Pasadena real estate numbers are out for the month of August. I’ve put together a visual graphic for my clients to provide a quick overview of the real estate market conditions:
Here are some of my observations:
1. This summer has truly been an incredible recovery for many property owners that have taken the plunge and put their home on the market in Pasadena.
2. Multiple offers continued through the summer and are still seen on a daily basis.
3. Inventory is still very low. Banks are holding on to their “shadow inventory” and not releasing many foreclosures.
4. Home buyers have increased their purchase power with the historically low interest rates and many are able to lock in these interest rates long term – 10, 15 and 30 years.
5. Many Pasadena home sellers are beautifully presenting their property by having it professionally staged and many are providing inspection reports to potential buyers.
6. Acceleration Clauses are being strategically used by home buyers and their agents.
Quick statistics:
- 89 homes sold in August and 91 homes were listed.
- Average price of single family home sold in North West Pasadena was $630,000 last month vs. $513,000 same period last year – a 22.8% increase.
- Average price of single family home sold in South West Pasadena was $902,000 last month vs. $1,018,000 same period last year – an 11.4% decrease.
- Average price of single family home sold in North East Pasadena was $569,000 last month vs. $469,000 same period last year – a 22.3% increase.
- Average price of single family home sold in South East Pasadena was $885,000 last mont vs. $1,286,000 same period last year – a 31.2% decrease.
Homes in the lower price range are moving much quicker than higher priced homes. We are definitely seeing a lot more first time home buyers which again speaks to the lower interest rates making it more possible for folks to afford a home and in many cases more financially advantageous than renting.
Interested in more information about Pasadena and surrounding cities, check out our City Guides below:
And, if you are interested in fun activities to do in Pasadena, take a look at our 365 Things To Do in Pasadena® page.
Thinking of selling your San Marino or Pasadena home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Pasadena Real Estate Market.
See all Pasadena Homes that Recently SOLD:
There’s no better way to learn the market. 🙂
- Fri, 12 Apr 2024 10:27:00 +0000: $1,960,000 :: 1446 Linda Vista Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,011 sq ft
Lot Size: 9,605 sq ft
Added: 02/10/24, Last Updated: 04/12/24
Property Type: Single Family
MLS Number: P1-16478
Community: Pasadena (NW)
Status: Sold
Fall in love with this special one story Linda Vista neighborhood home that combines the charm of a traditional home with updates for today's lifestyle.The large living room features built-ins and a charming fireplace (decorative). Adjacent to the living room is a dining area, perfect for hosting memorable meals with family and friends.The tastefully remodeled kitchen features quartz counters, custom cabinets and recessed lighting that bathes the space in a warm and inviting glow. This home offers two generously sized bedrooms and a spacious lanai with an attached remodeled three-quarter bath. This versatile space can easily serve as a primary suite, guest suite, family room or home office, providing flexibility to suit your needs. and has enjoyed many updates. The large backyard is perfect for entertaining with travertine tile, garden area with water feature and large refinished pool for warm summer days and endless outdoor enjoymentAdditional features include newer LVP flooring, tankless water heater, central air and heat, double pane windows, laundry room, detached finished garage and storage area. There is room to expand the home, if desired.This home enjoys a great location near the Rose Bowl, Aquatic Center, Old Town Pasadena, Downtown Los Angeles, freeways and the entertainment industry. A truly exceptional living opportunity in one of Pasadena's most sought after neighborhoods!
Listed with Beatrice Harendza | (818) 427-0308, 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/! - Thu, 11 Apr 2024 14:19:00 +0000: $1,968,000 :: 1465 Wellington Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,857 sq ft
Lot Size: 12,337 sq ft
Added: 10/12/23, Last Updated: 04/11/24
Property Type: Single Family
MLS Number: P1-15371
Community: Pasadena (NW)
Status: Sold
This beautiful sophisticated ranch style home is well located on a quiet, private drive near the end of a cul-de-sac in the Linda Vista neighborhood of West Pasadena. The home offers a functional floor plan with an open-concept gourmet kitchen, dining area, and spacious living room with fireplace and built-in dining banquette. The stunning kitchen features a 6-burner Wolf stove with convection oven, pot filler, Wolf professional exhaust fan with remote quiet fan, built-in SubZero refrigerator, built-in SubZero dual zone full wine refrigerator, Wolf warming oven, center island with hammered utility sink, a hammered farmhouse sink and stone counters. There are 3 bedrooms and 2 beautifully appointed, updated bathrooms. The rear bedroom suite offers views of the lush yard and access to the back patio, a walk-in closet and an updated 3/4 bath. There is a separate laundry room with storage. The attached garage has been finished with drywall and above the ceiling, there is plenty of storage. Additional features include: copper soaking tub,copper plumbing, LED lighting, 200-amp panel, dual pane windows, 2 Rinnai tankless water heaters, hardwood floors, LifeSource whole house water filtration system, smart home features, including a Nest thermostat and Rachio sprinklers controls, and a paver stone driveway. Sited on a 12,335 SF lot, the gated, private yard features gorgeous mature trees, as well as spacious patio spaces and terraced gardens. Enjoy the custom-built outdoor kitchen with a Viking BBQ, stainless steel sink and cabinets, newer above ground spa, outdoor TV, and a grassy dog run. This home is an ideal place for indoor and outdoor entertaining in a quiet, tucked-away location!
Listed with Sarah Rogers | (626) 390-0511, The Agency
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/! - Thu, 11 Apr 2024 13:39:00 +0000: $1,137,000 :: 935 Riviera Drive, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,560 sq ft
Lot Size: 11,309 sq ft
Added: 12/02/23, Last Updated: 04/11/24
Property Type: Single Family
MLS Number: AR23218107
Community: Pasadena (NE)
Status: Sold
Three bedroom, two bathroom Hastings Ranch home offering privacy with great mountain and golf course views. This home features a well-designed layout with an attached 2-car garage, situated on a spacious lot.
Listed with Tom Safa | 626-486-9135, Safa Real Estate
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/! - Wed, 10 Apr 2024 20:18:00 +0000: $1,450,000 :: 1090 Leonard Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,262 sq ft
Lot Size: 7,319 sq ft
Added: 03/05/24, Last Updated: 04/10/24
Property Type: Single Family
MLS Number: AR24044297
Community: Pasadena (NE)
Status: Sold
Nestled in the serene Upper Hastings Ranch neighborhood of Pasadena, this enchanting 3-bedroom, 2-bathroom house offers a perfect blend of classic charm and modern convenience. This property distinguishes itself with a charming front courtyard, providing a tranquil and inviting entryway. With its cozy fireplace, the living room opens up into a beautifully designed open-concept layout, where the living, dining and kitchen areas merge into one harmonious living space, accentuated by natural light. The kitchen, a chef's delight, is outfitted with stainless steel appliances, granite countertops, and custom cabinetry, offering both style and functionality. The backyard is a private paradise featuring an outdoor spa that promises relaxation and rejuvenation under the stars. A detached garage offers additional storage or could be transformed into a workshop or creative space. This well cared for home also comes with many upgrades including newer roof and windows installed in 2019 and many more. Situated in a desirable Pasadena neighborhood, this home is just moments away from vibrant shopping, dining, schools and parks. With its prime location, this house is not just a place to live but a place to call home.
Listed with Catherine Cheng | 626-440-5100, Berkshire Hathaway HomeServices California Properties
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/! - Wed, 10 Apr 2024 14:43:00 +0000: $1,250,000 :: 485 N Sierra Madre Boulevard, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,796 sq ft
Lot Size: 8,351 sq ft
Added: 03/04/24, Last Updated: 04/10/24
Property Type: Single Family
MLS Number: P1-16733
Community: Pasadena (NE)
Status: Sold
Resting on a tree-lined street in the heart of Pasadena, 485 N Sierra Madre Blvd is a charming 1940s gem full of vintage character. This home has been lovingly maintained and features bright, cheerful spaces that will bring a smile to your face every day. Soft natural light pours in from large windows while the thoughtfully arranged layout effortlessly flows from the inviting living room to the handsome dining area where you'll enjoy views of the majestic San Gabriel mountains. Nearby, the sun-drenched kitchen is the perfect place to prep delicious meals thanks to abundant counter space and cabinetry. The heart of the home is the warm and spacious family room where loved ones will play games and chat around the fireplace after dinner. Sliding glass doors open to a relaxing covered patio and a versatile bonus room rests nearby-the perfect spot for a home office, playroom, or hobby area. Privacy and comfort define the sleeping quarters where a hallway lined with built-in storage leads to three bedrooms, including a spacious primary, and two bathrooms. When it's time to enjoy the sunshine, lush greenery and a refreshing pool and spa await in the peaceful backyard. With Victory Park and scenic Eaton Canyon close by, you can savor the fresh air and explore countless hiking trails any time you want a quick escape into nature. Don't miss your chance to call this charming, well-loved Pasadena home your very own!
Listed with Evangelyn Lin | (626) 807-6581, eXp Realty of California, Inc.
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/! - Wed, 10 Apr 2024 10:11:00 +0000: $857,500 :: 2046 Alta Pasa Drive, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,449 sq ft
Lot Size: 4,387 sq ft
Added: 02/27/24, Last Updated: 04/10/24
Property Type: Single Family
MLS Number: 24363879
Community: Pasadena (NE)
Status: Sold
Craftsman style Pasadena home situated at the end of a peaceful cul-de-sac with partial views of Altadena mountains. Open floor plan and spacious backyard! Some updated flooring. Centrally located close to shopping, grocery stores and schools. NEEDS TLC! Great for the end-user that won't mind updating a few things or the investor/flipper! Sold AS-IS. Multi-car parking on property, also plenty of street parking.
Listed with Tenny Crawford | 310-849-8252, Coldwell Banker 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/! - Wed, 10 Apr 2024 09:31:00 +0000: $1,000,000 :: 542 E Rio Grande Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 844 sq ft
Lot Size: 6,591 sq ft
Added: 02/29/24, Last Updated: 04/10/24
Property Type: Single Family
MLS Number: PF24036186
Community: Pasadena (NE)
Status: Sold
Located in the charming Normandie Heights neighborhood of North Pasadena, this lovely Craftsman home offers a timeless blend of vintage allure and modern comfort. Built in 1922, this historic residence is a true testament to the architectural elegance of its era. As you approach the front entrance, you're greeted by the classic Craftsman aesthetic, with its low-pitched roof, overhanging eaves, and inviting front porch. Upon entry, there is an immediate sense of warmth and nostalgia with original hardwood floors and built-ins, adding to its character and charm. The living room features an inviting fireplace that is perfect for chilly evenings. The elegant dining room includes built-in cabinetry and is adjacent to the thoughtfully updated kitchen including a new dishwasher. There are two cozy bedrooms, both of which are bathed in natural light and provide a tranquil retreat. The shared bathroom includes a vintage cast iron tub for lounging and relaxation. Outside, the spacious, private backyard offers a serene escape, with lush landscaping and a beautifully curated organic garden that includes two fig trees and a pluot tree. Perfect for alfresco dining! In addition there is a converted garage, that is currently used as an art studio. Notably, this residence holds a Mills Act designation. Come see this rare opportunity to own a piece of Pasadena's rich architectural heritage. Minutes from the 210 freeway, the Rose Bowl, Old Town Pasadena , JPL and CalTech.
Listed with Jennifer Wenzlaff | 3234814437, Proper Dwelling
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, 09 Apr 2024 13:07:00 +0000: $1,823,000 :: 149 California Terrace, Pasadena CA, 91105 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,068 sq ft
Lot Size: 8,839 sq ft
Added: 02/26/24, Last Updated: 04/09/24
Property Type: Single Family
MLS Number: PF24035331
Community: Pasadena (SW)
Status: Sold
First time on the market in over 40 years, this charming Craftsman home is nestled just off the picturesque Arroyo Seco and has close proximity to walking trails, The Rose Bowl, Aquatic Center, Norton Simon Museum and Old Town Pasadena. Originally renovated in 2009, this home received another upgrade in 2023 with the addition of a garage conversion, now serving as a stunning 600 sq. ft art studio. With potential for further transformation into an ADU, this space offers up a world of possibilities. The interior of the home features 2 bedrooms, a 3/4 bath, a living/dining room with fireplace, a delightful kitchen with eating area, and a quaint laundry room and beautiful hardwood floors. Outside, immerse yourself in the tranquility of the large porches and patios, along with native gardens shaded in the rear by a majestic oak tree. Experience the essence of California living in this architectural yet modernized sanctuary. This is a probate sale that does not require court confirmation. Property is being sold in it's current/AS-IS condition.
Listed with Gretchen Seager | 626-229-0909, Sotheby's International 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, 09 Apr 2024 12:42:00 +0000: $4,185,000 :: 556 La Loma Road, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 3,292 sq ft
Lot Size: 11,701 sq ft
Added: 03/20/24, Last Updated: 04/09/24
Property Type: Single Family
MLS Number: P1-16916
Community: Pasadena (SW)
Status: Sold
Discerning Pasadena Craftsman gracefully positioned mid-block on an exceptional South Arroyo street - merging historic arts and crafts iconography with present-day amenities for today's lifestyle. Grand paneled foyer greets guests and provides access to the first floor entertainment spaces including; expansive living room anchored by fireplace with custom tiling and formal dining room, with opulent wallcovering and draperies. The kitchen/great room acts as a respite, with a cook's kitchen including Wolf range and custom cabinetry, countertops and finishes - as well as preparation and eating island. The adjoining sunlit great room with peaked roof provides ample casual lounging space. Powder and laundry room complete downstairs.The second floor offers a primary wing with fireplace, updated bathroom and walk-in closet ensuite. Central hall, linen closet, lovely full bathroom and two additional bedrooms upstairs, each with complementary sun rooms.Wrap around rear patio, built-in bbq and in-ground spa directly accessible from the kitchen great room and leads to the private yard with stately mature oak, detached three car garage and covered carport. Flexible basement. Recent system upgrades. Large window apertures bathe light throughout.
Listed with George Penner | (626) 807-8558, 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/! - Fri, 05 Apr 2024 15:55:00 +0000: $7,950,000 :: 1341 Hillcrest Avenue, Pasadena CA, 91106 - Pasadena - Solds - SFR
6 beds, 7 baths
Home size: 7,723 sq ft
Lot Size: 34,117 sq ft
Added: 01/30/24, Last Updated: 04/05/24
Property Type: Single Family
MLS Number: 24344407
Community: Pasadena (SE)
Status: Sold
Classic Italianate-Colonial Revival by G. Lawrence Stimson one block from the Langham. Nearly three-quarter acre of gated serenity and over 7,000 square feet of main house, finished basement, and guest house for a total of 6 bedrooms, 7 baths, den/sunroom, family room, newer kitchen, basement conference and media rooms. Motor court, pool, dining terrace, gazebo, elevator.Epitome of Pasadena's Gilded Age. House: 6095 SQ/FT, Finished Basement: 1363 SQ/FT, Guest House: 265 SQ/FT.
Listed with Mike Deasy | 310-275-8880, 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/!
