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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:

  • Fri, 19 Jan 2018 22:46:00 +0000: $1,025,000 :: 257 S Hudson Avenue #301, Pasadena CA, 91101 - Pasadena Home Search
    2 beds, 3 baths
    Home size: 1,991 sq ft
    Lot Size: 18,002 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 818000286
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable - 1007242
    Status: Active


    Presenting Hudson Terrace- a modern and sophisticated luxury townho​me community located in ​Pasadena​'s ​coveted South Lake Avenue's ​Business ​District​. It is situated ​one block from shopping, ​fitness, and dining​. ​Inspired by Bauhaus architecture, its unique exterior features: state-of-the-art rain wall shield system, sand-blasted glass balcony railings & interlocking custom pre-cast brick. The property features a ​Zen like garden courtyard showcasing a bold 80' horizontal water fountain. Its top front level elevation provides unobstructed views of the ​San Gabriel Mountains observed from its roof-top terrace.​ The interior features floor to ceiling glass doors ​and windows ​in ​t

    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/!


  • Fri, 19 Jan 2018 20:02:00 +0000: $638,000 :: 1789 Bellford Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,086 sq ft
    Lot Size: 6,767 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Single Family
    MLS Number: AR18012927
    Community: 645 - Pasadena (NW)
    Status: Active


    BEAUTIFULLY updated Craftsman-Style home situated on a wonderful tree lined street w/ majestic mountain views. This charming home offers loads of natural light. The dining area offers an open concept that flows into the gourmet kitchen w/quartz counters, custom cabinets & stainless steel appliances. Gorgeous and inviting living room adjacent to the dining area has french doors that leads to the spacious patio for outdoor dining & entertaining. Bright and airy rooms w/ beautiful natural looking floors, new A/C, new copper plumbing and master w/ his&her closet area. The 263sf BONUS ROOM next to the 2 car garage is currently used as an office. Professionally landscaped front/backyard w/ low-maintenance drought tolerant plants. Conveniently located near restaurants, parks, shopping and just minutes away from Old Town Pasadena & Golf Course. This property is an opportunity that should not be missed. Move in ready, just bring the family! *****YOUR DREAM HOME Awaits*****

    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/!


  • Fri, 19 Jan 2018 20:01:00 +0000: $11,500,000 :: 1333 Wentworth Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    8 beds, 10 baths
    Home size: 9,422 sq ft
    Lot Size: 61,546 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Single Family
    MLS Number: 818000271
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable - 1007242
    Status: Active


    This gracious 2015 remodeled estate in the prestigious Langham Hotel area and has been the Pasadena Showcase House of Design in 2015 and 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.

    Listed with Coldwell Banker Residental Brokerage


    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, 19 Jan 2018 19:59:00 +0000: $535,000 :: 139 S LOS ROBLES Avenue #202, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 600 sq ft
    Lot Size: 15,321 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 18305044
    Community: 648 - Pasadena (SE)
    Status: Active


    Excellent location in Pasadena. This one bedroom, one bath condo is one block from Paseo Colorado and the Pasadena Civic Auditorium. Originally the Livingston Hotel, this brick building has been tasteful renovated to include today's modern conveniences while maintaining its historical qualities. The unit is an open floor plan with exposed brick walls, sealed cement and carpet floors and high ceilings. The kitchen is fully modern with granite counter-tops and stainless steel appliances. The unit is also partially furnished with a built in entertainment center, dinning set, kitchen island cart and movable IKEA closet storage. The unit has a 75 sq. covered patio that is accessible from the living room. ALL OFFERS to be accompanied by a copy of a recent credit report, a bank statement showing source of down payment and a pre-approval statement from a lender. Pre-aproval statement and documents to be reviewed by New Option Mortgage Inc. Listing Agent is related to the Seller.

    Listed with First Quantum 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/!


  • Fri, 19 Jan 2018 19:05:00 +0000: $455,000 :: 217 S Marengo Avenue #204, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 550 sq ft
    Lot Size: 15,100 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 818000282
    Community: 648 - Pasadena (SE)
    Tract: Other
    Status: Active


    The luxurious contemporary Cinema Lofts Building is located in the heart of Pasadena. This exclusive gated community offers a carefree and easy lifestyle. This unit features high ceiling, wood floors, modern kitchen cabinets and stainless steal appliances and washer and dryer. The oversized bathroom has a beautiful modern style finish. The open floor plan allows for an intimate living space with enough room to entertain comfortable. This unit also includes a nice private balcony with a city view. Centrally located just a few blocks from Old Town Pasadena and Paseo Mall and the Metro station. This unit comes with one parking space in a secure gate garage with available guest parking. Low HOA and pets are welcome.

    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/!


  • Fri, 19 Jan 2018 17:29:00 +0000: $1,295,000 :: 2845 E California Boulevard, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 4 baths
    Home size: 3,302 sq ft
    Lot Size: 11,898 sq ft
    Added: 01/12/18, Last Updated: 01/19/18
    Property Type: Single Family
    MLS Number: WS18013566
    Community: 648 - Pasadena (SE)
    Status: Active


    Great opportunity! This two-story Traditional Home is located adjacent to San Marino in an exclusive and highly desirable area of Southeast Pasadena. The floor plan features a gracioius entryway, accented by a vaulted ceiling connecting to a dining room and spacious living room. The family room with fireplace is the perfect spot for entertaining, overlooking the beautiful backyard accented with a sparkling pool and spa. By Appointment Only.

    Listed with UNITED R.E.- LOS ANGELES


    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, 19 Jan 2018 17:17:00 +0000: $730,000 :: 514 E Howard Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,554 sq ft
    Lot Size: 6,749 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Single Family
    MLS Number: CV18014309
    Community: 645 - Pasadena (NW)
    Status: Active


    Wonderful 2-Story Traditional Pasadena home for Sale. This Home features a very elegant exterior with a grand front porch with coble stone pillars. The interior features 1,554 Sq. Ft., 3 Bedroom, 1 Bathroom, living room and formal dining are spacious and open. Spacious lot at 6,749 Sq. Ft. This 1910 built home is very well preserved. Near all amenities including schools shopping, restaurants, and entertainment. Easy access to major highways and minutes from South Pasadena.

    Listed with SYNERGY ONE 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/!


  • Fri, 19 Jan 2018 17:16:00 +0000: $599,000 :: 501 E Del Mar Boulevard #106, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,216 sq ft
    Lot Size: 36,778 sq ft
    Added: 01/19/18, Last Updated: 01/19/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 818000262
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable - 1007242
    Status: Active


    Located just a short stroll from the Playhouse District, South Lake, and Old Town, this beautifully updated condominium offers a flowing floor plan with delightful upgrades. The unit features the split-master-suite floor plan (two gracious master suites are located on either end of the unit). The unit faces the rear of the complex and offers a sunny landscaped terrace (pet friendly!!), laminate floors, plantation shutters, and a beautifully appointed kitchen with granite counters and stainless steel appliances. The unit offers two side by side parking spaces in the subterranean garage, as well as guest parking. Resort-like amenities include a pool, spa, outdoor barbecue, and sundeck.

    Listed with Teamprovident, 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/!


  • Fri, 19 Jan 2018 05:48:00 +0000: $650,000 :: 1409 N El Molino N Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 998 sq ft
    Lot Size: 4,748 sq ft
    Added: 01/18/18, Last Updated: 01/19/18
    Property Type: Single Family
    MLS Number: WS18013338
    Community: 646 - Pasadena (NE)
    Status: Active


    Per Tax Assessor's Office, shows 2 bedroom, 1 bath. However, there is another room that is being used as 3rd bedroom, maybe without permits. Property is need of some work. Property being sold, "As-is". Buyer to pay for termite. Community Driveway. Sellers are motivated.

    Listed with REH 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/!


  • Fri, 19 Jan 2018 03:27:00 +0000: $998,000 :: 64 N Arroyo Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,832 sq ft
    Lot Size: 85,715 sq ft
    Added: 01/18/18, Last Updated: 01/19/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: SR18012938
    Community: 645 - Pasadena (NW)
    Status: Active


    Call this spacious 2 story Mediterranean style townhouse your new home. Located in the impressive gated community of Altos Arroyo the complex features a pool, spa, and ample guest parking. The common areas are meticulously maintained. The homes main floor features hardwood floors throughout, living room with vaulted ceilings and fireplace. There is also a step-up formal dining room, eat in kitchen, bedroom w/ bathroom, and a laundry room that complete the main floor. Upstairs you’ll find a large master suite w/ fireplace, and over-sized master bathroom. There are two additional large bedrooms upstairs sharing a jack and Jill bathroom. This townhouse offers a unique 2, one car garage configuration. Near Old town Pasadena, museums, restaurants, and Rose Bowl.

    Listed with Real Estate eBroker, 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/!


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