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Just In: Market Report for Greater Pasadena in the Second Quarter of 2016

I am pleased to report that all five areas covered in this report enjoyed an increase in their median price in the second quarter of 2016.

  • San Marino, particularly, enjoyed increases in almost every category.
  • Units sold increased 28%, from 36 units sold in Q2 2015 to 46 units sold in Q2 2016.
  • Both average selling price and average listing price posted gains of 18% and 19%, respectively.
  • As a result of an increase in average selling price and units sold, sales volume for Q2 2016 increased by $50.6 million, which is a 51% increase year over year from $98.7 million in Q2 2015 to $149.2 million in Q2 2016.

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Michael B. Bell | Home Sales Done Right