Thu Feb 20 2020
This week the median list price for Pasadena, CA is $1,749,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 127.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,749,000|
|Per Square Foot||$653|
|Days on Market||110|
|Slight Seller's Advantage|
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,750,000||5,310||0.5 - 1 acre||5||6||69||1||3||187|
|$2,024,999||2,999||0.25 - 0.5 acre||4||4||69||8||1||81|
|$1,299,500||2,104||8,000 - 10,000 sqft||3||2||72||6||6||87|
|$849,500||1,621||6,500 - 8,000 sqft||3||2||96||9||5||84|