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. 🙂
- Wed, 12 May 2021 11:48:00 +0000: $2,475,000 :: 450 S Arroyo Boulevard, Pasadena CA, 91105 - Pasadena - Solds - SFR
5 beds, 3 baths
Home size: 2,572 sq ft
Lot Size: 16,989 sq ft
Added: 04/13/21, Last Updated: 05/12/21
Property Type: Single Family
MLS Number: P1-4176
Community: 647 - Pasadena (SW)
Tract: Not Applicable
Status: Sold
This unique Lower Arroyo Seco Historic District property is located on a 17,049 SF lot on the eastern edge of the Arroyo Seco in a private, tranquil setting. Set amongst a backdrop of mature trees on this curvilinear street, the home is oriented to take advantage of the sunset views of the Arroyo and this natural setting. This property consists of 3 structures: a restored 1909 Arts and Crafts style two story 1,962 SF single-family residence, a private 610 SF guest house with one bedroom, one bathroom, a living room with fireplace and a small kitchen, and an oversized (550 SF) newer construction garage with fire sprinklers. The property has a property tax-saving Mills Act contract in place. The yard was thoughtfully re-landscaped by Canterbury Landscaping attracting butterflies and stopping many a passerby to enjoy the beauty of the garden, the variety of mature trees and the handsome architecture of the house. Enjoy some respite from the hustle and bustle of city living!
Listed with Sarah Rogers, 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, 11 May 2021 18:43:00 +0000: $1,314,000 :: 1937 Monte Vista Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 2,132 sq ft
Lot Size: 7,406 sq ft
Added: 04/12/21, Last Updated: 05/11/21
Property Type: Single Family
MLS Number: P1-4161
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
Beautifully remodeled Traditional home on a corner lot located on a wide tree lined street in a prime area of Northeast Pasadena. The house faces South and features an open floor plan with gleaming hardwood floors. The cozy living room with fireplace make a perfect area for entertainment. The gourmet and spacious kitchen remodeled with custom cabinetry and Granite counters and stainless steel appliances opens up to a spacious family room. The well appointed dining area next to a dry bar adds to the charm of the house. The two master suites with beautiful bathrooms and two additional bedrooms make this home an ideal living space. There is also a separate laundry area. A beautiful front yard surrounded with picket fence and an enclosed back yard add to this beautiful home. This is a must see!
Listed with Shideh Yazdizad-Adams, 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, 11 May 2021 17:40:00 +0000: $2,750,000 :: 2135 Kinclair Drive, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 5 baths
Home size: 3,264 sq ft
Lot Size: 30,928 sq ft
Added: 04/05/21, Last Updated: 05/11/21
Property Type: Single Family
MLS Number: 320005588
Community: 646 - Pasadena (NE)
Tract: Not Applicable-646 (NA646)
Status: Sold
Paradise Found. Magnificent Southwest contemporary designed by Rob Tyler with spectacular unobstructed views of sparkling city lights to downtown Los Angeles. Prestigious Kinneloa Estates residence in a private gated community features meticulous construction with careful attention to detail. Secured courtyard entry opens to an immense luxury resort like front yard featuring a black-bottom pool and zen landscaped grounds with relaxation fountain, rare plants and elegant landscape lighting. Bright and airy open floor plan with 14 foot high ceilings, hardwood floors and walls of glass. Chef's kitchen with granite countertops, custom Douglas fir wood cabinets, and stainless steel appliances. Backyard defines quintessential outdoor living and features custom built in ground infinity edge hot tub with multiple cascading waterfalls, fireplace, and tropical lighting creating a peaceful oasis to capture the breathtaking views of the city lights and beyond. Detached guest house with kitchenette and bath is perfect for a guest casita or a serene and private home office.
Listed with Sharon Hills, Kobeissi Properties 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, 11 May 2021 15:48:00 +0000: $790,000 :: 1755 N Los Robles Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,065 sq ft
Lot Size: 9,148 sq ft
Added: 03/20/21, Last Updated: 05/11/21
Property Type: Single Family
MLS Number: P1-3851
Tract: Other
Status: Sold
Cozy and bright 2 bedroom & 1 bath home on a large lot. Fresh interior and exterior paint! Hardwood floors refinished. Electrical outlets updated in the last 24 months. Dual pane windows. Recently relandscaped. Enjoy the patio area and fruit trees with views of the San Gabriel Mountains. One car garage and additional two carports. Ample lot size, ideal for home expansion or ADU.
Listed with Leonard Diaz, 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/! - Mon, 10 May 2021 18:04:00 +0000: $1,150,000 :: 1667 Kenilworth Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 1,854 sq ft
Lot Size: 6,404 sq ft
Added: 02/10/21, Last Updated: 05/10/21
Property Type: Single Family
MLS Number: 21690110
Community: 645 - Pasadena (NW)
Status: Sold
Welcome to this beautiful and fully remodeled home on an idyllic tree lined avenue in Pasadena. The owners invested an innumerable amount of time and effort to reimagine this home into the modern yet cozy home it is today. From the HVAC/ducting, plumbing, electrical, doors, windows, floors, and ceilings. The home is replete with sophisticated design features yet, feels homey and safe as soon as you walk up the wonderful porch steps. The living room ceiling soars to the majestic beams. The spa-like master bath will have you pampering yourself for hours. Most importantly in todays world, you have a converted garage that is perfect for home schooling. THIS is the perfect family home.
Listed with Michael Vorobiev, 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, 10 May 2021 16:52:00 +0000: $1,365,000 :: 235 San Miguel Road, Pasadena CA, 91105 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 1,572 sq ft
Lot Size: 9,148 sq ft
Added: 03/24/21, Last Updated: 05/10/21
Property Type: Single Family
MLS Number: OC21063289
Community: 647 - Pasadena (SW)
Status: Sold
Call your contractors! You're gonna need them for this single level, 1925 English Tudor Cottage FIXER in West Pasadena's coveted San Rafael neighborhood! It features high barrel ceilings, hardwood floors, and an original vintage full bath. Technically it's a 2 bdrm, but the spacious den/office could be a great 3rd bdrm. It has mostly original features except for the 60s gas range, an added half-bath & some newer dual-pane vinyl windows. This home needs and deserves extensive work from top to bottom, inside and out; but its charming curb appeal, large front and rear yards, idyllic neighborhood, and sweet location will make it worthwhile. It has so much potential! In case you're looking for them, the 50 gal electric water heater and natural gas gravity furnaces are located in the sub-basement - small access door in bkyd. The roof age and material are both unknown. TRUST SALE, selling AS-IS.
Listed with Debbie Karimoto, HomeSmart, Evergreen 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/! - Mon, 10 May 2021 11:24:00 +0000: $5,900,000 :: 460 Lakeview Road, Pasadena CA, 91105 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 8,900 sq ft
Lot Size: 31,364 sq ft
Added: 03/24/21, Last Updated: 05/10/21
Property Type: Single Family
MLS Number: P1-4060
Community: 647 - Pasadena (SW)
Tract: Not Applicable
Status: Sold
Embraced by .72 enchanting acres in Pasadena's South Arroyo, this Monterey Colonial masterpiece blends timeless elegance and modern luxury with immaculately landscaped grounds that earned it a Golden Arrow Award from the Pasadena Beautiful Foundation. The 8,900 sq ft estate showcases 5 bedrooms, all upstairs, plus 6 bathrooms, abundant storage, and 4 private balconies overlooking a terraced patio and pool yard with over a dozen fruit trees, berry bushes, gated motorcourt and 3-car garage. Inside, an airy 2-story foyer reveals formal dining and living with a fireplace, each swimming in natural light. The gourmet kitchen boasts a breakfast nook, butler's pantry and top-of-the-line appliances, while a second fireplace family room and brilliant sunroom offer endless opportunity to wine, dine and regale your guests. Extensive built-ins are displayed throughout, including in the fabulous game room with skylight and full bath, leading to a large gym/multipurpose room with vaulted ceilings. An upstairs sitting area proceeds to 5 bedrooms with large walk-in closets and 3 en-suite baths, a hall bath with balcony, and an office and laundry. The lavish primary suite features windows on 3 sides, vaulted ceilings, private fireplace and balcony, and a decadent bath with a huge dressing room closet. Unwind in the pool and entertain in ultimate luxury, all secluded by the award-winning surroundings of this pristine Pasadena retreat. Come see it for yourself, call today for a tour!
Listed with Timothy Durkovic, 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/! - Sat, 08 May 2021 05:24:00 +0000: $825,000 :: 1901 Newport Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 984 sq ft
Lot Size: 7,406 sq ft
Added: 03/08/21, Last Updated: 05/08/21
Property Type: Single Family
MLS Number: OC21049269
Community: 645 - Pasadena (NW)
Status: Sold
This charismatic bungalow is located on a tree-lined small street close to the Rose Bowl, 210 highway, JPL, Brookside Golf and old town Pasadena. The house flows from the open living and dining area through to the bright and airy kitchen and laundry area. Two bedrooms with large windows and great closet space. Enjoy the spacious 7,208 sqft backyard, overlooking fruit tress, with views of the San Gabriel mountains and plenty space to add an ADU or a pool. Two car detached garage with over sized / extended drive way. This beautiful home won’t last and is sure to please!
Listed with Regina Chen, 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/! - Fri, 07 May 2021 18:43:00 +0000: $1,250,000 :: 2710 Deodar Circle, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 1,548 sq ft
Lot Size: 10,019 sq ft
Added: 04/15/21, Last Updated: 05/07/21
Property Type: Single Family
MLS Number: P1-4214
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
This charming 2BR+DEN traditional style home, situated on an almost 10,000 sq ft lot on desirable Deodar Circle, is a perfect example of why 1940s homes in Pasadena are still timeless and highly sought after even today. Light filled rooms, original hardwood flooring, curved walls and casement windows can be found throughout. Enter to find a spacious living room featuring a large corner picturesque window, recessed lighting and mosaic tiled fireplace. A dining area opens onto the rear patio and is adjacent to a light filled kitchen with eating area. Two well sized bedrooms off a central hall share a full bathroom. A den (additional bedroom suite option) features its own renovated 3/4 bath with intricate tile work. The expansive flat backyard with privacy hedge and fruit trees is perfect for hosting friends and enjoying the yearly Rose Parade in the comfort of your own home. The three car garage with extra 1/2 bath and oversized driveway provide plentiful parking and convenience. Current owners have architectural plans (in the permit process at the city) to modernize the existing floor plan with a great room as well as converting the existing three car garage into an ADU. Take advantage to make this the home you've been waiting for!
Listed with Grace Chang, 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/! - Fri, 07 May 2021 18:13:00 +0000: $875,000 :: 300 Macdonald Street, Pasadena CA, 91103 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 1,398 sq ft
Lot Size: 5,228 sq ft
Added: 03/02/21, Last Updated: 05/07/21
Property Type: Single Family
MLS Number: 21697320
Community: 645 - Pasadena (NW)
Status: Sold
Classic Mid-Century gem with open layout for living, dining, and kitchen. 4 bedrooms, 2 full bathrooms with tile showers and floors, marble counters, upgraded light fixtures. Master suite at the back of the house, with its own private entrance/exit to Zen garden. Kitchen has granite countertops, island, newer garbage disposal and fixtures, energy efficient appliances that stay with the property. Large laundry / utility room with granite topped cabinets; energy efficient washer (2020) and dryer (2012) stay with the property. Butlers pantry with extra storage, granite counters, and built-in wine glass rack. Lush landscaping - European motif w/mature olive tree in the front and a relaxing zen garden with river rock, Japanese Maple, bamboo, and pea gravel walkways in the back. Fully fenced back yard. Sprinkler and drip system front and back, with a timer. Large covered porch and sandstone design with classic mid-century lines. Vivint smart home, including alarm system, camera, thermostats
Listed with Loren Gold, Rodeo Realty - 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/!
