Pasadena 91104 Market at a Glance: August 28 vs. July 28
If you’re curious about the real estate landscape in Pasadena’s 91104 neighborhood, you’ve come to the right place. In this Market at a Glance report, we’re diving into the numbers that tell the story of the local market’s evolution over the past two months.
August 28 Stats:
- Homes for Sale: 15 homes available.
- Analysis: A slightly reduced inventory suggests shifting seller dynamics.
- Median List Price: $1,444,899.
- Analysis: The steady median price points to a stable market trend.
- Average Price per Square Foot: $836.
- Analysis: Rising price per square foot signals potential demand for spacious living.
- Homes Sold: 13 homes sold.
- Analysis: A moderate number of sales indicates active buyer interest.
- Median Sale Price: $1,199,000.
- Analysis: A slight dip in median sale price indicates varying negotiations.
- Average Market Time: 51 days.
- Analysis: Longer market time may lead to informed buying decisions.
July 28 Stats:
- Homes for Sale: 17 homes available.
- Analysis: Slightly higher inventory provides more options for buyers.
- Median List Price: $1,475,000.
- Analysis: Elevated median price reflects seller confidence.
- Average Price per Square Foot: $744.
- Analysis: Lower price per square foot might attract budget-conscious buyers.
- Homes Sold: 21 homes sold.
- Analysis: Higher sales indicate a dynamic and active market.
- Median Sale Price: $1,305,000.
- Analysis: A modest increase in median sale price reflects buyer enthusiasm.
- Average Market Time: 9 days.
- Analysis: Rapid market time indicates strong buyer competition.
Analyzing the Two 30-Day Periods:
Comparing the two months reveals intriguing trends. While August saw a decrease in homes for sale and a slightly lower median list price, the market maintained stability overall. The average price per square foot rise suggests growing demand for spacious homes. In terms of sales, August experienced a smaller number of transactions, potentially due to the longer average market time.
On the other hand, July showcased a higher inventory and a notable spike in the median list price, possibly indicating seller optimism. A lower average price per square foot could have attracted budget-conscious buyers, as reflected in the rapid market time and a higher number of sales. The 91104 neighborhood remains vibrant in both months, appealing to a diverse range of homebuyers.
Pasadena 91104: Neighborhood Delights
Nestled in the heart of Pasadena, the 91104 neighborhood is a unique blend of history and modernity. Quaint tree-lined streets lead to various architectural styles, from Craftsman homes to contemporary gems. Residents enjoy easy access to parks, local businesses, and schools, fostering a close-knit community vibe. With the iconic Rose Bowl nearby and a mix of cultural events, there’s always something to do in this vibrant neighborhood that perfectly balances tranquility and excitement.