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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, 01 Nov 2014 01:20:00 +0000: $819,000 :: 2615 NEW YORK Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 1 part baths
    Home size: 2,169 sq ft
    Lot Size: 11,433 sq ft
    Added: 09/14/14, Last Updated: 11/01/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314031784
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    The price of this listing was last reduced on 10/29/2014 by 5%
    Status: Active


    *40K Price Reduction! Newly remodeled two story traditional residence boasts 4beds, 2.5 baths on an expansive lot with glorious San Gabriel Mountain views in the prime Eaton Canyon Park location. The spacious kitchen with custom cabinets, granite counters and stainless steel appliances leads to the breakfast area, private patio and is adjacent to your direct access 2-car garage for added convenience. The large sunken living room with wood burning fireplace and formal dining room receive abundant natural light and are perfect for entertaining. All three baths are beautifully appointed with decorative vanities, granite counters and designer tiles. Dual pane windows, upstairs master suite with walk-in closet, magnificent mountain views and balcony, wood floors throughout, crown moldings, updated electrical panel, new central air and huge gated front, back and side yards make this wonderful property a terrific place to call home.

    Listed with Noushine Rostamian (w/ Micah Lachtman), Coldwell Banker Residential Brokerage Company


    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!


  • Sat, 01 Nov 2014 01:19:00 +0000: $599,000 :: 1115 Cordova Street, Unit 403, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,420 sq ft
    Lot Size: 70,090 sq ft
    Added: 09/26/14, Last Updated: 11/01/14
    Property Type: Residential, Sale / Condominium
    MLS Number: 314031946
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Completely remodeled Caltech area penthouse with panoramic mountain/city views from every room boasts walls of glass and an open floor plan unlike anything you've seen in Pasadena. With only 2 residences on the entire floor, this dramatic single-level home is ideal for those who desire privacy, natural light and the convenience of South Lake, Playhouse District and Caltech. Formal entry leads to the dining and living room with fireplace that has floor to ceiling glass doors that open onto the 200 sq.ft. balcony with dramatic mountain views. Eat-in kitchen boasts Caesar Stone counters, custom solid wood cabinetry, gas range, views and a second service entrance. Both bathrooms have hand crafted solid wood vanities with Caesar Stone counters, decorative tile and a frameless double shower in the master. 2 balconies, 2 side-by-side parking and storage spaces, 7 closets, controlled access, pool and wood floors throughout make this an unparalleled opportunity.

    Listed with Micah Lachtman, Coldwell Banker Residential Brokerage Company


    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!


  • Sat, 01 Nov 2014 00:01:00 +0000: $589,500 :: 106 S SIERRA MADRE, Unit 7G, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,351 sq ft
    Lot Size: 0 sq ft
    Added: 10/24/14, Last Updated: 11/01/14
    Property Type: Residential, Sale / Townhouse
    MLS Number: 14804965
    Community: Pasadena Se
    Status: Active


    This "Dwell on Design" award winning designer appointed 3 bed + 2.50 bath townhome is just waiting for your buyers to come and take a look !! The beautifully updated and upgraded unit offers slate, laminate, and carpeted flooring. A very large open kitchen with Bosh dishwasher, granite counters, and custom cabinets. Adjacent to the kitchen is a large dining room, bar area, and patio. On the very lower level is a the private 2 car garage with direct entry into the unit and also containing the laundry area and an extra large storage room for all your toys. The top level has a very large master bed with an updated full bath, 2 additional bedrooms, and another updated bathroom. All of this in small 16 unit complex located a very short distance from Pasadena's Colorado Blvd. Please note: Seller may elect to sell this property through a 1031 exchange.

    Listed with Henri O'Bryant, Foster Douglas


    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!


  • Fri, 31 Oct 2014 22:12:00 +0000: $817,900 :: 88 Arlington Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,456 sq ft
    Lot Size: 8,203 sq ft
    Added: 10/01/14, Last Updated: 10/31/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314032099
    Community: Pasadena Sw
    Tract: Not Applicable-647 (NA647)
    The price of this listing was last reduced on 10/31/2014 by 3%
    Status: Active


    Fannie Mae HomePath. Absolutely Gorgeous Southwest Pasadena Home! This Home Is in an Excellent Neighborhood! Large Living Room with Fireplace. Marble kitchen counter tops, The Light and bright spacious master bedroom also have walk-in closet and a luxurious master bath, dual vanity sink, the bathtub is surrounded with a beautiful granite plus an spacious shower. Gleaming hardwood floors throughout, freshly painted inside out, new gas range, new permitted roof, multiple French doors, family room and detached 2 car garage. All this in 1,456 Sq. Ft. with lot size of 8,198 Sq. Ft. It is only Minutes away from Old Town Pasadena, Rose Bowl, Glendale and also has quick access to all major freeways. Don't miss this great opportunity

    Listed with Eduardo Andrade, Keller Williams


    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!


  • Fri, 31 Oct 2014 22:11:00 +0000: $607,900 :: 275 West Montana Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,526 sq ft
    Lot Size: 7,497 sq ft
    Added: 10/29/14, Last Updated: 10/31/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314032984
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    Fannie Mae HomePath. Absolutely Gorgeous Northwest Pasadena Home! This single-story home features four bedrooms (one is open to the family room, it could be used as an office, or other space), one and three-quarter bathrooms, The family room is overlooking the back yard, it has a brick fireplace , Spacious kitchen with granite counter tops, with self closing drawers and brand new appliances Other upgrades include: beautiful bamboo flooring, dual-paned windows, all bedrooms with ceiling fans, brand new A/C and heating units, French doors, freshly painted inside/out, new roof. The laundry is conveniently located on the service porch off the kitchen. A long driveway with a detached two car garage with new garage door opener. A good-sized yard with sprinklers and a brick barbecue pit awaiting your attention. It is only minutes away from Old Town Pasadena, Rose Bowl, Glendale and also has quick access to major freeways. Don't miss this great opportunity.

    Listed with Eduardo Andrade, Keller Williams


    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!


  • Fri, 31 Oct 2014 19:08:00 +0000: $625,000 :: 711 North El Molino Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,585 sq ft
    Lot Size: 7,446 sq ft
    Added: 10/31/14, Last Updated: 10/31/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314032966
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    This Craftsman home has been beautifully restored & maintained.Refinished hardwood floors glisten & compliment the freshly re-stained woodwork & Pella windows.The living room features a window seat along w/ several large,double pane,windows which allow sunlight to fill the home.Attached to the living room is the dining room w/ a beautifully updated light fixture that compliments the room & style of the home.The pass through bar area is stunning & leads into the updated kitchen,featuring Thomasville cabinets,Restoration Hardware light fixtures,stainless steel appliances & a farm apron style sink.Off the kitchen is a bonus room,perfect to use as a laundry room,storage space or office area w/ an attached bath featuring marble floors & a resurfaced claw tub.Downstairs is the master bedroom.Upstairs is a bedroom w/ vaulted ceilings & a spacious bedroom w/ two closets & a full bath next door.The additional space in back contains a carpeted room perfect for guests,a bathroom & workshop area.

    Listed with Jason Berns (w/ Laura Berns), 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!


  • Fri, 31 Oct 2014 19:06:00 +0000: $2,249,000 :: 6 Richland Place, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    5 beds, 4 full, 1 part baths
    Home size: 3,445 sq ft
    Lot Size: 16,080 sq ft
    Added: 08/22/14, Last Updated: 10/31/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314030838
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    The Post House is located in the historically designated Wotkyns/Richland Landmark District on the lip of the Arroyo overlooking The Rose Bowl. This 5 bd, 5 ba is situated. Charm exudes in the living & dining room through the wood beamed ceiling,the brick fireplace w/ custom mantle,the stained glass window & the multi-paned windows & doors. The open kitchen was tastefully remodeled & features a large center island/bar area,custom cabinets, stainless steel appliances,granite countertops,recessed lighting,new windows & a skylight.There are 3 bd downstairs of which 2 are suites. The larger suite is used as an office featuring shelving,a fireplace w/ bench seats & French doors on either side leading to a private patio on 1 side & the back yard on the other. There are 2 bd upstairs, 1 of which is a spectacular master suite. At the top of the stairs is a nook with bench seats ideal for reading. A focal point of property is the expansive back yard & mature landscaping overlooking Rose Bowl.

    Listed with Jason Berns (w/ Laura Berns), 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!


  • Fri, 31 Oct 2014 16:54:00 +0000: $359,900 :: 592 North Mar Vista Avenue, Unit 2, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 910 sq ft
    Lot Size: 8,214 sq ft
    Added: 10/20/14, Last Updated: 10/31/14
    Property Type: Residential , Condominium
    MLS Number: WS14224695
    Community: Pasadena (SE)
    Status: Active


    New paint charming townhouse style condo unit in a private, gated six unit, well maintained complex. 2 Bedrooms and one full bath upstairs, half bath downstairs. Both bedrooms with balcony. Side by side laundry hookups downstairs. Fireplace in living/dining room. Light filled and open feeling. Double, private garage beneath unit is accessible through garden area. 13 mins walk to Metro Link station and 25 mins to the PCC city college.

    Listed with Louisa Wu, EASTAR 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!


  • Fri, 31 Oct 2014 16:29:00 +0000: $525,000 :: 291 North Garfield Avenue, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 792 sq ft
    Lot Size: 1,980 sq ft
    Added: 10/28/14, Last Updated: 10/31/14
    Property Type: Residential , Single Family Residence
    MLS Number: AR14230477
    Community: Pasadena (SW)
    Status: Active


    This is the most adorable little bungalow home you will ever see. No need for a car when you live here. Just a stone's throw to Pasadena Old Town with shops and restaurants; it's around the corner from Pasadena Central Library, City Hall as well as the Gold Line. The home is beautifully updated throughout. Hardwood floors, granite counter tops, stainless steel appliances, central air and heat, tank-less water-heater, built-in stackable washer/dryer. High ceilings in living room creates a spacious feeling - the loft-like design makes it both decorative and great for extra storage. Front door entrance faces private walk-way and there is a nice grassy area on one side of the house. On the other side you have French doors leading from one bedroom to a private, wood-deck patio, perfect for BBQ-get-togethers. The home is on the list of Registered Historic Places in Pasadena. Walker's and Biker's Paradise with scores of 88 and 95.

    Listed with Connie Hanson, Coldwell Banker 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!


  • Fri, 31 Oct 2014 16:27:00 +0000: $848,000 :: 3510 Mountain View Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,790 sq ft
    Lot Size: 7,119 sq ft
    Added: 10/22/14, Last Updated: 10/31/14
    Property Type: Residential , Single Family Residence
    MLS Number: AR14226324
    Community: Pasadena (SE)
    Status: Active


    This lovely one level home in Chapman Woods awaits your decorative touch. 3-bedroom, 2-bathroom home with 1,790 square feet sits on a lot of 7,119 square feet. It has a good-sized living room and dining area as well as separate space for homework, activities or entertainment center. The kitchen is large enough to include space for breakfast seating and has access to a separate laundry area. Sliding French doors lead out back. The master bedroom is spacious and includes two closets. There is plenty of built-in shelving along with plenty of storage space. Recent paint and touch-ups make the home livable while you make it your own. The backyard is on two levels, perfect for landscape flourishes or the herb garden you’ve always wanted. Views of San Gabriels along with a 2-car detached garage.

    Listed with Susan Stone, Coldwell Banker 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!


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