Valuable South Pasadena Real Estate Market Snapshot with Important Breakdown and Analysis

Your valuable South Pasadena Real estate market snapshot with important breakdown and analysis is here! Explore South Pasadena’s real estate market from June to September 2023. South Pasadena real estate is diverse. From South Pasadena affordable homes to South Pasadena luxury properties.

If you’re a resident, potential buyer, or simply intrigued by the local South Pasadena real estate market, this report provides a comprehensive analysis of the South Pasadena real estate market from June 9, 2023, to September 9, 2023.

Few cities in California boast a more recognizable reputation for the quality of their small-town atmosphere and the rich legacy of intact late 19th and early 20th-century neighborhoods and residences. Additionally, South Pasadena can claim to host the oldest and most historic sites in the San Gabriel Valley.

The Shelhamer Group is deeply ingrained in the South Pasadena fabric, with strong ties to the Chamber of Commerce, architectural preservation, and local history. Moreover, we proudly hold NAR and SRES® memberships. We are also affiliated with Pasadena Heritage, acquainted with The Mill’s Act, and possess expertise in Historic Preservation Zones and significant properties.

South Pasadena Affordable Homes & Diverse Price Ranges, Varied Transactions

The South Pasadena real estate market caters to a wide range of budgets and lifestyles, offering a variety of properties. Here’s a breakdown of properties sold in different price brackets, along with their average days on the market (DOM):

Affordable Entry: Within the $500,000 – $549,999 range, one property attracted a buyer’s interest in just 12 days, showcasing the neighborhood’s appeal to budget-conscious buyers.
Mid-Range Appeal: South Pasadena’s mid-range market witnessed dynamic activity, with one property in the $600,000 – $649,999 range being sold within 14 days. Similarly, a property in the $850,000 – $899,999 range found a buyer in a mere 5 days.

Entering the Million-Dollar Realm: South Pasadena showcased its potential in this segment. In the $900,000 – $949,999 range, one property changed hands in 36 days. Moreover, another property in the $950,000 – $999,999 range was sold in 70 days.
$1,000,000s – $2,000,000s Range: The market remained active in this bracket, with properties selling swiftly. For instance, in the $1,000,000 – $1,249,999 range, four properties were sold, each spending an average of 9 days on the market. Likewise, in the $1,250,000 – $1,499,999 range, two properties found buyers in an average of 12 days.

South Pasadena Luxury Properties

Luxury Living: South Pasadena offered a taste of luxury living, with properties in the $1,500,000 – $1,749,999 range attracting significant interest. Nine properties were sold here, with an average DOM of 35 days. Similarly, in the $1,750,000 – $1,999,999 range, six properties sold swiftly in just 9 days on average.
$2,000,000s – $3,000,000s Range: South Pasadena’s luxury market remained vibrant. In the $2,000,000 – $2,249,999 range, two properties were sold with an average DOM of 41 days. Moreover, in the $2,250,000 – $2,499,999 range, three properties found buyers in an average of 17 days. Additionally, five properties in the $2,500,000 – $2,749,999 range sold in 24 days on average.

$2,750,000s – $3,000,000s Range: The high-end market witnessed notable activity. For instance, in the $2,750,000 – $2,999,999 range, three properties changed hands in 47 days on average. Furthermore, one property in the $3,000,000 – $3,249,999 range was sold in 66 days.
Premium Properties: South Pasadena’s market even featured a property in the $4,000,000 – $4,249,999 range, which sold in 49 days.

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Market Summary

In total, 41 properties were sold in South Pasadena during this period, with an average DOM of 26 days. The market showcased its diversity, with a minimum sale price of $540,000 and a maximum of $4,050,000. The average sale price stood at $1,867,666, with the median price at $1,750,000.

South Pasadena Real Estate is a Time Capsule of Early 20th Century California

The architectural heritage encompasses various styles, such as cottage-style Storybook, Modern, Midcentury, Spanish, Pueblo, Monterey, Craftsman, and Bungalow. With zealously protected old-time charm and architecture, South Pasadena offers a time capsule version of early 20th-century California. South Pasadena, also known as “the City of Trees,” is celebrated for its stunning homes, diverse and unique shops and restaurants, and top-quality schools. This quintessential small-town atmosphere, only 6 miles from DTLA, positions South Pasadena as one of California’s most desirable locations.

South Pasadena Real Estate:
June-Sept 2023 Market Insights

South Pasadena’s real estate market offers a wide array of properties, attracting buyers across various price points. Both South Pasadena affordable homes and South Pasadena luxury homes have an average DOM of 26 days and low available inventory, the demand for safety and amenities underlines the neighborhood’s enduring appeal. For specific inquiries or personalized advice on South Pasadena properties, consider reaching out to us at The Shelhamer Group. Stay tuned for future updates as we continue to monitor and analyze the evolving trends in the South Pasadena real estate market.

I am a Californian born here in Los Angeles. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, I have accelerated my career as a residential real estate advisor by combining my passion for California history, writing, architectural preservation, and extensive sales background. My marketing and negotiation skills, combined with community outreach have helped me build a solid reputation with our clients.

I am a Senior Real Estate Specialist (SRES®) working closely in the communities that we serve with our mature clients. When I am not listing or selling some of California’s finest homes, I turn my focus to early 20th-century California collectibles. My e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.

A Californian born here in Los Angeles, David has spent his whole life in California. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, he has accelerated his career as a residential real estate advisor combining his passion for California history, writing, architectural preservation, and extensive sales background.

David is a Senior Real Estate Specialist (SRES®) holding certifications in Probate and Trust Sales and Accessory Dwelling Units. His marketing and negotiation skills, joined with community outreach have helped him build a solid reputation with his clients.

Recently he represented a record-breaking sale for the most expensive home ever sold in Echo Park at 744 Sq. Ft. On the buying side, he knows the terrain, from negotiation, strategy, emerging markets, and the geographic pockets where the hidden gems lay. He continues to empower his clients with this knowledge, helping them get closer to building wealth and financial independence.

When David isn’t listing or selling some of California’s finest homes, he turns his focus to early 20th Century California antiques and collectibles. His e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.