(626) 629-8439

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, 04 Feb 2023 08:10:00 +0000: $950,000 :: 288 S Oakland Avenue #204, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,480 sq ft
    Lot Size: 20,665 sq ft
    Added: 10/10/22, Last Updated: 02/04/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR22218800
    Community: Pasadena (SW)
    Status: Conditional


    This contemporary, bright and spaciously airy larger townhome is centrally located in a prime Pasadena neighborhoodon a beautiful tree lined street between Old Town Pasadena, South Lake Avenue, Paseo Colorado, and Huntington Hospital. This home has an open layout, allowing for endless work from home office capabilities, cathedral ceilings, wide planked wood flooring, modern kitchen and baths featuring stainless steel appliances and a powder room on the main floor provides convenience for guests. There is also a terrace connected to the kitchen that will allow al-fresco dining! Throughout the home, there is recessed lighting and plenty of windows which allow in an abundance of natural light. Upstairs, the master bedroom has a sized walk-in closet and ensuite bath along with a beautiful mountain view. The secondary bedroom is also generously sized with walk in closet and ensuite bath. A washer/dryer enclosure and tankless water heater are also included. There are two side-by-side parking spaces and a private storage room in the subterranean parking garage. There is also convienant access to the Metrogold line and 210/134/110 freeways.

    Listed with Marshall Mar CalDRE: 02026978 | 626-593-7456, Harvest Realty Development


    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/!


  • Fri, 03 Feb 2023 22:22:00 +0000: $714,000 :: 1299 Cordova Street #205, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,243 sq ft
    Lot Size: 20,413 sq ft
    Added: 12/12/22, Last Updated: 02/03/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS22254198
    Community: Not Defined
    Status: Conditional


    Conveniently located within close proximity to Cal-Tech and PCC. This well kept single level unit has been fully renovated with taste and style. The laundry room is conveniently located down the hall on the same floor, but a washer has been installed in the bathroom for convenience. The large and open living room opens up to a balcony that's also accessible from the bedroom. One assigned parking space is located on the underground parking garage, along with additional storage cabinets.

    Listed with EDWARD TANG CalDRE: 01920316 | 626-566-7784, KINGSTON 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/!


  • Fri, 03 Feb 2023 17:48:00 +0000: $775,000 :: 691 W Washington Boulevard, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 945 sq ft
    Lot Size: 10,015 sq ft
    Added: 01/25/23, Last Updated: 02/03/23
    Property Type: Single Family
    MLS Number: SR23013279
    Community: Pasadena (NW)
    Status: Conditional


    RUN, DON’T WALK! Proudly presenting a rare opportunity to own a property on an all FLAT lush 10,000+ SQFT lot in a beautiful LOCATION! Property is near major freeways for easy commuting, as well as close to the Brookside Golf Course and Rose Bowl Stadium. Also, it’s close to schools, shops, restaurants and more! The opportunities are endless! Don’t miss your chance to turn this house into a home with some updates of your own choosing. It already has the land so the only thing missing is your vision!

    Listed with Michael Steven CalDRE: 01795408 | 661-255-4600, Coldwell Banker Quality 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/!


  • Fri, 03 Feb 2023 14:20:00 +0000: $1,169,000 :: 2054 Beverly Drive, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 1,158 sq ft
    Lot Size: 5,772 sq ft
    Added: 01/05/23, Last Updated: 02/03/23
    Property Type: Single Family
    MLS Number: 23229465
    Community: Pasadena (NE)
    The price of this listing was last reduced on 1/26/2023 by 1%
    Status: Active


    Casa Naomi is a charming two-bedroom, one-bath Spanish-style home located in a desirable neighborhood in Pasadena. Welcomed by 11' barreled ceilings in the living room which leads you into the dining room which also features high ceilings and plenty of natural light. The kitchen is beautifully designed with terracotta tiles, brass fixtures, stainless steel appliances, and custom cabinetry with a generous amount of storage. The large laundry room has additional custom storage and provides access to the rear yard. The primary and guest bedrooms are both spacious with sizable closets. The bathroom offers dual vanity, two showers, and a large soaking tub situated underneath a window providing a beautiful touch of natural light. With newly added features such as led lighting, dual pained windows, a nest thermostat, smart oven, ring camera, new HVAC, and paid-for solar. A long driveway leads you to a two-car garage which is completed with drywall and insulation and leaves a blank canvas to create a workspace, studio, gym, or whatever your imagination brings you. The garage has a large set of sliding doors that leads you into the grassy backyard. The entire property is gated and has Ficus thoughtfully planted to provide plenty of privacy completed with a drip irrigation and sprinkler system.

    Listed with Travis Bayles CalDRE: 01895090 | 626-230-4759, Douglas Elliman


    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/!


  • Fri, 03 Feb 2023 14:13:00 +0000: $7,599,000 :: 887 La Loma Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 7 baths
    Home size: 7,842 sq ft
    Lot Size: 70,393 sq ft
    Added: 09/27/22, Last Updated: 02/03/23
    Property Type: Single Family
    MLS Number: P1-11436
    Community: Pasadena (SW)
    Tract: Not Applicable
    The price of this listing was last reduced on 2/3/2023 by 5%
    Status: Active


    Taking full advantage of the 1.616 acre site, this exceptional Contemporary residence designed in 1995 by architect Barry Berkus has perhaps the best view of the Arroyo, Colorado Street Bridge & Vista Del Arroyo Hotel of any in Pasadena. The property has estate presence w/ a gate & drive; it is not visible from the street. The 3-story residence entered on the 2nd level has 4 bedrooms & 7 baths. The floor plan is a central hall layout opening from a dramatic bridge leading to an impressive double door entry & pavilion. Immediately to the right is a guest powder bath & handsome library w/ fireplace & built ins. A generous bar w/ double sink, granite counters & refrigerator/ice maker is adjacent. The spectacular living room has soaring 20 foot plus ceilings, a large fireplace, 2 window bays & sliding doors to the outdoor terrace. A gracious step-up formal dining area also has views & outdoor terrace access. There are staircases to the upper & lower levels as well as an elevator. There is a bedroom suite on this level. The spectacular kitchen beyond is entered through a commodious dish pantry; a food pantry is adjacent. Bright & open, the kitchen has 2 work islands; both have granite counters as do the main workspaces. There is a 6 burner plus griddle range, a convection oven & several warming drawers. The family room is open to the kitchen w/ fireplace & windows overlooking the Arroyo. There is an outdoor kitchen under a covered terrace. The principal suite is composed of a large bedroom w/ floor to ceiling Arroyo view window bay & skylights, two closets & dressing areas & a primary bath w/ spa tub, generous shower & 2 separate commodes. There are 2 additional bedroom suites on this level. Downstairs there is a wine tasting room w/ adjacent 1/2 bath & a temperature-controlled wine shop size cellar w/ 10,000 bottle capacity. The nearby media room has tiered seating for 12 in luxurious reclining lounge chairs. 2 separate double garages, a motor court, storage rooms & a pump room complete this lower level. A 2 bedroom, 2 bath guest house w/ sitting room & its own terrace is across from the residence. The lush landscaping by landscape architect Walter Young is enhanced by water features that include a pool w/ natural appearing sand bottom, a spa, streams & koi ponds all producing a relaxing background rushing water sound. 887 La Loma Road enjoys a delightfully quiet & private location.

    Listed with Catherine Cheney CalDRE: 01173415 | (626) 233-2938, 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/!


  • Fri, 03 Feb 2023 12:54:00 +0000: $1,200,000 :: 1200 S Orange Grove Boulevard #14, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,064 sq ft
    Lot Size: 50,295 sq ft
    Added: 02/02/23, Last Updated: 02/03/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-12539
    Community: Pasadena (SW)
    Status: Active


    This single-level condo in sunny Pasadena is sure to exceed all of your expectations- filled with style, light, and plenty of room to breathe. With 3 generous bedrooms and three remodeled baths in over 2000 sq ft of living space, this abode provides enough space for your special gatherings or moments of relaxation. You can cook up something delicious in the chef's kitchen, gather with friends and family around the living room fireplace, or step out onto the patio to enjoy the treetop view. Venture out to charming South Pasadena, old Town Pasadena or downtown LA, all just minutes away. Retreat to the primary suite at the end of the day and enjoy the luxurious bathroom with its Carrara marble shower. The third bedroom features a built-in home office. Large windows on three sides of the unit bring in abundant natural light and overlook lush green scenery. Plantation shutters, wide molding and baseboards throughout add character and sophistication. There are two side-by-side covered parking spaces, a private storage unit, and abundant guest parking in the gated lot. Take your pup for a walk along the tree-lined sidewalks and get to know your neighbors. Experience why this great neighborhood is the perfect place to call home.

    Listed with Sharon Verani CalDRE: 01855187 | (626) 482-4914, 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/!


  • Fri, 03 Feb 2023 11:55:00 +0000: $2,298,000 :: 553 S Michillinda Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 6 baths
    Home size: 4,059 sq ft
    Lot Size: 16,980 sq ft
    Added: 10/19/22, Last Updated: 02/03/23
    Property Type: Single Family
    MLS Number: WS22225227
    Community: Pasadena (SE)
    The price of this listing was last reduced on 11/29/2022 by 4%
    Status: Conditional


    A Rare Opportunity To Own Your Dream Home In City Of Pasadena. This 5 Bedrooms And 6 Baths Home Has One Of The Most Desirable Floor Plans. Entering the Wooden Door, You Will Discover A Spiral Wood Stair And A Grand/Magnificent Chandelier With High Ceiling. The Main Level Allows Seamless Flow From The Family And Living Rooms To The Kitchen And Out To An Expansive Outdoor Living Space With Special BBQ Area , Emerald Lawns And Rose Garden.The Elegant Formal Dining Room Is Well-Positioned In The Middle Of The House. The Gourmet Chef’s Kitchen Features Professional-Grade Appliances And A Large Center Island With Dining Nook, Prep Area And Walk-In Pantry. One Suite Downstair With An Office/Library, And Four Suites Are Upstairs. Master Suites Include A Gorgeous Jacuzzi Bath Tub, Two Large Custom Walk-in Closets. This Home With The Convenience Of Shopping And Dining ,And Come To Make This Is Your Dream Home!!!

    Listed with JASON WEI CalDRE: 01968787 | 6266787009, RE/MAX PREMIER/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/free-home-search/!


  • Fri, 03 Feb 2023 11:41:00 +0000: $1,230,000 :: 4 Lida Lane, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 1,002 sq ft
    Lot Size: 13,339 sq ft
    Added: 01/06/23, Last Updated: 02/03/23
    Property Type: Single Family
    MLS Number: P1-12302
    Community: Pasadena (NW)
    Status: Active


    BACK ON MARKET, NO FAULT OF SELLER. Perched at the top of a private drive, 4 Lida Ln is surrounded by sweeping mountain and tree top views. This Mid-Century bungalow in coveted Linda Vista is a truly unique home nestled amongst multi-million dollar properties, enchanting forestry, and local wildlife. Large picture windows stream in floods of natural light across the sustainable bamboo floors and showcase views from all over the home. Cozy tiered patios and an outdoor shower offer spaces for entertaining and quiet respite. Beside the bedroom, a bonus room makes for a perfect home office, walk-in closet, or expansion. Included in the sale is an additional lot, APN#5705-004-021 which consists of 13,336 sf, for a total acquisition of 41,735 sf of lot- just under an acre. 4 Lida Ln is situated just above 3 Lida Ln which is also currently for sale. Purchasing both properties offers the chance to create a dream compound out of two architecturally significant homes on neighboring lots that, when combined, total well over an acre in Pasadena's prime Linda Vista.Backbeat Homes is proud to present an unprecedented opportunity: the chance to create a dream compound out of two architecturally significant homes on neighboring lots that, when combined, total well over an acre in prime Linda Vista. 3 Lida Ln, The Floyd Mueller Residence, was designed by the architect as his personal home with the utmost privacy in mind. The lush surrounding setting was intentionally utilized to form a symbiotic relationship with the home's clean Post and Beam lines. Walls of glass throughout offer views of the pool, foliage, mature oak trees, and clear sight lines from one end of the home to the other. 4 Lida Ln, which is perched above 3 Lida Ln along the same private drive, is an updated Mid-Century bungalow. The property is on a deceptively large hillside lot, and included in the sale is an additional hillside lot which will ensure even greater privacy in the future. While 4 Lida Ln is an excellent tree top home on its own, the one bedroom/one bath bungalow would make a superb guest house or creative space when coupled with 3 Lida Ln. below.

    Listed with Thomas Flanagan CalDRE: 01330299 | (626) 755-5050, Backbeat 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/free-home-search/!


  • Fri, 03 Feb 2023 10:15:00 +0000: $789,000 :: 1052 Seco Street #206, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,121 sq ft
    Lot Size: 113,182 sq ft
    Added: 01/23/23, Last Updated: 02/03/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-12434
    Community: Pasadena (NW)
    Status: Conditional


    This Townhome has been beautifully updated and is located in the serene and tranquil gated community of Arroyo Creek Complex has been updated with newer flooring, kitchen and bathrooms. The kitchen has Quartz countertops, stainless steel appliances and an open floor plan to the living room, dining room and balcony with tree top views. There are 2 primary bedrooms upstairs both with full bathrooms and high ceilings. The upgraded bathrooms have subway-tiled shower and bath, new vanity tops and flooring. The home has treetop views as there are two private balconies which give a picturesque view from the living room and master bedroom. The unit comes with all appliances as refrigerator, washer/dryer in the unit, stove, microwave and dishwasher. This home includes a 2 Car detached garage and central AC and heat. The complex is a lovely gated community complete with lush trees, waterfalls, stream and a community pool and spa. This amazing location is near the Rosebowl Stadium, Brookside Golf Course, Old Town Pasadena, museums, restaurants and shopping.

    Listed with Josette Wolf CalDRE: 01787295 | (626) 264-0425, The Agency


    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/!


  • Fri, 03 Feb 2023 09:57:00 +0000: $2,939,000 :: 2070 Kinclair Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 5 baths
    Home size: 4,953 sq ft
    Lot Size: 26,197 sq ft
    Added: 02/01/23, Last Updated: 02/03/23
    Property Type: Single Family
    MLS Number: AR23017891
    Community: Pasadena (NE)
    Status: Active


    Location! Location! Location! This absolutely stunning home is situated in the world-famous city of Pasadena, only a couple minutes' drive from the Pasadena business center to many famous chain stores in the US, such as Best Buy and City Party. Banks, restaurants, supermarkets as well as the famous private school Polytechnic School K-12, Pasadena City College, and Caltech are also within a few minutes' drive. It sets atop a hill in the private area and exclusive gated community of Kinneloa Canyon Estates,This stunning home also owns partially ownership of the Lighted standard tennis court. The living area of the mansion is 4,953 square feet with 5 bedrooms and 5 bathrooms, built on an area of 26,199 square feet. A huge first-floor master bedroom offers 2 walk-in closets, a private office space (which could be used as a baby room), and a master bath with a spa tub. A spacious kitchen with granite counter tops, and a formal dining room overlook the swimming pool with a beautiful view. On the second floor, there is a large, warm family room with a fireplace and a spacious balcony, which overlooks the magnificent view of thousands of lights in Los Angeles! There is also an oversized 3-car garage and solar! ! HOA fee + Tennis court fee only around $110/month ! No matter for your self-occupation or investment, it is your best choice and possession!

    Listed with Henry Liu CalDRE: 01378289 | 626-446-8999, Coldwell Banker Dynasty Arc.


    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/!


Related Posts with Thumbnails

Other Local Properties