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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%