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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:

  • Wed, 31 Aug 2016 15:45:00 +0000: $549,000 :: 339 S Catalina Avenue , Unit 227, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,452 sq ft
    Lot Size: 74,876 sq ft
    Added: 08/31/16, Last Updated: 08/31/16
    Property Type: Residential, Condominium
    MLS Number: 316008210
    Community: Pasadena (SE)
    Tract: NA648
    Status: Active


    Situated in the desirable South Lake District of Pasadena, this bright condo blends the spaciousness of a house with the convenience of city living. With the largest floor plan in the building, this unit boasts two great bedrooms, two bathrooms, an office, and a sizeable living room perfect for those who like to entertain and stretch out to relax. An abundance of closet space is found throughout the condo--including a walk-in utility closet uncommon in condo units. A pair of French doors opens to a large enclosed balcony, and recently upgraded windows throughout provide ample natural light. Wainscoted walls adorn the recently painted dining area, and granite counter tops highlight the full kitchen. Community features include a pool, permanent BBQs, a sauna, and a recreation room with pool table. Located mere footsteps from the Shops on South Lake and the CalTech campus, and a short drive from Old Pasadena. Welcome home!

    Listed with Megan Ferrell, 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/!


  • Wed, 31 Aug 2016 15:12:00 +0000: $728,000 :: 2433 ONEIDA Street , Unit 1, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,849 sq ft
    Lot Size: 49,865 sq ft
    Added: 08/31/16, Last Updated: 08/31/16
    Property Type: Residential, Townhouse
    MLS Number: WS16181753
    Community: Pasadena (SE)
    Status: Active


    LOCATION! LOCATION! LOCATION! TURNKEY, THIS SPACIOUS, LIGHT-FILLED TOWNHOUSE IS LOCATED ON A QUIET STREET IN A NEIGHBORHOOD CLOSE TO SHOPPING, RESTAURANT AND HWY 210 ACCESS TO PASADENA OLD TOWN. THIS IS END UNIT WITH 2 PATIOS, YOU CAN RELAX AND BBQ AT BACK GARDEN. FRONT ENTRANCE WITH EXTRA WIDE WOOD DOOR AND MARBLE FLOOR, LIVING ROOM WITH FIREPLACE, REMODEL KITCHEN WITH GRANITE COUNTER AND KITCHEN ISLAND, SLIDE DOOR TO BACK PATIO AREA. ALL BEDROOMS ARE UPSTAIR WITH CARPET, BIG AND HIGH CEILING MASTER SUITE ROOM WITH FIREPLACE AND JACUZZI, (COUNTY ASSESSOR'S RECORD SHOWS 2 BEDS, 3 BATHS, BUYER TO VERIFY WITH CITY/COUNTY ), SKYLIGHT ON SECOND FLOOR HALLWAY, ALL WINDOWS AND PATIO DOOR WITH WOOD SHUTTERS, FIRE SPRINKLE SYSTEM, BONUS ROOM IN BASEMENT, EXTRA WIDE GARAGE FOR 2 CARS, NEW A/C UNIT, MUST SEE ! DON'T MISS IT !

    Listed with RICHARD LEE, KO TAI 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/!


  • Wed, 31 Aug 2016 14:22:00 +0000: $2,325,000 :: 130 Patrician Way, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 3,178 sq ft
    Lot Size: 35,103 sq ft
    Added: 08/16/16, Last Updated: 08/31/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316007388
    Community: Pasadena (NW)
    Tract: NA645
    Status: Active


    Sited overlooking the practice green and driving range at Annandale Golf Club, this stylish single level mid-century residence enjoys breath-taking views of both the course and the San Gabriels. A gated approach leads to the attractive motor court, the recently updated home and the 0.81 acres of gently rolling grounds. A floor plan, ideal for California's indoor / outdoor living and entertaining, features a generous, bright great room with fireplace and a wonderful spacious family room / gourmet kitchen with center island and granite counters, all with panoramic views. To the south of the great room, an attractive library with fireplace and a master suite with newly remodeled bath also enjoy fabulous vistas. A bright bedroom and bath complete this wing. To the north of the kitchen are the laundry, an additional remodeled bath and the attached two car garage with a private guest suite above. The inviting wrap-around terrace, outdoor kitchen and lower flat yard are accessed through the many east facing French doors. Only one of a few homes directly on the course, this sophisticated, architect designed property is close to Old Town, the Rose Bowl and freeways.

    Listed with Catherine Cheney, Coldwell Banker Residential Br


    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/!


  • Wed, 31 Aug 2016 14:22:00 +0000: $2,100,000 :: 1450 Rutherford Drive, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 full, 1 part baths
    Home size: 3,245 sq ft
    Lot Size: 50,065 sq ft
    Added: 06/20/16, Last Updated: 08/31/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316005610
    Community: Pasadena (NW)
    Tract: NA645
    The price of this listing was last reduced on 8/15/2016 by 4%
    Status: Active


    Comfortable elegance & privacy describe this light-filled country traditional residence sited at the top of El Mirador Ranch surrounded by the tranquility of nature yet just minutes from downtown Pasadena & Los Angeles. A double door entry introduces the excellent floor plan. A bright, step-down living room has a stone fireplace, hardwood flooring, soaring ceiling & generous view windows. The formal dining room w/ wet bar overlooks the back garden & pool. A bright kitchen w/ center island & adjacent breakfast bay is open to the wonderful family room. All open to the back terrace & outdoor kitchen w/ built-in BBQ, refrigerator & outdoor fireplace. A guest bath & laundry complete the main level. A sky-lit staircase leads to the 2nd floor & the impressive master suite w/ a walk-in closet & a luxurious bath. In addition, there are 3 bedrooms, one w/ bath en suite & 2 that share a bath. Features include central heat/AC, newer roof, security system, heated pool/spa & attached 3 car garage.

    Listed with Catherine Cheney, Coldwell Banker Residential Br


    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/!


  • Wed, 31 Aug 2016 13:51:00 +0000: $698,000 :: 1111 N Mentor Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,442 sq ft
    Lot Size: 8,499 sq ft
    Added: 07/26/16, Last Updated: 08/31/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316006994
    Community: Pasadena (NE)
    Tract: NA646
    The price of this listing was last reduced on 8/9/2016 by 4%
    Status: Active


    Price Reduction! Located in Pasadena's Bungalow Heaven neighborhood, this delightful two bedroom home welcomes you with a picturesque brick pathway leading to a quaint front patio entrance. Spacious living room with hardwood floors, crown molding and attractive fireplace with wood mantle. Formal dining room is ideal for hosting intimate gatherings with friends and family. Charming kitchen highlighted by tiled counter tops, an abundance of cabinetry, large pantry and views of the extensive backyard. Adjacent hallway leads to two generous bedrooms both with floor to ceiling built-in shelves and custom closets. Functional, playful and large backyard. Detached 2 car garage with workshop and individual laundry room. This character filled home is conveniently located close to parks, shopping and restaurants.

    Listed with Michele Downing, Partners Trust Real Estate Bro


    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/!


  • Wed, 31 Aug 2016 13:17:00 +0000: $489,000 :: 330 W California Boulevard , Unit 110, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,350 sq ft
    Lot Size: 43,478 sq ft
    Added: 07/27/16, Last Updated: 08/31/16
    Property Type: Residential, Condominium
    MLS Number: 316007131
    Community: Pasadena (SW)
    Tract: NA647
    The price of this listing was last reduced on 8/24/2016 by 2%
    Status: Active


    Location + Value = Opportunity!! This under-priced (one level) 2 bed + 2 bath condo is conveniently close to all Pasadena has to offer (blocks away from Old Town Pasadena, Singer Park, Arlington Garden, Orange Grove Millionaires Row, Restaurants, Shops, Norton Simon Museum, etc). Here's your opportunity to live the upscale urban lifestyle and indulge in Pasadena culture. It has a spacious interior (1,350 square feet!!) and a huge balcony (over 45 feet long) for you to enjoy. Mountain views from the balcony, living room and bedrooms. The complex has a pool for you (and your friends) to cool down on warm summer days. The 110, 210 and 134 freeways are close by and can take you to Glendale, Downtown LA, North East LA and the San Gabriel Valley in minutes. From the parking area to the front door of the unit is about 60 seconds. This condo is a blank canvas, so bring your artistic flare to make this dwelling a home to create wonderful memories. Recent sales in this building have been between $434-$455 per square foot. This is important for you to know because this property is at $362/sqft. Zestimate (tm) value as of Aug 25 is $540,000. If you seek value, then look no further.

    Listed with Steven Galindo, 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/!


  • Wed, 31 Aug 2016 12:46:00 +0000: $1,479,000 :: 2361 E Orange Grove Boulevard, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 3 part baths
    Home size: 3,402 sq ft
    Lot Size: 19,825 sq ft
    Added: 07/19/16, Last Updated: 08/31/16
    Property Type: Residential, Single Family Residence
    MLS Number: PW16157865
    Community: Pasadena (NE)
    The price of this listing was last reduced on 8/28/2016 by 10%
    Status: Active


    Historic Elegance! On market for the first time in over 60 years. Trust sale must be sold! Vintage 1926 estate home on large lot. Main house is approximately 2792 square feet. Formal living and dining rooms, kitchen, breakfast room, family room and quest bath are downstairs. Upstairs are three large bedrooms and two baths. Large walk in closet in master. Beautifully tiled bathrooms with ornate fixtures. Attached to garage are additional living areas; one is small pool changing room with half bath and mini kitchen facility, the other upstairs is a one bedroom apartment (former chauffeur's quarters approximately 412 square feet) with kitchen and 3/4 bath. Exquisite park like grounds on this large over-sized lot make this the perfect residence for entertaining. Large pool with outside cabana (covered next to garage) complete with fresco like artwork. Part of the grounds are forest like with stunning trees, including magnificent redwoods, statuary and ponds. Beautiful patio setting outside the main house is a perfect spot for contemplation. Large garage area with an abundance or car parking area in front. This home is a true Pasadena Gem that cannot be appreciated without viewing. Estate sale to be sold in "AS IS" condition.

    Listed with Gary Hunter, Cal West RE Solutions


    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/!


  • Wed, 31 Aug 2016 12:30:00 +0000: $3,180,000 :: 294 California terrace, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 4 full baths
    Home size: 3,933 sq ft
    Lot Size: 26,750 sq ft
    Added: 07/29/16, Last Updated: 08/31/16
    Property Type: Residential, Single Family Residence
    MLS Number: WS16166183
    Community: Pasadena (SW)
    Status: Active


    This gated gracious traditional home nestled on 26,750 Sq Ft Lot with beautiful landscape. 3 bedrooms, 4 bathrooms plus a bedroom suite over the garage, there is a picturesque view of the garden from every room. Recently remodeled with quality upgrades of hardwood floor, double pane windows with aluminum frame over real wood inlay, skylight roof, Miele appliance/granite counter tops kitchen, newly installed all copper underground piping, whole household water filter system, outdoor kitchen with convertible patio cover. Attached 2-car garage and one more parking space outside with tent. Detached earthquake proof bunker located in the front yard. Large living room with fireplace. Formal dining room with gorgeous chandelier. Gourmet kitchen with granite counter tops and high quality appliances. Spacious master bedroom with walk-in dressing room and marble accented full bathroom. Bedroom #2 has an adjoined bathroom with a sauna shower and heating floor. All the rooms in the house are bright and airy. A convertible and spacious den with fireplace and its own bathroom can be used as the #3 bedroom, over the garage is a guest house including a bedroom suite. Astonishing garden with water fountain, full blossom flowers and mature trees.

    Listed with HE GEORGE GAO, RE/MAX ELITE 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/!


  • Wed, 31 Aug 2016 12:14:00 +0000: $899,900 :: 141 S Hudson Avenue , Unit 104, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 3 full baths
    Home size: 2,005 sq ft
    Lot Size: 0 sq ft
    Added: 07/01/16, Last Updated: 08/31/16
    Property Type: Residential, Condominium
    MLS Number: TR16143526
    Community: Pasadena (SE)
    The price of this listing was last reduced on 8/29/2016 by 5%
    Status: Active


    LOCATION LOCATION LOCATION !!! Beautiful contemporary loft-style condo located in the heart of Pasadena, walking distance to shopping district, restaurants, retail and grocery stores, MTA Gold line, close to Cal Tech, PCC, Pasadena Playhouse and Old Town Pasadena. Feature with Security Gate, Security Garage, with surveillance camera around building, interior with abundant natural light, maple hardwood floors, and slate, tile, and granite surfaces. Duravit / Kohler bath fixtures and Viking kitchen appliance abound. Two bedrooms, three full baths, spacious loft / great room, formal dining room, 20 ft ceiling, and many other fine details.

    Listed with Michelle Lee, Michelle Lee


    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/!


  • Wed, 31 Aug 2016 11:58:00 +0000: $2,160,000 :: 929 Old Mill Road, Pasadena CA, 91108 - Pasadena Home Search
    Property Photo



    3 beds, 4 full baths
    Home size: 3,171 sq ft
    Lot Size: 11,574 sq ft
    Added: 08/31/16, Last Updated: 08/31/16
    Property Type: Residential, Single Family Residence
    MLS Number: TR16191664
    Community: Pasadena (SE)
    Status: Active


    Location!Contemporary!Style!Modern architecturally designed home located in the very prestige location on the Historic Old Mill Street close to Langham Hotel.Uniquely rebuilt in 2005, bright interior with high ceiling and plenty of windows/sky lights. Open and stylish floor plan with large gourmet kitchen for entertainment featuring Viking stainless steel appliances, custom cabinets, granite counters, wine cooler, built-in refrigerator, and much more. 2 suites downstairs with each of their own full baths and outside access. Large private master suite upstairs with private balcony. Each space in this house has outdoor access to the serene backyard. Surrounded by private and tranquil yard with water feature. Private outdoor jacuzzi/BBQ/Fireplace area for total urban relaxation. Walking distance to Private School of Southwestern Academy, Architectural Landmark"The Old Mill-El Molino Viejo", Lacy Park in San Marino, and much more!

    Listed with Rita Chang, R C Realty Corp.


    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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