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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, 29 May 2016 21:33:00 +0000: $1,388,000 :: 334 South Greenwood Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,124 sq ft
    Lot Size: 7,276 sq ft
    Added: 05/29/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: AR16115110
    Community: Pasadena (SE)
    Status: Active


    3 bedroom/3 bathroom plus den. Move into this lovely home and enjoy the highly desirable Caltech Area of Pasadena, within walking distance to the Huntington Gardens. Stroll along the quiet tree-lined sidewalks, or simply relax in your private backyard while sipping lemonade made with the lemons from your trees. Do you want a hobby room where nobody can bother you? Or storage for your collection? The nicely finished basement will be great for it! If you want to entertain in style, you will love how the French doors will let the party spill out from the formal dining room, and living room, into the courtyard. If that is too much activity, well then, retire into your spacious master suite with high vaulted ceilings and all-marble master bathroom. Gleaming hardwood floors, convenient floor plan with two master suits, recessed lights in each room, and so much more that I''ll let you discover it for yourself when you come to see this inviting, comfortable home. The price is right, the timing is perfect, don''t wait, make your appointment now!

    Listed with Viktoria Rozenbaoum, HomeSmart 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/!


  • Sun, 29 May 2016 17:50:00 +0000: $699,000 :: 1211 North Del Rey Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,440 sq ft
    Lot Size: 23,427 sq ft
    Added: 05/17/16, Last Updated: 05/29/16
    Property Type: Residential , Townhouse
    MLS Number: AR16105043
    Community: Pasadena (NE)
    Status: Active


    Nestled between Brigden Ranch and Hastings Ranch and near Eaton Canyon, this spacious unit resides in a quiet, walk-able neighborhood. Designed with convenience and comfort in mind, this condo features large rooms, including a master suite with walk-in closet, two fireplaces, laundry near the bedrooms, 4 Ceiling Fans, one in each bedroom, Bamboo and Ceramic floors, a private/attached two-car garage within the underground carport,with direct access and storage, and much, much more.

    Listed with Dennis Miars, Miars, REALTOR


    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/!


  • Sun, 29 May 2016 13:49:00 +0000: $650,000 :: 1756 Whitefield Road, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,358 sq ft
    Lot Size: 7,559 sq ft
    Added: 05/27/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: SR16114033
    Community: Pasadena (NE)
    Status: Active


    Probate- No court confirmation required. Updated 3+2 in the desirable North Pasadena Heights District. Remodeled kitchen with newer cabinetry and granite counter tops, stainless steel appliances with refrigerator and builtin microwave. Large ceramic tile and wood laminate floors. Newer central refrigerated air. Ceiling fans. Remodeled bathrooms. Crown molding. Recessed lighting. Mirrored wardrobes. Raised panel doors. Double detached garage. Large yard.

    Listed with Larry Bovshow (w/ Paul Bovshow), Re/Max Olson 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/!


  • Sun, 29 May 2016 13:49:00 +0000: $545,000 :: 303 Wallis Street, Unit 9, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,225 sq ft
    Lot Size: 23,098 sq ft
    Added: 10/07/15, Last Updated: 05/29/16
    Property Type: Residential , Condominium
    MLS Number: WS15220612
    Community: Pasadena (SE)
    The price of this listing was last reduced on 5/29/2016 by 5%
    Status: Active


    A beautiful townhouse located in the desirable Madison Heights, close to Old Town, restaurants/specialty stores/entertainment and freeways. Patio deck at front along the landscape. Excellent floor plan - living room with fireplace, high ceilings, wood floors. Up steps to an open dining area with wood floors next to a fully upgraded kitchen - stylish cabinets, granite counter, wine cooler, modern fixtures nestled with a modern 1/2 bathroom at the corner. Pleasantly configured 2nd story with multiple skylights, a spacious master bedroom with vaulted ceiling, elegant window coverings and comfortable flooring extending into a 2nd spacious bedroom. A laundry closet sits conveniently next to the hallway. The property is upgraded in every aspect and well-maintained with such a positive flow of energy (chi). Property owner purchased and maintained an extended home warranty insurance program to ensure a quality lifestyle and pleasant living in this property. A 2-car garage located beneath the unit at the street level access from the exterior of the unit. The complex is well managed by an active homeowners association. A Must-See property.

    Listed with Scott Wang, AMPAC MANAGEMENT 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/free-home-search/!


  • Sun, 29 May 2016 12:15:00 +0000: $979,000 :: 80 Glen Summer Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,533 sq ft
    Lot Size: 6,262 sq ft
    Added: 05/16/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316004527
    Community: Pasadena (SW)
    Tract: Na647 (NA647)
    Status: Conditional


    Built in 1948, this beautiful one-story San Rafael traditional is located in one of Pasadena''s most desirable neighborhoods. Hardwood floors, crown molding, and large picturesque windows are just a few of the classic architectural elements found in this home. A light-filled formal living room features a curved bay window, a wood-burning fireplace and a view of the home''s front garden. The formal dining room also includes garden views and direct access to the kitchen. The home''s kitchen features white wood cabinetry, stainless double ovens, a Viking 6-burner cooktop and a built-in office space. French doors in the adjoining family room lead to an immaculately designed covered patio perfect for outdoor entertaining. The private, fenced yard includes lovely landscaping throughout. The home''s detached garage has been outfitted with custom cabinetry and air conditioning. This charming home is conveniently located near the neighborhood''s local San Rafael Park, the Rose Bowl, and Old Town Pasadena.

    Listed with Joy Majich, 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/free-home-search/!


  • Sun, 29 May 2016 10:37:00 +0000: $518,800 :: 3714 Anita Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 852 sq ft
    Lot Size: 5,089 sq ft
    Added: 05/26/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: WS16113189
    Community: Pasadena (SE)
    Status: Active


    ADORABLE HOME !! EXCELLENT STARTER CLASSIC CALIFORNIA STYLED HOME !! Charming house on a tree lined street, surrounded by larger homes and across from Chapman Woods. House has two bedrooms one bath with original hardwood floors and newer dual pain windows. Lots of Charm and Character with lots of possibilities. Back yard has fruit trees and brick patio for outdoor barbecuing and dinning. Enjoy a hot summer day or relaxing evening splash in the Above Ground Pool. Located close to 210 freeway, Hastings Ranch restaurants and shopping and the Sierra Madre Villa Metro Gold Line. High Demand area.

    Listed with Arminda Reza, SOVEREIGN R. E. 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/free-home-search/!


  • Sun, 29 May 2016 10:20:00 +0000: $459,000 :: 277 Pleasant Street, Unit 315, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,151 sq ft
    Lot Size: 0 sq ft
    Added: 05/23/16, Last Updated: 05/29/16
    Property Type: Residential , Condominium
    MLS Number: NP16110316
    Community: Pasadena (SE)
    Status: Active


    Located in one of Pasadena''s most desirable neighborhoods, this updated 2 bedroom 2 bathroom is located on the top floor in this gated complex on a quiet tree lined street. Remodeled kitchen with granite counters and stainless steel appliances. Updated bathrooms. Walk-in closet in master. Good floor plan with fireplace and private patio overlooking courtyard with gorgeous views of the mountains. The home includes 2 parking spots (tandem) in the gated garage and the building offers community laundry, fitness center, lounge/rec room, pool, and elevator. Close proximity to Old Town, the Paseo, gold line, shopping and restaurants. Also a few minutes to the Pasadena freeway.

    Listed with Jeff Stokes, 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/!


  • Sun, 29 May 2016 09:32:00 +0000: $938,000 :: 276 Pepper Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    6 beds, 3 full, 1 part baths
    Home size: 2,689 sq ft
    Lot Size: 8,400 sq ft
    Added: 05/27/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: WS16113479
    Community: Pasadena (NW)
    Status: Active


    Two separate units, close to Old Town Pasadena, Shops, Restaurants, and desirable location. Both houses rent month to month. Front house, 2BR, 1BA, living, dining room, and 2-car carport remodeling w/permits in 2011 includes: electric, plumbing, roofs, driveway,window A/C, hardwood floor, appliances, Kitchen & Bath. Currently, rents for $1380/month-Market rents $1800/month. Back house, build in 2012, features 4 BR, 2.5BA, dining, family, living room w/high ceiling, fireplace, 2-car garage, central A/C, hardwood and marble floor. Currently, rents for $2300/month-Market rents $3200/month. Rent has not been increased over 4 years for both units. Each house has laundry hook ups, private outdoor area, and separate gas/electric/water meters.

    Listed with Raymond Wong, IRN 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/!


  • Sun, 29 May 2016 09:17:00 +0000: $799,000 :: 1908 Rose Villa Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,581 sq ft
    Lot Size: 5,973 sq ft
    Added: 05/20/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316004618
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    Status: Active


    This charming Traditional-style home is located on one of everyone''s favorite streets in the Caltech neighborhood of Pasadena -- Rose Villa Street. The light-filled property features a large living room with crown moldings and a lovely gas-burning fireplace and the formal dining room has built-in shelving to display your collectibles. There are hardwood floors throughout most of the home, 3 bedrooms 2 bathrooms, a delightful galley-style kitchen with a charming breakfast room and a sunroom currently used as both a home office and laundry area. The garden provides multiple areas to dine, relax and play. There is a detached 2-car garage, central air and heat and a security gate at the driveway. Bring your creativity and vision to this wonderful home.

    Listed with Lisa Ashworth, John Aaroe 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/free-home-search/!


  • Sun, 29 May 2016 07:40:00 +0000: $1,928,000 :: 646 Linda Vista Avenue, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 2 part baths
    Home size: 3,304 sq ft
    Lot Size: 10,128 sq ft
    Added: 04/25/16, Last Updated: 05/29/16
    Property Type: Residential , Single Family Residence
    MLS Number: AR16086339
    Community: Pasadena (NW)
    Status: Active


    This picturesque Craftsman residence is nestled on tree lined Linda Vista Avenue. Rebuilt and redesigned in 2001 featuring an open floor plan, this home is a lovely blend of charm and elegance. The large Entry leads you to the Living and Dining rooms, with French doors opening to a large patio, great for entertaining! The light and bright Kitchen boasts custom cabinetry, granite countertops, stainless steel appliances and large center island. The main level also features the spacious Master Suite offering views of majestic oak trees, a huge walk-in closet and bath with dual sinks, soaking tub, plus oversized glass enclosed shower. The Master truly has a feeling of serenity. A lovely Powder Room and beautifully appointed second Bedroom Suite complete the Upstairs. Downstairs features two additional Bedrooms (one currently used as a Media Room with Office alcove and built-in wet bar), and a 3/4 Bath. There are French doors leading from both Bedrooms out to the lush backyard with brick patio, cascading waterfall and cozy fire pit. This home is professionally decorated throughout and shows beautifully.

    Listed with Gina Olivares, 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/free-home-search/!


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