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. 🙂
- Mon, 29 Nov 2021 03:24:00 +0000: $5,080,000 :: 685 Oak Knoll Circle, Pasadena CA, 91106 - Pasadena - Solds - SFR
5 beds, 7 baths
Home size: 4,855 sq ft
Lot Size: 37,462 sq ft
Added: 10/11/21, Last Updated: 11/29/21
Property Type: Single Family
MLS Number: PF21216682
Community: Pasadena (SE)
Status: Sold
First time on the market in 60 years, this grand two-story Mission Revival estate was designed by Joseph J. Blick in 1913 and sits on nearly a flat acre of land with mature trees and grassy yard areas, a tennis court, pool, pool cabana with ¾ bath, and a lovely covered dining pavilion. Nestled between the historic Oak Knoll and Madison Heights neighborhoods, this home features wonderful original details throughout including a porte-cochere, large front porch, crown molding, wainscoting, hardwood floors, large windows, and built-in bookshelves. On the main floor is a beautiful formal entry, spacious living room with fireplace, library/den with fireplace, formal dining room with French doors out to a brick patio, powder room, laundry, and kitchen with breakfast room. Upstairs is the primary bedroom with full bath and dressing area, along with four other bedrooms. Two of the bedrooms - one of which has a fireplace - share a jack-and-jill bath, while the other two are en suite. There are also two sunrooms overlooking the rear yard that could function as home offices or craft rooms. Additionally, there is an expansive third floor attic that provides endless possibilities. Ample parking with detached 2 car garage and motor court. This is a wonderful and unique opportunity to renovate an architectural estate with close proximity to Polytechnic School, Lake Avenue's shopping/dining district and The Langham Hotel.
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/! - Sat, 27 Nov 2021 03:15:00 +0000: $710,000 :: 710 Mira Monte Place, Pasadena CA, 91101 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 923 sq ft
Lot Size: 1,743 sq ft
Added: 08/19/21, Last Updated: 11/27/21
Property Type: Single Family
MLS Number: DW21183999
Community: Pasadena (SW)
The price of this listing was last increased on 10/6/2021 by 4%
Status: Sold
This charming home in the Pasadena Playhouse District located walking distance to restaurants, shops, bus stops, and grocery stores! It is 5 minutes away from the freeway and Metro Gold Line. This home offers 2 bedrooms, and 1 bathroom, with character features, and wonderful natural light you'll be in a cozy abode. Built-in buffet and storage. Newly painted exterior and interior. The kitchen opens to a very private backyard with a wood deck. Why purchase a Condo or town-home when you can purchase a home? Most HOA's on average are $350. If your HOA is $350 you will play $4,200 in one year. In 30 years you would have paid $126,000 JUST in HOA fees! This property is being sold AS IS. THIS PROPERTY MAY ALSO BE ZONED COMMERCIAL BUT MUST CHECK WITH APPROPRIATE CITY DEPARTMENT TO VERIFY. ALL THE INFORMATION PROVIDED IS DEEMED RELIABLE BUT NOT GUARANTEED.
Listed with Maritza Torres | 323-829-8252, Maritza V Torres
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, 26 Nov 2021 17:43:00 +0000: $2,900,000 :: 200 Los Altos Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 4 baths
Home size: 2,546 sq ft
Lot Size: 77,102 sq ft
Added: 10/11/21, Last Updated: 11/26/21
Property Type: Single Family
MLS Number: P1-7055
Community: Pasadena (NW)
Tract: Not Applicable
Status: Sold
Located on a private road in the prestigious Los Altos Hills, 200 Los Altos Drive offers charming single-story living with irreplaceable, panoramic mountain and city views. This French Regency-style home is sited on 1.77 acres and was skillfully reimagined by architect Frederick R. Weier in 1984. With three ensuite bedrooms, 2,546 square feet of living space, and the expansive outdoor space to curate the lifestyle of your dreams, this home is certainly a special offering. Seated underneath tall trees, the home exterior features a large driveway and manicured landscaping. Inside, herringbone hardwood floors glisten and beautiful built-ins provide the perfect space for your personal library. The living room includes a fireplace and expansive windows that look out to the incredible views. The kitchen offers wood cabinetry, granite countertops, stainless steel double ovens, and a laundry area. Each bedroom provides its own elegant design details and lovely views.Outside is a wonderland, with views of the San Gabriel mountains, city hall, Colorado Street bridge and more. Wander through the sweet garden and verdant landscaping and enjoy a seating area under the pergola, a brick patio, and lush trees. With room to build more on the flat property, great opportunities await. Moments from hiking, golf, and the Rose Bowl, welcome to convenient West Pasadena living. A two-car carport adds ease. For those looking to seize a property bursting with creative possibilities and featuring a spectacular backdrop for life, this home has it all.
Listed with Rita Whitney | (626) 803-2000, 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/! - Wed, 24 Nov 2021 19:35:00 +0000: $4,936,085 :: 355 S San Rafael Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 5 baths
Home size: 3,604 sq ft
Lot Size: 13,068 sq ft
Added: 10/11/21, Last Updated: 11/24/21
Property Type: Single Family
MLS Number: 21793928
Community: Pasadena (SW)
Tract: San Rafael
Status: Sold
Enchanting 1930 Georgian-style Trophy Estate nestled behind an oak tree lined street located in the desirable San Rafael Hills neighborhood of Pasadena. Beyond the magnificent colonial facade this stately character home has undergone an exceptional million-dollar renovation seamlessly blending old world original charm with whimsical modern flair and sophistication. The meticulously owner-remodeled home features an open floor plan that flows from one room to the next with ease. The elegant living room features architectural designer light fixtures, stunning updated fireplace and classic floor to ceiling custom bookshelves. An airy breezeway drenched in natural light with double french doors adjoins the masterfully redesigned chefs kitchen complete with custom hood and range from La Cornue, Sub-Zero refrigerator, with custom marble kitchen island and countertops leading to a sunny breakfast room, inspired by London townhouse conservatories, which overlooks the pristine grassy backyard and inviting freshly tiled and re-plastered pool. Complete with an eclectic formal dining room and foyer this thoughtful 3 bedroom + 5 bath sanctuary is also sited on a spacious and private 13,125 SqFt lot, lending itself to the quintessential California indoor/outdoor lifestyle. Featured in the Los Angeles Times. Upgrades include: new roof, new electrical, new copper plumbing, new hvac, 2 units 8 zones, earthquake retrofitted foundation, new insulation, re-plastered and enforced structural integrity of the pool, saline pool, surround sound, custom design steel doors and windows, automated sky roof, 8 camera security system, converted garage into art room with central ac and sink, La Cornue Cornufe oven and hood and added attic access.
Listed with Shannon Scavo | 714-955-9399, MAISONRE
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, 24 Nov 2021 14:06:00 +0000: $1,240,000 :: 2153 Casa Grande Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,349 sq ft
Lot Size: 6,534 sq ft
Added: 10/19/21, Last Updated: 11/24/21
Property Type: Single Family
MLS Number: P1-7167
Tract: Not Applicable
Status: Sold
Located in the coveted Casa Grande neighborhood of Pasadena, this beautiful 1927 Traditional home with studio exudes architectural detail and light-filled livability. A welcoming entry opens to a charming living room with fireplace, hardwood floors and views of the front lawn. The dining room is adjacent to the bright and spacious kitchen with breakfast nook. There are three bedrooms and two bathrooms, including a primary suite with two sets of French doors that lead to the inviting, pavered patio. The studio/converted garage with laundry is a convenient work-from-home option. The backyard is filled with lush landscaping, including a spectacular avocado tree, Meyer lemon tree and a large grassy area. The yard is fully fenced with a gated driveway. This wonderful property is conveniently located near Victory Park, schools, shopping & dining.
Listed with Heather Scherbert | (818) 903-3393, 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/! - Tue, 23 Nov 2021 21:14:00 +0000: $760,000 :: 1753 Mentone Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 772 sq ft
Lot Size: 5,228 sq ft
Added: 10/20/21, Last Updated: 11/23/21
Property Type: Single Family
MLS Number: P1-7159
Community: Pasadena (NW)
Tract: Not Applicable
Status: Sold
Welcome home to this charismatic traditional cottage house located on a quiet Pasadena tree-lined street. The home is very welcoming with the picket fence, the lush grassy front yard with various trees. Entering through the front door is the open floor plan from the living room to the dining room area. The very well maintained kitchen has a lot of storage space and the laundry is conveniently located in this space. Featuring two bedrooms along with one bathroom this home has central air, well maintained floors and has been freshly painted. The property is featured with a large back yard that recently has been updated with new grass which is perfect for entertaining. Don't let this opportunity pass you by! Located in the heart of Pasadena just minutes to Old Town Pasadena, The Rose Bowl, Art Center, JPL and historic hiking trails, this home is ready for you to move in and call it HOME.
Listed with Tara Fidanian | (818) 536-3456, Redfin Corporation
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, 23 Nov 2021 11:24:00 +0000: $800,000 :: 1454 E Elizabeth Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,008 sq ft
Lot Size: 4,792 sq ft
Added: 10/18/21, Last Updated: 11/23/21
Property Type: Single Family
MLS Number: PF21228911
Community: Pasadena (NE)
Status: Sold
Cute bungalow with front porch. 2 front doors. Three bedrooms with 1 bath. Built in hutch and bookshelves in living room / dining area combination. Large kitchen with small pantry and stove. Linen closet in hallway. One bath with a shower over a lion claw tub. One bedroom does not have a closet. Basement . Central air. Laundry room attached to 1 car garage. Attic access in hallway. Corner lot. Fenced front yard. Tax records show 2 bedrooms with 1 bath.
Listed with Enrique Lizarazu | 6266391683, Deasy Penner Podley
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, 23 Nov 2021 10:44:00 +0000: $1,450,000 :: 807 Las Palmas Road, Pasadena CA, 91105 - Pasadena - Solds - SFR
2 beds, 3 baths
Home size: 1,907 sq ft
Lot Size: 4,356 sq ft
Added: 10/07/21, Last Updated: 11/23/21
Property Type: Single Family
MLS Number: 21789300
Community: Pasadena (NW)
Status: Sold
This home is an extraordinary jewel-box with a rare and pedigreed history. The unique property was originally built as an olive barn with stone walls dating back to 1885. It was later remodeled by noted Pasadena architects Marston, Van Pelt and Maybury in 1927. Currently configured with one bedroom plus a den, the home draws on craftsman elements while retaining a light and bright environment with high ceilings, oversized French doors opening to the garden, walls of bookshelves in the large living room and a cozy fireplace. The formal dining room is comfortable yet quite refined with a delightful butlers pantry and French doors to the garden. A beautifully updated kitchen opens to the side garden and vine-covered carport. Upstairs is a light and open den area and a beautiful bedroom suite with a large and elegant bathroom and walk-in closet. This exquisite treasure is a rare piece of Pasadena history, not to be missed.
Listed with Greg Holcomb | 310-435-3711, Douglas Elliman 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/! - Mon, 22 Nov 2021 17:14:00 +0000: $1,550,000 :: 2610 Las Lunas Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,816 sq ft
Lot Size: 7,406 sq ft
Added: 08/08/21, Last Updated: 11/22/21
Property Type: Single Family
MLS Number: P1-7071
Community: Pasadena (NE)
Tract: Not Applicable
Status: Sold
Beautiful traditional home located on a lovely tree-lined street in Pasadena. This home offers a well designed floor plan perfect for entertaining family and guests. The spacious lay out of the home boasts an open floor plan with a well appointed living room, a formal dining room that opens to the beautiful kitchen -with Quartz counter tops, Kitchen Aid stainless steel appliances and beautiful kitchen cabinets. There are three spacious bedrooms and two large bathrooms. Additional features include - recessed lighting though out, hardwood flooring, dual pane windows, copper plumbing, updated electoral and newer HVAC system. New exterior and interior paint. Automatic sprinkler system, two car detached garage and a rain gutter system. A true gem on a lovely street - close to shops, restaurants, and entertainment!
Listed with Suzanne Hazel | (626) 429-8600, Sotheby's International Realty, 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/! - Mon, 22 Nov 2021 14:04:00 +0000: $890,000 :: 1377 Rutan Way, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 920 sq ft
Lot Size: 4,356 sq ft
Added: 08/29/21, Last Updated: 11/22/21
Property Type: Single Family
MLS Number: PW21191363
Community: Pasadena (NE)
The price of this listing was last reduced on 10/13/2021 by 3%
Status: Sold
Back on the market. Don't miss out on the opportunity to own a Craftsman-influenced 1924 home in Normandie Heights with many original characteristics including white oak flooring, a grand fireplace, high ceilings, and french doors to a side-porch off the dining room. This house has been updated to bring many lovely amenities including new 200 amp electrical service, brand new central HVAC, inside laundry, motion sensor LED lighting in main rooms, and recessed lighting throughout. It is also beautifully landscaped on drip and sprinkler systems with drought-tolerant California natives in the front, modern grass yard/zen studio in the back. The sliding doors off the master bedroom lead to a spacious IPE deck giving this home all the al fresco that California is known for. The yard also features mature fig, avocado, and lemon trees. This is one charming home on a beautiful pride of ownership street- come and get it while it lasts.
Listed with Jennifer Shin | 562-804-1385, Coldwell Banker Coastal Alliance
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/!
