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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, 19 Jan 2017 10:40:00 +0000: $599,000 :: 844 Magnolia Avenue , Unit 10, Pasadena CA, 91106 - Pasadena Home Search
    2 beds, 1 full, 2 part baths
    Home size: 1,272 sq ft
    Lot Size: 20,023 sq ft
    Added: 01/19/17, Last Updated: 01/19/17
    Property Type: Residential, Townhouse
    MLS Number: 317000141
    Community: Pasadena (SE)
    Tract: Not Applicable-648
    Status: Active


    Located in the sought after neighborhood of Madison Heights, this Cape Cod style townhome sits on a quiet tree-lined street and yet is only minutes from Old Town Pasadena and all the conveniences of an urban lifestyle. Just a few blocks to the Metro Gold line and Trader Joe's! Down the landscaped walkway you will come upon this unit tucked into the rear of the complex. The sun drenched living room features gleaming hardwood flooring, a stone fireplace and expansive sliding doors that flow out to the private patio. Hardwood flooring flows through the dining area and into the tastefully upgraded kitchen, with quartz counters and an attractive tile backsplash. Stairs off of the kitchen lead you down to your private 2 car garage. Upstairs you will find the laundry facility conveniently located on the landing and two bedroom suites bathed in light including a beautiful master bedroom with vaulted ceilings soaring to a skylight, and a beautifully remodeled bath.

    Listed with Cariy Hernandez, Keller Williams 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/!


  • Thu, 19 Jan 2017 10:40:00 +0000: $649,000 :: 1596 N Harding Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,399 sq ft
    Lot Size: 6,992 sq ft
    Added: 01/17/17, Last Updated: 01/19/17
    Property Type: Residential, Single Family Residence
    MLS Number: GD17011140
    Community: Pasadena (NE)
    Status: Active


    TRUST SALE. GREAT OPPORTUNITY TO REHAB THIS WELL BUILT 3 BATH 2 BATH HOME IN THE DESIRABLE PRESIDENTIAL STREET NEIGHBORHOOD OF NE PASADENA. SITTING ON A 6992 SQFT LOT THIS HOUSE IS JUST WAITING FOR THE RIGHT PERSON TO BRING IT BACK TO ITS GLORY. BIG BACK YARD WITH FRUIT TREES. DETACHED 2 CAR GARAGE. LONG DRIVEWAY. THIS PROPERTY HAS EVERYTHING YOU NEED TO MAKE A GREAT HOME. PRICED TO SELL QUICK.

    Listed with Movses Akopyan, Ideal Realty & Management


    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, 19 Jan 2017 10:16:00 +0000: $550,000 :: 1285 N Raymond Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,054 sq ft
    Lot Size: 4,711 sq ft
    Added: 01/13/17, Last Updated: 01/19/17
    Property Type: Residential, Single Family Residence
    MLS Number: WS17006050
    Community: Pasadena (NW)
    Status: Active


    Gorgeous Pasadena home located near Rosebowl and just minutes away from downtown. This home is over 1000 square feet, offering spacious bedrooms, bonus room, and dining room. New carpet has been installed throughout, along with fresh interior and exterior paint. This home also offers beautiful re-finished the wood floors. Seller will provide an appliance voucher for installation of stove, micro/hood, & dishwasher at COE. The fresh landscaping featuring, sod, plants, and automatic sprinklers gives this home wonderful curb appeal. Come see today!

    Listed with POLLY WATTS, MAXIM 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, 19 Jan 2017 08:56:00 +0000: $949,888 :: 1485 Marianna Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,204 sq ft
    Lot Size: 31,170 sq ft
    Added: 01/15/17, Last Updated: 01/19/17
    Property Type: Residential, Single Family Residence
    MLS Number: OC17009386
    Community: Pasadena (SW)
    Status: Active


    Location! Location! Location! Either you are looking to buy a house on a huge piece of land in the most prestigious part of Pasadena or if you are a Developer, this is it! Land and location are what make this property so special! Oriented on a quiet street in the desirable San Rafael neighborhood, this home is sited on an expansive park like setting totaling nearly of an acre. Beautiful mature trees and lush greenery provide the supreme setting for this cul-de-ca home. It is recently upgraded with high end Viking appliances, new flooring, designer cabinets, new bathrooms etc...

    Listed with Amir Kayyal, Fusion 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/!


  • Thu, 19 Jan 2017 08:40:00 +0000: $420,000 :: 340 E WASHINGTON , Unit 3, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,035 sq ft
    Lot Size: 0 sq ft
    Added: 01/19/17, Last Updated: 01/19/17
    Property Type: Residential, Condominium
    MLS Number: 17194542
    Community: Pasadena (NE)
    Status: Active


    Hard to find updated townhome with direct access private garage, located in lovely Pasadena. This tastefully updated corner unit is just what you've been looking for. The main floor is an open floor plan with open updated kitchen with quartz countertops and breakfast bar, living room with fireplace, dining area and large patio. Terrific flow for entertaining! A full bath rounds out the main floor. Upstairs features two large bedrooms with tremendous closet space and an updated full bath with granite topped vanity. The lower level features a bonus storage room and double garage with laundry area. This quiet corner unit is set back from the street in a small complex of only 8 units. Low HOA's top out the reasons not to miss this one!

    Listed with Jason Anderson, Realty One Group- Prime


    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, 19 Jan 2017 08:40:00 +0000: $529,000 :: 327 Wallis Street , Unit 7, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 2 part baths
    Home size: 1,225 sq ft
    Lot Size: 0 sq ft
    Added: 01/18/17, Last Updated: 01/19/17
    Property Type: Residential, Condominium
    MLS Number: 317000026
    Community: Pasadena (SE)
    Tract: Not Applicable-648
    Status: Active


    If abundant light, tall ceilings and an open floor plan are on your wish list, this home will be a perfect fit for you! You enter into a living room with sight lines that continue through the dining room and into the kitchen. Bamboo flooring is present on the entire first level. The living room has a cozy fireplace and recessed lighting. The dining room leads into a remodeled kitchen with granite counters and stainless steel appliances. This level also has a powder room and under-stair storage. At the top of the stairs is a wall of storage cabinetry and shelving. A skylight floods the stairway with light! The master suite has a large window facing a gorgeous tree providing privacy. There are laminate floors and a not-to-be-missed custom closet. The master bath has tile flooring, a tile shower with custom inlay and a granite vanity. The second bedroom is large and light-filled, and the hall bath has tile floors, tile shower with custom inlay and granite vanity. Laundry is on this level. Park in your private 2-car garage! MORE PHOTOS COMING SOON!

    Listed with Cynthia Rowland, 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/!


  • Thu, 19 Jan 2017 08:08:00 +0000: $958,000 :: 970 N Hastings Ranch Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,923 sq ft
    Lot Size: 7,212 sq ft
    Added: 01/04/17, Last Updated: 01/19/17
    Property Type: Residential, Single Family Residence
    MLS Number: AR16200298
    Community: Pasadena (NE)
    Status: Active


    Back On The Market- Location-Location-Location...This beautiful hard to find updated home is located in one of the most sought out neighborhood of Pasadena, upper Hastings Ranch. This home has a great open floor plan and lots of natural light and great view of the pool from most rooms. All updates have been well thought to make this house a perfect home to enjoy the indoor and outdoor living. The large family room has lots of windows and a sliding door opening to the back yard with a great view of the pool and spa. Other features are living room with wood burning fireplace, large formal dining room, large breakfast nook area off the kitchen, large bedrooms, a large master bedroom suite with his and her closets, beautifully updated kitchen & bathrooms with plenty of custom cabinets and quartz counter tops, new Samsung stainless steel appliances, Farmhouse stainless sink, new wood flooring, custom carpet in bedrooms, crown moldings, recessed lighting, all new lighting and plumbing fixtures, central A/C, custom paint, professional landscaping, automatic sprinkler, Malibu Light, and more......Walk to see rose parade floats on Sierra Madre Blvd! This home is your perfect dream home!

    Listed with Mandy Alavi, Red Door 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, 19 Jan 2017 05:04:00 +0000: $710,000 :: 2449 Oswego Street , Unit 6, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,759 sq ft
    Lot Size: 15,383 sq ft
    Added: 01/19/17, Last Updated: 01/19/17
    Property Type: Residential, Townhouse
    MLS Number: WS17011225
    Community: Pasadena (SE)
    Status: Active


    VIEWS, VIEWS, VIEWS! Featured is a townhouse style 3 level condo, situated close to San Marino, Cal Tech, PCC, eateries, shopping, grocery markets and more. Alicante Villas corner unit with beautiful views from every room, perfect for your dream California living. Walk through the private security coded gate into the luscious and professionally manicured courtyard for your private getaway. Enjoy the center courtyard, which offers a sense of peace and tranquility with a Spanish fountain, lovely rose garden and mature trees. Modern and contemporary interior design with a well thought open floor plan. Granite counters and cherry cabinets in bathrooms and kitchen. Crown molding, energy efficient recessed lighting, walk-in closets, stainless steel appliances, natural stone tiles, shutter windows, multiple balconies and more--this is California living at its best. Your own laundry on second floor and your very own 2 car garage with plenty of room for additional storage. Master bedroom of your dreams with cozy gas fire place, balcony with sunset views, spacious walk-in closet and spa-like bathroom. Only 2 blocks away from the annual Rose Parade, walk to your VIP front seat view every New Year's Day!

    Listed with PETER FONG, BEST WEST REALTORS


    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, 18 Jan 2017 19:12:00 +0000: $388,000 :: 160 S Hudson Avenue , Unit 301, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    0 beds, 1 full bath
    Home size: 563 sq ft
    Lot Size: 0 sq ft
    Added: 01/04/17, Last Updated: 01/18/17
    Property Type: Residential, Condominium
    MLS Number: 316007958
    Community: Pasadena (SE)
    Tract: Not Applicable-648
    Status: Active


    This super sharp studio unit comes with 2 full size parking spaces and is located in a fantastic building in the heart of Pasadena's South Lake financial and shopping districts. Pasadena Collection West features concierge service, as well as an amazing array of eateries, markets and unique boutiques at your fingertips. The unit features blonde laminate wood flooring throughout,3 separate closet spaces, an inside laundry, as well as a loft like open floor-plan with high ceilings, highlighted by a romantic fireplace and outdoor patio. The building offers a gym and spa. These are just a few of the many features and benefits offered by this wonderful opportunity to experience urban living at its best!

    Listed with Edy Roberts, Teles 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, 18 Jan 2017 19:12:00 +0000: $450,000 :: 160 S Hudson Avenue , Unit 311, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 688 sq ft
    Lot Size: 0 sq ft
    Added: 11/18/16, Last Updated: 01/18/17
    Property Type: Residential, Condominium
    MLS Number: 316010724
    Community: Pasadena (SE)
    Tract: Not Applicable-648
    Status: Active


    Complete with Concierge service, this sleek and stylish contemporary building is located in the heart of Pasadena's South Lake District, where you can experience some of the City's best shopping and dining experiences. This light filled unit is in beautiful condition and features granite counter tops in both the kitchen and bath. A cozy fireplace, a spacious balcony with a view towards the south and an in unit side by side laundry area are just a few of the attributes. The building is situated around a lovely serenity garden courtyard with waterfall and offers controlled access gated parking, a fully equipped gym and a private outdoor spa. In addition, its location is just minutes to Old Town Pasadena, JPL, Cal Tech, The Huntington Library and Gardens, with easy access to DTLA, all freeways and the Goldline.

    Listed with Edy Roberts, Teles 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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