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, 03 May 2024 15:56:00 +0000: $2,450,000 :: 668 Linda Vista Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 3,590 sq ft
Lot Size: 12,167 sq ft
Added: 04/03/24, Last Updated: 05/03/24
Property Type: Single Family
MLS Number: 24371697
Community: Pasadena (NW)
Status: Sold
Welcome to this lovingly maintained traditional in the tranquil and highly sought after Linda Vista neighborhood. Set back from the street is this spacious split-level, featuring 4 large bedrooms, 3 full baths and so much more. Upon entering you will find a formal dining room, a large eat-in kitchen with bar and a bright formal living room with gorgeous beveled, diamond paned windows flooding the space with natural light. Down the hallway you will find one full bath and three generous sized bedrooms, including the primary with en suite bath consisting of double vanity, separate shower and jacuzzi bathtub. Downstairs completes this ideal floor plan with a second fireplace, den/game room, bar and an additional and separate guest bedroom/office with full bath and double closet. In addition to all of this, there is a large workroom and laundry room downstairs containing further storage and a second pantry. The lot has a large, flat and fenced grassy front yard, many mature trees, patio, balconies, a wide driveway and 3 car garage! An amazing opportunity to make this home your own in an incredible neighborhood.
Listed with Valeria Leininger | 323-252-1089, Sotheby's International 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, 03 May 2024 12:59:00 +0000: $1,355,000 :: 925 Medford Road, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,443 sq ft
Lot Size: 7,218 sq ft
Added: 04/06/24, Last Updated: 05/03/24
Property Type: Single Family
MLS Number: AR24068468
Community: Pasadena (NE)
Status: Sold
Welcome to this charming home in the highly sought-after Upper Hasting Ranch neighborhood of Pasadena! Boasting three bedrooms, two bathrooms, and measuring 1,443 square feet, this property presents a rare opportunity as it hits the market for the first time in 50 years!Upon entering, you'll be greeted by an inviting open living and dining area, illuminated by natural light that streams in through newer windows. The cozy ambiance is further enhanced by a wood-burning fireplace, and built-in shelving. The tastefully updated kitchen is located just a few steps from the dining area, and features granite counters, a farm sink, updated stainless appliances and a breakfast area for casual dining.More recent updates include both bathrooms which have been tastefully updated, contributing to the overall sense of refinement throughout the residence.This well-maintained home offers modern comforts including central air and heat, newer laminate flooring along with the original wood parquet tiles, newer windows, custom window shades and a new water heater. For added convenience, the laundry closet is situated indoors. Ample onsite parking is available in addition to the two car attached garage. In the rear of the home, a covered patio overlooks the spacious and fenced rear yard, complete with a variety of fruiting trees. Whether you're entertaining guests or enjoying a quiet afternoon, this outdoor space offers endless possibilities for relaxation and recreation.Located within close proximity to the local elementary school, park, shops, and transportation, this property provides the perfect blend of convenience and tranquility. Don't miss out on the opportunity to make this home your own slice of Pasadena paradise!
Listed with Luther Tsinoglou | 626-695-8650, 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, 02 May 2024 11:39:00 +0000: $1,535,000 :: 3948 Park Vista Drive, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 2,057 sq ft
Lot Size: 13,474 sq ft
Added: 04/01/24, Last Updated: 05/02/24
Property Type: Single Family
MLS Number: SR24064091
Community: Pasadena (NE)
Status: Sold
Unlock the potential of Pasadena living with this gem nestled in the serene and desirable Hastings Ranch neighborhood, ideally situated on a quiet cul-de-sac street. A testament to elegance waiting to be transformed by your vision, this home stands in an area celebrated for its cultural charm. Offering 3 bedrooms, 2 bathrooms, and nearly 2,100 sqft, it’s perched on a spacious 13,467 sqft lot, boasting a pool and beautiful city and mountain views. Highlights include a 3-car garage, an expansive kitchen opening to a cozy den, a living room graced with a dual fireplace, and an elegant formal dining room. The secondary hallway bathroom is almost finished, needing only minor final touches, whereas the primary bathroom remains in an initial stage of renovation, down to its studs and needing comprehensive work. Due to these conditions, the property is only available for an all-cash purchase, as obtaining financing may not be an option. This property presents a rare opportunity to enjoy the best of Pasadena living, combining the comfort of a well-appointed home with the richness of a vibrant community.
Listed with Michael Chez | 818-399-8818, 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, 02 May 2024 10:19:00 +0000: $5,250,000 :: 728 Hillside Terrace, Pasadena CA, 91105 - Pasadena - Solds - SFR
7 beds, 9 baths
Home size: 5,846 sq ft
Lot Size: 38,947 sq ft
Added: 03/05/24, Last Updated: 05/02/24
Property Type: Single Family
MLS Number: P1-16742
Community: Pasadena (SE)
Status: Sold
An estate home to treasure for decades, 728 Hillside Terrace elevates your life and enlivens your spirit with its enticing warmth, timeless beauty, and modern comforts. This exquisite property offers immense soul and exceptional privacy while tucked away on nearly a full acre in Pasadena's exclusive San Rafael Heights. Noteworthy both inside and out, the verdant, park-like grounds feature a masterfully designed landscape with towering redwoods, lush plantings, dozens of mature trees, a dazzling pool, a tennis court, and a fabulous parterre garden that evokes the grandeur of a noble European estate. Stepping inside, you're captivated by the old-world artistry surrounding you. From the beamed ceilings, fine woodwork, and arched doorways to the regal staircase, stately fireplaces, and stained-glass windows, one cannot help but be awed by the fine craftsmanship on display throughout. Especially striking are the exquisite formal rooms and a showstopping paneled library that fully captures the quiet elegance and rich character that sets the home apart. During their 39 magical years here, the current owners have savored the countless tennis tournaments, pool parties, BBQs, and lively football and basketball games they have hosted in the vast backyard. Now, as you write your next exciting chapter, you have the same opportunity to create your own dream life, surrounded by peacefulness and natural beauty, at this classic 1930's estate.
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/! - Wed, 01 May 2024 20:18:00 +0000: $1,545,000 :: 402 Virginia Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 1,965 sq ft
Lot Size: 7,759 sq ft
Added: 02/06/24, Last Updated: 05/01/24
Property Type: Single Family
MLS Number: P1-16228
Community: Pasadena (SE)
Status: Sold
Welcome to this renewed and charming Spanish-style residence, a delightful retreat with a blend of timeless architecture and modern amenities. This exquisite home, boasting 3 bedrooms and 2 bathrooms, is an ideal haven for those seeking comfort and style.Approaching the front door, you are greeted by the warmth of the Spanish design with terra cotta tiles and ironwork on the door. The living room is bathed in natural light with an arched high ceiling, creating an inviting and cozy atmosphere. The floor plan seamlessly connects the living room, dining area, and kitchen, offering a perfect setting for entertaining guests. French doors lead to a side patio off the dining area for additional light, movement, and space. The kitchen is a culinary enthusiast's dream, equipped with a luxury stove. The thoughtful design provides ample storage and workspace, making meal preparation a joy. A breakfast nook with built-in benches adds a touch of intimacy for casual dining.The three bedrooms are generously sized, each with its unique character. An additional room situated off the kitchen with views of the tranquil backyard can be used as a home office while the separate downstairs laundry room keeps the living spaces tidy and organized.The highlight of this property is its beautiful and nurturing backyard, a tranquil escape from the hustle and bustle of daily life. Imagine enjoying sunny afternoons on the covered back patio, surrounded by lush greenery and vibrant flowers. The well-manicured garden is an oasis for relaxation and outdoor activities.This home also offers the convenience of a 2-car garage with ADU (Accessory Dwelling Unit) potential, providing an opportunity for additional living space or a rental income opportunity.In a sought-after location, adjacent to San Marino, this Spanish-style gem is not just a house; it's a home where memories are made.Don't miss the chance to make this property yours and experience the enchantment of Spanish-style living with modern comforts.Some photos have been digitally staged.
Listed with Jennifer O'Connor | (626) 437-3651, Hythe Realty, 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, 01 May 2024 14:19:00 +0000: $1,119,000 :: 1307 N Holliston Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,337 sq ft
Lot Size: 6,852 sq ft
Added: 03/26/24, Last Updated: 05/01/24
Property Type: Single Family
MLS Number: P1-16999
Community: Pasadena (NE)
Status: Sold
Adorable mid century traditional cottage. Newer HVAC. Hardwood oak floors throughout . Den was added without benefit of a permit. Great Meyer lemon tree and Orange tree. Very private backyard with high hedges. Attached garage with laundry.
Listed with Mark Ogden | (626) 229-0909, Sotheby's International Realty, 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, 01 May 2024 12:03:00 +0000: $4,100,000 :: 760 S San Rafael Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 3,479 sq ft
Lot Size: 14,149 sq ft
Added: 01/08/24, Last Updated: 05/01/24
Property Type: Single Family
MLS Number: 23337951
Community: Pasadena (SW)
Status: Sold
Tucked away beyond bespoke gates, this Pasadena estate emerges as a masterpiece of timeless elegance, seamlessly fusing the charm of yesteryear with contemporary luxury to create an alluring private retreat. A winding drive unveils a verdant oasis where the former carriage house has been transformed into a residence of unparalleled sophistication.Upon entering, a fusion of classic and modern aesthetics welcomes you into enchanting entertainment spaces thoughtfully designed for comfort and the art of gracious hospitality. The dining area, framed by expansive windows, offers a picturesque view of a captivating glass-encased wine sanctuary, enhancing the allure of every social gathering.A cascade of natural light bathes the interior through oversized windows, bestowing a warm and inviting ambiance upon the residence. The expansive chef's kitchen, adorned with marble countertops and top-tier appliances, centers around a generous island, beckoning culinary enthusiasts to indulge in the delights of gastronomic artistry.Venturing to the lower level reveals a secluded flex space, providing a haven of privacy for a guest suite, games room, or a private office with a separate entrance. With its 3/4 bath and serene vistas of the outdoor retreatit is an ideal space for relaxation and contemplation. Ascending to the upper level, discover a meticulously crafted primary suite alongside three additional bedrooms. The primary suite, an epitome of luxury, features a fireplace, a walk-in closet, and a spa-inspired bathroom with dual vanities, a stand-up shower, and a freestanding tuba sanctuary within this residence.Completing the estate is a detached garage, intelligently permitted as a media room/garage, seamlessly integrated into the architectural narrative and included in the total square footage. Each detail of this remarkable property has been curated to evoke a sense of refined living in one of Pasadena's most desirable enclaves.As daylight gracefully transitions into the evening, the allure of this exceptional home intensifies, beckoning you to relish, unwind, and savor the unparalleled luxury and sophistication defining life in one of Pasadena's most coveted neighborhoods. Welcome to a residence where time stands still and the spirit of elegance transcends the ordinary.
Listed with Dominic Pietrangelo | 323-497-2596, eXp Realty of Greater Los Angeles
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, 01 May 2024 10:19:00 +0000: $2,080,000 :: 3680 Ranch Top Road, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,681 sq ft
Lot Size: 13,116 sq ft
Added: 03/19/24, Last Updated: 05/01/24
Property Type: Single Family
MLS Number: P1-16898
Community: Pasadena (NE)
Status: Sold
PANORAMIC VIEWS from the Beaches to the Mountains, from City Lights to Rolling Hills!This Stunning Contemporary sits far above the hustle of the Cities below. There are some of the best views you'll see from above San Gabriel Valley. The VIEW stretches from West Los Angeles to DTLA skyline, and Palos Verde Peninsula to Pasadena then all the way out to the Inland Empire. On clear days you can see Beautiful Catalina Island. The home was built with large Glass Doors & Window to accommodate the 'Never Ending' View. Bright & Cheery with 2,681 SF, this Fabulous Home offers Fun & Entertainment, Peace & Tranquility as well as Luxury & Practicality!!! There is a Formal Liv Rm & Din Rm, an updated newly remodeled Kitchen with State of the Art Lighting and Appliances plus Natural Wood Vaulted Ceiling over the Informal Eating Area and a Wet Bar all opening pleasantly to the Spacious Family Rm. There are Multiple Balconies, Decks and Patios. The home has a beautiful Ensuite and updated Bath with easy access from the adjoining deck to the Sparkling Spa. There are a total of 3 Bedrms, and 3 Baths, and a private Office in the home. A practical Mud Rm is convenienly located off the Oversized 3 Car Garage. Included in the Garage is a large and secure Storage Rm, Laundry area, Stationary Sink, Workshop and plenty cabinets for storage. Also, a long RV parking area is adjacent to the garage. 3 cars wide parking area in front of Garage. The electronic TV stand can be included in the sale. Additional amenities include Nest Smart Thermostat,WiFi irrigation/sprinklers system,Smoke/carbon monoxide sensor, Touch operated kitchen faucet and safety and security film on some windows.For easy commuting you are minutes from the 210 Freeway and Madre Train Station. Entertainment & Dining just down the street is Hasting Ranch Shopping Center, Old Town Pasadena, South Lake, quaint Sierra Madre and also handy to the Arcadia Shopping Mall and just a couple of blocks from Pasadenas's desireable Don Benito Elementary School and PHS. This is a Spectacular View Home with all you need for great living!!!
Listed with Dioni Rovello | (626) 975-6320, RE/MAX Premier 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, 30 Apr 2024 14:27:00 +0000: $2,050,000 :: 765 S El Molino Avenue, Pasadena CA, 91106 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,364 sq ft
Lot Size: 9,614 sq ft
Added: 03/15/24, Last Updated: 04/30/24
Property Type: Single Family
MLS Number: P1-16832
Community: Pasadena (SE)
Status: Sold
Classic charm meets modern luxury at this beautifully updated bungalow in picturesque Madison Heights! 765 S El Molino Ave has curb appeal to spare and with one glance you'll know you've found the perfect backdrop for your annual holiday card photo. What's more, a wholesome sense of community is alive and well in your walkable new neighborhood prized for its lush, tree-lined streets where iconic character homes abound. The 'Father of the Bride' house and Mad Men's 'Draper Residence' are just steps away! Built in 1909, this historic California Bungalow has been meticulously updated. Imagine relaxing on the front porch during magical summer evenings, sipping on your favorite red, greeting friendly neighbors as they stroll by. Don't be surprised when they stop to admire your dazzling front yard, winner of the coveted Golden Arrow award from the Pasadena Beautiful Foundation. Equally stunning inside and out, the home's interiors are the picture of casual elegance...just like you! Modern, bright, and airy, the gorgeous living spaces instantly put you at ease while handsome built-ins and intricate moldings speak to the home's exceptional craftsmanship. Choosing your favorite room will be tough, but the showcase kitchen is sure to be a top contender. You'll love whipping up delicious meals and game time snacks for friends and family in this beautifully updated space while little feet (or paws) run and play in the grassy backyard. Your happily-ever-after awaits at this storybook home!
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/! - Tue, 30 Apr 2024 09:14:00 +0000: $3,200,000 :: 280 S Arroyo Boulevard, Pasadena CA, 91105 - Pasadena - Solds - SFR
4 beds, 5 baths
Home size: 3,340 sq ft
Lot Size: 21,654 sq ft
Added: 03/11/24, Last Updated: 04/30/24
Property Type: Single Family
MLS Number: PF24048453
Community: Pasadena (SW)
Status: Sold
Nestled on the banks of the Arroyo Seco, this 1925 English Tudor Revival residence beckons you with its timeless allure and captivating original architectural details. After 60 years, this cherished home is finally available, offering a rare opportunity to make this home your own in this highly sought-after neighborhood. As you step inside, you're greeted by the grandeur of the large living room, adorned with barrel ceilings, a stately fireplace, leaded glass windows, and beautiful hardwood floors. Adjacent to the living room is a cozy wood-paneled library, complete with built-in bookshelves and another inviting fireplace. Step through the French doors into the sunroom, with yet another fireplace, tile floors and built-in window seat overlooking the expansive rear brick patio – perfect for al fresco dining and outdoor entertaining. The formal dining room is enhanced by elegant built-in cabinets and bathed in natural light, while the charming breakfast room off the kitchen provides a delightful setting for morning gatherings or casual meals. In addition to the wonderful public rooms, the downstairs floorplan also includes a laundry room, a maid’s room and bath off the kitchen, and a spacious bedroom with walk-closets and full bath. The second floor features two spacious bedrooms boasting generous walk-in closets and en-suite baths. A separate 750 sq. ft. bonus studio with ¾ bath offers endless possibilities as a home office or creative sanctuary. The rear yard is adorned with beautiful oak trees, offers ample parking and a separate two-car garage with attic storage space.
Listed with Gretchen Seager | 626-229-0909, Sotheby's International 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/!
