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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:

  • Sun, 01 Feb 2015 08:18:00 +0000: $2,658,000 :: 1015 South El Molino Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    5 beds, 4 full, 2 part baths
    Home size: 4,362 sq ft
    Lot Size: 11,994 sq ft
    Added: 01/21/15, Last Updated: 02/01/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315000594
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Built in 1922, this home was designed by Wallace Neff for Dr. Allan P. Kanavel of Chicago. The residence incorporates a formal center hall floor plan combined with the whimsical Mediterranean details that were so popular during the Golden Age of Southern California architecture. The perfectly symmetrical front exterior is balanced in the classical manner. The exterior stucco faade is capped by a hipped Mediterranean tile roof, completing the classical Italian motif. The entrance hall is graced by a curved, floating staircase underneath which a glassed sunroom can be accessed. A leaded glass decorative window floods the staircase with light. The formal living and dining rooms, both highlighted with plaster rope crown moldings, flank the entrance hall. A recently remodeled gourmet kitchen and laundry room are a cook's delight. The pool, spa, patios and BBQ area offer multiple areas for entertaining. A three car garage and cabana/garden room complete this classically Pasadena property.

    Listed with Richard von Ernst, Partners Trust Real Estate Brokerage & Acquisitions


    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!


  • Sat, 31 Jan 2015 21:23:00 +0000: $499,999 :: 1055 East Villa Street, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,080 sq ft
    Lot Size: 4,672 sq ft
    Added: 01/31/15, Last Updated: 01/31/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315000883
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    Charming bungalow conveniently located with easy access to 210 freeways, transportation & the newly opened Arroyo Food Co-op store. 2 Bedrooms & 1 Full Bath, living room and family/dining room. Finished attic that can be used as extra bedrooms, office or storage. Stylish bathroom and kitchen with premium brand appliances. Covered patio in the backyard is a little oasis to relax or entertain. Detached garage with a private driveway lined with lavender & rosemary bushes. New roof & electrical upgrade (2011).

    Listed with Karen Kartika, 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!


  • Sat, 31 Jan 2015 18:09:00 +0000: $649,000 :: 914 Atchison Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,533 sq ft
    Lot Size: 9,154 sq ft
    Added: 01/31/15, Last Updated: 01/31/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315000928
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    This home offers 1533 square feet approx., lot 9,153 square feet, 3 bedrooms, 2 baths. Upon entry you'll enjoy coved high ceilings, beautiful hardwood floors and a centrally located fireplace. Master bedroom with a beatifully designed master bath w/Jacuzzi and separate shower. Formal dining room and upgraded kitchen and seperate laundry room. This is a Must See!

    Listed with Sidney Manzo, Re/Max Tri-City 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!


  • Sat, 31 Jan 2015 17:20:00 +0000: $1,849,000 :: 389 linda vista Avenue, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 2 part baths
    Home size: 2,765 sq ft
    Lot Size: 18,203 sq ft
    Added: 12/02/14, Last Updated: 01/31/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 314033766
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Conditional


    Enjoy this lovely mid century home on one/half acre of your very own Linda Vista Park near the Rose Bowl, the Acquatics Center and Kid Space Museum. The interior seems merry and bright with an open floor plan, vaulted, beamed ceilings, peg and groove hardwood floors, plantation shutters, and three fireplaces. The kitchen with Viking and Subzero appliances is made just for good cooking, while the family room is made just for fun. Talk about fun: splash in the salt-water pool, sing with the waterfall, dance at the spa, laugh at the classic outdoor barbecue, rhyme in the Gingerbread pool house This home exudes tender loving care.

    Listed with Monica Wilson (w/ Colleen Santino), Berkshire Hathaway Home Serv.


    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!


  • Sat, 31 Jan 2015 15:40:00 +0000: $5,000,000 :: 345 East Colorado Boulevard, Unit 602, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 4 part baths
    Home size: 4,528 sq ft
    Lot Size: 30,555 sq ft
    Added: 06/28/12, Last Updated: 01/31/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 22164950
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Located across from Paseo Colorado, The Montana offers an amazing location in the heart of Pasadena and is truly gorgeous with stunning views, spacious living areas, and constructed with exquisite materials. This gracious penthouse, with its huge wrap-around balcony, offers views over the Paseo and is on the Rose Parade route! The Montana is an iconic fixture, unlike any residential development ever built in the city. Its residences offer luxury, security, and convenience. Developer Charlie Munger and MS Property Co. assembled a visionary team including architect Steve Nakata, superb craftsmen, and artist Gwynn Murrill to bring the building to life. Offering reception area, library and lounge, fitness center, indoor pool, two common courtyards with seating and lounge areas, outdoor gardens with fountains and reflecting pools, and secure parking, the residences include views of Paseo Colorado, Pasadena City Hall and surrounding buildings, as well as the majestic San Gabriel mountains.

    Listed with Jean Garr-Roddy (w/ William Podley), 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!


  • Sat, 31 Jan 2015 15:28:00 +0000: $827,000 :: 2373 East Dudley Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 2 part baths
    Home size: 1,680 sq ft
    Lot Size: 4,780 sq ft
    Added: 01/23/15, Last Updated: 01/31/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315000615
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Uniquely sophisticated artistic contemporary home built by local architect. This home will entrance any home buyer seeking quintessential living in Pasadena. Never lived in home has an open floor plan designed for efficient living. Natural sun-light flows though out the home with windows strategically placed creating a natural airflow. Master bedroom with private balcony overlooking San Gabriel Mountains is a perfect refuge for relaxing. Steel Beam construction, insulated walls, roof, 54 recessed LED lights, tank less water heater, and low-pressure faucets for water conservation. Enclosed backyard. Water saving drip irrigation system in the back and front yards. Centrally located to schools. Close proximity to the Metro station, Victory Park, farmer's market, shops and more. HDMI connections and network ready. Original home built in 1948, completely remodeled from ground up in 2014.

    Listed with Terri Formico, Coldwell Banker


    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!


  • Sat, 31 Jan 2015 15:14:00 +0000: $699,000 :: 2654 Meguiar Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,464 sq ft
    Lot Size: 6,624 sq ft
    Added: 10/23/14, Last Updated: 01/31/15
    Property Type: Residential , Single Family Residence
    MLS Number: CV14227460
    Community: Pasadena (NE)
    The price of this listing was last reduced on 1/26/2015 by 5%
    Status: Active


    PRICE REDUCTION! VERY MOTIVATED SELLERS! COME IN & APPRECIATE! Newly remodeled one story traditional residence, 3 bedroom, 2 baths on a private street with glorious San Gabriel Mountain views in a prime location. Looking for a hidden gem and privacy? this is a great home for entertaining! walk into an open floor plan living room with fireplace and receive natural light from the skylight near the kitchen area. White cabinets with gray corks counters, stainless steel appliances, white corks counter island with wine cooler added bonus. Kitchen also leads to a step down family room that leads to a cute private patio and is adjacent to your direct access 2-car garage for added convenience. Both bathrooms are exceptionally comforting size and design. Come and see your new home!! bring on your furnishing to make it your own style.

    Listed with Imelda Macklin, HOMESMART PROFESSIONAL PARTNE


    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!


  • Sat, 31 Jan 2015 15:07:00 +0000: $509,950 :: 139 S Los Robles AVE, Unit 206, Pasadena CA, 90277 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 818 sq ft
    Lot Size: 0 sq ft
    Added: 01/31/15, Last Updated: 01/31/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15825877
    Community: Pasadena Se
    Status: Active


    The Livingstone was originally built in 1927 as a hotel and was restored as a condominium building in 2011. The residences fuse together the clean lines of modern living, while maintaining the historical integrity of the building. Awarded with the Historic Preservation award in 2011.

    Listed with Garrett Frakes, Polaris 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!


  • Sat, 31 Jan 2015 13:34:00 +0000: $839,000 :: 980 ROXBURY DR, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,997 sq ft
    Lot Size: 6,714 sq ft
    Added: 01/16/15, Last Updated: 01/31/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 15822095
    Community: Pasadena Ne
    Status: Active


    We present this beautifully maintained oasis home in quiet Pasadena. Upon entry you will be amazed by the large living room and formal dining area. Rear windows open to the large awning covered deck and backyard. The kitchen is complete with granite counter top, modern cabinetry, pantry and laundry. Home features a BONUS room in the upstairs attic with door access and full set of stairs leading up. This area would be an ideal office or reading room or children's secret fun room. Master features a full walk in closet and own rear access to back yard. This home has many upgrades from copper plumbing, updated roof, new ducts for heating, earthquake bolting, rain gutters, Anderson double pane windows, solar panels on roof, new heater, new alarm system, new landscaping with timer controlled drip system. This home is walking distance to Marshall Secondary School and is just a few blocks from Allen Ave and Mountain St.

    Listed with Stephanie Hahm, Dream Realty Asset Mgt, 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!


  • Sat, 31 Jan 2015 12:54:00 +0000: $680,000 :: 1440 Whitefield Road, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 948 sq ft
    Lot Size: 7,504 sq ft
    Added: 01/05/15, Last Updated: 01/31/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 314033382
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    The first step in a successful makeover is finding the right neighborhood. This property is located in a wonderful area. The house is a fixer. Its in rough shape. The 2-bedroom, 1 bath, center dining area floorplan is a classic. The builtin cabinets are a reflection of the 1923 construction. The hardwood floors are screaming for attention. The lot could be beautiful. Bring your ideas and creativity to this project and you will end up with a fantastic property.

    Listed with Harry Hull, Hull Homes


    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!


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