South Pasadena real estate market statistics for the last 3 months are below. For a full analysis and commentary, please visit the original post at the South Pasadena Real Estate website.
| Single Family Residence | Sep-08 | Oct-08 | Nov-08 |
| New Listings | 10 | 13 | 9 |
| Total Listings | 33 | 34 | 35 |
| Sales Pending | 9 | 8 | 0 |
| Homes Sold | 5 | 5 | 9 |
| Listings Expired | 3 | 5 | 6 |
| Average Days on the Market | 68 | 96 | 77 |
| Average Price Per Sq. Ft. | $499 | $493 | $462 |
| Average Median Price | $930,000 | $940,000 | $1,000,000 |
| Average Selling Price | $1,145,178 | $1,037,300 | $998,833 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 28.6 | 29.5 | 16.9 |
| Condos and Townhomes | Sep-08 | Oct-08 | Nov-08 |
| New Listings | 6 | 4 | 5 |
| Total Listings | 18 | 13 | 15 |
| Sales Pending | 5 | 2 | 1 |
| Homes Sold | 5 | 4 | 2 |
| Listings Expired | 5 | 0 | 3 |
| Average Days on the Market | 111 | 186 | 18 |
| Average Price Per Sq. Ft. | $397 | $401 | $369 |
| Average Median Price | $590,500 | $733,500 | $482,450 |
| Average Selling Price | $637,200 | $647,200 | $482,450 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 15.6 | 14.1 | 32.5 |
Posted by Irina Netchaev, Pasadena Real Estate Agent
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Helping sellers & buyers in Pasadena and surrounding cities get the most out of their real estate experience. Educating & guiding Pasadena Sellers and Pasadena Buyers in all things Real Estate.
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