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Pasadena Real Estate

Pasadena Real Estate

Pasadena, California is the seventh largest city in California. It is also located within the county of Los Angeles, being the first city to be incorporated into the county's borders. The population of Pasadena is currently just under 144,000. Pasadena's history as being quite the prominent hot spot for cultural and scientific institutions, such as being the home for Caltech and home of the Rose Bowl, it is also one of the more stable real estate markets in California.

The average income for a household in Pasadena is about $61,000, and about $73,000 for a family. Such figures make it Pasadena real estate a fairly stable market. Furthermore, the Pasadena, California real estate market is also well off due to the fact that is on the outskirts of the city of Los Angeles. Being a suburb for such a major metropolitan area will attract many to its city, particularly family households.

Such a factor is bound to drive up the Pasadena real estate market, which currently has an average listing of about $800,000, with median sales prices hovering around the $500,000 range. Furthermore, Pasadena also has some of the leading employers of the country with companies such as AT&T, Bank of America, and the leading employer of the city, Jet Propulsion Laboratory. The attraction of prestigious employers found in the city will also have a positive impact on the Pasadena, California real estate market.

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