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, 16 Nov 2020 11:49:00 +0000: $7,053,100 :: 870 S San Rafael Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
6 beds, 8 baths
Home size: 6,177 sq ft
Lot Size: 54,886 sq ft
Added: 03/26/19, Last Updated: 11/16/20
Property Type: Single Family
MLS Number: P0-819001293
Community: 647 - Pasadena (SW)
Tract: Other
Status: Sold
Magnificent views, architectural style & tasteful updates have been combined to achieve a truly elegant Pasadena estate. Designed in 1923 by Roland Coate, Reginald Johnson & Gordon Kaufman, this Mediterranean Revival residence commands a lovely knoll overlooking the historic Arroyo Seco. An attractive motor court leads to the entry, w/ powder room & graceful staircase. The public rooms consist of a handsome library / entertainment room, a gracious living room w/ stately fireplace & a formal dining room w/ wainscoting. A bright garden sunroom, a butler's pantry, beautifully updated gourmet kitchen, half bath, laundry & a guest suite w/ handicap-accessible bath complete the main level. Upstairs along the north wing are 4 light-filled bedrooms, 2 en suite & 2 that share a bath. Along the east wing is a spectacular master suite w/bedroom, spacious retreat, luxurious bath & large walk-in closets. The back terrace, outdoor kitchen, firepit / conversation area, pool, spa, outdoor bath & garden provide an exceptional space for the California life style all with quintessential plein air views. The recently remodeled guest house has a newer kitchen, bath & laundry & is adjacent to a 3-car garage. Located up a private drive, this property is secluded & serene.
Listed with Catherine Cheney, 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/! - Sat, 07 Nov 2020 10:49:00 +0000: $960,000 :: 3325 Primavera Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,414 sq ft
Lot Size: 8,712 sq ft
Added: 09/30/20, Last Updated: 11/07/20
Property Type: Single Family
MLS Number: P1-1560
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
This well-maintained home has been with its 2nd owner for the last 44 years, sitting on a quiet tree-lined street in NE Pasadena. Abundant windows invite light into each room. Situated on a sizable lot with possibility of expanding into your dream home (Buyer to verify with City). Upgrades include fresh interior paint, newly refinished hardwood floors, newer AC and copper plumbing. County record shows as two bedrooms. The family room with open bean ceiling and closet can also be used as 3rd bedroom. Conveniently located with easy access to 210 freeway, Whole Foods, Trader Joe's, Hastings Ranch shops and restaurants. With so much to offer, this is a must see!
Listed with J.C. Hsu, 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, 06 Nov 2020 15:58:00 +0000: $1,050,000 :: 745 E Rio Grande Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 1,550 sq ft
Lot Size: 8,209 sq ft
Added: 09/18/20, Last Updated: 11/06/20
Property Type: Single Family
MLS Number: 20634378
Community: 646 - Pasadena (NE)
Status: Sold
Indulge in a piece of history with this stunning Colonial Revival cottage built for Ernest Batchelder's chief colorist and assistant, F.L. Compton in 1916. Compton lived in this iconic home for more than 60 years, creating a true artistic haven of pretty gardens and wonderful tiles that are still on show throughout. The beautiful tile surrounding of the fireplace was reportedly a wedding gift from Batchelder to Compton, ensuring a unique welcome as you step inside this treasure trove of a historical home. There is a formal dining room to the right while the beautiful eat-in kitchen is set at the rear of the layout, along with the den and sunroom. All three bedrooms are contemporary in style, including the three baths. Original period features have been lovingly maintained, from the hardwood floors to the crown molding, and modern updates include a tankless water heater, central air and heat, and a 200-amp electrical panel.
Listed with Dominic Pietrangelo, 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, 06 Nov 2020 15:06:00 +0000: $1,850,000 :: 370 E Glenarm Street, Pasadena CA, 91106 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,445 sq ft
Lot Size: 7,802 sq ft
Added: 06/26/20, Last Updated: 11/06/20
Property Type: Single Family
MLS Number: WS20123269
Community: 647 - Pasadena (SW)
The price of this listing was last reduced on 9/10/2020 by 3%
Status: Sold
Brand New One Story Contemporary Spanish Style home in prestigious "Madison Height" area of Pasadena. This 2445 SF high ceiling new home features a wide open floor plan with thoughtful attention to detail and design. 3 bedrooms, 3 baths plus den/office. The beautiful living room with fireplace and dining area provides an inviting space for your guests. Two bedroom suites have closets and doors opening to side yard. A grand master bedroom suite with walk-in closet, luxurious bath with dual sinks, freestanding tub and shower, doors opening to back yard. The beautiful cook's kitchen enjoys state of the art stainless steel appliances, Farmhouse sink, ample cabinet space and a quartz center island counter top, it opens up to the light filling family room providing a cozy area for your family gatherings. Other features include 2 car garage, laundry room, Ring Doorbell, Alarm System. This is a rare chance to own a brand new single story home in a prestigious area of Pasadena!
Listed with IRENE LIN, KINGSTON 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, 06 Nov 2020 05:37:00 +0000: $710,000 :: 140 N San Marino Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 960 sq ft
Lot Size: 5,994 sq ft
Added: 09/23/20, Last Updated: 11/06/20
Property Type: Single Family
MLS Number: SR20199663
Community: 648 - Pasadena (SE)
Status: Sold
Turnkey California Style Bungalow located on a quiet tree-lined street with mountains views. Close to Pasadena City College, Huntington Botanical Gardens, Hiking at Eaton Canyon and Downtown Pasadena. Everything at your fingertips. This home has great natural light, sunny living rm with wood-burning brick fireplace, laminate hardwood-like flooring and plantation shutters. A convenient and cozy dining area is adjacent. Spacious galley way kitchen with stainless steel appliances. Master Bedroom is very large, perfect for a combination of bedroom/ office or bedroom/sitting area. A large outdoor enclosed covered patio w/a built-in BBQ and fireplace, accessible from both the master and kitchen, makes for a great entertaining space. Also perfect for toddlers, easy to keep an eye on them. This home includes double-pane windows, window treatments, nest thermostat, new roof (2011), tile floors in the Kitchen & Bath, updated plumbing (2019), new stove (2017) and water filter (2020). In the rear yard is a laundry room and 1-car garage. Upside potential to convert the garage into an ADU (aka Guest Unit) and have an income producing property or use as a studio, in-law unit or detached office. The rear yard is fully fenced. The long driveway allows for 3-4 cars. Also included an EV Electric Car Charger (2019). This is a gem and won't last long. Perfect starter home! Book your showings immediately.
Listed with Michelle Weiss, Rodeo 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/! - Thu, 05 Nov 2020 16:58:00 +0000: $1,400,000 :: 2344 Paloma Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 1,957 sq ft
Lot Size: 6,970 sq ft
Added: 09/22/20, Last Updated: 11/05/20
Property Type: Single Family
MLS Number: P1-1421
Community: 646 - Pasadena (NE)
Tract: Other
Status: Sold
Reminiscent of a French countryside- surrounded by lush landscaping, welcome to this beautifully remodeled and sophisticated home. Four bedrooms and three bathrooms, including a master suite with raised ceiling, custom bath and tile work, and walk in closet, a spacious living room with fireplace and adjacent dining area with access to rear covered terrace and backyard, an absolutely amazing kitchen with custom cabinetry, period tile work, dual sinks, stainless steel appliances, large island, and so much more! This elegant home has so much to offer including a 285 sq. ft. finished basement, new plumbing, new sewer, new water heater, all new fixtures, new electrical including panel, all new light fixtures, wired for cable and CAT5 data cable throughout, new HVAC system, combination of new and refinished hardwood floors, several new windows and doors, landscaping with irrigation, new driveway, custom brick work, new stucco, new garage door, way too much to list! This is a must see in the heart of Pasadena!
Listed with Matty Hurtado, 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/! - Thu, 05 Nov 2020 11:30:00 +0000: $1,698,000 :: 1348 Wierfield Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
5 beds, 5 baths
Home size: 4,614 sq ft
Lot Size: 15,682 sq ft
Added: 11/01/19, Last Updated: 11/05/20
Property Type: Single Family
MLS Number: P0-819005315
Community: 645 - Pasadena (NW)
Tract: Not Applicable
Status: Sold
Tuscan inspired villa nestled in Pasadena's premier San Rafael foothills. Experience the luxury of multi terraced balconies overlooking the scenic mountain landscape. California outdoor/indoor entertaining enriched with a jacuzzi spa, heated pool, and auxiliary kitchen. Established ivy adorns the private balconies of the estate providing secluded sanctuaries as you take in the serene sounds of the North Arroyo. The main kitchen is equipped with dual ovens, stainless steel appliances and separate breakfast nook. Captivate your guests in sophistication with formal dining and entertaining rooms. Ample sunlight floods through double paned windows, highlighting the ornate finishes throughout the interior of the home. The second floor features four spacious bedrooms, a conveniently located laundry room and plenty of storage space. The lowest floor offers a dedicated level to entertaining highlighted by an english tavern style bar with seating room for four.
Listed with Joseph Gleason, Vimvi California
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, 04 Nov 2020 09:02:00 +0000: $4,900,000 :: 815 Fairfield Circle, Pasadena CA, 91106 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 6,566 sq ft
Lot Size: 22,652 sq ft
Added: 07/22/20, Last Updated: 11/04/20
Property Type: Single Family
MLS Number: P0-820002822
Community: 648 - Pasadena (SE)
Tract: Not Applicable
Status: Sold
This stunning and dramatic villa was designed by architect Edward C. Kent to mirror the Beaux Arts style of the Villa del Cigliano Winery in Tuscany. As soon as you enter into the two-story salon with dramatic glass ceiling and open balcony, you realize this is an extraordinary home. The breadth of the rooms, craftsmanship, and architectural elements reflected in the the iron work, stonework authentic to the Italian revival period, and intricate tile details throughout, confirm this to be true. The elegant kitchen, designed to the professional specifications for the current owner, a Cordon Bleu-trained chef, is the heart of the home. The second level has three bedrooms in addition to the master suite with his/her dressing rooms and enclosed sleeping porch. Staff quarters are on the first level next to the elevator. A 3/4 bath, changing room, and 1300-bottle wine cellar is accessed from the pool area. A separate guest house is tucked under mature trees across the upper lawn. Ideally situated and artfully composed, Villa Cigliano is configured to host intimate dinners or entertain on a grand scale with equal grace. A truly special property!
Listed with Tracy Alderson, 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/! - Wed, 04 Nov 2020 05:44:00 +0000: $689,000 :: 514 W Washington Boulevard, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,708 sq ft
Lot Size: 10,237 sq ft
Added: 09/23/20, Last Updated: 11/04/20
Property Type: Single Family
MLS Number: P1-1426
Community: 645 - Pasadena (NW)
Tract: Not Applicable
Status: Sold
This 3 bedtoom property has a ton of potential and including a large lot. Close to transportation, local businesses and the Rose Bowl.
Listed with Lynnette West, Westlyn Realtors
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, 03 Nov 2020 16:59:00 +0000: $1,468,500 :: 1886 Kinneloa Canyon Road, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,960 sq ft
Lot Size: 51,837 sq ft
Added: 09/09/20, Last Updated: 11/03/20
Property Type: Single Family
MLS Number: P1-1265
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
Stunning 3bed/2bath Mid-Century Modern house built solid that while retaining the classic originals, has been re-designed and extensively remodeled to become a SPECTACULAR contemporary home ornate with mature Oaks in a 1.198 acre lot situated in the foothills of the Kinneloas. Open floor plan! The towering door welcomes you to the foyer with slate floors while the large living room showcases beautiful exposed wood beams throughout, with the gorgeous slate fireplace as the focal point. Breakfast nook set against large windows overlooks the patio setting. Cook like a chef in the contemporary kitchen beaming with all new modern energy efficient stainless steel appliances. The spacious formal dining is light filled with a view of the lovely patio and backyard. The Master bedroom features en-suite modern bathroom and has the perfect view of the yard in its magical forest-like setting. The 2nd and 3rd bedrooms are bright and spacious with the unique lighted valances. Other notable amenities include zoned per room heating and A/C, all wood floors, laundry room, new electrical and copper plumbing, new roof, new exterior and interior paint. Security at its best with front and back cameras and Ring doorbell! Pulling up the circular driveway is a breeze with the new vinyl fence equipped with electric gates! A clean, modern bonus room with separate entry complete the package! Don't miss this opportunity. Come, be swept away by this spectacular house and make it your own private sanctuary
Listed with Amy Ponce, 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/!
