Delving into the Pasadena 91103 real estate market unveils intriguing insights over the last two months. Let’s break down the data on home listings, prices, and sales, providing valuable information for both potential buyers and sellers.
August 20 Stats:
- Homes for sale: 22
- Analysis: Increased inventory offers a wider range of options.
- Median list price: $994,400
- Analysis: Slightly lower median list price might attract diverse buyers.
- Average price per square foot: $826
- Analysis: Lower average price per square foot can entice budget-conscious buyers.
- Homes sold (last 30 days): 10
- Analysis: Active sales indicate strong buyer interest and movement.
- Median sale price: $1,447,500
- Analysis: Median sale price suggests a mix of property types and sizes.
- Average market time: 60 days
- Analysis: Longer market time may signal a balanced negotiation process.
July 20 Stats:
- Homes for sale: 17
- Analysis: Reduced inventory could potentially create a competitive market.
- Median list price: $1,145,000
- Analysis: Higher median list price points to premium property offerings.
- Average price per square foot: $850
- Analysis: Slightly higher price per square foot may reflect quality features.
- Homes sold (last 30 days): 3
- Analysis: Fewer sales indicate cautious buyer sentiment or market dynamics.
- Median sale price: $2,525,000
- Analysis: Higher median sale price suggests strong sales values.
- Average market time: 17 days
- Analysis: Short market time underlines rapid property turnover.
Comparative Changes:
- Inventory increased from 17 to 22 homes, offering more choices.
- Median list price decreased by $150,600, indicating potential buyer-friendly pricing.
- The average price per square foot decreased by $24, possibly appealing to budget-conscious buyers.
- Closed sales jumped from 3 to 10, showcasing heightened buyer activity.
- Median sale price decreased by $1,077,500, potentially due to a mix of property types.
- Average market time increased by 43 days, signaling a more deliberate negotiation process.
Neighborhood Snapshot: The Pasadena 91103 neighborhood exudes a unique charm with its blend of historic architecture and modern amenities. Lush tree-lined streets wind through this vibrant community, creating a cozy suburban atmosphere. With local boutiques, eateries, and cultural hotspots nearby, residents enjoy the perfect balance of convenience and tranquility.