Pasadena At-A-Glance Real Estate Statistics – May 2011
Here’s a latest list of the newest home listings in Pasadena:
- Tue, 21 Oct 2025 19:46:00 +0000: $1,175,000 :: 63 Yale Street, Pasadena CA, 91103 - Pasadena Home Search
5 beds, 2.75 baths
Home size: 1,484 sq ft
Lot Size: 9,505 sq ft
Added: 08/27/25, Last Updated: 10/21/25
Property Type: Single Family
MLS Number: SR25192949
Community: 645 - Pasadena (NW)
Status: Conditional
Duplex on Expansive Lot -Discover a rare gem in the heart of Pasadena! Huge Lot with Endless Potential! This well maintained duplex spans 1,484 sq ft on a 9,501 sq ft lot, in the sought-after 91103 Zip Code. With a total of 5 bedrooms. Front Unit 2 bedrooms, 1 bathroom, and 3 bedrooms 1.75 bathrooms at Rear Unit, and a Shed that was roughly used as another dwelling unit, all of this and there is still a huge backyard leftover. *This property offers incredible flexibility-ideal for multigenerational living, rental income or future development. *KEY FEATURES: Front unit offers 2 bedroom & 1 bathroom, hardwood floors, open concept kitchen a decorative fireplace with built-ins. Rear unit offers 3 bedrooms and 1.75 bathrooms with cozy yet functional layout & private entrance-perfect for extended family, guests, or rental tenants. *Location Perks: Minutes to Old Town Pasadena, the Rose Bowl, Brookside Park, CalTech, & Pasadena's top-rated schools. Easy access to the 210 & 134 freeways, Metro Gold Line, and outdoor recreation spots. *Situated on a quiet, tree-lined street in a highly desirable neighborhood. *Highlights: Zoned R2- Explore the possibility of converting the duplex into a stunning single-family home, with an ADU. Or finish the *ALREADY* there Shed that can be converted to a Third Dwelling Unit, *Prime for future appreciation in a high demand market. *This is more than a home-it's an opportunity with so many possibilities! Don't pass up this unique opportunity to own a piece of Pasadena history with built-in income or multigenerational living flexibility. *Whether you're an investor, homeowner, or developer, 63-65 Yale Street offers unmatched potential in a fantastic Pasadena location.
Listed with Claudia Perez | 661-466-8504, CP Real Estate Company
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/! - Tue, 21 Oct 2025 17:49:00 +0000: $799,000 :: 687 E Orange Grove Boulevard, Pasadena CA, 91104 - Pasadena Home Search
3 beds, 2 baths
Home size: 1,088 sq ft
Lot Size: 24,921 sq ft
Added: 09/15/25, Last Updated: 10/21/25
Property Type: Condo/Townhouse/Co-Op
MLS Number: 25592337
Community: 646 - Pasadena (NE)
Status: Conditional
This welcoming three bedroom, two bath home offers 1,088 square feet of comfortable, well-designed space in an intimate eight-unit condominium located in one of Pasadena's most beloved neighborhoods. Built in 1979, it combines classic style with modern updates, including an upgraded kitchen with sleek finishes and ample storage, in unit laundry, updated bathrooms and brand-new roof. Light filled living and dining areas flow together easily, creating a warm setting for relaxing or entertaining, while the spacious layout provides flexibility for family, guests, or a home office. With central heat and air and the rare advantage of no shared walls, you will enjoy year-round comfort and privacy. A private covered patio extends the living space outdoors, and a detached garage provides secure parking and additional storage. Situated within a well-kept community, this home offers a harmonious balance of privacy and convenience, moments from Pasadena's cultural treasures including world class museums, Kidspace Children's Museum, The Huntington, The Rose Bowl and the shops and restaurants along Lake Avenue including Erewhon plus endless other cultural monuments.
Listed with Lotoya Bailey CalDRE: E | 323-462-6262, Nourmand & Associates-HW
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/! - Tue, 21 Oct 2025 17:40:00 +0000: $3,500,000 :: 1146 Wellington Avenue, Pasadena CA, 91103 - Pasadena Home Search
4 beds, 4.25 baths
Home size: 4,330 sq ft
Lot Size: 15,608 sq ft
Added: 10/17/25, Last Updated: 10/21/25
Property Type: Single Family
MLS Number: P1-24645
Community: 645 - Pasadena (NW)
Status: Active
Built in 1921, this home sits on a generous lot in Pasadena's desirable Linda Vista neighborhood, blending Traditional and Ranch-style elements in a quiet, established setting. Privately set behind a gated entry on one of the area's most peaceful streets, 1146 Wellington Avenue offers a spacious and versatile layout designed for comfortable living. The front yard is beautifully landscaped and anchored by a majestic oak tree, adding charm and character to this exceptional property.A formal entry opens to a large, step-up formal living room that's both gracious and inviting, with beautiful built-ins and plenty of natural light. Just off the living room is a cozy library with direct access to the three-car garage, where one bay has been converted into a finished, air-conditioned office.The heart of the home is the completely remodeled kitchen done in 2022. Thoughtfully designed with quartz countertops, ceramic and porcelain tile backsplash, a central island, and a seamless connection to the surrounding living spaces. The kitchen opens to a comfortable family room with a fireplace. Just beyond the family room is a flexible bonus area, currently used as a reading nook but also great for a playroom. On the opposite side, the kitchen flows into an informal dining room. It features a built-in Sub-Zero refrigerator, custom cabinetry, and a utility sink. Just off the informal dining room, a cleverly integrated pocket office is tucked out of sight but close to the action with built-in desk and storage. French doors from the dining area lead to the rear patio, complete with a built-in BBQ and a private, beautifully landscaped yard.There are three ensuite bedrooms, including a spacious primary suite with views of the rear yard from the attached exercise room, perfect as a gym but also great as a nursery, or office. The primary bathroom was also remodeled in 2022, showcasing custom quartz countertops and high-end finishes.Located minutes from the Rose Bowl and everything Pasadena has to offer, this is a truly special home in one of its most desirable neighborhoods.
Listed with Lauren Luczyski | , COMPASS
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/! - Tue, 21 Oct 2025 15:43:00 +0000: $1,949,000 :: 1726 La Loma Road, Pasadena CA, 91105 - Pasadena Home Search
4 beds, 2.5 baths
Home size: 3,980 sq ft
Lot Size: 6,474 sq ft
Added: 08/08/25, Last Updated: 10/21/25
Property Type: Single Family
MLS Number: P1-23622
Community: 647 - Pasadena (SW)
The price of this listing was last reduced on 10/21/2025 by 2%
Status: Active
Tucked amongst a canopy of trees in the prestigious San Rafael Hills, 1726 La Loma is a fully renovated estate blending modern elegance, functionality, and resort-style amenities. The design-forward contemporary remodel showcases high-end finishes throughout and adds a touch of sophistication to the day-to-day. Upon entry, soaring ceilings and a striking fireplace set the tone for the home. Expansive sliding glass doors fill the living area with fresh air and natural light, opening to wrap-around balconies, perfect for entertaining. The formal dining room offers generous space for hosting, while the gourmet chef's kitchen stuns with an oversized quartz island, top-tier appliances, and abundant storage. A laundry room and guest bath complete the main level. The lower levels feature three serene bedrooms - ideal for guests, a home office, or studio. From the main living room, floating stairs lead to the spectacular primary suite, preceded by its own lounge. Double doors reveal lofty ceilings, a private balcony with mountain views, a cozy fireplace, and walls of light-filled windows. The spa-inspired bath boasts a jetted soaking tub, walk-in shower, dual vanities, and a spacious walk-in closet. Outdoors, you will enjoy a sparkling pool and spa on the west end and a secluded courtyard on the east, the ideal setting for entertaining or simply enjoying a cup of coffee in the morning. Do not miss this rare Pasadena retreat! Refined, inviting, and unforgettable.
Listed with David Knight | 626-657-0359, Keller Williams Realty
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/! - Tue, 21 Oct 2025 14:10:00 +0000: $749,880 :: 591 N Garfield Avenue #5, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 1.5 baths
Home size: 1,046 sq ft
Lot Size: 1,272 sq ft
Added: 07/14/25, Last Updated: 10/21/25
Property Type: Condo/Townhouse/Co-Op
MLS Number: CV25166337
Community: 646 - Pasadena (NE)
The price of this listing was last reduced on 10/21/2025 by 3%
Status: Active
Beautiful 2 story townhouse with Bright and open floor plan is ready for you to move in. Your guest have access directly to your front door off the street while you conveniently park in your 2 car attached garage. The shelves and upper storage rack in the garage will stay for your convenience. Enjoy your spacious livingroom with recessed lighting, beautiful wall mirror, bathroom for your guest and shutters throughout. Your Kitchen has lots of natural light from the bay window with tile countertops and backsplash. You will have many wonderful dinners in your dinning area enjoying the light from your slidding door that leads to your private patio. The patio furniture is included for you to relax in. The stairs take you to your primary bedroom with walk in closet and second closet with access to your comfortable jack & jill bathroom. The second bedroom has a walk-in closet as well. Your laundry closet is conveniently located in your second story as well. It feels like home in your gated community surrounded by park-like grounds and your community pool. Your trash, grounds, pool and EQ Insurance is covered by your HOA. Your new home is near restaurants, Old Town Pasadena, shopping, Metro, 134/210 Freeways, and accross from Villa Park... so much for you to have fun with.
Listed with Patricia Rios CalDRE: N | 626-786-5750, Century 21 Masters
Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!
Prior Real Estate Market Reports for Pasadena California
April 2011
Pasadena Real Estate Market Overview – 2009 vs 2010
As we start a new year, it’s always interesting to look at year over year data to see the trends in real estate activities.
Media keeps regurgitating national statistics and I get constant calls from my mom in panic that the real estate market is crashing. 🙂 So… let’s look at a few of the critical local stats.
- The volume of home sales was definitely down in 2010. 662 homes were sold in 2010 vs 775 in 2009 – a 17% reduction in inventory.
- The average sales price, however, went up by almost 6% from $755,626 in 2009 to $803,296 in 2010.
- Foreclosures have been on everyone’s mind. I’ve been talking about shadow foreclosure inventory for awhile now. However, there were only 31 sales in 2010 compared to 21 sales in 2009. Most REOs that sell are in the lower price point with the average sales price $441,909 for 2010.
- Investors are out in force. 58% of all single family home short sale that successfully closed escrow were purchase for ALL cash.
- Only 1 in 4 properties that were being sold in a short sale process closed escrow.
Sold Pasadena Real Estate Market Statistics:
Data is based on information from the Pasadena Foothill Association of Realtors ITEC MLS for the periods shown.
Display of MLS data is deemed reliable but is not guaranteed accurate.
| 2010 | 2009 | % Chg | |
| Single Family Homes | |||
| Volume | 662 | 775 | -17.1% |
| Price/Sq. Ft. | $390 | $383 | 1.8% |
| Ave Sales Price | $803,296 | $755,626 | 5.9% |
| Days on Market | 69 | 70 | -1.4% |
| Size/Sq. Ft. | 1,986 | 1,924 | 3.1% |
| REO Volume | 51 | 50 | 2.0% |
| Short Sales Volume | 27 | 12 | 55.6% |
| Condos & Townhomes | |||
| Volume | 416 | 463 | -11.3% |
| Price/Sq. Ft. | $360 | $351 | 2.5% |
| Ave Sales Price | $482,987 | $455,724 | 5.6% |
| Days on Market | 81 | 83 | -2.5% |
| Size/Sq. Ft. | 1,333 | 1,301 | 2.4% |
| REO Volume | 31 | 21 | 32.3% |
| Short Sales Volume | 27 | 12 | 55.6% |
Pasadena’s Single Family Homes – Real Estate report for August 2010
When we are looking at Pasadena home sales data for August 2010, please keep in mind that most of these homes have actually went under contract sometime in June or July. Hot summer months – in more ways than one. Yes… it was hot. 🙂 But, for real estate purposes, this is also the busiest home selling activity.
Many Pasadena home buyers take advantage of vacation time or kids being out of school to go shopping for their next home.
August in itself, had the lowest number of new home listings in Pasadena at only 77 comparing to close to 100 in the previous months.
The lowest priced home for sale listed in Pasadena was $220,000.
The highest priced home for sale listed in Pasadena was $6,650,000
Pasadena Single Family Home Sales statistics:
| Single Family Residence | May-10 | Jun-10 | Jul-10 | Aug-10 |
| New Listings | 96 | 97 | 100 | 77 |
| Total Listings | 310 | 308 | 342 | 282 |
| Sales Pending | 87 | 90 | 84 | 50 |
| Homes Sold | 70 | 76 | 73 | 50 |
| Listings Expired | 25 | 29 | 33 | 46 |
| Average Days on the Market | 59 | 58 | 68 | 68 |
| Average Price Per Sq. Ft. | $378 | $401 | $373 | $388 |
| Median Selling Price | $548,000 | $687,000 | $668,000 | $565,000 |
| Average Selling Price | $620,090 | $862,668 | $825,831 | $823,022 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 19.2 | 17.6 | 20.3 | 24.4 |
Let’s take a look at the actual Pasadena home sales prices by area:
South West Pasadena
Average price per square foot for homes in the South West Pasadena neighborhood increased by 40.3% from August 2009 to August 2010 from $423 per sq. ft. to $593 per sq. ft.
The South West Pasadena homes also sold 54% faster in the same span of time. The average time on the market for these homes in August 2009 was 93 and in August 2010 was 43 days.
On average the homes in South West Pasadena sold at 98% of list price.
See all Pasadena South West homes for sale here. These home listings are updated “real time”.
READ THE FULL POST ON PASADENA REAL ESTATE 2010 SUMMER STATISTICS HERE
Pasadena real estate housing statistics for January 2010
In reviewing the numbers of home sales in Pasadena California for January 2010 and comparing it to January 2009, the stats that jump out at me are:
Pasadena Single Family Houses for Sale
- The inventory is a bit lower and it takes a lot less time to sell a home in Pasadena this year than last.
- Price per square foot of sold homes is actually higher this year than last.
- Even though there’s less inventory, almost twice as many units sold in January of this year than last.
- And, fewer home listings expired.
Pasadena Condos for Sale
- Again less inventory this year, but significantly higher number of sales – in January of 2009, only 5 condos sold and 33 in January of 2010.
- Price per sq. ft. of sold condos is a bit lower at $367 vs. $379
- Absorption rate is only 19.6 weeks in 2010 vs 158 weeks in 2009
Pasadena Townhouses for Sale
- A lot more new townhome listings this January than last year. However, the total number of units is consistent at 67.
- Only 4 townhomes sold in January of 2010 vs 11 in 2009
- Price per square foot is significantly higher and is over $400. This is most likely driven by a small number of sales. That number will come down in February as volume of sales rises.
| Single Family Residence | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 81 | 53 | 45 | 67 |
| Total Listings | 239 | 226 | 204 | 207 |
| Sales Pending | 31 | 67 | 65 | 61 |
| Homes Sold | 28 | 69 | 68 | 48 |
| Listings Expired | 48 | 36 | 53 | 22 |
| Average Days on the Market | 130 | 67 | 84 | 87 |
| Average Price Per Sq. Ft. | $333 | $368 | $330 | $355 |
| Median Selling Price | $505,000 | $620,000 | $810,000 | $531,500 |
| Average Selling Price | $548,981 | $714,001 | $729,829 | $664,954 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 37.0 | 14.2 | 13.0 | 18.7 |
| Condos | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 44 | 24 | 23 | 56 |
| Total Listings | 183 | 172 | 143 | 149 |
| Sales Pending | 2 | 35 | 29 | 33 |
| Condos Sold | 5 | 29 | 31 | 33 |
| Listings Expired | 24 | 17 | 24 | 37 |
| Average Days on the Market | 113 | 86 | 67 | 79 |
| Average Price Per Sq. Ft. | $379 | $377 | $369 | $367 |
| Median Selling Price | $207,450 | $485,000 | $398,000 | $413,000 |
| Average Selling Price | $427,950 | $491,121 | $474,298 | $414,088 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 158.6 | 25.7 | 20.0 | 19.6 |
| Townhomes | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 8 | 14 | 11 | 26 |
| Total Listings | 67 | 67 | 54 | 67 |
| Sales Pending | 6 | 23 | 12 | 2 |
| Townhomes Sold | 11 | 15 | 27 | 4 |
| Listings Expired | 8 | 4 | 20 | 0 |
| Average Days on the Market | 115 | 59 | 67 | 65 |
| Average Price Per Sq. Ft. | $349 | $397 | $373 | $421 |
| Median Selling Price | $ 462,500 | $ 520,000 | $ 545,000 | $ 503,500 |
| Average Selling Price | $ 436,991 | $ 539,267 | $ 585,007 | $ 504,250 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 26.4 | 19.4 | 8.7 | 72.6 |
Year To Date Pasadena Real Estate Market Statistics:
[altos_chart st=”CA” cid=”1994″ zid=”2894335″ rt=”sf,mf” ra=”a” q=”a” left=”median_price” size=”m” timeSpan=”e” endDate = “2009-11-20” /] [altos_chart st=”CA” cid=”2018″ zid=”2898911″ rt=”sf,mf” ra=”a” q=”a” left=”median_per_sqft” size=”m” timeSpan=”e” endDate = “2009-11-20” /]July 2009 Real Estate Market Report:
See the latest Pasadena Real Estate Market and Housing Report for housing trends as of August 2009.
As expected, the volume of sales has increased dramatically from April to May.
Pasadena home sales increased by 20% from April and homes under contract are 23% higher. Average selling price increased a bit as well. Close to 100 new home listings came up on the market, but the inventory is still a bit under 300 homes.
Here’s a chart from Altos Research group with the historical look at Median prices of Pasadena homes:
As I published March 2009, Pasadena Real Estate Market Housing statistics and report, there were several key points that jumped out at me when I looked at the numbers:
1. The housing inventory is falling in every category – Pasadena homes, Pasadena condos and Pasadena townhomes. In a normal real estate market the inventory will pick up as we get closer to spring and summer months. The number of newly listed Pasadena properties stays the same, but the number of Pasadena home sales almost doubled in March 2009.
2. Absorption Rate – a key real estate statistic – is significantly lower for each of the tracked categories. Absorption rate is an indicator that sellers use to anticipate how long it will take to market their homes for sale. For example, looking at Pasadena single family homes, a Pasadena home seller should understand that if the rate of sales and current inventory remains the same, it will take them on average 21.7 weeks to sell their home. That’s a significant drop in home marketing time from 35.7 and shows a trend towards getting back to a more balanced real estate market.
3. The most significant change in pricing is seen at the Pasadena condo level. Now is the time to get excellent Pasadena condo deals. The price per square foot on a Pasadena condo is at an all time low of $315 per sq. ft. Take a look at Pasadena’s real estate market analysis for the last five years and you’ll see that we’re back to 2003 price levels.
Read the full Pasadena Real Estate Market Report for March 2009 here.
Real estate market Pasadena California statistics for January and February 2009:
nventory of Pasadena homes each month for both January and February almost doubled from December of 2008. More homes are available for sale and more homes are selling. February 2009 ended the month with 37 Pasadena homes sold and 57 homes under contract. This is very much in line with what I’ve been seeing with my clients. A lot of offers are being placed on homes and once again we are seeing multiple offers in homes under $500,000. It’s also interesting to note that single family residences (SFR) in Pasadena sold a bit over 97% of asking price.
The number of available Pasadena condos for sale doubled as well from the end of 2008. A huge increase in the number of Pasadena condos under contract from last year was seen in the month of February. This doesn’t surprise me since condos have experienced a more significant price drop. I was able to help my buyers purchase a condo last month in the South Lake Avenue district just steps from Macy’s for only $249,500. And the price included a seller concession of an additional $7,500 towards closing costs. Quite frankly, this type of purchase was impossible only a few months ago.
READ MORE: Complete statistics and inventory for Pasadena housing – beginning of 2009
Pasadena real estate market report for December 2008:
December has been uneventful for Pasadena’s real estate market. Inventory of homes and condos dropped from last several months to 250 homes and 158 condos. While the number of available Pasadena townhomes for sale increased to 76 units.
Since, there was an increase in the number of homes sold and the number of Pasadena sellers that decided to take their homes off the market, absorption rate dropped dramatically.
I expect that we will see a lot more Pasadena property listings hit the market in January since many home sellers wait until after the holidays to list their Pasadena home for sale. I also expect banks to start releasing foreclosures that they’ve been holding on to for book keeping purposes.
While prices have been basically flat over the last several weeks, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are becoming more available and Pasadena buyers are tending to get more home for their money.
Read More: Complete statistiscs for Pasadena real estate – December 2008
Interested in searching for Pasadena homes and condos for sale? Here’s a list of all available properties including foreclosures:
Pasadena Real Estate Market Statistics for October 2008 through December 2008:
| Single Family Residence |
Oct-08 | Nov-08 | Dec-08 |
| New Listings |
72 | 56 | 46 |
| Total Listings |
303 | 261 | 250 |
| Sales Pending |
61 | 29 | 40 |
| Homes Sold | 71 | 42 | 69 |
| Listings Expired |
54 | 53 | 83 |
| Average Days on the Market |
141 | 115 | 102 |
| Average Price Per Sq. Ft. |
$411 | $402 | $373 |
| Average Selling Price |
$811,092 | $699,591 | $760,146 |
| Median Selling Price |
$620,000 | $445,750 | $560,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
18.5 | 26.9 | 15.7 |
| Condos | Oct-08 | Nov-08 | Dec-08 |
| New Listings |
43 | 39 | 26 |
| Total Listings |
165 | 159 | 158 |
| Sales Pending |
26 | 7 | 22 |
| Homes Sold | 31 | 17 | 19 |
| Listings Expired |
16 | 27 | 29 |
| Average Days on the Market |
135 | 110 | 60 |
| Average Price Per Sq. Ft. |
$401 | $377 | $355 |
| Average Selling Price |
$442,758 | $428,641 | $410,363 |
| Median Selling Price |
$415,000 | $455,000 | $380,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
23.1 | 40.5 | 36.0 |
| Townhomes | Oct-08 | Nov-08 | Dec-08 |
| New Listings |
12 | 27 | 20 |
| Total Listings |
68 | 68 | 76 |
| Sales Pending |
3 | 10 | 13 |
| Homes Sold | 15 | 5 | 14 |
| Listings Expired |
10 | 5 | 26 |
| Average Days on the Market |
72 | 36 | 116 |
| Average Price Per Sq. Ft. |
$347 | $426 | $351 |
| Average Selling Price |
$ 544,820 |
$ 604,600 |
$540,214 |
| Median Selling Price |
$ 519,900 |
$ 575,000 |
$465,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.6 | 58.9 | 23.5 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)
Read More: going into escrow in October.
Pasadena real estate market report for October 2008:
Pasadena’s real estate inventory of homes has decreased in October to 127 units overall – inclusive of single family residences, condos and townhomes. It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from. The sales have closed strongly in October at 117 units. Next month, we will see a marked decrease in this number as evidenced by the decline in the
This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports. Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less. Hope that you will find it useful.
Market Action Indicator for Pasadena’s real estate is currently in the buyer’s zone though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.
The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000. This home sold over its original asking price of $226,900.
Overall, October’s single family residences sold at 95.20% of their asking price.
Housing Market Statistics for Pasadena California for August 2008 through October 2008:
| Single Family Residence |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
80 | 78 | 72 |
| Total Listings |
325 | 341 | 303 |
| Sales Pending |
43 | 95 | 61 |
| Homes Sold | 69 | 59 | 71 |
| Listings Expired |
36 | 59 | 54 |
| Average Days on the Market |
133 | 115 | 141 |
| Average Price Per Sq. Ft. |
$407 | $396 | $411 |
| Average Selling Price |
$923,986 | $751,228 | $811,092 |
| Median Selling Price |
$657,000 | $655,000 | $620,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
20.4 | 25.0 | 18.5 |
| Condos | Aug-08 | Sep-08 | Oct-08 |
| New Listings |
31 | 46 | 43 |
| Total Listings |
136 | 156 | 165 |
| Sales Pending |
9 | 38 | 26 |
| Homes Sold | 27 | 21 | 31 |
| Listings Expired |
22 | 35 | 16 |
| Average Days on the Market |
115 | 121 | 135 |
| Average Price Per Sq. Ft. |
$397 | $445 | $401 |
| Average Selling Price |
$515,896 | $459,540 | $442,758 |
| Median Selling Price |
$399,500 | $350,000 | $415,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
21.8 | 32.2 | 23.1 |
| Townhomes | Aug-08 | Sep-08 | Oct-08 |
| New Listings |
11 | 16 | 12 |
| Total Listings |
57 | 69 | 68 |
| Sales Pending |
6 | 18 | 3 |
| Homes Sold | 13 | 15 | 15 |
| Listings Expired |
4 | 12 | 10 |
| Average Days on the Market |
111 | 130 | 72 |
| Average Price Per Sq. Ft. |
$385 | $358 | $347 |
| Average Selling Price |
$ 597,477 |
$ 512,933 |
$ 544,820 |
| Median Selling Price |
$ 539,000 |
$ 500,000 |
$ 519,900 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.0 | 19.9 | 19.6 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).