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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, 28 Mar 2015 16:29:00 +0000: $634,000 :: 133 S Los Robles AVE, Unit 509, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 939 sq ft
    Lot Size: 0 sq ft
    Added: 03/28/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15891235
    Community: Pasadena Se
    Status: Active


    With an attention to detail and intelligent design, the upgraded kitchen with an island an additional built-ins and storage is the focal point of this unique and brand new home. Perfect for entertaining. Flooded with natural light and southern exposure. Bathroom features dual vanities.

    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/free-home-search/!


  • Sat, 28 Mar 2015 15:50:00 +0000: $649,000 :: 133 S Los Robles AVE, Unit 306, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 988 sq ft
    Lot Size: 0 sq ft
    Added: 03/08/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15885157
    Community: Pasadena Se
    Status: Active


    The last remaining 2 bedroom at The Burton is a desirable south/west corner home. The thoughtful floor plan feels like a single family home with a large dinning area off the breakfast bar and adjacent living room is perfect for entertaining guests. The south west exposure allows for maximum natural light.

    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/free-home-search/!


  • Sat, 28 Mar 2015 15:37:00 +0000: $619,000 :: 133 S Los Robles AVE, Unit 407, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 939 sq ft
    Lot Size: 0 sq ft
    Added: 03/08/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15885155
    Community: Pasadena Se
    Status: Active


    SELLER TO PAY THE FIRST YEAR OF HOA DUES!!! The Burton is a modern yet architecturally inspiring building. This 1 bedroom 1 bathroom home features an open floor plan, and creatively designed/highly functional bathroom, with dual vanities. The southern exposure allows for maximum natural light.

    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/free-home-search/!


  • Sat, 28 Mar 2015 15:35:00 +0000: $1,200,000 :: 1720 Loma Vista Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 1 full, 2 part baths
    Home size: 2,599 sq ft
    Lot Size: 10,559 sq ft
    Added: 03/27/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315003038
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    On a quiet Street, this home exudes charm throughout, large family room with a fireplace and a beautiful mantle, crown moldings and large windows facing north side. Formal dining room with crown molding and wainscoting, very light and bright office, lovely updated kitchen with newer appliances, entertainer's backyard with a pool and a large lawn. This is a must see family home!

    Listed with Teresa Piasky, 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/!


  • Sat, 28 Mar 2015 15:33:00 +0000: $589,000 :: 133 S Los Robles AVE, Unit 307, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 939 sq ft
    Lot Size: 0 sq ft
    Added: 02/12/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15879101
    Community: Pasadena Se
    The price of this listing was last reduced on 3/28/2015 by 2%
    Status: Active


    PRICE REDUCTION AND SELLER TO PAY 1 YEAR HOA DUES!! Open floor plan, and entertainer's dream. Southern exposure, flooded with natural light. Dual vanities in the bathroom. For a limited time Seller to pay 1st year of HOA dues.

    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/free-home-search/!


  • Sat, 28 Mar 2015 13:55:00 +0000: $368,000 :: 125 S SIERRA MADRE BLVD, Unit 302, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,120 sq ft
    Lot Size: 31,660 sq ft
    Added: 03/16/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15887657
    Community: Pasadena Se
    Status: Active


    **Sunday 3/29, 2-3:30PM, call LO for showing information** Spacious 2-bedroom, 2 bath top corner unit is in a great part of Pasadena near shops and restaurants with easy access to the 210 freeway. The large living area has an open floor plan with wood floors, exposed brick, fireplace, and lots of natural light. Large courtyard-facing balcony. Building amenities include a pool, gym, laundry room, and private event space. Assigned tandem parking spot will accommodate two cars.

    Listed with Dane Carpe, DMC Funding, 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/!


  • Sat, 28 Mar 2015 10:37:00 +0000: $529,000 :: 943 North Garfield Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,130 sq ft
    Lot Size: 7,456 sq ft
    Added: 03/20/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315001653
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Nestled in the Garfield Heights Neighborhood District - one of Pasadena's most treasured and architecturally diverse neighborhoods, you'll find this 1911 two bedroom, one bath updated Craftsman-style bungalow. With a warm and inviting curb appeal, you'll immediately be drawn to the gabled covered front porch and period style front door. Inside the home, you'll be taken by the beautifully preserved woodwork. The open floor plan features an abundance of double hung windows which create an airy and light-filled home brimming w/ warmth. The living room is anchored by a fireplace flanked by a built-in desk & shelving and opens to the spacious dining room w/ gleaming wood wainscoting, box beam ceiling, crafted built-in buffet, storage closet and French door. The sunny eat-in kitchen and full bath have both been updated. In addition, there is a sliding door off the kitchen leading to a deck, a private rear garden w/ mature Wisteria vine, A/C, a finished 1 car garage, and a storage shed.

    Listed with Mark Cohn (w/ Cynthia Cohn), 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/!


  • Sat, 28 Mar 2015 10:11:00 +0000: $710,000 :: 1151 Armada Drive, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 2 part baths
    Home size: 1,082 sq ft
    Lot Size: 4,517 sq ft
    Added: 03/25/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315001530
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    This sophisticated remodeled & updated bungalow is one block from Pasadena's Prospect Park dist. Superb craftsmanship & elegant taste are reflected throughout this professionally designed home. There are gleaming wood floors, hand crafted cabinetry,& high end light fixtures & hardware. The kitchen has granite counters & top o/the line appliances including beautiful gas range with glass hood & a gorgeous Fisher Paykel refrigerator. The laundry has a Bosch washer and dryer. The baths have beautiful travertine showers & floors. Both bdrms are part of the remodel & have soaring ceilings w/French doors opening to the spacious deck constructed w/beautiful Trex wood-like composite decking. The backyard is tastefully landscaped w/plants,flwrs & lovely slate pavers. The incredible deck is a great place to relax and enjoy beautiful sunsets & amazing views of the 4th of July fireworks over the Rose Bowl. This ideal location is a short distance to Old Pasadena and other places of interest locally.

    Listed with Shirley Knuth, Castle and Home REALTORS


    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/!


  • Sat, 28 Mar 2015 09:52:00 +0000: $525,000 :: 315 South Sierra Madre Boulevard, Unit F, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,504 sq ft
    Lot Size: 16,156 sq ft
    Added: 03/23/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 315002734
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Super split level condo in prime location. Small eight unit complex with low HOA dues. Step into the entryway that leads you to this open floor plan.The living room is spacious with fireplace and direct access to the lovely private patio. On the second level there is the guest bath, an ample formal dining room, wet bar, open kitchen with a large dining area and garden window bringing in lots of natural lighting. The upper level includes 2 bedrooms, a full bath plus a master suite with high ceilings,wood flooring, walk in closet and balcony perfect for relaxing at the end of the day. Central A/C, new interior paint, new fencing on all units, newer exterior paint on complex and new garage doors. This complex is centrally located to all with easy access to freeways and is adjacent to San Marino. Minutes from Cal Tech, PCC and Polytechnic, Starbucks, Honey Baked, supermarkets plus local eateries on Colorado. Attached private 2 car garage with laundry in garage and direct access to unit.

    Listed with Julie Martin, Dilbeck 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/free-home-search/!


  • Sat, 28 Mar 2015 09:05:00 +0000: $585,000 :: 68 North Allen Avenue, Unit 2, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,450 sq ft
    Lot Size: 16,049 sq ft
    Added: 03/12/15, Last Updated: 03/28/15
    Property Type: Residential, Sale / Townhouse
    MLS Number: 315002469
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    This bright, light filled end-unit Pasadena townhouse is ideally located with easy access to the Metro Line, PCC, CalTech and Colorado Blvd. The gorgeous interior features crown molding throughout, wood floors, in-unit laundry and extra large double car garage with direct access to the unit. There are stainless steel appliances in the kitchen, convection oven, granite counter tops & tile floors. The dining area opens to a lovely patio. Upstairs the master suite boast soaring cathedral ceilings and lovely arched windows. Bountiful closet space abounds! The master bath features a separate stall shower in addition to the bathtub. There are two additional bedrooms and a full bath also with travertine tile. Double-paned windows insure efficiency & noise reduction. The courtyard is beautifully landscaped & maintained creating a wonderful home environment. The gated entrance to the complex & the garage provides safety & security.

    Listed with John Moreno, 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/!


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