Pasadena CA real estate prices have slipped, according to market trends released July 8. Market conditions have been consistently cooling in the past several weeks. Pasadena remains in a seller’s market, however, because a low number of listings is keeping demand steady.
The numbers are based on one week alone; trends fluctuate from week to week, so keep watching my blog for these updates. If you’d like to read about market trends in other areas of San Gabriel Valley, check out my San Gabriel Valley real estate report.
These trends are based on Altos Research Real-Time Real Estate Data.
Find out what's happening in Pasadenawith free, real-time updates from Patch.
Pasadena CA real estate: By the numbers
PASADENA
The median list price this week is $699,000. Again this week we see a downward notch for prices. Pricing has been weak in recent weeks as market conditions cool. However, inventory is sufficiently low to keep the city in the Seller’s Market zone.
The median list price this week is $699,000.
Find out what's happening in Pasadenawith free, real-time updates from Patch.
Average days on market: 75
Asking price per sq foot: $448
Market Action Index score: 39.4
If you’re considering listing your home for sell, it would be wise to move quickly to take advantage of the seller’s market, which puts negotiating power in your corner. The Pasadena CA real estate market has been cooling for weeks, and should the trend continue this way, prices will fall further.
