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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, 25 May 2017 09:01:00 +0000: $1,498,000 :: 3915 Skycrest Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 2,623 sq ft
    Lot Size: 12,493 sq ft
    Added: 05/23/17, Last Updated: 05/25/17
    Property Type: Residential, Single Family Residence
    MLS Number: AR17113462
    Community: Pasadena (NE)
    Status: Active


    This tastefully remolded single level home situated on a quiet cul-de-sac street in a prime residential neighborhood is turnkey and ready for you. Inviting, beautiful and bright with an abundance of natural light greets you through the double door entry. Separate living room and formal grand dining room with fireplace distinguish this family home. Three well appointed bedrooms including a large oversized master retreat with french doors open to an outside patio. A master walk in closet, spa like bathroom with double sinks and separate oversized shower. An expansive “Great Room” defines this charming home. It offers an amazing open floor plan that features state-of-the-art gourmet kitchen, gleaming granite counter tops and high end Wolf kitchen appliances. Enjoy a casual dining area and family entertainment area with a wet bar defining this retreat space ideal for relaxing or gathering with family and friends. French doors lead you outside to a quiet and serene setting with mountain views, built-in Alfresco BBQ and island counter. An oversized two car garage also features a separate laundry room. This home boasts new gleaming hardwood floors and gorgeous modern bathrooms. Updates extend to: roof, electric, plumbing, windows and doors. Too many upgrades and details to mention, make an appointment today to truly appreciate this home!

    Listed with Bevin Eustace, Coldwell Banker 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/!


  • Thu, 25 May 2017 08:36:00 +0000: $530,000 :: 499 Raymond Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,304 sq ft
    Lot Size: 6,556 sq ft
    Added: 05/23/17, Last Updated: 05/25/17
    Property Type: Residential, Single Family Residence
    MLS Number: SR17114103
    Community: Pasadena (SE)
    Status: Active


    Charming 2+1 with over 1300 Sq Ft! 6,500 sq ft Lot in the heart of East Pasadena! Fresh Paint! Rustic Wood Beams throughout the living room with vaulted ceilings and large stone fireplace. Country style front porch that leads to a private but luxurious Flower/Rose garden with blooming Fruit/Peach trees! Tandem 2-car cement and gated driveway. Within 1 mile to 210 Fwy, Metro Public Transportation and all kinds of Shopping and Amenities. Less then 5 miles to Old Town Pasadena. Plenty of opportunity with this unique and pretty little thing. More photos will be added next week after painting is complete.

    Listed with Alison Taylor, Keller Williams VIP 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/!


  • Thu, 25 May 2017 06:12:00 +0000: $2,495,000 :: 268 S ORANGE GROVE, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    6 beds, 1 full, 3 part baths
    Home size: 4,482 sq ft
    Lot Size: 15,627 sq ft
    Added: 04/21/17, Last Updated: 05/25/17
    Property Type: Residential, Single Family Residence
    MLS Number: 17222940
    Community: Pasadena (SW)
    Status: Active


    This is a unique opportunity to own a part of the Landmark District along the historic South Orange Grove's Millionaire's Row, across from the prestigious Tournament of Roses! Famous architect JJ Blick originally built the Dutch Colonial Revival and the home still showcases the wonderful old Pasadena architectural characteristics. Classic features include hardwood floors, period moldings, generous-sized formal rooms, yet updated kitchen and baths. Expansive rear garden with pool and koi pond on one of the largest lots on the whole block.This Pasadena Colonial Revival is in the National Register of Historic Places. In conjunction, as of Jan. 1, 2015, the current owner obtained a 10 year assumable historical tax assessment which reduces the tax assessed value of the home by 40%-CHEAP PROPERTY TAXES. The home was featured on television & Los Angeles Times on December 2003.

    Listed with Alex Edmunds, Sean Perkin


    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, 25 May 2017 05:10:00 +0000: $1,129,000 :: 3948 Park Vista Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 2,057 sq ft
    Lot Size: 13,468 sq ft
    Added: 05/25/17, Last Updated: 05/25/17
    Property Type: Residential, Single Family Residence
    MLS Number: RS15169113
    Community: Pasadena (NE)
    Status: Active


    WOOOOW BIG PRICE REDUCTION! ONE OF THE MOST DESIRABLE AREAS OF PASADENA .... This home is Located on one of the most desirable areas of Pasadena, built in 1970. Home has a city view in a Cul-de-Sac adjacent street, with a swimming pool which is great for entertainment and a family reunions, Perfect for Summer Time. This home has an open floor plan with a total of 3 bedrooms a walk-in closet plus 2 full bath & an enclosed Patio. Property needs a little bit of Loving Care. Seller is Very Motivated!

    Listed with Maria Amaya, C-21 Jervis & Associates


    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, 24 May 2017 21:56:00 +0000: $1,898,000 :: 192 S Orange Grove Boulevard , Unit 102, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 2,585 sq ft
    Lot Size: 68,634 sq ft
    Added: 03/09/17, Last Updated: 05/24/17
    Property Type: Residential, Condominium
    MLS Number: 317002094
    Community: Pasadena (SW)
    Tract: Not Applicable-647
    The price of this listing was last reduced on 5/10/2017 by 5%
    Status: Active


    The Grove at Ambassador Gardens is a residential enclave located on the iconic South Orange Grove Boulevard, known as Millionaire's Row and along the famed Tournament of Roses parade route. The Ambassador Gardens provides a truly distinguished and profound living experience in an exceptional location. This single level condominium offers sweeping views of The Fowler Gardens, a preserved open space open space on the property.A contemporary interpretation of classic style that uses a combination of light colors and warm wood tones. Elegant fixtures, sleek wood surfaces and accents of exceptional marbles and stone work creating a strikingly sophisticated atmosphere to enjoy.

    Listed with Lara Arslanian, 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/!


  • Wed, 24 May 2017 21:02:00 +0000: $839,000 :: 1845 La Loma Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 2 part baths
    Home size: 1,710 sq ft
    Lot Size: 5,287 sq ft
    Added: 05/17/17, Last Updated: 05/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 317004424
    Community: Pasadena (SW)
    Tract: Not Applicable-647
    Status: Active


    Nestled in the San Rafael Foothills, this Mid-century Ranch-style home features an upper level with two bedrooms, one full bath plus one half-bath, galley kitchen, dining area and inviting living room with fireplace remodeled in recent years for cozy comfortable living. The full daylight basement has been finished into a bedroom, office, half bath and large storage area with direct access to the attached two car garage. This property features a rare flat, fully fenced backyard, perfect for child play and/or pets. The romantic master bedroom boasts its own large attached deck, perfect for morning coffee or as an outdoor inspiration work space, with views of the San Rafael Hills. The home also features central/heat and air, hardwood floors, updated electrical and plumbing, and off street parking for three cars. A great value and a sweet property to call home in one of Pasadena's most popular neighborhoods.

    Listed with Meredith McKenzie, 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/!


  • Wed, 24 May 2017 20:52:00 +0000: $2,200,000 :: 940 BURLEIGH Drive, Pasadena CA, 91105 - Pasadena Home Search
    3 beds, 3 full, 1 part baths
    Home size: 3,538 sq ft
    Lot Size: 9,610 sq ft
    Added: 05/22/17, Last Updated: 05/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 17229298
    Community: Pasadena (SW)
    Status: Active


    Dramatic, one of a kind, architect-designed home is akin to an exquisite piece of contemporary art! Completely remodeled from top to bottom and stacked with designer amenities, this stunning home melds gracefully into the natural typography and features walls of glass that capture greenery views and floods the home with natural light. A 'floating' steel staircase and a convenient elevator conveniently connects all 4 levels of this modern home. Over sized glass doors open to the outdoors and provide for the perfect indoor-outdoor lifestyle. A grand, tiled exterior staircase, flanked by beautiful landscaping, ushers guests into a sensuous curved living room. Sleek new black-and-white custom kitchen, Thermador appliances, Quartz counter tops, accentuated with Italian marble back splash. A sumptuous, private master suite occupies the entire top floor. a rare polished jewel in a most desirable estate neighborhood..

    Listed with Michael Locke (w/ Andrew Jelmert), Deasy Penner & 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, 24 May 2017 20:29:00 +0000: $1,248,888 :: 930 Seco Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,650 sq ft
    Lot Size: 10,454 sq ft
    Added: 03/13/17, Last Updated: 05/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: AR17051154
    Community: Pasadena (NW)
    The price of this listing was last reduced on 5/24/2017 by 3%
    Status: Active


    Steal this beautiful Pasadena home today! Nestled in the shadow of the Rosebowl this truly is Pasadena's best buy. Hurry, it won't last! Walking distance to Rose bowl stadium, Aquatics Center, Kidspace Children's Museum, and Brookside Golf Club. This remodeled traditional ranch style home has 3 bedrooms, 3 bathrooms, a spacious entertaining room with build-in bar. Outside to the patio area that includes a pebble-bottom spa with remote controlled waterfall, concrete barbecue station, gas firepit. The house was previously owned by the first woman on the rose committee.

    Listed with Joy Li, Coldwell Banker Dynasty Arc.


    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, 24 May 2017 20:21:00 +0000: $3,998,000 :: 325 W Bellevue Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    6 beds, 3 full, 5 part baths
    Home size: 4,798 sq ft
    Lot Size: 16,825 sq ft
    Added: 05/24/17, Last Updated: 05/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 17234638
    Community: Pasadena (SW)
    Status: Active


    Classic European styling meets contemporary Pasadena. Luxury tile and designer details separate this magnificent house from others in the city. Grand formality begins with the 14 foot tall Mahogany front doors and barreled ceiling entry way. The living room has a custom cast limestone French fireplace mantle. The dining room is formal with wine fridges & plenty of wine storage. The open floor plan family room & kitchen are family oriented with theater sound & 23 feet wide pocket doors that open for an indoor outdoor experience. All bedrooms are oversized suites with a convenient private office near the entry. Doorbell video, front & rear camera security system is viewable anywhere in the world. 3 zone smart AC/heat. Lutron auto lighting control. Music system throughout the house & backyard. Master bedroom has a large walk in dressing room for a closet. Don't miss this instant classic.

    Listed with Aram Gaboudian, Keller Williams Hollywood Hill


    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, 24 May 2017 19:24:00 +0000: $3,858,000 :: 636 PROSPECT BLVD, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    6 beds, 4 full, 2 part baths
    Home size: 4,830 sq ft
    Lot Size: 15,690 sq ft
    Added: 05/03/17, Last Updated: 05/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 17226688
    Community: Pasadena (NW)
    Tract: not applicable
    Status: Active


    Situated above the famous Rose Bowl in Pasadena's Prospect Park. Built in 1915 and designed by architect Reginald Johnson notable for the Charles Paxton house in Pasadena, All Saints Episcopal Church & Biltmore Hotel in Santa Barbara. The 2-story Colonial Revival's renovation & expansion beautifully melds historical roots w/contemporary sensibilities. The upper level enchants with mountain views & its wrap-around balcony surrounding 4 beds, 3 baths & laundry area create a resort-like feel. The main level has well-defined entertaining spaces & an open gourmet kitchen looking out to the backyard. There's 2 beds w/private baths & direct access to the pool & yard, well-suited for guests or home office, making every area functional and serene. The entire home beams of natural light & is pre-wired. An excellent floor plan that's been thoughtfully designed for function & entertaining. Truly a remarkable home on a story-book street in an ideal location to call your home…must see to appreciate.

    Listed with Scott Keller (w/ Patrick Brandt), Keller Williams Larchmont


    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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