• calendar_month October 17, 2022
• folder Absorption Rate

Growing up near Pasadena, CA there were countless reasons why I loved visiting, The Langham Hotel, Santorini Café, Stanley’s, and the countless great hiking trails like Eden Falls but that’s just the tip of the iceberg. Pasadena, CA truly offers the best blend of city and suburban life, it has no shortage of luxury high rise living in downtown and beautiful single family homes that offer the idea white picket fence you see in movies, as a matter of fact you have seen a lot of them in movies as Hollywood loves to film and use the historic idealistic properties in it’s films.

Looking at the real estate market updates in Pasadena, CA it seems I am not alone in my sentiments. Today we have 120 active single family homes for sale. The median list price is $1,799,500 bringing the median price per SQFT to $862. In September 54 homes were sold at a median sold price of $1,350,000 after an average of only 22 days on market. With 120 active homes and 54 sold we find Pasadena, CA at a 45% absorption rate! Quick reminder anything above a 20% indicates a health market so if you are buying don’t overlook Pasadena and if you own and are considering selling you are definitely in great position!