The Pasadena Condo Market seems to be ignoring all the publicity about the slowing housing market. Unit sales were up 20% and the median price increased to $575,000 compared to $470,00 last year.If you have had the opportunity to drive through town, you have seen some new construction going on and chances are it may be new housing additions. There are several new complexes for sale on Green St, Chester Avenue and Union St., with prices starting in the mid $500's and up into the mid $800's. There seems to be a trend towards more luxurious and more expensive units.Despite the growth in this particular segment, there did appear to be some softening in sales prices. Sales indicate on properties that were sold, achieved 97.86% of their list price compared to 99.27% last year. While they are ...
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