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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:

  • Sat, 20 Dec 2014 00:12:00 +0000: $399,000 :: 746 East Howard Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,068 sq ft
    Lot Size: 8,210 sq ft
    Added: 10/11/14, Last Updated: 12/20/14
    Property Type: Residential , Single Family Residence
    MLS Number: WS14218902
    Community: Pasadena (NE)
    Status: Conditional


    Location Location Location And More Location, This Lovely Home Is In Distress Needs TLC, Centrally Located, And Near By Local Shops Around The Corner

    Listed with Carlos Ibarra, C-21 EARNEST


    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, 20 Dec 2014 00:11:00 +0000: $599,000 :: 880 North Euclid Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 1,968 sq ft
    Lot Size: 6,999 sq ft
    Added: 10/29/14, Last Updated: 12/20/14
    Property Type: Residential , Single Family Residence
    MLS Number: SR14230944
    Community: Pasadena (NW)
    Status: Active


    Property "Sold As Is". Property can be used as a triplex.

    Listed with Tomas Schoff, American Dream 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!


  • Fri, 19 Dec 2014 23:11:00 +0000: $351,500 :: 497 South El Molino Avenue, Unit 306, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 969 sq ft
    Lot Size: 25,749 sq ft
    Added: 07/10/14, Last Updated: 12/19/14
    Property Type: Residential, Sale / Condominium
    MLS Number: 214026542
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    The price of this listing was last reduced on 12/20/2014 by 2%
    Status: Active


    Top floor unit, very good floor plan. New carpet and paint., views !

    Listed with Mitchell Halpern, Mitchell Halpern 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!


  • Fri, 19 Dec 2014 21:23:00 +0000: $339,000 :: 449 North Catalina Avenue, Unit 207, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 900 sq ft
    Lot Size: 0 sq ft
    Added: 12/12/14, Last Updated: 12/19/14
    Property Type: Residential, Sale / Condominium
    MLS Number: 314034025
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Striking Contemporary Style Townhome Located In Close Proximity To Old Town Pasadena, South Lake Shopping District, Paseo Colorado, The Pasadena Playhouse, And Just A Short Distance To The Lake Avenue Gold-Line Stations. The Unit Is Situated On The Top Floor With No Common Walls With Other Units Offering Plenty Of Natural Light And Privacy. Features Include An Open-Concept Floor Plan With A Spacious Kitchen That Opens Into The Formal Eating Area And Living Room, Sliding Glass Doors Allowing Easy Access To A Private Balcony. Two Bedrooms, Two Full Baths, Including A Master Bedroom Suite With Ample Closet Space. Other Features Include Fresh Paint, New Carpeting Throughout, In-Unit Washer & Dryer Closet, Central Air And Heat And Gated Subterranean Parking.

    Listed with Daniel Gomez, Dilbeck Real Estate, Real Living


    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!


  • Fri, 19 Dec 2014 20:04:00 +0000: $659,000 :: 1983 North Garfield Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 2,050 sq ft
    Lot Size: 7,005 sq ft
    Added: 12/19/14, Last Updated: 12/19/14
    Property Type: Residential , Single Family Residence
    MLS Number: SR14260971
    Community: Pasadena (NE)
    Status: Active


    This light & bright charming Craftsman features a sunny enclosed front patio leading to a large living room with fireplace & gleaming wood floors. Off the living room is a light & bright dining area with windows to the side yard. The remodeled kitchen has custom cabinets, granite countertops, wine cabinet, washer/dryer & a door leading to the back yard. Upstairs is a private master suite with plenty of light. The downstairs full bath has tile flooring & pedestal sink. Facing the private side yard are 2 bedrooms one of which has French doors that lead to a charming private patio. The 4th bedroom has an attached bathroom & kitchen perfect for extended family at the back of the house with ample closet space & it's own door leading to the back yard. This house is great for entertaining with lots of privacy. Other features include tankless water heater, finished one car garage with a covered patio, landscaped magnificently with southwestern agave, succulent and cacti garden. Perfect for summer BBQ's! A must see!

    Listed with Barry Sylvan, Barry Sylvan Company


    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!


  • Fri, 19 Dec 2014 18:44:00 +0000: $519,000 :: 1300 Fay Place, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,111 sq ft
    Lot Size: 3,560 sq ft
    Added: 11/17/14, Last Updated: 12/19/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314033466
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Conditional


    This beautifully restored and updated English Revival bungalow is located on a private cul-de-sac in Northwest Pasadena. The bougainvilla-covered porch opens to a sunny living room with pristine hardwood floors, Batchelder-style fireplace and coved ceilings with exposed beams. An arched entry opens to the dining room which features French doors to the intimate back patio and pretty garden. The fully-updated kitchen features new hardwood floors, sleek cabinetry, new appliances including a Bertazonni stove and is freshly painted. A separate breakfast room w/ built-in cabinets is currently shown as an office. Two comfortable bedrooms share a full bathroom w/ separate tub & shower. An attached garage features stackable Miele washer & dryer.

    Listed with Denise Therieau, 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!


  • Fri, 19 Dec 2014 16:53:00 +0000: $1,488,000 :: 865 Arden Road, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 2,083 sq ft
    Lot Size: 8,089 sq ft
    Added: 11/04/14, Last Updated: 12/19/14
    Property Type: Residential , Single Family Residence
    MLS Number: AR14235420
    Community: Pasadena (SW)
    Status: Active


    Desirable location, impeccable turnkey home facing south. Totally remodeled, near Cal Tech, Old Town, Langham Hotel, and adjacent to San Marino. Newer kitchen with center island, open to family room, high ceiling, tow fireplaces, dual pane Pella windows, dual C/A/Heat, hardwood floors, copper plumbing, newer room, crown moldings and gated two car attached garage has sun roof. Great home with great location.

    Listed with Imy Dulake, 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!


  • Fri, 19 Dec 2014 16:00:00 +0000: $899,000 :: 1455 South Los Robles Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 full baths
    Home size: 1,708 sq ft
    Lot Size: 12,295 sq ft
    Added: 08/04/14, Last Updated: 12/19/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 214028775
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    The price of this listing was last reduced on 11/7/2014 by 2%
    Status: Active


    Sophisticated and secluded, this hillside pied terre is conveniently located in Pasadena just north of San Marino's Mission District. An attractive slate tile patio leads to the double door entryway. Inside, the foyer, with powder bath and guest closet, has marble flooring with mosaic medallion and wrought iron gateway to the spacious, bright living room with European style fireplace. The elegant formal dining room is two steps up and open to both the living room and to the backyard via French doors. The efficient kitchen is convenient to the dining room and to the al fresco dining pergola in the back garden. There is a laundry / mud room adjacent. Two side-by-side bedroom suites, each with its own bath complete the practical floor plan. Reached by a private drive, this unique home is a wonderful condo alternative.

    Listed with Catherine Cheney, Coldwell Banker Residential Brokerage Company


    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!


  • Fri, 19 Dec 2014 15:29:00 +0000: $715,000 :: 2959 Paloma Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,582 sq ft
    Lot Size: 12,766 sq ft
    Added: 09/03/14, Last Updated: 12/19/14
    Property Type: Residential , Single Family Residence
    MLS Number: WS14189509
    Community: Pasadena (NE)
    The price of this listing was last reduced on 10/10/2014 by 1%
    Status: Conditional


    !!!Nice House in the Beautiful area of Pasadena!!!!! close to transportation, schools and shopping centers. Enjoy the Rose Bowl and Rose Bowl Parade in this 3 Bedrooms 2 Baths with a beautiful yard and swimming pool for those hot summer days. Dining room, inside laundry, large master bedroom, fireplace and air conditioning are part of this great house. Great for first time buyers!!!! !!!!!!! Back on the Market!!!!!! Hurry Wont Last!!!!!!!!

    Listed with Vincent Chen, RE/MAX PREMIER/SANMARINO


    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!


  • Fri, 19 Dec 2014 13:39:00 +0000: $449,000 :: 1941 North Summit Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,111 sq ft
    Lot Size: 6,121 sq ft
    Added: 12/18/14, Last Updated: 12/19/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314034114
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    Suburban Delight! With 2 car attached garage, this contemporary style home, with a red door to catch your eye is sure to please. Nice country land & hard scaped, also includes a large brick patio and is surrounded by newer wood fencing and mountain views.Beautiful custom tile & light fixtures throughout. Naturally light and bright with an open floor plan that features a nicely remodeled kitchen with newer appliances. The bedrooms are large with mirrored closet doors and one of them has a slider to the back yard. the guest bathroom is also newly remodeled & stunning. The master bedroom includes a large walk-in closet and private bathroom. It's time to come home in style.

    Listed with Marlin Dginguerian (w/ Amy Dginguerian), JohnHart 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!


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