Market Update for San Rafael Hills homes for sale, week ending 6/13/15
By Lee Bothast, CRS, 2nd Generation Pasadena Area Realtor
(Coldwell Banker Residential Brokerage)
How's the market in Pasadena's San Rafael Hills Real Estate area week ending 6/13/15? San Rafael Hills Real Estate is a Seller’s Market. Here's why:· 2 months supply of homes trending· 7 Homes available (3 New this week!) The 6 month numbers are as follows:Average Sale Price: $968,376Median Sale Price: $930,000Average Days on Market: 37Average Sale Price to List Price Ratio: 101.29% Of Special Note this week: Summer supply is here for the San Rafael Hills homes for sale market! Inventory is slightly up compared to earlier this year (http://actvra.in/4yRB) but prices are also up, and compared to 2011 when average prices were in the mid $700,000s, it's a strong time for sellers. Increased inventory of the summer usually is met with increased buyer activity, however, anecdotally, ...
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