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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:

  • Thu, 20 Jul 2017 11:48:00 +0000: $1,150,000 :: 1230 Solita Road, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 4 baths
    Home size: 2,374 sq ft
    Lot Size: 7,405 sq ft
    Added: 06/30/17, Last Updated: 07/20/17
    Property Type: Single Family
    MLS Number: 817000496
    Community: 645 - Pasadena (NW)
    Tract: Not Applicable - 1007242
    The price of this listing was last reduced on 6/30/2017 by 5%
    Status: Active


    This is a single story romantic Spanish built with exceptional quality in 1931. Very large and spacious rooms with fine architectural details makes this a special home. Close to he Rose Bowl and Brookside Golf course and many recreational activities to enjoy. Fireplace in living room and a stunning picture window and high beamed ceilings. Charming eat in kitchen with Satio tiled floors new marble counter tops and back splash. Dining room with built in cabinet. Hardwood floors throughout the home add to the character.

    Listed with 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/!


  • Thu, 20 Jul 2017 10:55:00 +0000: $479,900 :: 330 W California Boulevard #104, Pasadena CA, 91105 - Pasadena Home Search
    1 bed, 2 baths
    Home size: 966 sq ft
    Lot Size: 43,124 sq ft
    Added: 07/20/17, Last Updated: 07/20/17
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 317005674
    Community: 647 - Pasadena (SW)
    Tract: Not Applicable-647
    Status: Active


    Location! Location! Location! This wonderful mid-century style condo, in the prestigious Castlegate HOA, is located adjacent to Millionaires Row on South Orange Grove Blvd. Join the annual New Year's Eve party as the Rose Parade floats line up just steps from your front door. Unit 104 welcomes you through a double door entry into an open floor plan, that overlooks an over-sized balcony perfect for entertaining or dining al fresco. This home offers a large master suite with ample closet space, and a private remodeled bath. A second guest 3/4 baths is just off the living room. While the building has two laundry facilities, there is also the possibility to add an in unit washer and dryer, with HOA approval. And of course, this home has central air to keep you cool all summer long! The building has recently undergone several upgrades such as a new elevator, fresh paint and new carpet in the common areas, as well as the balconies of each unit recently renovated. The pool and spa have also been resurfaced. The HOA is $325 per month.

    Listed with Keller Williams R.E. Services


    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, 20 Jul 2017 10:55:00 +0000: $1,000,000 :: 2134 Oakdale Street, Pasadena CA, 91107 - Pasadena Home Search
    3 beds, 2 baths
    Home size: 1,700 sq ft
    Lot Size: 6,098 sq ft
    Added: 07/20/17, Last Updated: 07/20/17
    Property Type: Single Family
    MLS Number: PW17165994
    Community: 648 - Pasadena (SE)
    Status: Active


    Welcome to 2134 Oakdale St. beautifully upgraded single story home located in the highly desirable CalTech area of Pasadena. Situated on a large corner lot, this lovely home boasts approximately 1,700 square feet of living space and has been recently remodeled and upgraded throughout, new interior designer paint, new windows, new gorgeous kitchen with new cabinets, granite counter tops and beautiful back-splash providing plenty of counter space and eating area, the new stainless steel appliances complement the upscale look. This home has 3 large bedrooms and 2 full bathrooms, which have also been remodeled. There is inside laundry next to the kitchen. The home has beautiful hard wood floors recently refinished and the elegant living room provides plenty of natural light and a cozy fireplace. The formal dining room is adjacent to the living room and kitchen and provides a great layout for entertaining. This home has lots of character and is perfect for the most discerning buyers. There is central AC and heating system. With a good size corner lot of over 6,300 sqft there is plenty of room to grow. This is truly a gem home and priced to sell fast!

    Listed with First Team 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/!


  • Thu, 20 Jul 2017 09:08:00 +0000: $809,900 :: 481 Eaton Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,702 sq ft
    Lot Size: 6,534 sq ft
    Added: 07/07/17, Last Updated: 07/20/17
    Property Type: Single Family
    MLS Number: CV17154326
    Community: 646 - Pasadena (NE)
    The price of this listing was last reduced on 7/12/2017 by 1%
    Status: Active


    Look around, this mid century home is one of the cheapest homes in the entire city of Pasadena!!! You can re-model it however you want!!! Look at the square footage!! Although the property has 3 bed 1 full bath and another quarter bath, it can be potentially converted into a 4 bed 2 bathroom home. What you do have is location! Absolutely gorgeous area of Pasadena, just a quick walk to the parade route! You get the best of everything, Great Location, Great Price, and a blank canvas you can upgrade all to your liking! Best of all, imagine how much equity you could have once you fix it up. Or just move in and fix it up over time! This is a for sale listing only, this property is not available for rent or lease.

    Listed with FABRICIO BADIOLA, BROKER


    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, 20 Jul 2017 07:58:00 +0000: $925,000 :: 1124 Las Brisas Way, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,866 sq ft
    Lot Size: 197,762 sq ft
    Added: 03/05/17, Last Updated: 07/20/17
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS17044897
    Community: 648 - Pasadena (SE)
    The price of this listing was last reduced on 5/9/2017 by 0%
    Status: Active


    The best townhouse in SAN MARINO SCHOOLS district, located in the prestigious park-like Huntington Grove Estate. The two bedrooms and 2.5 baths 1866 square foot unit features living room with cozy fireplace, wet bar and book shelves, formal dining room and breakfast nook, big master suite with walking closet and double sink bathroom, bright and airy, newer water heater, range/oven, newer central air conditioning, direct access to attached two car garage. This well managed community offers sparkling pool and spa, pool house with saunas, beautiful mature trees and grass areas, very convenient location to schools, markets and bus lines. HOA fee includes water/trash, fire/earthquake insurance.

    Listed with UNIVERSAL INVESTMENT CO.


    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, 20 Jul 2017 04:59:00 +0000: $11,500,000 :: 1333 WENTWORTH Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    7 beds, 7 baths
    Home size: 9,422 sq ft
    Lot Size: 61,419 sq ft
    Added: 07/19/17, Last Updated: 07/20/17
    Property Type: Single Family
    MLS Number: 17252994
    Community: 648 - Pasadena (SE)
    Status: Active


    This gracious 1910 estate in the Oak Knoll neighborhood has been the Pasadena Showcase House of Design twice, both in 2015 and in 1993. Designed by Fernand Parmentier, a leading champion of the Arts and Crafts movement, it has many Craftsman elements, from horizontal bands of windows to Honduran mahogany beams and moldings. A foyer hearth with built-in settle, a grand salon ceiling of intricately carved plaster and a stunning fireplace surround of green Grueby tile add to the rich ambiance. The completely remodeled Craftsman style kitchen features apron-front sinks and an island with statuary Grigio marble counter. The master bath has a floating glass shower stall sized for two. A large carriage house now serves as a guest home. The expansive grounds include a swimming pool, wisteria arbor, koi pond, and outdoor kitchen with wood-fired pizza oven.

    Listed with 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/!


  • Wed, 19 Jul 2017 19:17:00 +0000: $1,449,000 :: 387 Marengo Avenue #308, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 1,631 sq ft
    Lot Size: 38,768 sq ft
    Added: 07/19/17, Last Updated: 07/19/17
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 817000875
    Community: 648 - Pasadena (SE)
    Tract: Other
    Status: Active


    Project close-out...remaining purchase opportunity of unique 3rd-story penthouse unit in award-winning Evanston Court community. Unit features 3 bedrooms plus den, 2 and 3/4 baths, three outdoor terraces and private elevator lobby. Includes 100 sq. ft. private storage room at garage level.Unit is staged & ready to show. Quick close! The Evanston Court community offers a tranquil setting and delicate blending of new and historic structures. Located in Pasadena's Raymond Hill area, this community is ranked a ''Walker's and Biker's Paradise'' by www.walkscore.com. Your daily errands can be easily completed without the use of a car. The Metro Gold Line Del Mar Station is less than a 10-minute walk from your front door, offering high-quality rail service to Downtown Los Angeles and beyo

    Listed with Heritage Housing Partners


    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, 19 Jul 2017 16:52:00 +0000: $749,900 :: 920 Granite Drive #106, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 2 baths
    Home size: 1,380 sq ft
    Lot Size: 82,764 sq ft
    Added: 12/05/16, Last Updated: 07/19/17
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: PW17014245
    Community: 648 - Pasadena (SE)
    The price of this listing was last reduced on 6/10/2017 by 3%
    Status: Active


    Great new price, great Value!!! Great Live/Work condo in the heart of Pasadena South Lake shopping area. Ground floor unit with direct access to San Pasqual for your business. Live on the top floor which is set up as a studio with full bath and have your business on the 1st floor which also has a ½ bath. Offer approx. 1364 sqft and another 315 sqft in Terrace/balcony space. Top of the line interior amenities include kitchens with Viking Professional Series stainless steel appliances, solid wood cabinets and hardwood flooring. Granite Park Place is a full service luxury building with concierge and valet parking services, club room, fitness center, pool and spa, outdoor fireplace and poolside barbeque. The lounge, private club room with kitchen is the perfect area to entertain. Fitness room, on site controlled monitoring and a gated underground parking complete the building amenities. Incredible location...close to fine dining, shops, theaters and easy access to all. Urban living at it's best. All sqft measurements should be verified by buyer and agent. Not many live/work places like this!!

    Listed with Re/Max Terrasol


    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, 19 Jul 2017 09:44:00 +0000: $598,000 :: 2439 Oswego Street #10, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,352 sq ft
    Lot Size: 15,245 sq ft
    Added: 07/19/17, Last Updated: 07/19/17
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR17154704
    Community: 648 - Pasadena (SE)
    Status: Active


    Gorgeous luxury townhouse on quiet tree lined street in a great neighborhood with minimal traffic; just a few blocks from San Marino; within close proximity to Old Town Pasadena, Cal Tech, Pasadena City College, 210 fwy and Gold Line. Walking distance from public library, schools, markets, gyms, shops, restaurants, cafes and car washes. Only 2 blocks away from the annual Rose Parade, walk to your front seat view every New Year's Day! 2004 built; very well-maintained and move-in condition. New Paint, new floors and new carpet. Unit has only one shared wall with neighbors. Two bedrooms plus den. Den can be used as the third bedroom. Master bedroom with walk-in closet. Granite counter tops for kitchen and all bathrooms. Kitchen with range oven and dishwasher. Private patio, fireplace, inside laundry hookup, central A/C and heating. Gated access to private subterranean 2-car attached garage with direct access to unit. Separate basement storage room adjacent to garage.

    Listed with 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/free-home-search/!


  • Wed, 19 Jul 2017 09:44:00 +0000: $999,000 :: 19 Oak Knoll Gardens Drive, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,155 sq ft
    Lot Size: 4,356 sq ft
    Added: 07/19/17, Last Updated: 07/19/17
    Property Type: Single Family
    MLS Number: 817000865
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable - 1007242
    Status: Active


    This stunning Spanish revival cottage is reminiscent of old Pasadena in its design and charm, located on a private road nestled in the very sought-after Madison Heights neighborhood. Location is ideal with walkability to Lake Avenue, shops, restaurants, markets, coffee houses and more, as well as the Langham. This wonderful condo alternative boasts a beautiful front yard, garden seating area and outdoor dining area ideal for entertaining. The home maintains its integrity while offering all of the modern amenities. Flooded with natural light enter into the large living room with gorgeous fireplace. Lovely open floor plan between the living room, large dining room and home office/sun room.

    Listed with 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/!


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