Pasadena At-A-Glance Real Estate Statistics – May 2011
Here’s a latest list of the newest home listings in Pasadena:
- Wed, 30 Apr 2025 19:20:00 +0000: $849,998 :: 841 E Ladera Street, Pasadena CA, 91104 - Pasadena Home Search
2 beds, 1 bath
Home size: 950 sq ft
Lot Size: 4,988 sq ft
Added: 04/11/25, Last Updated: 04/30/25
Property Type: Single Family
MLS Number: MB25074637
Community: Pasadena (NE)
Status: Active
Welcome to this charming 2-bedroom, 1-bath home nestled behind a classic white picket fence. A spacious covered front porch invites you to relax and enjoy the peaceful, tree-lined street. Inside, the living room is filled with natural light and features a cozy gas-burning fireplace, perfect for chilly evenings. Hardwood floors in bedrooms, hallway and living Room. The generously sized bedrooms offer comfort and versatility, while the kitchen opens to an extended dining area, ideal for gatherings and everyday living. Step into the serene backyard, where lush greenery creates a private retreat, complete with a large storage shed for added convenience. The home also features an updated 200amp electrical panel. This lovely home is conveniently located near restaurants, shopping, schools, and offers easy access to the 210, 134 and 110 Freeways.
Listed with GEORGE MUNIZ CalDRE: 01071992 | 626-617-5172, PACIFIC WEST REAL ESTATE
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, 30 Apr 2025 18:43:00 +0000: $975,000 :: 1688 N Hill Avenue, Pasadena CA, 91104 - Pasadena Home Search
2 beds, 1 bath
Home size: 949 sq ft
Lot Size: 7,946 sq ft
Added: 04/30/25, Last Updated: 04/30/25
Property Type: Single Family
MLS Number: P1-21995
Community: Pasadena (NE)
Status: Active
From the moment you step onto the property, you'll be captivated by this 1924 Spanish Bungalow home's thoughtful design and exceptional features. Located in the picturesque city of Pasadena, known for its vibrant community, stunning architecture, and rich cultural scene, this property is nestled on a picturesque tree-lined street in the coveted Northeast section of Pasadena. Bursting with captivating charm and character, this delightful Pasadena 2-bedroom, 1 bathroom cottage sits on a generous flat lot you'll be proud to call your own. This home offers the perfect blend of tranquility and utility combining historic highlights like the Batchelder style tile decorative fireplace, built in bookcases, and honey colored hardwood floors with modern day comforts like a tankless water heater, newly renovated bathrooms, and exquisite accent wall interior paint. The light-filled living room is adorned with beautifully preserved hardwood floors and built-in cabinetry, perfect for those seeking a blend of historic charm and comfortable living. The thoughtfully designed layout includes a good-sized kitchen with a conveniently located laundry room, making household chores a breeze. The expansive 144 sqft sun porch provides ample space for family fun, recreation, or even a springtime get away, perfect for that California weather! Sitting on a huge lot, this property offers great potential for an ADU (Accessory Dwelling Unit) or plenty of room for outdoor activities, gardening, and more. The rear yard is a beautiful place to relax, with multiple places for patio style enjoyment that are perfect for large umbrella covered tables, grilling and much more. In addition to the main house's square footage, this property sits on a generous 7946 square foot R1 lot (per the assessor) with a detached 1 car garage. This delightful residence is more than just a home; it's a piece of Pasadena's architectural heritage, that presents a rare opportunity for those with a vision to transform or reimagine their dream home. Whether you're relaxing in the comfort of the interior spaces or enjoying the vibrant exterior surroundings, this home offers a perfect retreat in one of Pasadena's most sought-after neighborhoods. Don't miss the opportunity to make this gem yours and experience the best of Northeast Pasadena living. Schedule your showing today, your clients will thank you!
Listed with Patrick McGinley CalDRE: 01008113 | (626) 204-2324, Berkshire Hathaway Home Services Golden 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/! - Wed, 30 Apr 2025 16:05:00 +0000: $2,197,000 :: 1241 Solita Road, Pasadena CA, 91103 - Pasadena Home Search
4 beds, 3 baths
Home size: 2,240 sq ft
Lot Size: 7,798 sq ft
Added: 04/29/25, Last Updated: 04/30/25
Property Type: Single Family
MLS Number: P1-21991
Community: Pasadena (NW)
Status: Active
Romantic Spanish home located in a lovely treelined neighborhood above the Rosebowl in Pasadena on a corner lot in an area of character homes. Old world 1930s beauty with vintage artisanal details meets new in this charming and historic 4 bedroom / 3 bath magical sanctuary, sensitively updated while retaining the home's original architectural integrity. Bright and airy, with views of the San Gabriel Mountains and multiple private terraces that open to lushly landscaped fenced-in private gardens with a fountain and a pool, fruit trees and raised beds that provide seamless indoor/outdoor living for relaxing and entertaining. The large living room features a dramatic arched picture window, a dramatic barrel ceiling, and a wood burning fireplace. The remodeled primary bedroom suite features a sumptuous concrete tub, new master bath with well-crafted bespoke details, a gas fireplace, a new walk-in closet and direct access to the pool. A second en-suite bedroom features a new guest bath with rustic designer tile and fixtures. The home has wood floors throughout, recessed lighting, and designer artisanal fixtures. Additional upgrades include new windows, solar panels, an EV charger, a resurfaced driveway, new pergolas, and new paint. Additional features include automatic irrigation and outdoor lighting, a security system, an alkaline water system and water softener, an Arlo security surveillance camera system, an Alesa home automation system for controlling lights and plugs, a Ring doorbell, a laundry room, and a two-car garage with automatic door opener. Permitted and approved plans for a kitchen remodel and an addition of 4th bath are included in the sale, as well as already purchased and brand new Thermador appliances, including a range with two ovens, a hood, refrigerator, dishwasher, and freezer. This property seamlessly blends the beauty of old world classic Spanish charm with today's modern amenities. Close to historic Old Pasadena, the Rose Bowl, the Norton Simon Museum, Pasadena dining, shopping, colleges, universities and cultural experiences, as well as downtown Los Angeles and multiple freeways. An elegant and romantic private refuge in the heart of Pasadena.
Listed with Henry Blackham CalDRE: 01950310 | (626) 825-2919, 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, 30 Apr 2025 15:00:00 +0000: $2,500,000 :: 465 Alpine Street, Pasadena CA, 91106 - Pasadena Home Search
3 beds, 2 baths
Home size: 2,526 sq ft
Lot Size: 8,800 sq ft
Added: 04/28/25, Last Updated: 04/30/25
Property Type: Single Family
MLS Number: P1-21952
Community: Pasadena (SW)
Status: Active
A magical Madison Heights Craftsman showcases architectural details, a massive eat-in kitchen and a stunning backyard with expansive deck, all tucked away on a quiet side street in one of Pasadena's most desirable neighborhoods. From the inviting curb appeal, enter through a pergola and grand door into the formal entry, where timeless Craftsman character immediately shines. Wide framed openings gracefully connect the elegant living room, large dining room, and sitting/media room, offering a sense of flow while preserving distinct spaces perfect for both entertaining and daily life. The elegant living room is filled with natural light and anchored by a Batchelder-style tile fireplace with a rich wood mantle, while the sitting/media room opens through double doors to a living room-sized deck ideal for gatherings. A true centerpiece of the home is the massive, custom-designed eat-in kitchen, boasting granite countertops, marble backsplash, custom cabinetry, under-cabinet lighting, Viking range with grill, wine cooler, TV, skylight, and porcelain tile floors. A large eating counter separates the food prep area from the bright breakfast area, with easy access to the backyard and a custom laundry closet. The main floor also includes a spacious bedroom with finely crafted built-in cabinets, and a full guest bath with tub. A wide, richly textured wood staircase leads upstairs to two architecturally detailed bedrooms and a period-style spa-like bath with a separate toilet room and bath/shower combo with rain shower. The expansive main bedroom stretches nearly the full width of the home and includes a dressing-room-sized closet and an 18-foot sunroom, ideal for a work-from-home space. The backyard is nothing short of enchanting, offering a sprawling deck with built-in benches, overhead trellis, custom lighting, and wide steps leading to open grassy areas and curated gardens featuring fruit trees and show-worthy roses - a true outdoor sanctuary. Modern amenities include forced air heat, dual-zone central air, seismically retrofitted foundation, large basement, and detached two-car garage. With its charming historic architecture, richly detailed interior spaces, magical backyard and proximity to the renowned Langham Huntington Hotel, Lake Ave District, Caltech, Arroyo Parkway shops (Trader Joes & Whole Foods), and the vibrancy of Old Town Pasadena, this is a once-in-a-generation opportunity to live the rarely available Madison Heights lifestyle in legendary Pasadena.
Listed with E. Lee Bothast CalDRE: 01512696 | (626) 533-3929, 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/! - Wed, 30 Apr 2025 13:23:00 +0000: $1,240,000 :: 1941 Mentone Avenue, Pasadena CA, 91103 - Pasadena Home Search
2 beds, 1 bath
Home size: 1,237 sq ft
Lot Size: 6,604 sq ft
Added: 04/26/25, Last Updated: 04/30/25
Property Type: Single Family
MLS Number: IG25092395
Community: Pasadena (NW)
The price of this listing was last reduced on 4/30/2025 by 4%
Status: Active
1941 Mentone Ave, Pasadena, CA – A Rare Fully Remodeled Duplex Opportunity Nestled in the heart of Pasadena, this stunning fully remodeled duplex at 1941 Mentone Ave offers the perfect blend of modern upgrades, comfort, and opportunity. Whether you’re seeking a multi-generational living solution, an income-producing property, or both, this turnkey property is ready to impress. Property Highlights: • Two Units, One Incredible Property: Each fully remodeled unit is designed with privacy and functionality in mind. Both units feature 2 spacious bedrooms and 1 full bathroom, making them ideal for families, professionals, or tenants. • Combined Living Space: Approximately 2,037 sq. ft. of total living area offers ample space for relaxation and entertaining. • Year Built: 1947 – showcasing timeless charm with contemporary finishes. • Lot Size: A generous 6,603 sq. ft. lot with potential for outdoor activities, gardening, or additional enhancements. Interior Features: • Both units have been completely updated with fresh flooring, new paint, and modern fixtures throughout. • Bright, open living areas offer plenty of natural light, complemented by updated finishes. • Kitchens feature new cabinetry, countertops, and appliances, including gas ovens, perfect for preparing home-cooked meals. • Remodeled bathrooms with sleek, updated vanities, lighting, and tiled shower/tub combinations. • Convenient in-unit laundry areas in both units, adding to tenant and owner ease. • Updated climate control systems for year-round comfort. Exterior Features: • The property boasts a serene backyard with mountain views, a rear porch, and a patio ideal for entertaining or relaxation. • Fresh landscaping highlights the curb appeal. Income & Investment Potential: This fully remodeled duplex presents an excellent opportunity for investors. Live in one unit and rent the other, or lease both for steady rental income. Its proximity to schools, shopping, and entertainment makes it highly desirable for tenants. Located in the sought-after North Central Pasadena neighborhood, this property is minutes away from popular dining spots, parks, and major freeways, providing easy access to greater Los Angeles. Don’t miss this rare chance to own a fully remodeled duplex in one of Pasadena’s most charming neighborhoods! Contact us today to schedule a viewing.
Listed with DeVone Richard CalDRE: 01857383 | 747-444-4544, Next Real Estate Advisor, 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/!
Prior Real Estate Market Reports for Pasadena California
April 2011
Pasadena Real Estate Market Overview – 2009 vs 2010
As we start a new year, it’s always interesting to look at year over year data to see the trends in real estate activities.
Media keeps regurgitating national statistics and I get constant calls from my mom in panic that the real estate market is crashing. 🙂 So… let’s look at a few of the critical local stats.
- The volume of home sales was definitely down in 2010. 662 homes were sold in 2010 vs 775 in 2009 – a 17% reduction in inventory.
- The average sales price, however, went up by almost 6% from $755,626 in 2009 to $803,296 in 2010.
- Foreclosures have been on everyone’s mind. I’ve been talking about shadow foreclosure inventory for awhile now. However, there were only 31 sales in 2010 compared to 21 sales in 2009. Most REOs that sell are in the lower price point with the average sales price $441,909 for 2010.
- Investors are out in force. 58% of all single family home short sale that successfully closed escrow were purchase for ALL cash.
- Only 1 in 4 properties that were being sold in a short sale process closed escrow.
Sold Pasadena Real Estate Market Statistics:
Data is based on information from the Pasadena Foothill Association of Realtors ITEC MLS for the periods shown.
Display of MLS data is deemed reliable but is not guaranteed accurate.
| 2010 | 2009 | % Chg | |
| Single Family Homes | |||
| Volume | 662 | 775 | -17.1% |
| Price/Sq. Ft. | $390 | $383 | 1.8% |
| Ave Sales Price | $803,296 | $755,626 | 5.9% |
| Days on Market | 69 | 70 | -1.4% |
| Size/Sq. Ft. | 1,986 | 1,924 | 3.1% |
| REO Volume | 51 | 50 | 2.0% |
| Short Sales Volume | 27 | 12 | 55.6% |
| Condos & Townhomes | |||
| Volume | 416 | 463 | -11.3% |
| Price/Sq. Ft. | $360 | $351 | 2.5% |
| Ave Sales Price | $482,987 | $455,724 | 5.6% |
| Days on Market | 81 | 83 | -2.5% |
| Size/Sq. Ft. | 1,333 | 1,301 | 2.4% |
| REO Volume | 31 | 21 | 32.3% |
| Short Sales Volume | 27 | 12 | 55.6% |
Pasadena’s Single Family Homes – Real Estate report for August 2010
When we are looking at Pasadena home sales data for August 2010, please keep in mind that most of these homes have actually went under contract sometime in June or July. Hot summer months – in more ways than one. Yes… it was hot. 🙂 But, for real estate purposes, this is also the busiest home selling activity.
Many Pasadena home buyers take advantage of vacation time or kids being out of school to go shopping for their next home.
August in itself, had the lowest number of new home listings in Pasadena at only 77 comparing to close to 100 in the previous months.
The lowest priced home for sale listed in Pasadena was $220,000.
The highest priced home for sale listed in Pasadena was $6,650,000
Pasadena Single Family Home Sales statistics:
| Single Family Residence | May-10 | Jun-10 | Jul-10 | Aug-10 |
| New Listings | 96 | 97 | 100 | 77 |
| Total Listings | 310 | 308 | 342 | 282 |
| Sales Pending | 87 | 90 | 84 | 50 |
| Homes Sold | 70 | 76 | 73 | 50 |
| Listings Expired | 25 | 29 | 33 | 46 |
| Average Days on the Market | 59 | 58 | 68 | 68 |
| Average Price Per Sq. Ft. | $378 | $401 | $373 | $388 |
| Median Selling Price | $548,000 | $687,000 | $668,000 | $565,000 |
| Average Selling Price | $620,090 | $862,668 | $825,831 | $823,022 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 19.2 | 17.6 | 20.3 | 24.4 |
Let’s take a look at the actual Pasadena home sales prices by area:
South West Pasadena
Average price per square foot for homes in the South West Pasadena neighborhood increased by 40.3% from August 2009 to August 2010 from $423 per sq. ft. to $593 per sq. ft.
The South West Pasadena homes also sold 54% faster in the same span of time. The average time on the market for these homes in August 2009 was 93 and in August 2010 was 43 days.
On average the homes in South West Pasadena sold at 98% of list price.
See all Pasadena South West homes for sale here. These home listings are updated “real time”.
READ THE FULL POST ON PASADENA REAL ESTATE 2010 SUMMER STATISTICS HERE
Pasadena real estate housing statistics for January 2010
In reviewing the numbers of home sales in Pasadena California for January 2010 and comparing it to January 2009, the stats that jump out at me are:
Pasadena Single Family Houses for Sale
- The inventory is a bit lower and it takes a lot less time to sell a home in Pasadena this year than last.
- Price per square foot of sold homes is actually higher this year than last.
- Even though there’s less inventory, almost twice as many units sold in January of this year than last.
- And, fewer home listings expired.
Pasadena Condos for Sale
- Again less inventory this year, but significantly higher number of sales – in January of 2009, only 5 condos sold and 33 in January of 2010.
- Price per sq. ft. of sold condos is a bit lower at $367 vs. $379
- Absorption rate is only 19.6 weeks in 2010 vs 158 weeks in 2009
Pasadena Townhouses for Sale
- A lot more new townhome listings this January than last year. However, the total number of units is consistent at 67.
- Only 4 townhomes sold in January of 2010 vs 11 in 2009
- Price per square foot is significantly higher and is over $400. This is most likely driven by a small number of sales. That number will come down in February as volume of sales rises.
| Single Family Residence | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 81 | 53 | 45 | 67 |
| Total Listings | 239 | 226 | 204 | 207 |
| Sales Pending | 31 | 67 | 65 | 61 |
| Homes Sold | 28 | 69 | 68 | 48 |
| Listings Expired | 48 | 36 | 53 | 22 |
| Average Days on the Market | 130 | 67 | 84 | 87 |
| Average Price Per Sq. Ft. | $333 | $368 | $330 | $355 |
| Median Selling Price | $505,000 | $620,000 | $810,000 | $531,500 |
| Average Selling Price | $548,981 | $714,001 | $729,829 | $664,954 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 37.0 | 14.2 | 13.0 | 18.7 |
| Condos | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 44 | 24 | 23 | 56 |
| Total Listings | 183 | 172 | 143 | 149 |
| Sales Pending | 2 | 35 | 29 | 33 |
| Condos Sold | 5 | 29 | 31 | 33 |
| Listings Expired | 24 | 17 | 24 | 37 |
| Average Days on the Market | 113 | 86 | 67 | 79 |
| Average Price Per Sq. Ft. | $379 | $377 | $369 | $367 |
| Median Selling Price | $207,450 | $485,000 | $398,000 | $413,000 |
| Average Selling Price | $427,950 | $491,121 | $474,298 | $414,088 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 158.6 | 25.7 | 20.0 | 19.6 |
| Townhomes | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 8 | 14 | 11 | 26 |
| Total Listings | 67 | 67 | 54 | 67 |
| Sales Pending | 6 | 23 | 12 | 2 |
| Townhomes Sold | 11 | 15 | 27 | 4 |
| Listings Expired | 8 | 4 | 20 | 0 |
| Average Days on the Market | 115 | 59 | 67 | 65 |
| Average Price Per Sq. Ft. | $349 | $397 | $373 | $421 |
| Median Selling Price | $ 462,500 | $ 520,000 | $ 545,000 | $ 503,500 |
| Average Selling Price | $ 436,991 | $ 539,267 | $ 585,007 | $ 504,250 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 26.4 | 19.4 | 8.7 | 72.6 |
Year To Date Pasadena Real Estate Market Statistics:
[altos_chart st=”CA” cid=”1994″ zid=”2894335″ rt=”sf,mf” ra=”a” q=”a” left=”median_price” size=”m” timeSpan=”e” endDate = “2009-11-20” /] [altos_chart st=”CA” cid=”2018″ zid=”2898911″ rt=”sf,mf” ra=”a” q=”a” left=”median_per_sqft” size=”m” timeSpan=”e” endDate = “2009-11-20” /]July 2009 Real Estate Market Report:
See the latest Pasadena Real Estate Market and Housing Report for housing trends as of August 2009.
As expected, the volume of sales has increased dramatically from April to May.
Pasadena home sales increased by 20% from April and homes under contract are 23% higher. Average selling price increased a bit as well. Close to 100 new home listings came up on the market, but the inventory is still a bit under 300 homes.
Here’s a chart from Altos Research group with the historical look at Median prices of Pasadena homes:
As I published March 2009, Pasadena Real Estate Market Housing statistics and report, there were several key points that jumped out at me when I looked at the numbers:
1. The housing inventory is falling in every category – Pasadena homes, Pasadena condos and Pasadena townhomes. In a normal real estate market the inventory will pick up as we get closer to spring and summer months. The number of newly listed Pasadena properties stays the same, but the number of Pasadena home sales almost doubled in March 2009.
2. Absorption Rate – a key real estate statistic – is significantly lower for each of the tracked categories. Absorption rate is an indicator that sellers use to anticipate how long it will take to market their homes for sale. For example, looking at Pasadena single family homes, a Pasadena home seller should understand that if the rate of sales and current inventory remains the same, it will take them on average 21.7 weeks to sell their home. That’s a significant drop in home marketing time from 35.7 and shows a trend towards getting back to a more balanced real estate market.
3. The most significant change in pricing is seen at the Pasadena condo level. Now is the time to get excellent Pasadena condo deals. The price per square foot on a Pasadena condo is at an all time low of $315 per sq. ft. Take a look at Pasadena’s real estate market analysis for the last five years and you’ll see that we’re back to 2003 price levels.
Read the full Pasadena Real Estate Market Report for March 2009 here.
Real estate market Pasadena California statistics for January and February 2009:
nventory of Pasadena homes each month for both January and February almost doubled from December of 2008. More homes are available for sale and more homes are selling. February 2009 ended the month with 37 Pasadena homes sold and 57 homes under contract. This is very much in line with what I’ve been seeing with my clients. A lot of offers are being placed on homes and once again we are seeing multiple offers in homes under $500,000. It’s also interesting to note that single family residences (SFR) in Pasadena sold a bit over 97% of asking price.
The number of available Pasadena condos for sale doubled as well from the end of 2008. A huge increase in the number of Pasadena condos under contract from last year was seen in the month of February. This doesn’t surprise me since condos have experienced a more significant price drop. I was able to help my buyers purchase a condo last month in the South Lake Avenue district just steps from Macy’s for only $249,500. And the price included a seller concession of an additional $7,500 towards closing costs. Quite frankly, this type of purchase was impossible only a few months ago.
READ MORE: Complete statistics and inventory for Pasadena housing – beginning of 2009
Pasadena real estate market report for December 2008:
December has been uneventful for Pasadena’s real estate market. Inventory of homes and condos dropped from last several months to 250 homes and 158 condos. While the number of available Pasadena townhomes for sale increased to 76 units.
Since, there was an increase in the number of homes sold and the number of Pasadena sellers that decided to take their homes off the market, absorption rate dropped dramatically.
I expect that we will see a lot more Pasadena property listings hit the market in January since many home sellers wait until after the holidays to list their Pasadena home for sale. I also expect banks to start releasing foreclosures that they’ve been holding on to for book keeping purposes.
While prices have been basically flat over the last several weeks, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are becoming more available and Pasadena buyers are tending to get more home for their money.
Read More: Complete statistiscs for Pasadena real estate – December 2008
Interested in searching for Pasadena homes and condos for sale? Here’s a list of all available properties including foreclosures:
Pasadena Real Estate Market Statistics for October 2008 through December 2008:
| Single Family Residence |
Oct-08 | Nov-08 | Dec-08 |
| New Listings |
72 | 56 | 46 |
| Total Listings |
303 | 261 | 250 |
| Sales Pending |
61 | 29 | 40 |
| Homes Sold | 71 | 42 | 69 |
| Listings Expired |
54 | 53 | 83 |
| Average Days on the Market |
141 | 115 | 102 |
| Average Price Per Sq. Ft. |
$411 | $402 | $373 |
| Average Selling Price |
$811,092 | $699,591 | $760,146 |
| Median Selling Price |
$620,000 | $445,750 | $560,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
18.5 | 26.9 | 15.7 |
| Condos | Oct-08 | Nov-08 | Dec-08 |
| New Listings |
43 | 39 | 26 |
| Total Listings |
165 | 159 | 158 |
| Sales Pending |
26 | 7 | 22 |
| Homes Sold | 31 | 17 | 19 |
| Listings Expired |
16 | 27 | 29 |
| Average Days on the Market |
135 | 110 | 60 |
| Average Price Per Sq. Ft. |
$401 | $377 | $355 |
| Average Selling Price |
$442,758 | $428,641 | $410,363 |
| Median Selling Price |
$415,000 | $455,000 | $380,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
23.1 | 40.5 | 36.0 |
| Townhomes | Oct-08 | Nov-08 | Dec-08 |
| New Listings |
12 | 27 | 20 |
| Total Listings |
68 | 68 | 76 |
| Sales Pending |
3 | 10 | 13 |
| Homes Sold | 15 | 5 | 14 |
| Listings Expired |
10 | 5 | 26 |
| Average Days on the Market |
72 | 36 | 116 |
| Average Price Per Sq. Ft. |
$347 | $426 | $351 |
| Average Selling Price |
$ 544,820 |
$ 604,600 |
$540,214 |
| Median Selling Price |
$ 519,900 |
$ 575,000 |
$465,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.6 | 58.9 | 23.5 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)
Read More: going into escrow in October.
Pasadena real estate market report for October 2008:
Pasadena’s real estate inventory of homes has decreased in October to 127 units overall – inclusive of single family residences, condos and townhomes. It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from. The sales have closed strongly in October at 117 units. Next month, we will see a marked decrease in this number as evidenced by the decline in the
This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports. Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less. Hope that you will find it useful.
Market Action Indicator for Pasadena’s real estate is currently in the buyer’s zone though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.
The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000. This home sold over its original asking price of $226,900.
Overall, October’s single family residences sold at 95.20% of their asking price.
Housing Market Statistics for Pasadena California for August 2008 through October 2008:
| Single Family Residence |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
80 | 78 | 72 |
| Total Listings |
325 | 341 | 303 |
| Sales Pending |
43 | 95 | 61 |
| Homes Sold | 69 | 59 | 71 |
| Listings Expired |
36 | 59 | 54 |
| Average Days on the Market |
133 | 115 | 141 |
| Average Price Per Sq. Ft. |
$407 | $396 | $411 |
| Average Selling Price |
$923,986 | $751,228 | $811,092 |
| Median Selling Price |
$657,000 | $655,000 | $620,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
20.4 | 25.0 | 18.5 |
| Condos | Aug-08 | Sep-08 | Oct-08 |
| New Listings |
31 | 46 | 43 |
| Total Listings |
136 | 156 | 165 |
| Sales Pending |
9 | 38 | 26 |
| Homes Sold | 27 | 21 | 31 |
| Listings Expired |
22 | 35 | 16 |
| Average Days on the Market |
115 | 121 | 135 |
| Average Price Per Sq. Ft. |
$397 | $445 | $401 |
| Average Selling Price |
$515,896 | $459,540 | $442,758 |
| Median Selling Price |
$399,500 | $350,000 | $415,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
21.8 | 32.2 | 23.1 |
| Townhomes | Aug-08 | Sep-08 | Oct-08 |
| New Listings |
11 | 16 | 12 |
| Total Listings |
57 | 69 | 68 |
| Sales Pending |
6 | 18 | 3 |
| Homes Sold | 13 | 15 | 15 |
| Listings Expired |
4 | 12 | 10 |
| Average Days on the Market |
111 | 130 | 72 |
| Average Price Per Sq. Ft. |
$385 | $358 | $347 |
| Average Selling Price |
$ 597,477 |
$ 512,933 |
$ 544,820 |
| Median Selling Price |
$ 539,000 |
$ 500,000 |
$ 519,900 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.0 | 19.9 | 19.6 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).