The South Pasadena Real Estate market seems to be unfazed by what is happening on the national and local levels. There are a few of the tell tale signs that exhibit some of the trends we see in other areas. Trends such as a reduction in the umber of units sold and an increase in the number of days it is taking to sell a property. These two bellwethers are standard issue in most residential markets across the country. In most cases these two indices are tracking behind last year. These two indicators will usually point to a housing market that has lost value.
But what is uncommon in South Pasadena is the consistency of the median price and how there seems to be very little deviation. South Pasadena is the antithesis of the current real state market. If only we could apply that to the latest market report for Pasadena homes.
The highlights of the market recap included:
- All Residential – a median price decline of (2.6%) (single family, townhomes & condominiums)
- Single family prices were + 1%, and
- Townhomes & Condo’s median prices were off (6%), which is considered minor due to the softness this category is experiencing
Enclosed is the full report:
South Pasadena CA Real Estate Market Reports
CA South Pasadena Market Report for May – July
South Pasadena Homes 1st Quarter Market Report
South Pasadena Real Estate Free Market Reports
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