It continues to be a strong seller’s real estate market in South Pasadena as evidenced by the strong sales data from August 2017.
Here are the major statistics from August for single family residential properties in South Pasadena (condominiums are not included in these numbers):
Total number of homes sold in South Pasadena in August 2017: 15.
Average sales price of those 15 homes: $1,445,800.
Lowest priced single family home in South Pasadena in August 2017: $815,000.
Highest priced single family home in South Pasadena in July 2017: $2,520,000.
Average days on the market while trying to sell: 41.
Average lot size of those 15 homes: 10,953.
Average square footage of those 15 sold homes: 2,294.
Average price per square foot: $672.
Average year built for homes sold in July 2017: 1930.
There are currently just 14 single family properties (excluding condominiums) for sale as of September 1, 2017. That means there is less than 1 month’s inventory available for sale.
This is an outstanding time to be selling a home as the inventory is so low and demand continues to increase. If you are thinking of selling your South Pasadena home – feel free to get in touch with me to discuss your home’s current value and how to best present it to the market. Give me a call anytime at: (626) 437-6800 or email: Derek@SouthPasadenaHomes.com.