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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:

  • Mon, 01 Mar 2021 09:35:00 +0000: $10,388,000 :: 661 Landor Lane, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    6 beds, 6 baths
    Home size: 7,421 sq ft
    Lot Size: 28,314 sq ft
    Added: 03/01/21, Last Updated: 03/01/21
    Property Type: Single Family
    MLS Number: P1-3547
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Huntington Library District home Architecturally designed with new construction completed in 2020. Originally designed in the Federal style by Fredrick Kennedy Jr in 1923. Original charm respected and married with sensitivity with today's open floor plan. All new systems. New elevator. Front and back staircases. New pool. New three-car garage. A grand entry, formal living room and dining room with seating for 12, library, family room with 23-ft ceilings, fireplace, and 65-inch TV. A chef's kitchen with separate Wok kitchen, Butler's pantry, wine storage, and prep area. Guest suite downstairs. Also includes a gym. Upstairs there are 4 bedrooms and an amazing master suite with sitting room. Six-zone central air, new 400-amp electrical service. Cedur custom fire retardant roof. Copper gutters and marble thresholds to every door leading to outside. Systems including security and central air that can be operated by your iphone or ipad. Electrical gated entry to garage and yard area with security cameras. All new landscaping. This newly finished home has every amenity you can imagine and is exquisitely decorated. Magnificently reimagined and completed in 2020 on a flat .65 acre lot. Assessor square footage is 7,421 sq.ft.

    Listed with Maureen Hollingsworth CalDRE: 00673955, 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/!


  • Mon, 01 Mar 2021 06:49:00 +0000: $858,000 :: 924 S Orange Grove Boulevard #D, Pasadena CA, 91105 - Pasadena Home Search
    2 beds, 2 baths
    Home size: 1,501 sq ft
    Lot Size: 104,109 sq ft
    Added: 03/01/21, Last Updated: 03/01/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR21041940
    Community: 647 - Pasadena (SW)
    Status: Active


    Magnificent and Radiant Condo on Millionaire Row! Located in a highly coveted community, this 2BR/1.75BA, 1,501sqft home offers stylish comforts and everyday function. Contemporary vibes resonate from the condominium complex’s freshly painted exterior, while the manicured landscaping adds extra curb appeal. Situated on the second floor, the corner unit condo has a welcoming vibe, glittering natural light, and an open flowing floorplan. Explore the impressive and professionally painted interior to find hardwood floors, recessed lighting, and a sprawling living room and dining area. Peruse further to find a fully equipped kitchen featuring stainless-steel appliances, gas range, ample wood cabinetry, built-in microwave, dishwasher, side-by-side refrigerator, built-in dining area and desk, double stainless-steel sink, and a pantry cabinet. Entertainment-ready, the living room has a cozy fireplace and double French doors to an outdoor space. Fashioned with shiplap ceiling details and amber hued hardwood floors, the sitting room is ideal for morning coffee. The master bedroom has a large closet and an attached en suite w/walk-in shower and new flooring. Other features: 2-covered carport parking spaces, closet space under carport, basement storage area, double pane windows, new hot water heater (2020), in-unit laundry, new carpet in bedrooms (2021), newer Kohler toilets (2019) community pool and recreation area, close to shopping and schools, and more! Schedule a private tour today!

    Listed with Fred Ashkar CalDRE: 00925837, Re/Max Premier Prop Arcadia


    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/!


  • Sun, 28 Feb 2021 23:07:00 +0000: $575,000 :: 931 E Walnut Street #602, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 860 sq ft
    Lot Size: 49,659 sq ft
    Added: 01/25/21, Last Updated: 02/28/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS21016371
    Community: 648 - Pasadena (SE)
    The price of this listing was last reduced on 2/28/2021 by 2%
    Status: Active


    This is one of the finest one-story luxury condo in the heart of Pasadena with a 10-feet high ceiling. The popular "[email protected]" model design creates energy and excitement both for daily living or entertaining. The minute you enter into this unit, you will be amazed by it's spacious open floor plan that flows seamlessly from the kitchen to dining room to living room. This open and stylish kitchen offers stainless steel appliances, granite counters, and wood cabinetry. There is plenty of storage spaces, and living and dining rooms are spacious. Bedroom is large and bright with large windows with views of mountains and city buildings. There is an additional room that can be used as an office, gym, or guest room. The community building amenities includes landscaping, BBQ, clubroom, outdoor fireplace and premier fitness center. The owner has replaced new AC system in 2020, and unit has been maintained in good condition. Convenient location which is close to groceries, theaters, dining, public transportation, and much more. MUST SEE!

    Listed with XIAOLU HONG CalDRE: 02045529, Pinnacle Real Estate Group


    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/!


  • Sun, 28 Feb 2021 05:36:00 +0000: $699,000 :: 1088 S Marengo Avenue #3, Pasadena CA, 91106 - Pasadena Home Search
    2 beds, 3 baths
    Home size: 1,030 sq ft
    Lot Size: 17,424 sq ft
    Added: 02/28/21, Last Updated: 02/28/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR21039237
    Community: 647 - Pasadena (SW)
    Status: Active


    Newer 2004 Pasadena Townhouse at a Gated Community!! Located directly across street from Allendale Park, Allendale Branch Library, and Blair High school. Bright living room and dining area has crown molding. The good sized patio area is suitable for BBQ or entertainment. The newer kitchen features granite countertops and stainless steel appliances including Bosch dishwasher. Upstairs are 2 suites-both bedrooms with its own bathroom, including a Master suite. A laundry area is located inside the connected Two Car garage. Very Close to Old Town Pasadena, Parks, Schools, Restaurants, Shops, Museums, Caltech, Huntington Hospital, Metro and Highway 110!

    Listed with Qiu Autumn Yuan CalDRE: 01801341, Re/Max Premier Prop Arcadia


    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, 27 Feb 2021 23:43:00 +0000: $829,900 :: 288 S Oakland Avenue #206, Pasadena CA, 91101 - Pasadena Home Search
    1 bed, 2 baths
    Home size: 1,160 sq ft
    Lot Size: 20,474 sq ft
    Added: 02/27/21, Last Updated: 02/27/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 21698778
    Community: 648 - Pasadena (SE)
    Status: Active


    Build in 2016 luxury home in the Heart of Pasadena. In a very desirable setting moments from Old Town Pasadena, Lake Avenue shopping, Caltech and PCC. the Playhouse District, Chelsea Court combines classic Mid-Century style with the latest in luxury amenities. Inside the homes, ten-foot ceilings and recessed lighting create a beautiful ambience, while French doors open to light-filled patios and balconies. Elegance and quality embrace you at every turn. include rich Corian countertops, gleaming stainless appliances, Italian-made cabinetry and Kohler fixtures.Warm engineered wood floors and textured Berber carpeting bring the sophistication underfoot. Comfort and convenience underlie the sophisticated design, in-unit washer/dryer enclosures and large walk-in closets.a storage closet are reserved per unit in the subterranean parking garage with ELEVATOR.

    Listed with Wei Liu CalDRE: 01819265, Rodeo Realty - Beverly Hills


    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, 27 Feb 2021 15:55:00 +0000: $698,000 :: 2448 Oneida Street #B, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 1,500 sq ft
    Lot Size: 18,731 sq ft
    Added: 02/13/21, Last Updated: 02/27/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: TR21030416
    Community: 699 - Not Defined
    Status: Active


    Welcome to the Beautifully Remodeled Condo. Walking into this Sweet Home, a Bright & Open Floor Plan Immediately Catches Your Eyes. Newly Painted. New Laminate Flooring. The Gorgeous condo with 3 bedroom, 2.5 bath with ATTACHED 2 Car Garage (Direct Access). Kitchen Total Remodeled with New White Cabinets, Quartz Countertop, and New Appliance. Cozy Fireplace in the Living Room. Central Heater and AC. Upstairs, You Will Find 3 Bedrooms & 2 Bathrooms and Large LOFT. Spacious Master bedroom with Walk-In Closet, New White Cabinets with Quartz Countertop & Large Bathtub. HOA includes Water, Trash and Common Area. Conveniently Located Close to the Library, Stores, Shopping Center and Restaurant. Easy Access to 210 Freeways. This Lovely Condo/Townhouse certainly Won’t Last. Come See it Today.

    Listed with Melanie Liu CalDRE: 01963354, PYC Financial


    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, 27 Feb 2021 12:47:00 +0000: $777,000 :: 802 Magnolia Avenue #4, Pasadena CA, 91106 - Pasadena Home Search
    2 beds, 3 baths
    Home size: 1,206 sq ft
    Lot Size: 12,197 sq ft
    Added: 02/27/21, Last Updated: 02/27/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 21698570
    Community: 648 - Pasadena (SE)
    Status: Active


    This Pasadena three-story home offers quartz countertops, and a two-car garage.

    Listed with Ben Braksick CalDRE: 02120512, Opendoor Brokerage 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/!


  • Sat, 27 Feb 2021 08:33:00 +0000: $560,000 :: 230 S Madison Avenue #206, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,181 sq ft
    Lot Size: 22,652 sq ft
    Added: 10/12/20, Last Updated: 02/27/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS20215058
    Community: 647 - Pasadena (SW)
    Status: Active


    Beautiful, pleasant condo located in the highly desirable Madison Heights neighborhood of Pasadena. Situated on the second floor to give you optimal views of the tranquil pond feature on the ground floor courtyard. With a spacious open living room that flows out into the large balcony, the area provides a refreshing calmness to enjoy your future home. Features of the home include underground parking, with 2 designated side by side parking spaces, main entrance lobby with security entry door, elevator, and community spa. Near Cal Tech and Pasadena City College, shops, and restaurants.

    Listed with LING CHOW CalDRE: 01147092, ARC NEST


    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, 27 Feb 2021 08:33:00 +0000: $1,500,000 :: 3768 Elma Road, Pasadena CA, 91107 - Pasadena Home Search
    4 beds, 4 baths
    Home size: 2,673 sq ft
    Lot Size: 6,970 sq ft
    Added: 02/27/21, Last Updated: 02/27/21
    Property Type: Single Family
    MLS Number: AR21041116
    Community: 648 - Pasadena (SE)
    Status: Active


    Newly built custom home in desirable South East Pasadena. Upon entering, you're greeted with a 2 story foyer with sweeping staircase to the second level. A formal living room and dining room are perfect for entertaining. Further down the entry corridor is the spacious kitchen with custom cabinetry, Bertazzoni appliance package and quartz countertops, which opens to the breakfast nook and bright family room. There is a bedroom suite downstairs adjacent to the attached direct access garage. Upstairs, you'll find the primary suite with retreat area, that opens to a private balcony. The primary bathroom is spa like with a free standing soaking tub, separate shower and double sink vanity complete with designer tile work. Down the hall are two bedrooms, a full bathroom and laundry room for convenience. The rear yard is a very spacious with a lush lawn and a covered patio waiting for you to make memories. It's time to call this home!

    Listed with Robert Lee CalDRE: 01714793, Berkshire Hathaway Homeservice


    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, 26 Feb 2021 19:30:00 +0000: $599,000 :: 968 Palm Terrace, Pasadena CA, 91104 - Pasadena Home Search
    2 beds, 1 bath
    Home size: 732 sq ft
    Lot Size: 7,406 sq ft
    Added: 02/26/21, Last Updated: 02/26/21
    Property Type: Single Family
    MLS Number: P1-3526
    Community: 646 - Pasadena (NE)
    Tract: Not Applicable
    Status: Active


    Great opportunity to buy a vintage 1921 California cottage style that is ready to be restored to its original charm. The house is located in the Washington Square Landmark District of Pasadena surrounded by several historic homes that have been restored. This two bedroom one bath house is located on a large lot with room in the backyard for an addition if more space is needed. The House features its original hardwood floors a sun room and a dinning alcove.

    Listed with Jeffrey Sneed CalDRE: 01264254, Marathon Real Estate Group


    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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