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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:

  • Fri, 24 Feb 2017 21:24:00 +0000: $889,000 :: 404 S San Gabriel Boulevard, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,600 sq ft
    Lot Size: 8,557 sq ft
    Added: 02/24/17, Last Updated: 02/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: TR17038727
    Community: Pasadena (SE)
    Status: Active


    Beautiful Southeast Pasadena Estate. Charming single family residence situated in gorgeous neighborhood that gives tons of natural light!! Plenty of potential to add over 1000+square feet for large family. This home lays out well, 3 bedrooms are in the south side. Family room, Dining room and kitchen are in the north side. Remodeled new kitchen( New cabinets and appliances) Come visit your future home. *Note: Owner converted formal dining room into a study. It can be easily converted back to give more lights to the house.

    Listed with Linzi Liu, Globridge 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, 24 Feb 2017 20:52:00 +0000: $599,900 :: 919 N Summit Avenue N, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,064 sq ft
    Lot Size: 7,507 sq ft
    Added: 01/13/17, Last Updated: 02/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: CV17007240
    Community: Pasadena (NW)
    Status: Active


    This home features two bedroom one bath home located on corner lot, with 1064 square feet of living space and 7507 square feet lot. two car detached garage, year built 1914. This traditional home features hardwood floors and tile floors in kitchen and laundry area. Needs updateding buyer can remodeled to their own taste it has high ceilings, hardwood floors, and tile floors in living room and kitchen, additional bathroom was added (w/o permit). Large back yard cement slab and fruit trees. Also includes a basement. This home is located close to Orange Grove and Raymond Ave minutes from shopping centers, restaurants, and close to Rose Bowl . Make this home your own.

    Listed with MINA RUIZ, REALTY MASTERS & ASSOCIATES


    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, 24 Feb 2017 18:52:00 +0000: $3,580,000 :: 3675 Locksley Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 6 full baths
    Home size: 4,821 sq ft
    Lot Size: 25,384 sq ft
    Added: 10/24/16, Last Updated: 02/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: AR16732380
    Community: Pasadena (SE)
    Status: Active


    Nestled in one of Pasadena's most coveted neighborhoods of Chapman Woods is this gorgeous single story home features over 4800 square feet of livable space on over 25,000 square foot flat lot with 6 Bedrooms suites and 6 private bathrooms for each bedroom. This extremely well maintained home has been extensively remodeled inside out with beautiful wood flooring, decorative paint colors and brand new windows and recessed lighting throughout. The remodeled Kitchen exudes comfort with all stainless steel appliances and is adjacent to the family room that over looks the park-like backyard. Formal Living Room feature vaulted ceilings and very spacious for large gatherings and also is adjacent to the beautiful backyard, Master Bedroom is beautiful with a full sitting area that can be a second office and large walk-in closet. The backyard has been masterfully and beautifully landscaped for large parties with a large sparkling pool and spa with electronic pool cover, 2 different fire pit areas, wood benches. Plenty of parking in the 3 car garage and the circular driveway. Enjoy this beautiful indoor/outdoor entertaining home in one of Pasadena's exquisite neighborhoods with all this area has to offer.

    Listed with Ash Rizk, 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/free-home-search/!


  • Fri, 24 Feb 2017 18:44:00 +0000: $1,348,888 :: 155 Cordova Street , Unit 203, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 2,081 sq ft
    Lot Size: 16,346 sq ft
    Added: 02/24/17, Last Updated: 02/24/17
    Property Type: Residential, Condominium
    MLS Number: PW17031638
    Community: Pasadena (SW)
    Status: Active


    Welcome Home to Terra Bella. Your new energy efficient, state of the art home will amaze! 28 exclusive luxury properties comprise your new community within walking distance to everything. Designed to provide the privacy of a single family home, built with unparalleled cutting edge security, and engineered for quiet, peaceful, serenity. The private elevator will transport you to yours and only one other residence. The light, bright, open floorplan is perfect for entertaining or quiet evenings at home. The quality of your new retreat is unsurpassed with hardwood flooring, high ceilings, CAT5e speed internet, tankless water heater, 2 custom fireplaces, amazing custom cabinets, created by a master cabinet maker & more. The gourmet chef of the family will enjoy creating gastronomical delights with the Viking Professional appliances. Wait until you see the stunning countertops in the kitchen and baths, and custom solid core doors throughout. The quality does not stop at your front door, but is carried to the rooftop. Rooftop amenities include incredible views, solar heated pool, spa, private cabanas with BBQ’s, lounging & entertainment areas, fire pit, fireplaces, and a glass fitness center. Work from home? The luxurious conference/business center is the perfect meeting place. 1 block to Pasadena Convention Center, Paseo Colorado and 2 blocks from Old Pasadena’s shopping/nightlife. Theater, symphony, and fine dining are all walking distance from your quiet, private/serene paradise.

    Listed with Nancy DuShane-Bank, ReMax Realty Centre


    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, 24 Feb 2017 18:04:00 +0000: $2,300,000 :: 404 Mooresque Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 2,192 sq ft
    Lot Size: 35,925 sq ft
    Added: 02/15/17, Last Updated: 02/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 317001349
    Community: Pasadena (NW)
    Tract: Not Applicable-645
    Status: Active


    Perched on an expansive lot with privacy and seclusion, this stunning mid century post and beam home built in 1952 by notable local architect Richard E. Nevara A.I.A., resonates the intelligence and design found in this style of architecture. The subtle transitions from exterior to the interior through the expansive glass dance in unison with the exposed beams, warm wood, and natural stone. Combining the originality of the home are numerous custom features including a high tech alarm system with security cameras. The kitchen has commercial grade appliances, the bathrooms have been remodeled yet feel as part of the design inception. The owner spared no expense either on the professionally landscaped grounds with creating a terraced side yard and selecting the right plants and ground cover to accentuate the house and surroundings. The breathtaking infinity pool blends effortlessly into the horizon and cascades gently down the canyon from the eyes view. This home will with any doubt leave an indelible impression on you after you have viewed it firsthand.

    Listed with Jordan Nedeff (w/ John Matthes), 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/!


  • Fri, 24 Feb 2017 17:48:00 +0000: $849,000 :: 2415 Queensberry Road, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,739 sq ft
    Lot Size: 0 sq ft
    Added: 01/24/17, Last Updated: 02/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 317000588
    Community: Pasadena (NE)
    Tract: Not Applicable-646
    The price of this listing was last reduced on 2/10/2017 by 3%
    Status: Active


    ***Back on the market - no fault of property- buyers changed their minds***Stunning Brigden Ranch traditional offering 3 bedrooms and 2 full baths with Master Suite. Enter living area with gas and wood burning fireplace, open to dining room with lots of natural light. Open floorplan with family room accessing the kitchen and the backyard. Large updated, eat-in kitchen with laundry closet and stainless steel appliances. Features include central air and heat, laminate and ceramic floors and security system. The large backyard with patio is perfect for entertaining and for children. 2-car detached garage with an extra storage area. Situated on a tree-lined street in desireable North East Pasadena. Close proximity to Victory Park, restaurants, Eaton Canyon Nature Center Hastings Village. Easy access to the 210 freeway. Move-in ready and a MUST SEE!! Sq ft is as per assessor.

    Listed with Sylva Khayalian, Redfin Corporation


    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, 24 Feb 2017 16:44:00 +0000: $1,175,000 :: 362 S Orange Grove Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,288 sq ft
    Lot Size: 60,638 sq ft
    Added: 02/23/17, Last Updated: 02/24/17
    Property Type: Residential, Townhouse
    MLS Number: 317001277
    Community: Pasadena (SW)
    Tract: Not Applicable-647
    Status: Active


    Located on prestigious South Orange Grove known as Millionaire's Row'' this elegant townhome is located in the desirable Chateau de Ville complex. This sophisticated home is located across from the historic Tournament of Roses House (Wrigley Mansion) and is on the Rose Parade Route! Conveniently located to downtown LA, Old Town Pasadena and the 110, 210, 134 Freeways. The French County design is inviting and exudes elegance. The entrance of this home faces Waverly Drive - an exquisite street lined with multi-million dollar homes and is perfect for guest parking. The spacious living room features a vaulted ceiling, corner fireplace and glass doors that open to the private and quaint patio. There is a large formal dining room, wet bar, an updated kitchen with a breakfast bar and a cozy breakfast area. Upstairs there are two large bedrooms and a laundry room. The master suite features a tranquil view of mature trees, a second fireplace, a huge walk-in closet as well as additional closet space and a master bath. There is an attached 2-car with a large separate storage room. The complex features a pool, spa and manicured grounds.

    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/!


  • Fri, 24 Feb 2017 16:44:00 +0000: $1,788,000 :: 450 PEMBROOK Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 4 full baths
    Home size: 3,107 sq ft
    Lot Size: 0 sq ft
    Added: 02/23/17, Last Updated: 02/24/17
    Property Type: Residential, Single Family Residence
    MLS Number: 17204708
    Community: Pasadena (NE)
    Status: Active


    Exacting features frame this alluring Ranch. A painstaking renovation, taken down to the studs and rebuilt new with immaculate detail. Capturing the sought after aesthetic of a Better Homes and Garden California layout out and details, this is the one that does cross over a variety of checklists for many discerning buyers. Brilliant open living in common areas, which is sighted immediately from entering the home. Perfect seamless flow from interior to outdoor life. Upgraded with designer materials and system enhancements, this 3bd/ 3ba classic is quiet elegance suited for many different family ideals. Both western facing bedrooms have and views and outdoor access to the spacious yard. Back pool area has a detached structure which can be utilized for artist/work studio or even a twist on a Great Room. Immediately flanked by dramatic mountains, this is serenity with close access to the hub of shopping and eateries of Foothill. The definition of gracious living.

    Listed with Michelle St. Clair (w/ Joseph Kiralla), Sotheby's International 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, 24 Feb 2017 16:20:00 +0000: $1,130,000 :: 288 S Oakland , Unit 212, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 2 part baths
    Home size: 1,403 sq ft
    Lot Size: 0 sq ft
    Added: 09/26/16, Last Updated: 02/24/17
    Property Type: Residential, Condominium
    MLS Number: AR16711764
    Community: Pasadena (SW)
    The price of this listing was last increased on 12/28/2016 by 7%
    Status: Active


    Chelsea Court NEW HOME - Beautiful 28 unit condo with mid-century classical design offering a magnificent main garden, courtyard and elegant architecture. Each unit has two + parking spots and additional storage in the garage as well. It close to Shopping Centers(Downtown), City Hall, Museum, Library & Freeways. Chelsea Court has a mixture of Studio, One, Two, and Three bedrooms a flat roof top veranda and balconies at a great location between the Pasadena Playhouse District and the South Lake Shopping District. Each Unit Has 2 side by side parking space (Only unit 202 has 3 parking space) plus additional storage in garage area. Starts NOW!!

    Listed with Jenny Ma, 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/!


  • Fri, 24 Feb 2017 16:20:00 +0000: $1,150,000 :: 288 S Oakland , Unit 210, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 1,436 sq ft
    Lot Size: 0 sq ft
    Added: 09/14/16, Last Updated: 02/24/17
    Property Type: Residential, Condominium
    MLS Number: AR16702212
    Community: Pasadena (SW)
    The price of this listing was last increased on 12/28/2016 by 6%
    Status: Active


    Chelsea Court NEW HOME - Beautiful 28 unit condo with mid-century classical design offering a magnificent main garden, courtyard and elegant architecture. Each unit has two + parking spots and additional storage in the garage as well. It close to Shopping Centers(Downtown), City Hall, Museum, Library & Freeways. Chelsea Court has a mixture of Studio, One, Two, and Three bedrooms a flat roof top veranda and balconies at a great location between the Pasadena Playhouse District and the South Lake Shopping District. Each Unit Has 2 side by side parking space (Only unit 202 has 3 parking space) plus additional storage in garage area. Sale Starts NOW!!

    Listed with Jenny Ma, 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/!


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