Pasadena Real Estate Values December 2017: Last month, Pasadena real estate values ranged from $350,000 to $3,650,000. On the low side, 462 Raymond Drive is an 816-square-foot home on a 4,985-square-foot lot. $3,650,000 buys 4,000 square feet over an acre sited at 3585 Locksley Drive.
Pasadena Real Estate Values December 2017 Recap:
The absorption rate hit its lowest point of the year, which means fewer listings were available. Yet, some home sellers make the mistake of taking their properties off the market around Thanksgiving. This decision is often very foolish. Why? As the year comes to a close, inventory always dries up, leaving fewer homes for buyers to choose from.
At the same time, motivated buyers remain in the market. Many of them want to close before the new year. With limited options, they often become less picky. This creates a unique advantage for sellers who keep their homes listed. For the “stragglers,” or those whose homes haven’t sold yet, this period can finally be the perfect time to secure a buyer. On the flip side, it’s often the worst time to buy. Competition for the few available homes can drive up prices. Buyers may pay more or settle for less to close before the year ends. Therefore, while some sellers retreat, the smart ones stay the course and often come out on top.
