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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 Oct 2022 14:30:00 +0000: $825,000 :: 1195 S Orange Grove Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,270 sq ft
    Lot Size: 36,499 sq ft
    Added: 09/01/22, Last Updated: 10/01/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 22195003
    Community: Pasadena (SW)
    The price of this listing was last reduced on 10/1/2022 by 1%
    Status: Active


    Price Reduced - 2nd Time! Get your offers in as Seller has found a house that he wants to buy & move-in to, so he is VERY Motivated! Call for offers by Monday 10/10/22 by 3 PM! Showings by appointment only w/ 24-hour notice preferably. Now is the time to make an appointment to see this lovely, single-level 2-bedroom 2-bathroom condo located in an excellent location tucked in between South Pasadena and Old Town! Only 12 Units in this complex that is extremely well-kept & conveniently located in the highly coveted South Orange Grove Blvd. Area. This condominium is a MUST SEE & Move-in ready featuring 2 spacious bedrooms, 2 tastefully updated bathrooms, tons of storage with 7 closets throughout the unit, a large front porch & a quaint private patio off the master bedroom to relax and enjoy the day! Other amenities include - a free onsite community laundry facility, 2 parking spaces (1 garage, 1 outside), extra storage, & being pleasantly nestled in a prime Pasadena area that boasts proximity so you can go take walks around the Rose Bowl, walk up to Colorado Blvd./Old Town Pasadena to see the New Year's Parade, grab a meal at tons of great restaurants or go shop at hip stores. It's also so close to the 110 Fwy. to get to DTLA/Little Tokyo/LA Live etc. or just hop on the Metro at the Del Mar Station close by, & adjacent to the trendy neighborhoods of Eagle Rock & Highland Park, & much more!

    Listed with Scott Furuta CalDRE: 01153679 | 818-433-0096, PCRE


    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, 01 Oct 2022 10:51:00 +0000: $720,000 :: 544 N Marengo Avenue #5, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,302 sq ft
    Lot Size: 1,442 sq ft
    Added: 09/29/22, Last Updated: 10/01/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: CV22211830
    Community: Pasadena (NE)
    Status: Active


    Beautiful Townhome located in the lush, landscaped park like grounds and beautifully maintained Villa Marengo gated community. Located next to a vibrant park with easy access. Community pool. This two bedroom, two bathroom unit offers a spacious living room and dining room, with an additional eating area situated off of the kitchen. Half bathroom downstairs and full bathroom upstairs. Generously sized primary bedroom offering a walk-in closet with a bonus closet for extra storage. Generously sized secondary bedrooms. In unit laundry. Two car garage offering ample storage with direct access into your private courtyard. Additional features include newer AC, Furnace, Water Heater, and plumbing.Close proximity to shopping, restaurants, 210/134 freeway, and Old Town Pasadena!

    Listed with Monae Moran CalDRE: 01898058 | 909-278-3662, Berkshire Hath Hm Svcs CA Prop


    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, 01 Oct 2022 05:12:00 +0000: $918,888 :: 2734 Morningside Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,320 sq ft
    Lot Size: 9,736 sq ft
    Added: 09/29/22, Last Updated: 10/01/22
    Property Type: Single Family
    MLS Number: GD22212604
    Community: Pasadena (SE)
    Status: Active


    Welcome to this bright, beautiful home in Southeast Pasadena, sited on a generous 9,735 square foot lot. This property offers endless opportunities on one of the largest lots in the area. Come up the walkway into the welcoming entryway, which opens up to the living room and spacious dining area adjacent to the kitchen. The home features original hardwood flooring in most areas and a fireplace in the living room as you walk in. The sliding doors in the dining area will take you to a beautiful, open backyard with a detached 400 square-foot garage and an extensive backyard. The backyard boasts enough space for any new additions or ADUs. The property is near many shopping centers in the Hastings Ranch area.

    Listed with Arman Davidagayan CalDRE: 02102485 | 818-572-1980, Strategic Estates 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/!


  • Sat, 01 Oct 2022 04:37:00 +0000: $799,000 :: 2450 E Del Mar Boulevard #21, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 1,558 sq ft
    Lot Size: 65,423 sq ft
    Added: 10/01/22, Last Updated: 10/01/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR22211922
    Community: Pasadena (SE)
    Status: Active


    Newly renovated 3-bedroom townhome in a desirable private gated community located in the highly sought-after area of Pasadena. The private front patio leads into a vaulted living room with a fireplace. The top floor showcases a large Master Suite with his and hers walk-in closet and 2 other bedrooms, a perfect office setup or guest room. Convenient Two car garage with direct access to the unit. Gorgeous community swimming pool with picnic area. In close proximity to retail shops, restaurants, Caltech, and Pasadena City College, and easy access to the 210 freeway.

    Listed with Wen Joanne Jen CalDRE: 01992081 | 626-589-9835, Hopeway Realty Group 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/!


  • Sat, 01 Oct 2022 03:41:00 +0000: $1,049,000 :: 315 W Montana Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 1,286 sq ft
    Lot Size: 7,554 sq ft
    Added: 07/19/22, Last Updated: 10/01/22
    Property Type: Single Family
    MLS Number: EV22156632
    Community: Not Defined
    Status: Active


    PASADENA POOL HOME!! This home is perfect for any potential homeowner or investor. First Time on the Market!!! This charming fixer upper offers so many possibilities. With a little over 1200 sqft, 2 bedrooms , 2 baths, this home offers a den that overlooks the pool. There is an opportunity to add an ADU back by the pool off of the garage!! Long driveway for your boat or RV. Property is within a close proximity of the 210 freeway and the Rose Bowl and John Muir High School. HAVE A VISION, REMODEL, AND EXPAND to make this home your Dream Home with the potential of investment income!

    Listed with ASHLEY SAULSBERRY CalDRE: 01987326 | 951-287-9867, REALTY MASTERS & ASSOC., 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, 01 Oct 2022 02:40:00 +0000: $1,100,000 :: 614 E Mountain Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 2 baths
    Home size: 1,196 sq ft
    Lot Size: 5,589 sq ft
    Added: 09/30/22, Last Updated: 10/01/22
    Property Type: Single Family
    MLS Number: 22204281
    Community: Pasadena (NE)
    Status: Active


    Welcome to this lovingly remodeled California craftsman in beautiful Pasadena! Renovations include a new roof, new stucco, new windows, new floors, custom tiling, new doors, light fixtures, all new bathrooms, updated plumbing, and a new water heater! Carefully curated design touches throughout make this space light and bright and oh so inviting. Surrounded by tree lined streets, idyllic mountain views and close to all of the shopping and dining Pasadena has to offer. Just a few minutes drive to the Rose Bowl! As you approach the home you'll see the fully redone landscaping with drought tolerant plants and drip irrigation, as well as a new paved parking area perfect for extra parking, RVs or to be set up as a seating and lounge area.

    Listed with Inessa Stysis CalDRE: 02126067 | 858-829-6406, eXp Realty of California 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, 30 Sep 2022 23:28:00 +0000: $920,000 :: 503 Cypress Avenue #1, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,428 sq ft
    Lot Size: 10,285 sq ft
    Added: 09/30/22, Last Updated: 09/30/22
    Property Type: Single Family
    MLS Number: MB22212477
    Community: Pasadena (NW)
    Status: Active


    Nestled on a quiet, tree-lined street of Pasadena, surrounded by magnificent mature oak trees up and down the street, this pristine 3 bed/2 bath Craftsman is ready for you to love! Impeccable Tiger wood floors, Main bedroom is located towards back of home offers privacy and has its own private full bathroom. Living room is spacious and opens to dining room, Galley kitchen flows into dining room. Recessed lighting only enhances the natural light that pours into this charmer! Indoor laundry with cabinets for storage and reinforced attic floors, offering additional storage opportunities are just some of the incredible features, central air/heat and two car detached garage. With close proximity to Pasadena landmarks such as the Rose Bowl, Old Town Pasadena and all its lovely shops and dining night life and Norton Simon Museum of Art, you will find endless access to all of the best Pasadena has to offer! What are you waiting for? See you in escrow

    Listed with YOLANDA CORTEZ CalDRE: 01734210 | 323-722-7300, CENTURY 21 REALTY MASTERS


    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, 30 Sep 2022 21:46:00 +0000: $950,000 :: 3852 Mountain View Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,428 sq ft
    Lot Size: 5,053 sq ft
    Added: 09/26/22, Last Updated: 09/30/22
    Property Type: Single Family
    MLS Number: TR22208448
    Community: Pasadena (NE)
    Status: Active


    Whether you're looking for a savvy investment or wish to maximize your next purchase, come check out this impeccable opportunity in Pasadena! This single-story abode can transform into the home of your dreams. The striking facade and enviable location will instantly appeal at first glance. At the same time, neutral color tones welcome you to the living area, presented with a fireplace that enhances the inviting atmosphere for unwinding. The outdoor panoramas extend from the dining area to the kitchen, equipped with a breakfast bar, ample countertop space, and plenty of cabinetry. Your bedrooms offer a warm setting as you cap the night off. Gather with guests in your fenced-in backyard that showcases a well-sized covered patio, luscious fruit trees and private grounds, ideal for both relaxing and entertaining. Other notable features include a 2-car garage and close proximity to schools, shops, and dining options. Come take a tour of this incredible residence before it passes you by!

    Listed with Denise Giacopuzzi CalDRE: 01382885 | 760-403-6738, Saravia 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, 30 Sep 2022 17:54:00 +0000: $919,900 :: 80 Virginia Avenue #3, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 4 baths
    Home size: 1,730 sq ft
    Lot Size: 12,062 sq ft
    Added: 09/02/22, Last Updated: 09/30/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: OC22194146
    Community: Pasadena (SE)
    The price of this listing was last reduced on 9/30/2022 by 5%
    Status: Active


    The premier location in Pasadena, close to PCC, Cal Tech, Old Town, the Library and easy access to the 210 Freeway. A delightful, very large, free standing townhome in the heart of Pasadena.A spacious open floor plan includes a living room with cozy fireplace, dining room, and kitchen on the ground floor, along with impressively updated tile and laminate flooring throughout.On the top floor, there is a terrace that overlooks the lovely courtyard of the community, and there are three bedrooms with en-suite bathrooms, and a private backyard perfect for hosting a barbecue in the backyard.A direct entry leads to the private garage where you have your own water hose available for washing your car. A bonus space for storage in the basement, better than the new construction home.For your convenience, the kitchen and laundry room are equipped with almost brand new appliances, as well as a water purifier underneath the kitchen sink.Your own private garage awaits you, close the door behind you and step right into your home. This is a beautiful smaller cluster of homes with a low homeowners' association fee.It is a beautiful property that you will want to call your own once you visit it.Remarks: Several of the photos have been digitally altered and staged in order to illustrate the possibilities of the property.

    Listed with Sam Shou CalDRE: 02113799 | 949-861-8000, Keller Williams Realty Irvine


    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, 30 Sep 2022 15:46:00 +0000: $2,299,998 :: 51 Glen Summer Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,706 sq ft
    Lot Size: 8,965 sq ft
    Added: 08/11/22, Last Updated: 09/30/22
    Property Type: Single Family
    MLS Number: BB22175212
    Community: Pasadena (SW)
    The price of this listing was last reduced on 9/30/2022 by 4%
    Status: Active


    STUNNING SOUTH ARROYO SPANISH REVIVAL HOME!!! This dazzling property has been refurbished and upgraded to a point of perfection. Upon entering the home, you are greeted by exquisite magnesite stamped flooring and lovely, original hard wood floors. This entrance sets the stage to the historic beauty of the dwelling. The front living room is over-sized and simply gorgeous, providing a gas burning fireplace, custom lights, and a beautiful custom stained glass window designed by Judson Fine Arts Studio. The updated kitchen features lovely cabinets that provide modern convenience and space that keeps with the overall style of the home. In the kitchen, a laundry station was created and a breakfast nook offers a delightful space with an abundance of natural light. The formal dining room is adorned with a custom chandelier and coffered ceilings. A downstairs bedroom can be used for an office. Adjacent to this space is a well-sized den. A full bath accompanies these spaces for downstairs use. Upstairs you will find a charming and spacious primary bedroom with on-suite bath. A large walk-in closet and a delightful dressing area with vanity add to the splendor of this room. Looking for a beautiful place for a morning cup of coffee? The enchanting balcony that opens from the primary suite is the perfect spot. The two upstairs secondary bedrooms are substantially sized and share a Jack and Jill bath. All bathrooms in this home have been completely updated with upgraded vanities, new tile, lighting and fixtures. The back and side yards feature privacy landscaping and a whimsical atmosphere. The collection of exterior lighting makes this an entertainer's dream. As an added benefit, fruit trees and drought tolerant grass have been planted, and charming brick pavers create patio areas and pathways throughout the outdoor spaces. Just a short drive to Old Town Pasadena shopping, dining and Entertainment. Also in close proximity to CalTech, Norton Simon Museum and the Rose Bowl. Come see this spectacular offering. It truly embodies the historic grandeur of the 1930's Pasadena.

    Listed with Karen Ulloa CalDRE: 01395066 | 877-973-3346, 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/!


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