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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, 02 Aug 2015 23:37:00 +0000: $2,450,000 :: 754 Vallombrosa Dr, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 1 part baths
    Home size: 3,454 sq ft
    Lot Size: 25,081 sq ft
    Added: 08/01/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: AR15169215
    Community: Pasadena (SE)
    Status: Active


    Located in Pasadena Chapman Woods area.Your crescent paving stone driveway delivers you to elegant formal entry with professionally landscaped garden and water feature. This open and spacious home has architectural statements such as dual-pained casement windows & doors, mixed material flooring, and robust walls. The seating in living room w/vaulted ceiling is focused on a massive fireplace made of stone designed to feel as if it's part of the landscape. Kitchen opens to FDR and has granite counters and stainless appliances. All house is new wood flooring. Interior and exterior are all new painting. Individual laundry and half bath are easily accessed. Master bedroom & bath have a tranquil setting and open to sauna, spa, out-door shower with pebble flooring. Step down bonus recreational room with window seating and plenty of space for exercise or casual enjoyment and could be repurposed as an additional bedroom. This is a modern style home with clean lines and a wonderful indoor - outdoor feeling and all the warmth of hearth and home. amed Architect Ryuki Tsuguki added his flourishes to this modern styled home.

    Listed with Wei Liu, Long Dragon Realty 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, 02 Aug 2015 22:50:00 +0000: $3,580,000 :: 1000 Arden Road, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    4 beds, 4 full baths
    Home size: 4,306 sq ft
    Lot Size: 30,974 sq ft
    Added: 07/24/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: TR15162283
    Community: Pasadena (SW)
    Status: Active


    Welcome to an extraordinary customized home with modern architectural designs, nestled in one of the most desirable areas of Pasadena. Completely remodeled and expanded in 2011, this beautiful home exudes a soft contemporary vibe throughout. Relax in the stylish zen garden with fire pit, or simply unwind in the side patio outside the office overlooking your expansive and peaceful private yard. The chef of the family will find the elegant and dazzling kitchen a perfect retreat! An abundance of fine-quality features provide you with luxury living, including custom cabinets, Viking kitchen appliances, large walk-in pantry, 3-car garage with extra storage space, recessed lights, security cameras with alarm system, steam room with pebble rock flooring, heated tile flooring, Bainultra spa tub, large laundry room, and so much more. The family room features a Viking wine fridge, wine bar with sink, ceiling fans, and recessed lighting. Beautiful double-side pocket doors provide extra privacy to the office, which has its own bathroom. The custom walnut wood fire mantel completes this residence with a perfect finishing touch. It is truly a one of a kind... and exceeds your expectations!

    Listed with Andy Huang, March 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, 02 Aug 2015 18:52:00 +0000: $788,000 :: 605 Avocado Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 1,453 sq ft
    Lot Size: 7,931 sq ft
    Added: 07/09/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: 15921869
    Community: Pasadena (NE)
    Status: Active


    Three bedrooms & Office/Nursery. Your Hastings Ranch dream home is available down to the picket fence! Enjoy the sunny enclosed porch used as a family room. Formal living room w/ gorgeous fireplace & wood floors. Windowed dining room w/ lots of light. Updated kitchen w/designer appliances & Caesarstone quartz countertops. Master suite w/ walk-in closet & ensuite bath. Large grassy back yard w/ covered patio & metal gazebo. Near Hastings Ranch shops & restaurants. Close to Vina Vieja dog park & children's play park. Conveniently located near hiking trails in Eaton Canyon & the Eaton Canyon Golf Course. Views of the San Gabriel Mountains. Close to Pasadena Farmer's Market. 10 min. to Goldline & 5 min. to Library. Improvements include: Sewerline (2012); Rebuilt chimney (2008); Retrofitted foundation (2008); New water heater (2015); Updated electrical panel. Square footage is listed as 1453 sqft in public record & there is also a 256 sqft permitted enclosed patio=1709 ($461 per sq f

    Listed with Holly Purcell, Berkshire Hathaway HomeService


    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, 02 Aug 2015 18:12:00 +0000: $415,000 :: 547 Macdonald Street, Pasadena CA, 91103 - Pasadena Home Search
    2 beds, 1 full bath
    Home size: 988 sq ft
    Lot Size: 5,806 sq ft
    Added: 08/02/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315007836
    Community: Pasadena (NW)
    Tract: Na645 (NA645)
    Status: Active


    Cute starter home. Ready for upgrades. Good sized lot. Great neighborhood, walking distance to the Rose Bowl.

    Listed with Arthur Greenup, Greenup Realty 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, 02 Aug 2015 17:42:00 +0000: $499,000 :: 266 North Mar Vista Avenue, Unit 3, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 1,111 sq ft
    Lot Size: 49,281 sq ft
    Added: 08/02/15, Last Updated: 08/02/15
    Property Type: Residential , Townhouse
    MLS Number: 15928561
    Community: Pasadena (SE)
    Status: Active


    Fantastic, 2bd/2.5ba townhome in great Pasadena location. Upgrades throughout, this unit features direct access private garage, open living room/dining room and a dual master upstairs. Remodeled bathrooms, crown molding throughout and beautiful hardwood floors on the lower level. Don't miss the opportunity to make this great townhome yours.

    Listed with Jonathan Butler, Teles Properties, 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, 02 Aug 2015 16:59:00 +0000: $1,295,000 :: 1430 Arroyo View Drive, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 2,458 sq ft
    Lot Size: 15,999 sq ft
    Added: 08/02/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315007795
    Community: Pasadena (NW)
    Tract: Na645 (NA645)
    Status: Active


    Sited on one of Linda Vista's prime cul-de-sacs with a country lane feel, this retro cool mid-century home provides a retreat with tree top & mountain views. A hidden surprise awaits you as you enter the courtyard and front door, fusing modern elements with ranch style architecture, you will appreciate the open floor plan with vaulted wood ceilings, floor to ceiling fireplaces, banks of windows, wood paneling, & abundant built-ins. The main level features grand living & family rooms each with fireplace, large galley kitchen with abundant storage, & a private master suite with dressing room, study, balcony, and full bath. The lower level is comprised of Jack and Jill bedrooms, 3/4 bath, storage room & laundry room. The almost 16,000 sqft lot has beautiful trees, expansive lawn area, multiple patios, architectural pool, front privacy fence & a large detached garage with storage room. A perfect home for those looking for space, serenity, & privacy!

    Listed with Brett Furrey (w/ Esther Furrey), 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/!


  • Sun, 02 Aug 2015 13:57:00 +0000: $450,000 :: 943 North Hudson Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,812 sq ft
    Lot Size: 9,095 sq ft
    Added: 07/23/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: 15925923
    Community: Pasadena (NE)
    Status: Conditional


    Fixer-upper in need of much TLC. 4 bedrooms/ 2 baths. An inviting front porch area overlooks your front lawn/ garden.

    Listed with Charles Malki, Berkshire Hathaway HomeService


    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, 02 Aug 2015 13:57:00 +0000: $1,395,000 :: 612 South Mentor Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    5 beds, 1 full, 1 part baths
    Home size: 2,599 sq ft
    Lot Size: 7,592 sq ft
    Added: 04/14/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315003645
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    The price of this listing was last reduced on 7/15/2015 by 6%
    Status: Active


    Located in Pasadena's premier Tournament Fields Historic District, this restored Colonial Bungalow home is an architectural treasure. Designed in 1912 by renowned architect Sylvanus Marston and restored by the current owner, the home sits on a Golden Arrow Award landscaped lot and is situated in a coveted neighborhood adjoining the South Lake Avenue Business District. The gourmet eat-in kitchen, designed by Dewitt Kitchens, earned an Honorable Mention Award in 2008 by the National Kitchen & Bath Association. There are 4 bedrooms , a sun room, a custom walnut library, two period-style remodeled baths, spacious formal dining room, formal living with wood burning fireplace, gleaming oak hardwood floors, original molding, and a 2nd floor lounge. Additional features include: Copper plumbing & Eco water softener, upstairs laundry, new wood windows, new roof, new gutters, updated 200amp & electrical, 2 car tandem garage, Koi pond, and period Douglas Fir doors & cabinets.

    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/!


  • Sun, 02 Aug 2015 11:58:00 +0000: $534,500 :: 121 South Wilson Avenue, Unit 203, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,249 sq ft
    Lot Size: 19,775 sq ft
    Added: 06/17/15, Last Updated: 08/02/15
    Property Type: Residential , Condominium
    MLS Number: 315005895
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    Status: Active


    Conveniently located one block from Cal Tech and the South Lake Business District, this single-level condominium is located on the 2nd floor and offers elevator access. This spacious unit features a large living room with dining area, fireplace and French doors that open to a large private balcony. The kitchen offers a cozy breakfast nook, is open to the living room and has access to the balcony. The master suite offers two closets (one is a large walk-in closet) and has a bath with a vanity area. The second bedroom is easily used as a master bedroom as it is adjacent to a full bath. The laundry area is inside the unit and can accommodate a full-sized, side-by-side washer and dryer. The complex offers a gated subterranean parking garage with two-car, side-by-side assigned parking spaces. The HOA fee includes water, trash and earthquake insurance for the building. Don't wait to see this as it won't last! Seller requires Seright Escrow and Chicago Title.

    Listed with Reni Rose, Berkshire Hathaway HomeService


    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, 02 Aug 2015 11:52:00 +0000: $1,248,800 :: 594 East Elizabeth Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    6 beds, 6 full, 1 part baths
    Home size: 2,957 sq ft
    Lot Size: 10,499 sq ft
    Added: 05/26/15, Last Updated: 08/02/15
    Property Type: Residential , Single Family Residence
    MLS Number: TR15112128
    Community: Pasadena (NW)
    The price of this listing was last reduced on 7/6/2015 by 4%
    Status: Active


    The newly remodeled 2-story home is located in the beautiful northwest Pasadena. Situated on a quiet, tree-lined street with easy access to the I-210 freeway between Los Robles and Lake for shopping and dining. This 6 bedroom, 6 1/2 bathroom home is professionally designed and renovated from top to bottom; the kitchen has an open plan with new cabinets, Thermador stainless steel appliances. The master suite have his and her closet, amazing hotel like bathroom and patio.

    Listed with Cong Du (w/ Justin Du), Anchorstone 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/!


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