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. 🙂
- Fri, 26 Feb 2021 17:57:00 +0000: $935,000 :: 1794 Beverly Drive, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,270 sq ft
Lot Size: 7,406 sq ft
Added: 11/29/20, Last Updated: 02/26/21
Property Type: Single Family
MLS Number: AR20248057
Community: 646 - Pasadena (NE)
Status: Sold
This captivating Mission Revival home is located in the heart of north Pasadena, one block from shopping. It features distinctive period charm paired with tasteful, modern updates. The main house features 3-bedrooms, 2 bathrooms, spacious kitchen and separate dining room. There is also a detached guest house with a 3/4 bath. There are approved plans to update the guest house to an ADU which once completed can be rented out for extra income, which would add instant value to the property. The home has upgrades including stainless steel appliances, granite countertops, dual paned windows, roof and flooring throughout. The large private backyard, complete with multiple, mature fruit bearing trees and lush landscaping provides plenty of shade for outdoor activities including sparkling lights for al fresco dining . There’s plenty of extra storage space at the rear of the property. Don’t miss this opportunity to call this property home — schedule a private tour today!
Listed with Tim Cragoe, 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, 26 Feb 2021 17:29:00 +0000: $925,000 :: 3461 Brandon Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,672 sq ft
Lot Size: 5,010 sq ft
Added: 01/14/21, Last Updated: 02/26/21
Property Type: Single Family
MLS Number: 21679400
Community: 648 - Pasadena (SE)
Status: Sold
Welcome to 3461 Brandon St., your mid-century ranch-style retreat in the heart of SE Pasadena! Walk in and find yourself in a light-filled open living space set off by gleaming wood floors and stunning vaulted ceilings with exposed wood beams. Enjoy a meal at one of the kitchen's granite countertop bars or in the dedicated dining space, or take it outside to your very own secret garden--a lush, private yard with nine different kinds of mature fruit trees, including avocado, mango, and key lime. Along with its three sizable bedrooms, the house has an additional office/den and an enclosed laundry/utility space--plenty of room for working from home or taking up a hobby (or both)! When it's time to venture out, you're close to all the best that Pasadena has to offer: shopping, dining, grocery stores, the Arboretum, the Gold Line, and more. If you've been searching for a home with plenty of space, versatility, and convenience, we'd like to introduce you to your dream come true!
Listed with Alexandra Newman, 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, 26 Feb 2021 08:13:00 +0000: $695,400 :: 187 E Villa Street, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,152 sq ft
Lot Size: 6,099 sq ft
Added: 10/26/20, Last Updated: 02/26/21
Property Type: Single Family
MLS Number: IG20225907
Community: 645 - Pasadena (NW)
The price of this listing was last reduced on 11/19/2020 by 6%
Status: Sold
*** JUST REDUCE TO SELL*** CAN'T BE BETTER THEN THIS*** TALKING ABOUT LOCATION, LOCATION, THIS PROPERTY IS LOCATED NEAR EVERYTHING, THE ROSE BOWL PARADE, OLD TOWN PASADENA, WONDERFUL RESTAURANTS, COFFEE SHOPS, SCHOOLS, PARKS, MUSEUMS, HOTELS, MALLS, YOU NAME IT!! THIS PROPERTY HAS NOT BEEN ON THE MARKET SINCE 1989. SO MUCH POTENTIAL ON THIS 3 BEDROOMS 2 BATHS, ONE BEDROOM-OR SUITE-OR OFFICE IS LOCATED ON THE FIRST FLOOR WITH A COMPLETE BATHROOM, ALSO WITH 2 BEDROOMS AND COMPLETE BATHROOM ON THE 2ND FLOOR. PROPERTY HAS LAMINATED FLOORS, AND CARPET ON BEDROOMS THAT NEED TLC, LIVING ROOM IS PART OF DINING ROOM, COZY KITCHEN WITH SPANISH TILE ALSO A NOOK ON KITCHEN. COZY BACK YARD, PERFECT FOR YOUR GATHERING. GARAGE HAS BEEN CONVERTED WITH ONE BEDROOM, BATHROOM, SMALL LIVING ROOM AND KITCHEN. SECURE GATE DOOR ON FRONT YARD WHERE YOU CAN PARK UP TO 6 CARS. ALSO PROPERTY HAS FRUIT TREES IN THE FRONT YARD. BRING YOUR IMAGINATION TO MAKE IT YOUR OWN. LOW TAXES, AND NO HOA. PUBLIC TRANSPORTATION, GOLD LINE, FREEWAYS ACCESS, AND MINUTES WALK TO THE ROSE BOWL STADIUM. COME AND SEE THIS PERFECT LOCATION PROPERTY..
Listed with Sara Doyle, Keller Williams 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, 25 Feb 2021 22:17:00 +0000: $1,125,000 :: 1070 Medford Road, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,444 sq ft
Lot Size: 7,406 sq ft
Added: 01/05/21, Last Updated: 02/25/21
Property Type: Single Family
MLS Number: P1-2813
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
Tucked away in the highly desirable neighborhood of Upper Hastings Ranch, this single level Ranch Style home is move-in ready. Sprawling on an over 7,200 sq ft lot with an open floor plan and a sparkling pool with large covered patio, this home is ideal for entertaining or simply enjoying quality time. A white brick fireplace adorns the living room creating a bright and warm ambiance which moves seamlessly to the open kitchen with breakfast bar and laundry room adjacent. Hardwood floors extend from the public to private spaces effortlessly adding to the flow of the home. The master bedroom is spacious and has an attached updated bathroom. Two more generous bedrooms and a bathroom complete the living wing of this property. Details include large windows overlooking the patio, vintage board and batten siding, new paint, professional landscaping with drought resistant plants, and a zen fountain on the pool deck. Centrally located, close to Hamilton Park, Eaton Canyon, La Salle High School, Whole Foods and easy access to the 210 Freeway and the Gold Line.
Listed with Lauren Luczyski, 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/! - Thu, 25 Feb 2021 21:34:00 +0000: $680,000 :: 255 E Mountain Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 762 sq ft
Lot Size: 2,353 sq ft
Added: 01/11/21, Last Updated: 02/25/21
Property Type: Single Family
MLS Number: 21679098
Community: 646 - Pasadena (NE)
Status: Sold
Darling Spanish cottage located in Historic Garfield Heights Landmark District. Terra cotta pavers and brick sidewalk lead to covered front porch entry, surrounded by new drought tolerant landscaping. Automatic sprinkler system. Private yard makes this home a great alternative to a condo. Interior features an open concept floor plan with wood laminate floors throughout. Eat in kitchen with breakfast nook, ceramic tile countertops, recessed lighting and open butlers pantry. Dual pane vinyl windows complete with plantation shutters. Newly painted interior and restored surfaces. Remodeled bathroom with new sink and toilet. New tankless water heater. Spanish tile accents on exterior. Darling rear yard with fruit tree and cozy patio. 1-car attached finished garage makes for a perfect bonus room.
Listed with Lynn-Ann Cuminotto, Jason Reid & Associates
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, 25 Feb 2021 17:54:00 +0000: $925,000 :: 538 Douglas Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,359 sq ft
Lot Size: 6,534 sq ft
Added: 01/09/21, Last Updated: 02/25/21
Property Type: Single Family
MLS Number: P1-2843
Community: 645 - Pasadena (NW)
Tract: Not Applicable
Status: Sold
Charming and cheerful home spaciously designed with over 1350 square feet. This updated 1924 Spanish Bungalow rests in the heart of a lovely Pasadena neighborhood. The single-story home has been remodeled to include an expansive beautiful kitchen, hardwood floors, indoor laundry, and updated fixtures. Stroll down the path through a delicately landscaped front yard to enter the open and welcoming living space that features French doors and abundant windows that let in lots of natural light. The large dining area has a modest alcove perfect for an office or playroom. The kitchen glistens with stainless-steel appliances and a cooktop area that is great for family and entertaining. Quartz countertops and a tile backsplash add bright accents to the room. The large bedrooms provide ample space for comfortable living. The bathroom evokes simple elegance with clean lines and a combined shower/tub. Finishing off with a two-car garage and ample shaded areas for you and your guests.
Listed with Christopher Reisbeck, 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/! - Thu, 25 Feb 2021 12:37:00 +0000: $911,000 :: 1436 Coolidge Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,018 sq ft
Lot Size: 6,970 sq ft
Added: 01/14/21, Last Updated: 02/25/21
Property Type: Single Family
MLS Number: P1-2898
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
Just imagine coming home to this charming 2 bedroom 1 bath home in the desirable Presidents Street neighborhood of NE Pasadena. This home speaks of comfort and warmth from the moment you step through the front door. The more you see, the more you will appreciate the many original character attributes. The charming living room boasts built-ins, tray ceilings and hardwood floors. The dining area features an original built-in cabinet and the kitchen is light and bright. The backyard is spacious and is ready for your creativity! Close to the hiking trails, waterfall at Eaton Canyon and eateries. The owners have submitted plans for approval for a remodel of a 3 bedroom/3 bath home PLUS plans for an additional unit! Other features include copper plumbing, newer HVAC, updated electrical panel, wine fridge and mountain views. Welcome home!
Listed with Sylvia Vega, Keller Williams 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/! - Wed, 24 Feb 2021 17:38:00 +0000: $2,472,000 :: 1265 Encino Drive, Pasadena CA, 91108 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 5,382 sq ft
Lot Size: 27,879 sq ft
Added: 07/23/20, Last Updated: 02/24/21
Property Type: Single Family
MLS Number: PF20146664
Community: 648 - Pasadena (SE)
The price of this listing was last reduced on 12/14/2020 by 13%
Status: Sold
Highly motivated Seller. Perched high on the street, overlooking rooftops and a sea of greenery, this beautifully crafted Mediterranean style house is situated in a peaceful and desirable street near The Langham Hotel & Spa in Pasadena, on the border of San Marino. Just minutes away from the Langham, Caltech, San Marino schools and the famous Huntington Library, Huntington Hospital and Lacey Park and equally close to shopping and dining amenities, with quick access to the major 110, 134 and 210 freeways. Constructed with quality materials including wrought iron accents and offering a multi-level California-style indoor/outdoor living lifestyle, there are two master suites amongst the 5 bedrooms and 6 baths, a movie theater and surround sound throughout the house, as well as on the numerous patios. A new purified soft water system was recently installed, as was a security system with cameras and sensors. Too many features to mention so we highly recommend you request a private tour to experience the ambiance in person. Perfect for families large and small, this house could equally serve the purpose of a pied-a-terre in Pasadena, or an income property.
Listed with Scott James, Douglas Elliman 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/! - Wed, 24 Feb 2021 05:50:00 +0000: $870,000 :: 1575 N Altadena Drive, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 2,288 sq ft
Lot Size: 6,099 sq ft
Added: 11/13/20, Last Updated: 02/24/21
Property Type: Single Family
MLS Number: P1-2320
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
Charming Home, ready for a new family!WOW!!!n today's world this is the Perfect Gift! Roll out of bed and step right into work! There is a Large master bedroom, that also can be turned into work space.There are also 3 bedrooms 2 full baths and a paved outside patio area. Lets not forget the Enclosed Heated Pool! You will not want to leave your home! There is also plenty of parking, a carport, 2 car garage and a uncover parking space. With a little TLC you can build your dream home all in one move! Don't miss your opportunity, this is a rare find! A TRUE MUST SEE! This property needs a little TLC!
Listed with Gretchen Palmer, 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, 23 Feb 2021 16:32:00 +0000: $1,895,000 :: 3118 E Villa Knolls Drive, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 3,436 sq ft
Lot Size: 23,523 sq ft
Added: 10/29/20, Last Updated: 02/23/21
Property Type: Single Family
MLS Number: P1-2059
Community: 646 - Pasadena (NE)
Tract: Not Applicable
Status: Sold
As soon as you pull into the long driveway, this private estate with sweeping city and mountain views will take your breath away! One of a kind, and custom built, with floor to ceiling windows in every room, you will experience the most amazing sunrises and gorgeous sunsets. As you walk into the home, you are greeted by a show stopping living room which boasts a limestone fireplace and stunning views. The dining room is accented with custom hardware and a wet bar. A brand new kitchen with a custom island and beautiful finishes is a perfect gathering spot and effortlessly leads into a breakfast room and the back deck. The home offers 3 expansive rooms in addition to a flex room, perfect as an office, a guest room, gym or another family area! A guest suite on the bottom level has its own entrance.The master suite includes a his and her dressing area, a beautiful veranda, a cedar closet and a soaking tub that looks into a relaxing zen garden. Resting on over a 1/2 an acre of land, this estate offers unparalleled privacy, and yet is moments away from all of life's necessities. Home is 3 bedroom and 3 bathroom. The 4th room is a flex space, currently being used as a family room.
Listed with Neha Jespersen, 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/!
