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, 26 Sep 2023 12:07:00 +0000: $1,290,000 :: 20 Oak Knoll Gardens Drive, Pasadena CA, 91106 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 1,225 sq ft
Lot Size: 4,008 sq ft
Added: 08/14/23, Last Updated: 09/26/23
Property Type: Single Family
MLS Number: P1-14729
Community: Pasadena (SE)
Status: Sold
Website WITH VIDEO: www.20oakknollgardens.comSCROLL TO END OF WEBSITE FOR VIDEO.What a charming 1921 cottage! Bathed in natural light and surrounded by greenery in a picturesque neighborhood nestled on a private drive in the historic and sought-after Madison Heights area.The white picket fence invites you to step inside and be greeted by ample natural light that pours through the many casement windows. Hardwood floors throughout, built in casework and tasteful detailing create an enchanting escape and the tranquil elegance makes each room feel open, inviting, and connected to the cottage surroundings.The pleasant kitchen opens to a separate dining room with French doors leading to a cozy, covered porch where you can dine al fresco or unwind. The two quiet bedrooms offer a restful retreat and the small bonus room is perfect for an office/art studio/nursery. Central air and heat, combined with a well-insulated exterior provide a year-round temperate interior. The full-sized attic and built-in garage cabinets offer ample storage space. Histories of the home, Oak Knoll Gardens Drive and Madison Heights are available.Meander through secluded Oak Knoll Gardens Drive with your stroller or dog, loved ones before visiting bustling Lake Avenue and the nearby Burlington Arcade - boasting boutiques and cafes - the soon to be opened Erewhon, or locally-renowned night spots like Magnolia House and Granville and a short distance to Old Town Pasadena.Enjoy quintessential Pasadena living in this safe, close-knit community combined with the best of LA's amenities. The sense of community and peaceful surroundings is singular, and ideal for anyone looking for a truly special home nestled in a welcoming neighborhood!Floor Plan under Documents on MLS.History of Oak Knoll Gardens Drive under Documents on MLS.
Listed with Pam Tegtmeyer | (626) 833-3868, 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, 26 Sep 2023 10:50:00 +0000: $1,087,000 :: 214 S Oak Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 965 sq ft
Lot Size: 6,177 sq ft
Added: 08/07/23, Last Updated: 09/26/23
Property Type: Single Family
MLS Number: P1-14647
Community: Pasadena (SE)
Status: Sold
Nestled on a beautiful tree-lined street this charming home offers a cozy and welcoming retreat with an abundance of modern systems upgrades for those seeking character as well as comfort, convenience, and style.As you approach the house, you'll be captivated by the appeal of a classic California Bungalow adorned with well-maintained landscaping and a welcoming front porch.Inside you'll be greeted by an open and airy floor plan that maximizes the use of space, creating a seamless flow between the living, dining, and kitchen areas. Rich hardwood floors add warmth and character to the interior.The renovated kitchen is a chef's dream, boasting modern stainless steel appliances, sleek quartz countertops, and ample storage space in custom-built white cabinetry.The primary bedroom features an en-suite bathroom, complete with contemporary fixtures, large shower and stylish finishes. The second bedroom is equally inviting and can be easily used as a home office or a creative space to suit your needs.Additional upgrades include upgraded electrical panel, wiring and recessed lights; central heating and air conditioning; copper plumbing; roof and Tesla solar panels; dual pane windows, attic insulation; finished 2-car garage with workshop; concrete driveway; remodeled bathrooms, 2 car charging stations and much more.The outdoor living space has been well cared for with a backyard that has been transformed into a private oasis, complete with a manicured lawn, and a charming patio area shaded by a beautiful oak tree, a perfect spot to relax and entertain guests.Conveniently located within close proximity to Pasadena's vibrant array of dining, shopping, and entertainment options. Parks, schools, and public transportation are also just a short stroll away.
Listed with Giusy Mele-Brown | (626) 695-2312, 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, 25 Sep 2023 15:13:00 +0000: $1,100,000 :: 253 W Montana Street, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,524 sq ft
Lot Size: 8,630 sq ft
Added: 08/18/23, Last Updated: 09/25/23
Property Type: Single Family
MLS Number: WS23153987
Community: Pasadena (NW)
Status: Sold
Walk under the signature Spanish archway and say hello to 253 W Montana St, re-imagined! Originally a newer home built in 1978 with over 1524 Sq Ft of living area, this home has been modernized and revitalized! We’ve got a plethora of updates, featuring Brand-New Windows, a re-painted Interior, New Light Installations, and New Vinyl Flooring in the Bedrooms. You can appreciate this home’s “Open” design concept the moment you walk in, as you’re greeted by the large Living Room and Fireplace that seamlessly blends into the Dining Area. Just next to that is the Kitchen which boasts newer countertops and cabinets. Additionally, the Kitchen is equipped with all new Stainless Steel appliances such as the Stove, Dishwasher, and Microwave! Better yet, you can enjoy all of this seamless living space with plenty of natural light thanks to the new Sliding Glass Doors that open to the Rear Patio and backyard, blurring the lines between indoor and outdoor! A quick walk down the hallway brings us to the 3 Bedrooms and 2 Bathrooms. Each of the Bedrooms has been updated with New Fans, New Lighting, and New Sliding Glass Doors for the Primary and Secondary Bedrooms. The Primary Bedroom has an en suite full Bathroom, that features all of the bathroom updates. The cherry on top of this Home is the large private Backyard space with a beautiful Oak tree that provides shade for the whole yard to keep you cool on those hot summer days!
Listed with ROBERT E. SILVA | 323-597-5252, SILVA REAL ESTATE GRP.
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, 25 Sep 2023 10:16:00 +0000: $710,000 :: 1800 Newport Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 828 sq ft
Lot Size: 5,419 sq ft
Added: 08/14/23, Last Updated: 09/25/23
Property Type: Single Family
MLS Number: P1-14737
Community: Pasadena (NW)
Status: Sold
Welcome to this lovely 2 bedroom, 2 bathroom home nestled in a convenient Pasadena location. Boasting a generous sized lot, this property invites endless possibilities to improve, such as a complete rebuild, a thoughtful addition, or a creation of an accessory dwelling unit (ADU). The spacious living room has a fireplace, and there is a comfortable primary bedroom suite. The second bedroom could be used as an office or den. The practical kitchen complements daily living. This home is nearby the golf course, hiking trails, the Rose Bowl, schools, freeways, parks, restaurants, and shopping centers.
Listed with Joan Bang | (213) 675-3289, 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, 22 Sep 2023 15:44:00 +0000: $1,899,080 :: 1535 San Pasqual Street, Pasadena CA, 91106 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,241 sq ft
Lot Size: 10,002 sq ft
Added: 07/11/23, Last Updated: 09/22/23
Property Type: Single Family
MLS Number: P1-14324
Community: Pasadena (SE)
Status: Sold
Situated on prestigious San Pasqual Street, this property is in a highly sought after neighborhood and is only a couple blocks from the California Institute of Technology and only one mile from the downtown Pasadena South Lake Central Business/Shopping District. It's also conveniently located to downtown LA, the 110, the 210, and the 134 Freeways. The newly landscaped front yard has a charming white picket fence and hedges to create privacy. The exterior of this traditional home was painted three years ago. This family home features a formal entry, spacious living room with fireplace, a dining area and a family room with access to the back yard. Watch the children play outside through the kitchen window while preparing meals. There is a breakfast area in the updated kitchen, a laundry area and direct access to the attached two-car garage. The primary bedroom suite, two additional bedrooms and two baths are in the west wing of the home. Central Air & Heat as well as automatic sprinklers complete the package. Don't wait, this one is sure to sell quickly! Tenant occupied - please be considerate.
Listed with Reni Rose | (626) 437-6000, 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/! - Fri, 22 Sep 2023 12:16:00 +0000: $2,075,000 :: 1590 La Loma Road, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,326 sq ft
Lot Size: 6,112 sq ft
Added: 08/21/23, Last Updated: 09/22/23
Property Type: Single Family
MLS Number: P1-14801
Community: Pasadena (SW)
Status: Sold
Located in the sought after San Rafael area of Pasadena, this charming English home exudes beauty and comfort, with a sensitivity toward its old-world architecture. Period touches including arched doorways and niches, beamed ceilings and gleaming hardwood floors are enjoyed throughout the home. The sunken living room showcases a dramatic barrel-beamed ceiling, and a beautiful diamond paned picture window. The spacious light filled dining room is adjacent to a cook's kitchen. The kitchen features an eat in area and Caesarstone countertops, farm sink, Bosch dishwasher and Thermador Professional ovens and cooktop. Peaceful views of the rear terraced yard are enjoyed from the kitchen window. There are 3 bedrooms in the main house and a large guest apartment with full bathroom and kitchenette over the garage; perfect as an ADU or office. The yard provides a wonderful sense of privacy and is adorned with river rock planters and a size-able brick patio, ideal for al fresco dining. This home is centrally located to downtown LA, Old Town Pasadena and Eagle Rock.
Listed with Vicky Botsford | (626) 705-6207, 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, 21 Sep 2023 21:56:00 +0000: $700,000 :: 572 Sinaloa Avenue, Pasadena CA, 91106 - Pasadena - Solds - SFR
1 bed, 1 bath
Home size: 641 sq ft
Lot Size: 2,401 sq ft
Added: 07/05/23, Last Updated: 09/21/23
Property Type: Single Family
MLS Number: RS23118639
Community: Pasadena (NE)
Status: Sold
***THE PROPERTY IS FINALLY READY TO BE SHOWN***Come check out this beautiful Craftsman Cottage that has so much character. This charming house has been well-kept and is truly beautiful inside and out. Property has a great layout, a spacious side yard, 1 car garage, a lovely patio, a new roof, tile throughout the property, a bedroom with 3 closets, upgrades throughout and so much more. Property is located in a highly desirable area. Property won't last! Come make this house your home. **PROPERTY HAS AN EXTRA BONUS ROOM THAT IS CURRENTLY BEING USED AS A LAUNDRY ROOM/OFFICE AND SQUARE FOOTAGE IS NOT INCLUDED IN THE 641 SQFT. HOUSE IS FAR FROM TINY! MUST SEE**
Listed with Miguel Vazquez | 562-622-7210, Home Central 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, 21 Sep 2023 16:05:00 +0000: $950,000 :: 3275 Del Vina Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 719 sq ft
Lot Size: 5,594 sq ft
Added: 07/19/23, Last Updated: 09/21/23
Property Type: Single Family
MLS Number: 223002642
Community: Pasadena (NE)
Tract: Other
The price of this listing was last increased on 8/8/2023 by 2%
Status: Sold
Welcome to the bungalow home you've been waiting for!A stunning residence nestled in the heart of Pasadena with all the charm you would expect, and the upgrades you'll appreciate. This impressive property boasts Mountain View's from the backyard, offering a true oasis of serenity amidst the hustle and bustle of the city. The home features upgraded icy-cool air-conditioning and all new plumbing, new flooring, upgraded electrical panel, EV charger, newer Anderson windows, new concrete patio and walkways, reverse osmosis and water filtering system, security system and more! The gourmet kitchen is fully equipped with high-end Viking appliances and finishes, providing the ideal space for culinary enthusiasts to indulge their passions. This home is truly a mix of comfort and functionality, offering a seamless blend of indoor and outdoor space, including 2 additional outbuildings: one used as an office and another storage shed. With its prime location, near shopping, restaurants and Metro Gold Line Foothill Extension and the exceptional amenities, this is the perfect place to call home.
Listed with Nancy Krantz | (805) 857-4488, Beverly and Company 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/! - Thu, 21 Sep 2023 12:47:00 +0000: $1,360,000 :: 1514 N Holliston Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 2,095 sq ft
Lot Size: 10,446 sq ft
Added: 08/08/23, Last Updated: 09/21/23
Property Type: Single Family
MLS Number: P1-14667
Community: Pasadena (NE)
Status: Sold
1914 Craftsman in Historic Highlands one of the most Coveted blocks of Holliston's character homes.
Listed with Eddie Kanouse | (626) 685-5279, 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, 21 Sep 2023 09:28:00 +0000: $800,000 :: 591 ashtabula, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 870 sq ft
Lot Size: 8,408 sq ft
Added: 01/24/23, Last Updated: 09/21/23
Property Type: Single Family
MLS Number: TR23013214
Community: Pasadena (NE)
The price of this listing was last reduced on 2/23/2023 by 4%
Status: Sold
INVESTMENT opportunity. Best value in Pasadena. Cute as a button 2 Bedroom house, with a converted bonus room, situation on a large flat lot. Perfect as a condo alternative. Or, live in the property while planning and developing the property for an addition. Or, build a large home on the front portion of the lot and convert the current bungalow into an ADU for guests or rental income. As you enter through the front door, you will encounter the living room. Bedrooms are located on opposite ends of each other, affording privacy. Cozy kitchen and dining area. New bathroom, new floors, new paint. Large 8400 sq ft lot and a beautiful shaded tree. Urban lifestyle with a small town feeling, the property is only minutes from Downtown Pasadena; adjacent to schools, freeways, places of worship, bus stops, and shops.
Listed with Samantha Lee | 949-726-5600, KW Executive
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/!
