Pasadena Real Estate Market Hits Contracts Low

There were 111 homes sold in the Pasadena market over the last 30 days, prolonging a seven-week declining trend. With a dismal 84 contracts executed, the lowest amount since January, that trend could be extended. When comparing other close-by municipalities within the same period, the most came from Los Angeles with 1,509 contracts executed. The median sales price in Pasadena stayed flat at $705,000 while months of inventory was flat at four.

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Demographic facts about Pasadena:

  • This area has a rating of 65 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • You can expect to pay property taxes at a rate of $7.73/$1,000.
  • The commute times can range from: <15 min (30.3%), 15-29 min (31.1%), 30-44 min (20.2%), 45-59 min (9.0%), >60 min (9.5%).

Data reported through 10/12/2016

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RE/MAX MASTERS REALTY
Berkshire Hathaway Homeservices
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HomeSmart Realty West
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