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.
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:
- Tue, 17 Sep 2024 16:36:00 +0000: $1,125,000 :: 35 N Raymond Avenue #407, Pasadena CA, 91103 - Pasadena Home Search
2 beds, 3 baths
Home size: 1,340 sq ft
Lot Size: 16,545 sq ft
Added: 08/21/24, Last Updated: 09/17/24
Property Type: Condo/Townhouse/Co-Op
MLS Number: 24430519
Community: Pasadena (SW)
The price of this listing was last reduced on 9/17/2024 by 2%
Status: Active
Nestled within a beautiful historic building, this stunning 1,344 sq. ft. 2-bedroom, 2.5-bathroom home offers the perfect blend of classic charm and modern luxury. Step into a spacious living area adorned with custom touches throughout. The heart of the home is the exquisite custom kitchen, featuring a striking marble dining counter, new appliances, and Corian countertops. A built-in wine cooler adds a touch of sophistication, making this space perfect for both casual meals and entertaining guests. The updated marble bathrooms provide a spa-like retreat, while an outdoor patio offers a serene spot to relax and unwind. Designed for those who appreciate the ultimate in urban living, this home places you close to Pasadena's finest shopping, dining, parks, gardens, museums, and theaters. With the Gold Line Metro conveniently located right outside your door, exploring the best of the city has never been easier. Additional amenities include central HVAC, a brand-new in-unit LG washer and dryer, gated underground parking for two vehicles, and a secure, controlled-access building. This vibrant lifestyle is what you've been dreaming of don't miss out on the opportunity to make it yours. Act quickly, as this gem won't last long!
Listed with Jane Kellard CalDRE: 01506433 | 310-989-1200, 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/free-home-search/!- Tue, 17 Sep 2024 16:30:00 +0000: $649,000 :: 300 N El Molino Avenue #208, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 2 baths
Home size: 982 sq ft
Lot Size: 0 sq ft
Added: 09/17/24, Last Updated: 09/17/24
Property Type: Condo/Townhouse/Co-Op
MLS Number: P1-19294
Community: Pasadena (SW)
Status: Active
Welcome to El Molino Terrace! This 2-bedroom condo is an interior corner unit with the balcony facing the pool and is centrally located to all that Pasadena has to offer. As you enter the home you will notice wood-like flooring, crown molding, a modern, open floor plan and a sliding door that leads to the outdoor patio. The gourmet kitchen includes granite counter tops, stainless-steel appliances, brand new microwave, gas range, breakfast bar, and maple faced cabinets. Other features include a washer and dryer located inside the unit, a gas fireplace, dining area and a spacious living room. Both bedrooms offer walk-in closets, new carpet, and recently remodeled bathrooms. The building's amenities are endless! They include a peaceful central courtyard, pool and spa, sauna, fully equipped gym, and a community recreation room with kitchenette ideal for gathering with friends, family, and neighbors. Minutes away is the Pasadena Playhouse, dog park, restaurants and shopping on Colorado and Lake, and conveniently located to the 210 freeway.
Listed with Jeff Fisher CalDRE: 01429217 | (626) 394-6696, Berkshire Hathaway Home Servic
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/!- Tue, 17 Sep 2024 15:40:00 +0000: $899,000 :: 77 W Washington Boulevard, Pasadena CA, 91103 - Pasadena Home Search
3 beds, 2 baths
Home size: 1,001 sq ft
Lot Size: 3,002 sq ft
Added: 06/20/24, Last Updated: 09/17/24
Property Type: Single Family
MLS Number: 24405829
Community: Pasadena (NW)
Status: Conditional
Welcome to this updated classic California bungalow in Pasadena. Gated and secure, and surrounded by mature trees, this turnkey home blends functionality with style, filled with abundant natural light, featuring 2 bedrooms and 1 bath in the main house and a 1 bedroom unit (ADU) in the back, great for rental income or for in-laws to live in one. The remodeled kitchen boasts stainless steel appliances, quartz countertops, and shaker-style cabinetry. The bathroom features a frameless glass shower and quartz accents. The new ADU has a full kitchen, separate bedroom, and its own entrance. The property also includes a long driveway with tandem parking for two cars. Centrally located between La Canada, South Pasadena, and San Marino, and just a 5-minute drive from downtown Pasadena.
Listed with Alphonso Lascano CalDRE: 01723550 | 818-800-8848, Carolwood Estates
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/!- Tue, 17 Sep 2024 13:34:00 +0000: $1,350,000 :: 178 S Euclid Avenue #402, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 2 baths
Home size: 1,127 sq ft
Lot Size: 22,617 sq ft
Added: 09/17/24, Last Updated: 09/17/24
Property Type: Condo/Townhouse/Co-Op
MLS Number: P1-19290
Community: Pasadena (SW)
Tract: Not Applicable
Status: Active
178 South Euclid is a jewel in the heart of historic Pasadena, amongst some of the City's most renowned architectural icons and neighborhoods, across from the Pasadena Convention Center, Pasadena Civic Auditorium, Equinox Gym and Pasadena Ice Skating Center. The building has has high ceilings, a shared lounge/work area overlooking a lush courtyard designed with a focus on sustainability and community--creating a sanctuary for the owners. Inspired by the historical buildings of Old Pasadena, the dark metal finishes, light oak color floors and cabinets bring warmth to its chic modern design. The cook's open kitchen which faces the unit's private patio, allows for the flow of natural light, creating an indoor-outdoor environment perfect for entertaining. Featuring luxurious amenities and finishes, Samsung appliances, built-in closets, in-unit laundry and 2 assigned storage spaces and 2 parking spaces in the secure, underground garage, 178 S. Euclid allows its owners to live in one of the most culturally vibrant locations of Southern California. In its vicinity, residents who work or study in the medical profession can find the newly founded Kaiser Medical School, Huntington Hospital and the Fair Oaks/Medical Tech corridor. In addition, the California Institute of Technology (CalTech), Pasadena City College (PCC) and the Huntington Botanical Gardens are within a short bike ride distance. The Metro Gold Line, where one can connect by rail to downtown Los Angeles or anywhere within the Amtrack network, is only a few short blocks away. Close to the elegant Orange Grove neighborhood renowned for the annual Rose Bowl Parade, residents can walk to the Norton Simon Museum, take a stroll over the stately Colorado bridge to view the majestic San Gabriel Mountains, or escape the City into the trails along the Arroyo Seco and participate in a variety of activities and events that the Rose Bowl and Brookside Golf Course offer.
Listed with Shahe Seuylemezian CalDRE: 01400433 | (818) 414-1728, Remax Dream 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/!- Tue, 17 Sep 2024 13:34:00 +0000: $849,000 :: 511 S El Molino Avenue #17, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 3 baths
Home size: 1,158 sq ft
Lot Size: 25,744 sq ft
Added: 09/17/24, Last Updated: 09/17/24
Property Type: Condo/Townhouse/Co-Op
MLS Number: P1-19291
Community: Pasadena (SE)
Status: Active
This wonderful townhouse features 2 bedrooms, 2.5 bathrooms plus an office/den and is within close proximity to an abundance of shopping, theaters, restaurants and grocery stores (such as Erewhon, Target and Trader Joe's). Enter through the private patio into the spacious living room, with ten-foot ceilings, recessed lighting and beautiful wood flooring. There is a spacious dining area off the newly renovated kitchen. The kitchen has stainless steel appliances, stone countertops with a breakfast bar and lots of storage. There is also a convenient laundry closet, complete with a new stackable washer and dryer. A powder room completes the main level of the home. On the second level, the primary suite has charming tree top views and a three-quarter bathroom with a skylight. There is a second bedroom off the hallway, plus an office/den and an additional full bath also with a skylight. Multiple built-in cabinets are also located in the upstairs hallway. Downstairs is a large, private attached two-car garage and there is a lovely pool in the complex. HOA dues include earthquake insurance, exterior building insurance, water, trash and landscaping. This townhouse embodies all that Pasadena has to offer. Welcome home!
Listed with Jenan Musulli CalDRE: 01438002 | (626) 318-7118, Coldwell Banker 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/!- Tue, 17 Sep 2024 12:52:00 +0000: $1,998,000 :: 322 S Grand Oaks Avenue, Pasadena CA, 91107 - Pasadena Home Search
4 beds, 4 baths
Home size: 2,365 sq ft
Lot Size: 7,859 sq ft
Added: 09/17/24, Last Updated: 09/17/24
Property Type: Single Family
MLS Number: OC24193177
Community: Pasadena (SE)
Status: Active
Welcome to this beautiful custom-built four bedrooms and four bathrooms home located in the quiet neighborhoods of Pasadena. Surrounded by 16 ft hedge, front yard gated pass-code and backyard guarded by remote controlled iron gate, this one-of-a-kind castle influenced home was built with absolute privacy and security. Home has a built-in entertainment/intercom system, hardwood flooring, and skylights all throughout the home to provide you the amplest amount of natural lighting. Gourmet kitchen features two stainless steel Sub-Zero refrigerators, Thermidor six Burner professional stove range, drawer, dishwashers, and more! Each bedroom is en-suite along with an independent one BED and one BATH guest house that includes a full washer/dryer & kitchen. Master Suite is specially designed and features a fireplace, steam bath, and views overlooking the salt water pool and waterfall feature. Enjoy your sunset views and mountain skyline off the rooftop garden or all while relaxing on your rooftop hot tub! Within proximity to Pasadena City College, Rose Parade Route, Huntington Library, California Institute of Technology, and much much more! Buyer is responsible to verify SQFT.
Listed with Cindy Chin CalDRE: 01921826 | 877-622-7789, Cindy Chin 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/!- Tue, 17 Sep 2024 12:28:00 +0000: $650,000 :: 973 E Villa Street #2, Pasadena CA, 91106 - Pasadena Home Search
2 beds, 2 baths
Home size: 1,043 sq ft
Lot Size: 20,792 sq ft
Added: 08/24/24, Last Updated: 09/17/24
Property Type: Condo/Townhouse/Co-Op
MLS Number: PF24169348
Community: Pasadena (NE)
Status: Active
Great starter condo, convenient location. First floor features a spacious and bright living room, dining room, kitchen and 1/2 bath. There is a private patio off the living room. Upstairs there is a very large primary bedroom, room for an office or work out area. Large guest bedroom with a balcony, perfect to enjoy your morning coffee. Both bedrooms share a full bath. There are new carpets, new light fixtures, new paint, and new linoleum in kitchen and baths. Also, new toilets, and newer water heater. 2 Car attached garage features a laundry nook. Central air and heat. Seller will leave washer, dryer, and refrigerator.The condo is close to the 210 Freeway, Gold Line, Cal Tech and Lake Ave., with many restaurants and shops.
Listed with Jan Thornton CalDRE: 01022261 | 626-440-5100, 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/free-home-search/!- Tue, 17 Sep 2024 12:04:00 +0000: $850,000 :: 657 655 N Mentor Avenue, Pasadena CA, 91106 - Pasadena Home Search
2 beds, 3 baths
Home size: 1,442 sq ft
Lot Size: 3,028 sq ft
Added: 04/07/24, Last Updated: 09/17/24
Property Type: Single Family
MLS Number: P1-17129
Community: Pasadena (NE)
Tract: Not Applicable
The price of this listing was last reduced on 6/17/2024 by 11%
Status: Conditional
Welcome to this mixed-use residential and commercial building in Pasadena. The front is a 2-unit commercial building that was built in 1948, and attached behind it is an 1892 built 2 bed/1 bath residence. 655 N Mentor is a commercial studio with a bath measured at 210 sf. 657 N Mentor is a commercial studio with a bath measured at 377 sf. The rear home measures 855 sf. Total square footage measured is 1442 sf (tax indicates 1340 sf). The flat lot is 3000 sqft, 50 ft wide, and 60 ft deep. There is a rear yard, driveway with gate, and garage. Fantastic location: 1 block from Lake Avenue, and just below Bungalow Heaven Landmark District. Zoned CL SP-1E (Limited Commercial). Bring your hammer. Sold as-is.
Listed with Michael Bell CalDRE: 01164731 | (626) 796-4100, Sotheby's International Realty, 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/free-home-search/!- Tue, 17 Sep 2024 09:54:00 +0000: $1,349,000 :: 2574 E Villa Street, Pasadena CA, 91107 - Pasadena Home Search
4 beds, 1 bath
Home size: 1,630 sq ft
Lot Size: 5,733 sq ft
Added: 09/17/24, Last Updated: 09/17/24
Property Type: Single Family
MLS Number: P1-19285
Community: Pasadena (NE)
Status: Active
This English Tudor cottage in East Pasadena oozes with charm and owner upgrades. Built in 1930 on a corner lot close to Victory Park and the popular Daisy Villa neighborhood, this 4 bedroom, 1 bath home with over 1,600 square feet of living space has been upgraded and respected for nearly 100 years. The dramatic living room with a barrel ceiling, vintage tile hearth and surround, and a high-end stencil overlay on the hardwood floors replicating an inlay pattern sets the stage for a home that has been lavished with style. The kitchen has been re-crafted with a pantry, center island, and high-end appliances, without losing space for a separate eating area adjacent to the formal dining room. French doors open to a side terrace and immaculate destination areas, including fountains, patios with interlocking pavers and gardens, providing your culinary extras. 3 downstairs bedrooms share a common hallway and full bath, and a surprising original 4th bedroom is accessed by a tucked away stairway to the upper floor, which can potentially be expanded into the high-pitched roof lines to create a sensational primary retreat. This property offers a detached garage with a gated entry and an electric car charging station. Well-developed and curated beyond expectation, this cottage provides ample square footage, quality and character well beyond the typical entry-level home in the greater Pasadena marketplace.
Listed with Peter Martocchio CalDRE: 01311046 | (626) 529-6880, Sotheby's International Realty, 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/free-home-search/!- Tue, 17 Sep 2024 08:58:00 +0000: $1,350,000 :: 3783 Elma Rd, Pasadena CA, 91107 - Pasadena Home Search
4 beds, 0 bath
Home size: 2,779 sq ft
Lot Size: 6,805 sq ft
Added: 09/01/24, Last Updated: 09/17/24
Property Type: Single Family
MLS Number: CV24181360
Community: Pasadena (SE)
Status: Conditional
Welcome to a unique investment opportunity in a prime location! This charming home, brimming with potential, is ready for its next chapter and offers the perfect canvas for your creativity. This property is an ideal choice for savvy investors and DIY enthusiasts alike.With ample square footage and a versatile layout, this home provides plenty of room to transform into your dream residence or a lucrative rental property. The home is ready for a makeover, allowing you to design and renovate according to your vision. Whether you're looking to modernize the interiors or reimagine the outdoor space, the possibilities are endless. With the right upgrades, this property has potential to significantly increase in value. Ideal for those looking to flip, rent, or even create a unique, personalized home.
Listed with Todd Troendle CalDRE: 02097909 | 626-789-0159, YOUR HOME SOLD GUARANTEED RLTY
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/!
