All data within this document is pulled from the Pasadena MLS. Pasadena Market Update Second Quarter 2015 PASADENA BROKERAGE 800 East Colorado Boulevard, Suite 150 Pasadena, CA 91101 t. 626.229.0909 sothebyshomes.com/pasadena Resort-Style Living, Sierra Madre, CA | web: 0277612 | Mark Ogden
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All data within this document is pulled from the Pasadena MLS.
Pasadena Market UpdateSecond Quarter 2015
PASADENA BROKERAGE
800 East Colorado Boulevard, Suite 150
Pasadena, CA 91101
t. 626.229.0909
sothebyshomes.com/pasadena
Resort-Style Living, Sierra Madre, CA | web: 0277612 | Mark Ogden
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
A MESSAGE FROM OUR MANAGER: Jeff Maynard
I am pleased to report that in the second quarter of 2015, four of the five areas in this marketreport enjoyed a steady increase in their average sales prices according to the PasadenaFoothills Association of Realtors ITEC Multiple Listing Service. The number of units sold in allfive areas was up as well, which is a positive sign. A trend that appears to be slowly taking hold is that buyers are keen to establish a proper value and are willing to wait if they feel a property is overpriced. Those homes will sit with no or fewer offers. This can be a costly and painful process so make sure you have an agent who knows your market. Sotheby’s International Realty – Pasadena brokerage’s listings often get multiple offers as extensive research is conducted to formulate the suggested sales price for our sellers. We are local experts with International connections that help our clients receive exposure like no other company can deliver. Our office enjoyed incredible closed volume growth in the second quarter as compared with the same time last year and we would like to thank our many satisfied customers for placing their trust in us.