By Eddie Rivera & David Cross

If you’ve had a sense lately that real estate prices in Pasadena—already some of the highest in Southern California—have risen, you’re right. The price of the single-family homes in Pasadena has steadily marched upwards since January by as much as 30% on average, and across all price points.

“20% to 25% is probably more realistic with many homes,” said long-time local Realtor Bill Podley, a partner at Deasy Penner Podley, “depending on where they are [located]. But very few homes sit on the market. Most homes sell within seven to 10 days.”

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