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Pasadena Home Sales Update



2013 has a strong start for Pasadena home sales.  Pasadena California is in a strong seller’s market.  No longer do home buyers have plenty of homes to choose from.  And, the prices are going up… Thankfully, the interest rates are still at record lows, but they only fuel the desperation seen in the market place with multiple home buyers bidding for same home.  This should be no surprise for my readers since I’ve been talking about the market turning for quite awhile now.

But, let’s take a look at historical data.

Pasadena home sale statistics 2003 to 2012

Highlights:

  • Average sold prices in Pasadena are back to just above 2003 levels.  $668,040 would buy you an average 3 bedroom, 2 bath home last year.
  • Inventory of available homes is the lowest in 10 years – January 2013 had only 122 Pasadena homes for sale!
  • More homes are in demand.  A whopping 938 homes have been sold last year.  We have not seen this volume since 2006.

Interesting Facts:

  • 1 in 3 homes were purchased for all cash last year.  
  • 2nd mortgages are almost non-existent – only 1.8% of home owners were able to get a 2nd loan with their purchase.  Almost 43.4% of all home purchases in 2006 had a 2nd mortgage.
  • More home buyers are taking advantage of the low interest rates by locking in fixed rate loans.  3.7% in 2012 was the average compared to 6.4% in 2006.
  • Affordability is at 51% in 2012, up from only 12% in 2006.

Now… FUN facts:

  • Highest priced home sale in Pasadena in 2012 closed at over $8 million!
  • So far, in the first month of 2013, Pasadena already had a home sale over $7 million!!!

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.

Statistics gathered from Pasadena Foothill Association – Single Family Homes only.


Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Interested in seeing what available for sale? Take a look at the home listings below. The information is updated real-time as new homes are entered into the Multiple listings service:

  • Wed, 23 Jul 2014 16:44:00 +0000: $498,000 :: 909 Cypress Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 part baths
    Home size: 1,485 sq ft
    Lot Size: 6,628 sq ft
    Added: 07/09/14, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: 214026317
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Conditional


    This 3 bedroom and 2 bath home is located in the beautiful City of Pasadena, home of the Rose Bowl and Rose Parade. Close to restaurants and shopping and just east of Brookside Park and the Rose Bowl and only a few minutes from popular Old Town Pasadena. Zoning is RM-12 according to the City of Pasadena - Buyer to verify. It may be possible to add an additional unit subject to City approval. Buyer to verify zoning, building requirements and setbacks, lot and home size, and allowable uses with the City of Pasadena. Seller prefers to sell this property together with the adjacent lot (APN: 5711-001-040. 5321 square feet. Listing # 214026330) which is also listed for sale.

    Listed with Daniel Bryant, 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!


  • Wed, 23 Jul 2014 16:43:00 +0000: $1,115,000 :: 1030 Lunada Lane, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 4 full baths
    Home size: 2,862 sq ft
    Lot Size: 4,700 sq ft
    Added: 07/23/14, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: AR14156573
    Community: Pasadena Ne
    Status: Active


    This two story beautiful home features 4 bedrooms. (2 master suites). Many upgrades: granite counters with full backsplash in kitchen, French doors in family room, stainless appliances, patio & driveway pavers and more. Show it they will love it. This house can be located on your GPS systems by tying 1000 N. Rose Avenue, Pasadena, CA 91107

    Listed with Yan Zhang, Long Dragon Realty Group, 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!


  • Wed, 23 Jul 2014 16:29:00 +0000: $539,000 :: 222 South Catalina, Unit 1, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,310 sq ft
    Lot Size: 1,133 sq ft
    Added: 07/05/14, Last Updated: 07/23/14
    Property Type: Townhouse, Residential
    MLS Number: 214025778
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Elegant airy and bright front unit well built, modern town house with great smooth floor plan.This Unit has a private two car spaces under the unit.This is a very desirable Lake Avenue business district location.Easy walk to shopping, transportation, restaurants, CAL TECH, P.C.C.This Unit has a laundry room with washer and drier kook up, refrigerator, dish washer and microwave.The unit has hardwood floor downstairs and brand new carpet in the three bedrooms upstairs.

    Listed with Salah Ali Eltantawi, A. Realty Company


    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!


  • Wed, 23 Jul 2014 16:27:00 +0000: $765,000 :: 2244 E MOUNTAIN ST, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 1,596 sq ft
    Lot Size: 7,253 sq ft
    Added: 07/16/14, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: 14778599
    Community: Pasadena Ne
    Status: Active


    Move-in ready. Beautifully remodeled traditional home located on a charming street in Northeast Pasadena near Victory Park and farmers market. Central air and heat, restored hardwood floors, updated open-style galley kitchen, 3 bedrooms including a large, new fully permitted master suite (with 3 closets and spacious bathroom with dual sinks). Additional updates include new copper plumbing and electrical panel and wiring throughout, and enhanced landscaping in both the front and backyards. Don''t miss this opportunity to own in one of Pasadena''s most sought after neighborhoods!

    Listed with Brigham Yen, Miren, 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!


  • Wed, 23 Jul 2014 16:20:00 +0000: $1,500,000 :: 379 Bellefontaine Street, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,343 sq ft
    Lot Size: 12,518 sq ft
    Added: 07/16/14, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: 214027134
    Community: Pasadena Sw
    Tract: Not Applicable-647 (NA647)
    Status: Conditional


    Welcome to this quaint cottage with 3 bedrooms, 3 baths, den, guest house, separate office/studio. This warm and inviting home is located in the Southwest Pasadena neighborhood. It was once a carriage house, now converted into a single family residence offering charm and more charm.

    Listed with Charles Livingstone, Coldwell Banker Residential Brokerage Company


    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!


  • Wed, 23 Jul 2014 15:55:00 +0000: $799,000 :: 3249 East Del Mar Boulevard, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,950 sq ft
    Lot Size: 7,350 sq ft
    Added: 05/27/14, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: 214020638
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    You wont believe this stunning traditional, fully remodeled home with guest quarters. Located just north of Chapman Woods and across from Wilson Middle School. Don''t be fooled by this home''s humble street presence, this is the nicest home you will see for this price. Fully remodeled by a homeowner that did not intend on selling, this house is all nines. Beautiful hardwood flooring throughout. Living room, dining room, family room combo creates the ultimate open floor plan. Large cooks kitchen features exotic stone countertops, beautiful cabinetry and direct patio access. Dining room is huge and accommodates the largest of gatherings. Master suite and both bedrooms are large and filled with light. Walk in closet in the master. Recessed lighting throughout home. Ample living room has direct access to the truly oversize covered patio for outdoor living at its finest. Two bedroom guest house has a full kitchen and separate private entrance.

    Listed with David Krohn (w/ Erik Reppe), Property Masters 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!


  • Wed, 23 Jul 2014 15:02:00 +0000: $799,000 :: 645 North Raymond Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    5 beds, 1 full, 2 part baths
    Home size: 2,952 sq ft
    Lot Size: 9,671 sq ft
    Added: 07/23/14, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: 214026964
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    This newly renovated craftsman home built in 1904 & designed by noted craftsman architect Charles W. Buchanan offers a slice of Pasadena history, with all the comforts of the modern world. A fully updated kitchen, two remodeled bathrooms & new powder room. Upstairs features four bedrooms plus a nursery and full bath. The ground floor bedroom is a perfect ''mother-in-law suite'' with a separate entrance. The house boasts refinished hardwood floors throughout, a formal dining room that opens into the spacious living room with gas fireplace, a cozy library, a separate den with pocket doors & a light & airy breakfast room off the kitchen, perfect for entertaining. If that isn''t enough, this home has an elegantly situated craftsman front porch, automatic garage door with attached potting shed, manicured yard & a California basement which could easily be used as a wine cellar. Located two blocks from a Starbucks, grocery stores & banks and walking distance to historic Old Town Pasadena.

    Listed with Kathleen Barnett, John Aaroe Group 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!


  • Wed, 23 Jul 2014 15:00:00 +0000: $368,000 :: 166 East Tremont Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,460 sq ft
    Lot Size: 6,744 sq ft
    Added: 12/20/13, Last Updated: 07/23/14
    Property Type: Single Family, Residential
    MLS Number: 214028234
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Elbow grease. That''s all it will take to get this fantastic light fixer/character duplex ready for the perfect rental investment, or to live in one unit and rent out the other. With a large home in the front, and a studio in back, this unpolished gem will provide nice cash flow, or a great rental to help make an affordable mortgage even more so.

    Listed with Stephen Aranda, Keller Williams


    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!


  • Wed, 23 Jul 2014 14:36:00 +0000: $449,000 :: 625 East Del Mar Boulevard, Unit 105, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,276 sq ft
    Lot Size: 23,497 sq ft
    Added: 07/23/14, Last Updated: 07/23/14
    Property Type: Condominium, Residential
    MLS Number: 214027165
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Del Mar Courts is one of Pasadena''s most desirable complexes located in central Pasadena. This 24-unit contemporary building is close to South Lake shopping,Playhouse District restaurants and Paseo Colorado. Located on the first floor, this light and bright, single-level unit faces the interior courtyard. The remodeled kitchen has newer cabinets, granite countertops, recessed lighting, newer appliances and opens to dining area. The living room has a wood-burning fireplace, built-in bar and mirrored walls adding to the drama and charm. A master suite offers double sinks and newer tile floors. Additional features include in-unit laundry, an expansive private partially covered patio area inviting for dining al fresco, two subterranean parking spaces, elevator, security system, and an attractive common area courtyard.

    Listed with Richard Langstaff, Podley 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!


  • Wed, 23 Jul 2014 14:32:00 +0000: $358,888 :: 77 North Michigan Avenue, Unit 14, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 913 sq ft
    Lot Size: 15,044 sq ft
    Added: 07/11/14, Last Updated: 07/23/14
    Property Type: Condominium, Residential
    MLS Number: WS14149740
    Community: Pasadena Sw
    The price of this listing was last increased on 7/23/2014 by 0%
    Status: Active


    Location, Location, Location! What a lovely Condominium, Imagine yourself living near of Pasadena Hometown with lots of places to go or after your hard work coming to relax at this quiet property that can be yours for a decent price to be called Home Sweet Home. Why Rent when you can Buy?easy access to the Metro Gold Line (804) & freeway 210. Upon entering, the first level features an ample open floor plan with Fire Place at living room, kitchen, dining area, powder room and laundry space and closet. A private patio is accessed off the dining area. After You enjoy staying at the living room, just go up the stairs to have sweet dreams at The second level which has two well sized bedrooms sharing a full bathroom. The two parking spaces are included in the secured gated subterranean garage. Make appointment to see this beauty, you will be glad to do it before is gone. Ask your Realtor for more details about restrictions and conditions. This property is offered to sell as is and where is, brokers and seller recommends buyers to do its own diligence and investigations with the appropriate authorities to satisfy themselves, not many listings at this price. Avoid competition, get early. Thank You for your visit.

    Listed with ALVARO LOZANO (w/ ZI-XIANG CHANG), EAST WEST 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!


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