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. 🙂
- Tue, 17 May 2022 15:36:00 +0000: $860,000 :: 557 Flower Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 728 sq ft
Lot Size: 2,431 sq ft
Added: 04/23/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: P1-9192
Community: Pasadena (NE)
Tract: Not Applicable
Status: Sold
Welcome to this charming 1921, turnkey bungalow, located on a tree- lined street in a desirable neighborhood. This renovated home, has delightful curb appeal offering a beautiful drought tolerant front yard with a built-in bench. The interior of the home has been freshly painted throughout with neutral colors. The light-filled living room has new quality vinyl floors, that flow throughout the entire home. The cozy dining room opens to the living area. The bright kitchen has butcher block counter tops, white cabinets with soft close drawers, tile backsplash, new stainless steel appliances, stackable washer, and dryer. The bathroom has subway tile in the shower bath combo, tile flooring, and vanity complete the newly updated look. There are 2 spacious bedrooms. The private gated side yard is perfect for entertaining and outdoor dining year-round, with beautiful views of the mountain. It includes planter boxes, potted plants with drip system, and automatic Rain Bird sprinkler for easy maintenance. There is a detached one car garage with shelving. This home is close to Christmas Tree Lane, Old Town Pasadena, Rose Bowl, hiking trails, restaurants, stores, schools, and so much more!
Listed with Sylvia Horlacher | (626) 298-9282, 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/! - Tue, 17 May 2022 12:26:00 +0000: $1,370,000 :: 1879 E Orange Grove Boulevard, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,499 sq ft
Lot Size: 10,577 sq ft
Added: 04/07/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: PF22069415
Community: Pasadena (NE)
Status: Sold
Built in 1923, this pristine home is located on one of the most coveted streets in North East Pasadena. Featuring 3 bedrooms and 2 bathrooms, this home has been updated throughout. You are welcomed with an inviting porch. Enter the spacious living area boasting an abundance of natural light, hardwood floors, built-ins and a cozy fireplace. Separate dining room with access to the side yard with mature fruit trees. The custom kitchen offers marble floors, an island, stainless steel appliances and tile backsplash. Two bedrooms share one bathroom while the 3rd bedroom could double as an office/den and has a half bath right off the kitchen with it's own access to the expansive backyard. A detached garage with abundant storage offers plenty of possibilities. Access to the garage through the rear alley. Plenty of room to park an RV. Lots of fruit trees on the lot including: grapes, apple, citrus, pomegranate, peach, fig, guava, tangerine, Camilla, passion fruit and much more. Within close proximity to the 210 freeway, restaurants, shopping, parks, metro, Old Town Pasadena and Paseo Colorado. This home has a ton of character and endless possibilities for expansion. Move in ready and a MUST SEE!
Listed with Sylva Khayalian | 310-409-2885, 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, 17 May 2022 12:07:00 +0000: $1,500,000 :: 448 Tamarac Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,500 sq ft
Lot Size: 12,890 sq ft
Added: 03/01/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: CV22041522
Community: Not Defined
The price of this listing was last reduced on 3/30/2022 by 1%
Status: Sold
First time on the market for this charming 1941 home that includes the adjacent lot! This property offers an exceptional opportunity to own a home in the desirable San Rafael Hills neighborhood with lots of room for expansion or possibly even a second home. Featuring views of the neighborhood and hills this property is close to Eagle Rock, Old Town Pasadena, and transportation, yet is removed from the hustle and bustle. Tree lined streets, and beautiful homes surround this property and it is not to be missed. Plans were originally drawn with a downstairs bedroom and bathroom which was later built but not on title. Second lot is over 7000 square feet and located on corner of Tamarac and La Loma and features driveway access. Buyer to do own due diligence.
Listed with JADE KNIGHT | 626-335-8118, CORCORAN GLOBAL LIVING
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, 17 May 2022 11:26:00 +0000: $820,000 :: 160 E MOUNTAIN Street, Pasadena CA, 91103 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,048 sq ft
Lot Size: 1,804 sq ft
Added: 03/31/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: 22140069
Community: Pasadena (NW)
Status: Sold
This Deerfield Colonial 2 story home with a slight modern twist features an open floor concept with travertine tile flooring throughout the first floor. Home also includes a private laundry room with ample storage space and has entry access to the side of home. Kitchen features granite countertops with subway tile backsplash and stainless steel appliances. Laminate floors throughout stairway and bedrooms. Home also features a cupboard under the stairs as additional storage closet. Both bedrooms are generous in size and bring in natural light. Primary bedroom features a private, elongated L shaped balcony that is perfect for relaxing or private gardening. Full bathroom renovation done in April 2021 featuring brand new copper plumbing, porcelain tile flooring, air vent, water efficient toilet, glass door shower, and a recessed medicine cabinet above the vanity. The entire home is equipped with dimmable recessed lighting, plantation shutters, central AC/heat and dual pane windows. Energy efficient new roof recently installed in 2017. Home also includes a tankless water heater and garage unit comes with built in cabinets for additional extra storage. The rear of the home has an area perfect for gardening or BBQ'ing, along with an additional shaded gated space. Private remote accessed gate for security. Minutes to Old Town Pasadena, El Paseo, lots of Shopping Sites and Restaurants, The Rose Bowl, Metro Gold Line and more.
Listed with Laura Palma | 310-993-7998, Keller Williams Beverly Hills
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, 17 May 2022 11:17:00 +0000: $750,000 :: 769 Boylston Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,191 sq ft
Lot Size: 7,441 sq ft
Added: 02/25/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: BB22037275
Community: Pasadena (NW)
The price of this listing was last reduced on 4/14/2022 by 3%
Status: Sold
Incredible Opportunity To Own An Original and Unique Adirondack Style Architecture Craftsman Property Designed & Built By The Famous Roycroft Group With Materials Imported From East Aurora, NY. Property Is Adjacent To Bungalow Heaven & Orange Heights In Beautiful Pasadena, With Tremendous Upside! Featuring A Large Expansive Lot, Build an ADU In The Back, The Possibilities Are Many. Calling Those Who Are Enthusiastic Toward Taking On A Renovation Project!
Listed with Oscar Carlos | 888-584-9427, Exp Realty of CA 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/! - Tue, 17 May 2022 04:16:00 +0000: $1,050,000 :: 1948 JUANITA Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,362 sq ft
Lot Size: 6,295 sq ft
Added: 04/07/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: 22142839
Community: Pasadena (NE)
The price of this listing was last reduced on 4/8/2022 by 4%
Status: Sold
A charming bungalow in northeast Pasadena. Nestled in the neighborhood of similar homes, this house features two full baths; a covered front porch; a large living room with a tiled fireplace; a separate dining room; a "bonus" room that can be used as an office or a den; a kitchen with granite counters, a pantry, and a breakfast area; a master suite with a fireplace, en-suite bath, and a sliding door with access to the back yard; and two additional bedrooms that share a bathroom with a built-in cabinet. The property includes a long driveway that leads to the detached garage in the back and a backyard, offering plenty of parking space for the owners and their guests to enjoy the California sunshine. A perfect home in beautiful Pasadena, don't wait, won't last.
Listed with Artur Elizarov | 323-326-7657, DreamHome Realty Group, 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, 16 May 2022 19:55:00 +0000: $1,786,000 :: 981 N Garfield Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 2,363 sq ft
Lot Size: 7,462 sq ft
Added: 04/05/22, Last Updated: 05/16/22
Property Type: Single Family
MLS Number: P1-8932
Community: Pasadena (NW)
Tract: Not Applicable
Status: Sold
Historical Garfield Heights Craftsman .Gorgeous two-story craftsman built in 1910.Home features four bedrooms and two bathrooms. Original interior details including box beam ceilings, wainscoting, original hardware and cabinetry. Leaded glass cabinets and decorative fireplace add charm and integrity to this beautiful home.Spacious and elegant with formal dining room and beautifully restored kitchen and renovated bathroom. California basement and ample closet and storage space.Private and landscaped gardens with mature trees and plants. Lovely patio, perfect for entertaining!House is located in Garfield Heights Historical Landmark District. Buyer to verify with association what building restrictions there may be. House has Mills Act property tax incentive attached.
Listed with Alison Gilbert | (310) 266-4362, 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/! - Mon, 16 May 2022 16:16:00 +0000: $1,790,000 :: 185 Sequoia Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,914 sq ft
Lot Size: 7,711 sq ft
Added: 04/06/22, Last Updated: 05/16/22
Property Type: Single Family
MLS Number: P1-8881
Community: Pasadena (SW)
Tract: Not Applicable
Status: Sold
They fell in love with the house the minute they walked inside. And as the years passed, their love only grew. Mornings almost always started with a steaming cup of coffee in the living room, admiring the unbelievable view of the San Gabriel Mountains. And they were thrilled to discover their little pocket is made up of friendly, diverse, and considerate neighbors who often exchange gifts of homemade cookies or bottles of wine during the holidays. Perched high atop San Rafael Hills, 185 Sequoia was their retreat from the hustle and bustle. Not many folks have reason to drive on the street, so things are quiet and peaceful. But, it's just a short car ride down to the lovely cafes in Eagle Rock and Old Town Pasadena. When feeling jaunty, they would walk. They loved how each season brings its own delights. Monarch butterflies flutter along the front yard plants in the summer while hummingbirds are present in the backyard year round. It's a private oasis back there with fruit trees lining the upper terrace area, offering a bounty of delicious apples (great for baking in the oven during winter!), oranges, limes, figs, and tangerines. With such a beautiful home, entertaining was frequent and fabulous. Cocktails and canapes on the backyard deck easily transitioned to dinner with great wine and even better conversation inside. And the views... Oh, those views...
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/! - Mon, 16 May 2022 13:07:00 +0000: $1,282,000 :: 2281 E Mountain, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,753 sq ft
Lot Size: 7,249 sq ft
Added: 04/06/22, Last Updated: 05/16/22
Property Type: Single Family
MLS Number: SB22068275
Community: Pasadena (NE)
Status: Sold
Spacious home with an exceptional floorplan - in the desirable Casa Grande neighborhood. The welcoming front porch and striking 'red brick' door opens to a generous great room surrounded by oversized windows. Wonderful front and back yard plus garden areas in this 7200+ square foot lot. A rarity, a seldom seen basement in this home ideal for storage or hide and seek! Private and gated driveway leads to a handyman's dream garage with separate enclosed storage room.
Listed with Jane Sager | 310 748-0677, Re/Max Estate 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/! - Mon, 16 May 2022 12:16:00 +0000: $1,750,000 :: 465 S Santa Anita Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 1,983 sq ft
Lot Size: 7,101 sq ft
Added: 04/15/22, Last Updated: 05/16/22
Property Type: Single Family
MLS Number: OC22072231
Community: Pasadena (SE)
Status: Sold
The custom-built house was completely rebuilt in 2019 from the ground up and features 3 bedrooms, 3 bathrooms, and a separate space for an office or den. This house is packed with brand new features including new electrical wiring throughout the house and two 240V outlets in the garage for EV charging capability, new copper plumbing throughout the house, a tankless water heater, new heating, ventilation, and air conditioning (HVAC) system, 5-ton central AC and furnace unit with split unit AC for the office, quality solid oak hardwood flooring, new double-paned Milgard windows and French doors, a finished garage, drip irrigation system for drought-tolerant landscaping, a new gated concrete/pavers driveway, new wood fencing, completely remodeled kitchen with a Kitchenaid 6-burner range top and double oven, a huge custom-made wood countertop, remodeled bathrooms throughout, new washer/dryer connections inside the house with utility sink, and custom closet systems in the bedrooms. This house is centrally located near Old Town Pasadena with convenient access to freeways, restaurants, and shopping.
Listed with John Ly | 626-975-8259, Realty One Group West
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/!
