south pasadena real estate 2008 report
DESCRIPTION
A recap of residential home sales, comparing 2008 results vs 2007TRANSCRIPT
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2008 Market Report - South Pasadena
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Residential Homes
(condos, townhomes & single family)
Median Price
2008 $773,500
2007 $815,000
% Change (5 %)
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Single Family Homes
Median Price
2008 $935,000
2007 $920,000
% Change 1.6 %
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Number of Single Family Homes Sold
2008 80 units
2007 123 units
% Change (35 %)
Average Days on Marketcurrent days on market
2008 59 / 82 (includes cumulative days on market)
2007 38
% Change 55%
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Current Inventory of Single Family Homes
Number Median Price Days/Mkt
Active 31 $999,000 64 / 100
Current Inventory Of Townhomes & Condominiums
Number Median Price Days/Mkt
Active 9 $499,000 73 / 83
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Townhomes & Condominiums
Median Price
2008 $517,450
2007 $575,000
% Change (10%)
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Number of Townhomes/Condo Units Sold
2008 30 units
2007 53 units
% Change (43 %)
Average Days on Market
current days on market / cumulative days on market
2008 81/ 95
2007 42 /64
% Change 92% / 48%