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Foreclosures in Pasadena, CA 91103

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Living in Pasadena, CA

Pasadena, CA is a dynamic city known for its rich culture and historic charm. This vibrant community offers a unique blend of urban amenities and suburban tranquility, making it an attractive destination for families and professionals alike. With its beautiful parks, excellent schools, and diverse entertainment options, Pasadena is a desirable place to live and invest in real estate.

Current Market Conditions in Pasadena, CA

The real estate market in Pasadena remains competitive, with homes often receiving multiple offers. Recent trends show a steady increase in home values, reflecting the city's strong demand driven by its desirable location and amenities. Investors will find opportunities in both single-family homes and multi-family units, as rental demand continues to rise.

It is important to note that the rental market is robust, with many young professionals and families seeking housing in Pasadena. Investors should be aware of the rising rental prices, making the area a strong contender for buy-and-hold strategies as home appreciation is expected to continue.

Home Value Estimator For Pasadena, CA

There are currently 40,665 real estate properties in Pasadena, CA, with a median automated valuation model (AVM) price of $1,266,373.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pasadena, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pasadena, CA, is $1,630,033.00, with the most expensive house in Pasadena, CA, topping out at $248,410,464.00 and the cheapest home in Pasadena, CA, clocking in at $19,359.00. In other words, there’s something for every potential homebuyer or savvy investor in Pasadena, CA!

Rent Prices In Pasadena, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pasadena, CA, is on a rollercoaster ride. The average rent price in Pasadena, CA, is $3,099.00. Indeed, when looking to rent in Pasadena, CA, you can expect to pay as little as $1,270.00 or as much as $7,220.00, with the average rent median estimated to be $2,960.00. The good news is that finding an affordable and desirable property to rent in Pasadena, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pasadena, CA 91103 Foreclosures


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