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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, 20 Apr 2014 00:11:00 +0000: $299,950 :: 360 South Euclid Avenue, Unit 314, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 769 sq ft
    Lot Size: 78,119 sq ft
    Added: 02/03/14, Last Updated: 04/20/14
    Property Type: Condominium, Residential
    MLS Number: SR14022786
    Community: Pasadena Se
    The price of this listing was last reduced on 2/27/2014 by 6%
    Status: Conditional


    Top floor unit located in a great Pasadena neighborhood, 1 bedroom/ 1 bath, with laminated flooring, recess lights, very large closet in the bedroom. Large living room leads to a spacious balcony with neighborhood views.Great location with in minutes from Metro station and Pasadena''s Old Town to enjoy fine dining and shopping. Gated complex has a pool, spa, fitness room and beautifully maintained grounds.

    Listed with Paul Ferreccio, 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!


  • Sun, 20 Apr 2014 00:01:00 +0000: $975,000 :: 118 W GLENARM ST, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,562 sq ft
    Lot Size: 6,935 sq ft
    Added: 04/12/14, Last Updated: 04/20/14
    Property Type: Single Family, Residential
    MLS Number: 14752157
    Community: Pasadena Sw
    Status: Active


    A beautiful refurbished showplace in a quiet neighborhood of Grace Hill adjacent to South Pasadena. Located close to major freeways and just minutes to downtown Los Angeles and a short distance to old Town Pasadena and shopping. Updated and move-in ready with original refurbished hardwood floors, recessed lighting, central heating/air, formal dining room. Gourmet kitchen featuring custom cabinets, granite counter-top, with matching stainless steel refrigerator & dishwasher next to a breakfast area. Master bedroom suit steps out into a redwood patio deck, also have walk-in closet and a luxurious master bath, dual vanity sink, shower stall with 2 body jets. This 3 bedroom, 2 bath remodel house has an ideal floor plan for an extended family, teenager, a home business or entertainment... Highlights includes; original window doors, copper piping, tank-less water heater, inside laundry, double pane windows and frameless glass shower. Ready to move-in

    Listed with Ronald Townsend, Western Security 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!


  • Sat, 19 Apr 2014 21:05:00 +0000: $545,000 :: 1105 East Claremont Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,254 sq ft
    Lot Size: 5,007 sq ft
    Added: 04/09/14, Last Updated: 04/19/14
    Property Type: Single Family, Residential
    MLS Number: CV14072545
    Community: Pasadena Ne
    Status: Active


    Charming rare Bungalow Duplex in Historic Area of Pasadena known as "Bungalow Heaven", 2 homes on one lot (Mailing Address 1105 and 1107). Just mins from the heart of Old Town Pasadena and 3 miles from the Rose Bowl, great food, shopping, entertainment, etc. 2 bedrooms/1 bath and back bungalow is 1 bedroom/1bath. Must see to appreciate, quiet, tranquil street lined neighborhood. Hurry this rare gem will not last, lot over 5,000 square feet of lot, and much of the original charm still intact, original flooring, cabinets from the grand 1900''s era.

    Listed with DANADYS QUINTANA-NAZIR, REALTY ONE GROUP, 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, 19 Apr 2014 19:49:00 +0000: $549,000 :: 1093 Sunset Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 1,344 sq ft
    Lot Size: 7,453 sq ft
    Added: 04/01/14, Last Updated: 04/19/14
    Property Type: Single Family, Residential
    MLS Number: CV14066076
    Community: Pasadena Nw
    The price of this listing was last reduced on 4/17/2014 by 2%
    Status: Conditional


    PRICE JUST REDUCED!! Wow, what a gem! This 4 bedroom 3 bathroom residence has been beautifully remodeled with brand new quartz countertops, kitchen cabinets, flooring, paint, fixtures, landscaping, and much more. You have to see this home to really understand it''s true beauty. This residence sits on an amazing tree lined street in the heart of Pasadena, just minutes from the Rose Bowl, in a quiet and kid friendly neighborhood; this home is perfect for the first time homebuyer, or the family that''s looking to grow. With a 3 car garage, and the only home available in the area with 4 bedrooms and 3 bathrooms, this one will not last long...come take a look before it''s too late!!

    Listed with NICHOLAS CARDENAS, INTERO REAL ESTATE SERVICES


    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, 19 Apr 2014 18:33:00 +0000: $470,000 :: 497 East California Boulevard, Unit 220, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,154 sq ft
    Lot Size: 75,794 sq ft
    Added: 04/15/14, Last Updated: 04/19/14
    Property Type: Condominium, Residential
    MLS Number: 214013524
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Wonderful single level condominium overlooking the pool featuring a dual master suite design with high ceilings, fireplace, walk-in closets, wood laminate flooring, inside laundry and a large balcony accessible from the living room and second bedroom. The unit comes complete with stove, microwave, fridge, dishwasher and a full size washer & dryer. There are 2 side by side parking spaces (#14 & #15 close to the elevator) in the subterranean garage with additional storage in the building''s basement. Park California is a secured condominium complex conveniently located in the Madison Heights / Play House district of Pasadena and features a community pool, spa, recreation room, workout room and well maintained grounds. HOA fees include building maintenance, insurance, water, hot water, trash & earthquake insurance.

    Listed with Joseph Reed, Sotheby''s International 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, 19 Apr 2014 17:35:00 +0000: $679,000 :: 182 South Bonnie Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,099 sq ft
    Lot Size: 7,108 sq ft
    Added: 04/18/14, Last Updated: 04/19/14
    Property Type: Single Family, Residential
    MLS Number: PW14079489
    Community: Pasadena Se
    Status: Active


    TURN KEY PROPERTY. WONDERFUL CALIFORNIA CRAFTSMAN STYLE HOME LOCATED IN SOUTHEAST PASADENA ACROSS FROM PASADENA COLLEGE WITH OVER 100 FEET OF CONCRETE DRIVE WAY TO ACCOMODATE MANY CARS, HARDWOOD FLOORING THROUGHOUT, FIREPLACE IN LIVING ROOM, FORMAL DINNING ROOM, LARGE KITCHEN WITH CENTER ISLAND. GARAGE OVER 700 SQ FEET IN THE BACK HAD BEEN CONVERTED TO 2 BEDS 1 BATH , LIVING ROOM AND LAUNDRY ROOM. UNIT HAS ITS OWN CENTRAL AIR AND HEAT , TANKLESS WATER HEATER, WASHER & DRYER HOOK UP, TILE FLOORING THROUGHOUT. BUYER TO VERIFY SQ FOOTAGE, ZONING AND PERMITS. IT IS A GREAT AREA TO LIVE IN OR INVEST.

    Listed with Don Trang, Real Estate Solution


    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, 19 Apr 2014 16:26:00 +0000: $768,000 :: 1869 Galbreth Road, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full bath
    Home size: 1,450 sq ft
    Lot Size: 9,649 sq ft
    Added: 01/18/14, Last Updated: 04/19/14
    Property Type: Single Family, Residential
    MLS Number: AR14012472
    Community: Pasadena Ne
    The price of this listing was last reduced on 4/13/2014 by 7%
    Status: Active


    The owner invested another $30k on it. Approved plan of additional 1200 SQFT to make the house 2650 SQFT total. Moving IN Condition. Located in the highly desirable neighborhood of Brigden Ranch, this updated English Tudor home offers a very inviting floor plan and has much of the character that is sought after in Pasadena...hardwood floors, coffered ceilings, and French doors to name a few. The kitchen has been updated with granite counter tops and s/s appliances. The plumbing and electrical have been updated too! The home is located on a spacious lot, over approximately 9,000 sq ft... Go through the French doors to the lovely patio off the dining room and enjoy the plentiful back yard to run around with family and friends, plant a garden or both! Whatever suites your wants and needs. You can live the European lifestyle: walk to the bakery, the butcher, the coffee shop and more in beautiful Pasadena! Your yard is full of Apple, Orange, Peach, Grape, Persimmon,Jujube, Avocado trees.Brand new ADT security system with camera and window and door protectors. $2000 water filter. Brand new fireplace and chimney. Brand new high end blinds. . Brand new outdoor spa and Gaziba. Separate two car garage with extra 5 parking spaces. Pricing for quick and clean sale!!!

    Listed with Huicun Qiao, AAA Global Investment 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, 19 Apr 2014 16:12:00 +0000: $459,990 :: 1728 North Garfield Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,040 sq ft
    Lot Size: 4,990 sq ft
    Added: 04/11/14, Last Updated: 04/19/14
    Property Type: Single Family, Residential
    MLS Number: IG14074854
    Community: Pasadena Ne
    Status: Active


    **STANDARD SALE** JUST RENOVATED!!! A MUST SEE, Quaint 1905 home located in a beautiful tree line streetfeaturing over 1000 sq. ft 3 bedrooms 2 bathrooms. Kitchen w/ NEW Granite Counter tops, NEW Kitchen Cabinets& NEW Appliances (Cooktop, Double-oven, Microwave, Dishwasher) NEW heating system, new garage door, FreshInterior & Exterior Paint, NEW flooring through out. Updated bathrooms and new fixtures through out. Quick responseto all offers!!** ***Buyer to verify all info, which is deemed reliable but not guaranteed**** INQUIRE ABOUT BUYERSINCENTIVES***

    Listed with Alaura Clennon, Griffin Real Estate, 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, 19 Apr 2014 15:31:00 +0000: $469,000 :: 931 East Walnut Street, Unit 108, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    1 bed, 1 full, 1 part baths
    Home size: 960 sq ft
    Lot Size: 49,548 sq ft
    Added: 04/18/14, Last Updated: 04/19/14
    Property Type: Condominium, Residential
    MLS Number: 214015291
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Built in 2007, Lake@Walnut provides a central location, within minutes of the Gold Line, the 210 freeway, Ralph''s Market, Trader Joe''s, restaurants and South Lake Shopping. Location within the complex is excellent as well, with a first floor patio providing direct street access, and the unit is just steps away from the public entry, elevator, parking, and the fitness room. The complex also offers a outdoor patio area with BBQ and fireplace, plus a club room with kitchen and TV. Inside this townhouse-style condo, luxurious finishes will pamper you with wood floors, high ceilings, lots of natural light, and an open, gourmet kitchen with beautiful cabinetry, granite counters and stainless steel appliances. Upstairs, the master suite has high ceilings, a private balcony, and a bath that will spoil you. This condo features a tech nook just perfect for a computer desk, as well as a guest bath and a laundry closet with stack washer and dryer. Two parking spaces are included.

    Listed with Roland Wilhelm, 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!


  • Sat, 19 Apr 2014 12:02:00 +0000: $849,000 :: 428 Redwood Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,641 sq ft
    Lot Size: 5,782 sq ft
    Added: 04/18/14, Last Updated: 04/19/14
    Property Type: Single Family, Residential
    MLS Number: 214015209
    Community: Pasadena Sw
    Tract: Not Applicable-647 (NA647)
    Status: Active


    Storybook English Tudor Revival grants your three wishes, character,views and comfort.Only minutes from everything,including Old Pasadena, its an oasis of picturesque privacy.Five patios make it ideal for entertaining friends and family. This tantalizing Tudor combines the old world charm of yesterday with the modern updates of today. There are original features and gleaming hardwood floors throughout the home with skylights and large windows casting an abundance of natural light. The generous sized kitchen with skylight is equipped with granite counters and stainless steel Wolf range. Cheerful breakfast nook opens to one of the five patios, perfect for morning coffee. A snug den could be just the right place for a home office or retreat. Finally, at the end of a hectic day take in the scenic view from the cabana at the top of the tiered yard. The two flights to front door are well worth the spectacular views at the top! Don''t miss the gorgeous patio above the garage as you go up

    Listed with Catherine Morgan, 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!


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