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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:

  • Sat, 18 Nov 2017 17:22:00 +0000: $610,000 :: 490 Pepper Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 2 baths
    Home size: 1,350 sq ft
    Lot Size: 7,388 sq ft
    Added: 11/18/17, Last Updated: 11/18/17
    Property Type: Single Family
    MLS Number: 817002844
    Community: 645 - Pasadena (NW)
    Tract: Not Applicable - 1007242
    Status: Active


    First time on the market since 1949! This 1916 Traditional Home has interior features similar to the Craftsman/bungalow, reflecting simplicity of style, with high ceilings and wide moldings. Previously, the front porch was built the width of the home, and is now an enclosed living space, with permit. The front house features 4 bedrooms and 2 baths. The kitchen is large and contains a laundry area with one of the bedrooms and baths just off the kitchen. Title shows this property as a Duplex, comprised of 9 bedrooms and 3 baths. The rear unit was built in 1947 and has not been occupied in over 20 years. At one time, the rear unit had three kitchens which have since been removed.

    Listed with 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/free-home-search/!


  • Sat, 18 Nov 2017 05:23:00 +0000: $625,000 :: 339 Santa Paula Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,253 sq ft
    Lot Size: 6,214 sq ft
    Added: 10/31/17, Last Updated: 11/18/17
    Property Type: Single Family
    MLS Number: CV17247542
    Community: 646 - Pasadena (NE)
    Status: Active


    Situated on a tree lined street, this charming home has tons of potential and is conveniently located close to shopping, dining, schools, parks, hiking trails, Metro Gold Line & the 210 freeway. Great opportunity for an investor or buyer that is looking to move in to a sought after area. Very open floor plan, original wood floors, fireplace, 2 car garage, large backyard and French doors leading to enclosed patio.

    Listed with CENTURY 21 ADAMS & BARNES


    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/!


  • Sat, 18 Nov 2017 05:23:00 +0000: $1,980,000 :: 3385 Trevan Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 4 baths
    Home size: 3,348 sq ft
    Lot Size: 25,264 sq ft
    Added: 05/01/17, Last Updated: 11/18/17
    Property Type: Single Family
    MLS Number: AR17093328
    Community: 646 - Pasadena (NE)
    The price of this listing was last reduced on 8/10/2017 by 9%
    Status: Active


    Huge price reduction, Situated half way over hill side of Easton Canyon Golf Coruse community, this ranch house underwent extensive updates with three suites, living room, kitchen, dinning room, entertainment room and family room with study. Facing southward, this one story building is engulfed by lavish green and blooming flowers of all sorts in front yard, back yard and side yards. Surrounding wall windows, patios and corridors eagerly invite in natural beauties of all seasons. Owner and guests will find the court yard emanating warmth and joyfulness when gathering drums up. To enhance its charm, owner replaced the plumbing system with new copper pipe, new sewage pipe, new central cooling and heating system with new ducting. All 3 bed rooms are suites with updated bath room fixtures. New water heater is added. Internet and telephone lines are upgraded as well as ADT security system. Among all, Teak hardwood are laid throughout the house floor. This casual and comfortable California ranch is unique and a true beauty.

    Listed with Coldwell Banker San Marino


    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/!


  • Sat, 18 Nov 2017 04:18:00 +0000: $529,000 :: 1795 Mentone Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 780 sq ft
    Lot Size: 5,420 sq ft
    Added: 11/17/17, Last Updated: 11/18/17
    Property Type: Single Family
    MLS Number: MB17260766
    Community: 645 - Pasadena (NW)
    Status: Active


    This impressively remodeled Cottage is sure to delight all who enter! This warm and cozy 2 bedroom/1 bath 780 square feet home is filled with light, tastefully updated, and a comfortable open floor plan. Off the living room you'll notice right away the spacious, social and updated kitchen with plenty of storage, which incorporates stainless steel appliances, quartz countertops with a gorgeous backsplash along with a eat-in dining bar, sophisticated cabinetry and updated with a contemporary range hood. Beyond the kitchen you will find the laundry area located by the back which leads out to the spacious backyard. Other recent upgrades includes wood look tile flooring through out the home, new fixtures, remodeled bathroom, recessed dimmable lighting, interior six pannel doors, double paned windows, newer interior paint, new drywall and insulation, copper plumbing, upgraded electrical system, outdoor surveillance  cameras and updated HVAC system. Total lot size is 5,420 square feet so the possibilities are endless by making this back yard into an oises or expand the current living square footage. Home offers a fully finished drywall detach single car garage with automatic door opener. Home is near schools, public transportation and easy access to the 210 freeway.

    Listed with REALTY WORLD LONE STAR BROKERS


    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, 17 Nov 2017 10:20:00 +0000: $2,899,000 :: 1450 EL MIRADOR Drive, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,928 sq ft
    Lot Size: 13,625 sq ft
    Added: 08/23/17, Last Updated: 11/17/17
    Property Type: Single Family
    MLS Number: 17263038
    Community: 645 - Pasadena (NW)
    The price of this listing was last reduced on 11/14/2017 by 0%
    Status: Active


    Nestled among the trees, lies this meticulously upgraded Mid-Century Modern masterpiece. The one of a kind architectural was designed by AIA President Roland Russell in 1961. Stepping inside you are greeted by a flood of natural light coming from an atrium complete with a specimen Japanese cedar. The spacious living room boast an original pewter fireplace and custom brass wet-bar. Pass through the gorgeous dining room into the kitchen with a massive island, and top of the line Miele appliances. The master-suite has another atrium, and private library. The atrium's large deck and outdoor tub is perfect for meditation, yoga or a moonlight bath. The master bath features a steam shower, cathedral ceilings, and heated flooring. The guest quarters has two bedrooms a full bathroom and powder room. Lastly head outside where you'll find a large grassy lawn, outdoor shower and a brand new swimming pool; equipped with a 10 person hot-tub, underwater speakers and an ozone filtration system.

    Listed with Douglas Elliman


    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, 17 Nov 2017 02:25:00 +0000: $1,499,000 :: 3810 Fairmeade Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 3 baths
    Home size: 2,724 sq ft
    Lot Size: 13,264 sq ft
    Added: 11/16/17, Last Updated: 11/17/17
    Property Type: Single Family
    MLS Number: WS17230834
    Community: 646 - Pasadena (NE)
    Status: Active


    Located in the desirable Lower Hastings Ranch, this beautiful single level home sits on the East end of Pasadena. This home can accommodate a large family with 5 bedrooms, 3 bathrooms and a large yard. The living room and family room each have a fireplace. There is wood flooring through out most of the house with tile in the kitchen, laundry and bathrooms. There are dual-pane vinyl window, new stucco and exterior paint, dual heating/AC units and many other features you must come and see.

    Listed with MICHAEL VANESIAN


    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, 16 Nov 2017 18:28:00 +0000: $1,049,000 :: 1101 HEATHERSIDE Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,428 sq ft
    Lot Size: 26,665 sq ft
    Added: 10/25/17, Last Updated: 11/16/17
    Property Type: Single Family
    MLS Number: 17283796
    Community: 645 - Pasadena (NW)
    The price of this listing was last reduced on 10/26/2017 by 24%
    Status: Active


    Linda Vista retreat w/pool, nestled in the hills this very private home is walking distance to the Rose Bowl & Old Town Pasadena. 3 bed, 2 bath open floor plan. Price reduced to account for kitchen; carport & pool/backyard work needed; home was remodeled in 2007: copper plumbing; upgraded electrical; wired for home audio; new Douglas Fir interior doors; Rocky Mountain hardware, water heater (installed 2016-2017 per owner) insulated walls & ceiling for energy efficiency; shingle roof; custom painted inside; Large gated rear yard w/concrete deck & pool (needs TLC) Huge lot, 26,666 sq ft. Premium features include triple-light windows & French doors that open to brick courtyard & deck that welcome alfresco dining; engineered wood flooring; Benjamin Moore interior paint; large living area; Calcotta Borghinni marble gas fireplace; recessed lights; enjoy entertaining around the 7 ½ foot island w/deep stainless steel double sink set in White Zeus silestone w/3-stool breakfast bar.

    Listed with Keller Williams Realty Pacific


    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, 16 Nov 2017 12:24:00 +0000: $1,198,000 :: 153 S Hudson Avenue #401, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 2,520 sq ft
    Lot Size: 11,525 sq ft
    Added: 04/23/17, Last Updated: 11/16/17
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR17088137
    Community: 648 - Pasadena (SE)
    The price of this listing was last reduced on 9/19/2017 by 4%
    Status: Active


    Back on the market .THE PENTHOUSE mountain views, elevator travels into unit from garage! Enjoy the beautiful mountain views from your floor to ceiling glass windows. Master bedroom has its own private balcony, large soak tub, dual sinks and a huge walk-in closet. Second bedroom has a breath-taking mountain view, with an on suite bathroom beautifully tiled. The kitchen is complete with Quartz counter-tops, see-through cabinets, ample counter space and a laundry room just off of the kitchen. The living room has views galore; enjoy entertaining while your guests are awed by the mountains and city lights. The elevator travels directly into this unique home with private key for the Penthouse only. You will be delighted and enchanted by this stand-out home!

    Listed with Treeline Realty & Investment


    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, 16 Nov 2017 11:21:00 +0000: $1,060,000 :: 365 San Juan Place, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 2,045 sq ft
    Lot Size: 8,747 sq ft
    Added: 06/21/17, Last Updated: 11/16/17
    Property Type: Single Family
    MLS Number: CV17140486
    Community: 648 - Pasadena (SE)
    The price of this listing was last reduced on 10/30/2017 by 4%
    Status: Active


    Charming single-story home at the end of quiet cul-de-sac. Inviting entry leads to spacious sun-filled dining room and living room with gleaming hardwood floors, brick fireplaces and floor-to-ceiling glass doors opening to the grassy, private yard. Bright kitchen with eat-in area. Spacious bedroom, full bathroom & master bedroom with en-suite featuring tub & walk-in shower. Enjoy the covered porch, private yard and fabulous in-ground pool that is ideal for entertaining! Other features include: central AC, attached two car garage & ample driveway parking. New copper plumbing.

    Listed with CENTURY 21 MASTERS


    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, 16 Nov 2017 02:03:00 +0000: $400,000 :: 144 W Claremont Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 726 sq ft
    Lot Size: 7,279 sq ft
    Added: 11/15/17, Last Updated: 11/16/17
    Property Type: Single Family
    MLS Number: IG17259042
    Community: 645 - Pasadena (NW)
    Status: Active


    Run don't walk before this opportunity is gone. This Charming Spanish Style home is close to everything shopping, schools, freeways, Rose Bowl. Beautiful tree lined street. It has two spacious rooms and 1 bathroom, raised foundation with real wood flooring.

    Listed with Century 21 Masters


    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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