Tuesday, September 10, 2013
Prices Increase for Pasadena Single Family Homes
TRENDVision, the company which assimilates the large quantity of data from our iTech MLS, has just released the statistics for our August 2013 Pasadena homes sales. When comparing August 2013 to August 2012 single family homes sales for the Pasadena market, sales were up slightly. Homes sold were up 3% and pending sales were up 4%. The most drastic change was found in the enormous increase in sales price. Average price per square foot was up 26%, median sales price was up by 33%, and the average sold price was up 39%.
From July 2013 to August 2013, we have seen a decrease in the number of homes for sale by 10% and the homes pending decreased by 11%. This is usual for the time of year, and considering August is a heavy vacation month coupled by many schools starting their new year. The next several months will prove to be an interesting time, however, one thing will remain constant - it has never been a better time to think about selling your home. This market is perfect for the family looking to move-up, scale down, or just sell and get out of an expensive existing mortgage.
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