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Preforeclosure Homes in Pasadena, CA

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Living in Pasadena, CA

Pasadena is known for its rich cultural heritage and historic architecture, featuring iconic landmarks such as the Rose Bowl and numerous museums. The city offers a vibrant lifestyle, with a robust selection of dining, shopping, and entertainment options. Its central location makes it a desirable place for both residents and visitors, providing easy access to Los Angeles and surrounding areas.

Current Market Conditions in Pasadena, CA

The Pasadena real estate market is currently experiencing high demand with competitive bidding situations for homes, particularly in historic districts. The market has seen a steady increase in home values due to the city's desirability and limited inventory. Buyers are often faced with multiple offers on properties, making it essential to act quickly when listings become available.

In recent months, there has been a slight increase in home sales, suggesting a recovering market following the initial pandemic-related slowdown. The average days on the market have decreased, and new listings are being met with enthusiasm by potential buyers.

Home Value Estimator For Pasadena, CA

There are currently 40,683 real estate properties in Pasadena, CA, with a median automated valuation model (AVM) price of $1,268,260.00. 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 $1,638,170.00, with the most expensive house in Pasadena, CA, topping out at $238,688,000.00 and the cheapest home in Pasadena, CA, clocking in at $21,131.00. 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 Preforeclosure Homes


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