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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:

  • Tue, 21 Oct 2014 06:34:00 +0000: $799,999 :: 995 Pepperhill Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 1,856 sq ft
    Lot Size: 7,202 sq ft
    Added: 05/07/14, Last Updated: 10/21/14
    Property Type: Residential , Single Family Residence
    MLS Number: AR14094112
    Community: Pasadena (NE)
    The price of this listing was last reduced on 6/23/2014 by 3%
    Status: Conditional


    This is a Beautiful 4 Bedroom home with 3 Bathrooms, fireplace and a Large Master bedroom. Living Room, Kitchen with a sliding glass door that opens to the pool. Well maintained yard with a in ground pool and a above ground sauna. Pool has just been replastered and the tile redone. This home sits in the Hastings Ranch area and during the holidays is a sight to see. Beautiful well kept street and a lovely home to go to. Pool newly replastered.

    Listed with Tamela Rucker, Diamond Enterprises


    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!


  • Mon, 20 Oct 2014 23:23:00 +0000: $599,000 :: 832 Magnolia Avenue, Unit 8, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 full baths
    Home size: 1,206 sq ft
    Lot Size: 20,023 sq ft
    Added: 10/20/14, Last Updated: 10/20/14
    Property Type: Residential , Condominium
    MLS Number: AR14224308
    Community: Not Defined
    Status: Active


    Located in the quiet neighborhood of South Pasadena, this end unit condo only shares 1 common wall and is the only unit to have a patio area. The interior features updated hardwood floors throughout the living room and kitchen, updated kitchen counter tops, and updated bathroom sink fixtures and showers. The 1st floor includes a guest ½ bathroom, coat closet, living room with fireplace, and kitchen. There is ample natural lighting with two sliding doors that lead to the patio area. Kitchen includes a dishwasher with brand new stove and microwave. Adjacent to the kitchen is a staircase that leads downstairs to the 2 car attached garage. The 2nd floor has carpet through both bedrooms with a laundry area at the top of the stairs. Don’t miss the opportunity to own this beautiful home located near Old Town Pasadena, PCC, Caltech, and Huntington Library. Conveniently located close to the 210 and 110 freeways.

    Listed with Eddie Chiang, Coldwell Banker George


    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!


  • Mon, 20 Oct 2014 20:32:00 +0000: $510,000 :: 843 East Elizabeth Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,004 sq ft
    Lot Size: 3,445 sq ft
    Added: 09/27/14, Last Updated: 10/20/14
    Property Type: Residential , Single Family Residence
    MLS Number: SR14208134
    Community: Pasadena (NW)
    The price of this listing was last reduced on 10/12/2014 by 4%
    Status: Conditional


    Incredible opportunity to live in Pasadena's Dundee Heights! Awesome 1923 home retains its historic flavor while painstakingly and thoughtfully remodeled. Original features include gleaming hardwood floors, dazzling windows, and French doors. The exquisite kitchen boasts a beautiful and rare Wedgewood stove, custom cabinetry, farmhouse sink, subway tile, Brazilian cherry wood floors, and multi-purpose island for storage and dining. The dining room showcases a built-in hutch and loads of light! A working gas/wood fireplace in the living room promises cozy evenings and the recently installed tongue and groove ceiling puts the charm factor literally over the top! Bedrooms feature berber-style carpeting over original hardwood floors, period glass knobs, and vintage windows. The hall bath provides a spa-like feel with tub for soaking away the day's stress. The laundry room is lovely on its own with custom cabinetry and Brazilian cherry wood floors. A perfect oasis is found in the back yard with Saltillo tile patio, pristine landscaping, and privacy. Newer systems include central HVAC, copper plumbing, upgraded electrical, and home security. Multipurpose, one-car garage is at the top of the driveway. Call for a private tour of this gracious home today!

    Listed with Jennifer Proulx (w/ Mary Proulx), Coldwell Banker Vista 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!


  • Mon, 20 Oct 2014 19:22:00 +0000: $668,000 :: 700 South Lake Avenue, Unit 106, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 full, 1 part baths
    Home size: 1,583 sq ft
    Lot Size: 93,340 sq ft
    Added: 10/13/14, Last Updated: 10/20/14
    Property Type: Residential, Sale / Condominium
    MLS Number: 314032373
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    This Sophisticated, extensively remodeled condo with no common walls has beautiful finishes that wrap you in style. Likely one of the finest units in the complex, it has a Gourmet kitchen with Silestone counter tops, stainless appliances(included) & a custom built-in eating area. An expansive living room with fireplace opens to the dining room & a brick patio balcony with custom lighting. A cozy Den with built-ins could also serve as an office. The lovely master suite features a recently updated bathroom & lengthy walk-in closet. New dual-paned windows throughout, in-unit laundry, California Closets, crown molding, recessed lighting & custom cabinetry are just a few of the premiums included. Also featured: Central air/heat, a Sparkling pool with spa & Subterranean gated garage with 2 car parking & no-stairs access to the unit. An exceptional home in a desirable complex. Just 1/4 mile to the prestigious South Lake District & also convenient to nearby Caltech, San Marino & the Langham.

    Listed with Pamela HillingsTegtmeyer (w/ E. Lee Bothast), Coldwell Banker Residental Brokerage


    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!


  • Mon, 20 Oct 2014 18:25:00 +0000: $2,999,000 :: 1151 Kewen Drive, Pasadena CA, 91108 - Pasadena Home Search
    Property Photo



    5 beds, 2 full, 2 part baths
    Home size: 3,612 sq ft
    Lot Size: 17,540 sq ft
    Added: 07/18/14, Last Updated: 10/20/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 214027498
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    The price of this listing was last reduced on 10/20/2014 by 3%
    Status: Active


    Magnificent Mediterranean estate newly built in 2011 in Pasadena's exclusive Langham Hotel area has park like grounds and is perfect for those who seek serenity and privacy. Designer finishes, 15-foot or higher ceilings in many rooms, huge windows, open floor plan and garden views from most rooms will impress the most discerning buyer. The elegant 20-foot formal entrance with decorative arches bathes in natural light. Spacious formal living room w/ extraordinarily high ceilings and fireplace and separate family room are perfect for entertaining. Chef's kitchen w/ center island, high-end appliances and breakfast area that opens to the spacious patio w/ built-in BBQ is ideal for al fresco dining. The sensational master bedroom that opens to a glorious patio has vaulted ceilings, a limestone fireplace, walk-in closet, jacuzzi tub and separate shower. Other features include direct access 3-car garage, surround sound system, tankless water heater, walnut floors, 2 zone a/c and more!

    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!


  • Mon, 20 Oct 2014 18:01:00 +0000: $1,895,000 :: 520 Bellmore Way, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 full, 1 part baths
    Home size: 3,125 sq ft
    Lot Size: 10,917 sq ft
    Added: 10/20/14, Last Updated: 10/20/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314032349
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    This handsome Monterey Revival home was built in 1935 for Louise G. Gamble, of the famed Gamble family. Located adjacent to the historic Prospect Park neighborhood,the stately facade has a strong New Orleans-Colonial influence.The traditional floor plan features a formal living room with a fireplace, built in bookcases & french doors to both the front porch and the back patio.The formal dining room with wainscoting also enjoys french doors to the back patio & is attached to a butlers pantry.The kitchen features a Wolf stove range, addt'l wall oven, microwave, warming drawer and a professional grade Traulsen refrig. A 1st floor bedroom & bath are located just off of the kitchen as well as a spacious family room w/ fireplace.The 2nd floor features 2 bedrooms that share a jack-and-jill bath & a master suite which enjoys a fireplace & doors to both the front balcony & rear balcony overlooking the yard. The backyard is comprised of a brick patio & large grassy area-perfect for entertaining.

    Listed with Ted Clark (w/ Heather Lillard), Deasy/Penner & Partners


    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!


  • Mon, 20 Oct 2014 17:55:00 +0000: $599,000 :: 515 South Madison Avenue, Unit 5, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 2 part baths
    Home size: 1,373 sq ft
    Lot Size: 13,227 sq ft
    Added: 10/17/14, Last Updated: 10/20/14
    Property Type: Residential, Sale / Townhouse
    MLS Number: 314032175
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Craftsman style townhouse. Great location in a well-maintained 8 unit complex. Bright and spacious layout with vaulted ceilings, breakfast bar, bonus room, laundry room and private patio. Raised hearth fireplace, new retro fit copper piping, newer a/c and roof. Large walk in closets. Bonus room could be gym, office or hobby room. Additional W/D hookup upstairs. Double attached garage with room for additional storage

    Listed with Robert Fickas, Berkshire Hathaway Home Serv.


    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!


  • Mon, 20 Oct 2014 17:43:00 +0000: $699,000 :: 490 S CARMELO AVE, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,367 sq ft
    Lot Size: 5,223 sq ft
    Added: 10/02/14, Last Updated: 10/20/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 14798723
    Community: Pasadena Se
    Status: Conditional


    Sun filled home on a corner lot in one of the most desirable areas of Pasadena. Property offers 3 bedrooms with a full bath and a ~ en-suite bath. Large living room, formal dining, spacious kitchen opens to family room. Stunning and original hardwood floors throughout, along with designer plantation shutters. All new tile flooring brightens up the kitchen and family room. Fireplaces in living room and third bedroom make the home feel warm and cozy. Lovely open backyard offers complete privacy, a patio and fruit bearing trees of lime, fig and persimmon. Two-car direct entry garage. See private remarks for showing instructions.

    Listed with Kathryn Shafer, Keller Williams Beverly Hills


    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!


  • Mon, 20 Oct 2014 17:24:00 +0000: $2,980,000 :: 525 Prospect Boulevard, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    7 beds, 4 full, 3 part baths
    Home size: 4,382 sq ft
    Lot Size: 11,348 sq ft
    Added: 10/20/14, Last Updated: 10/20/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314032633
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    Sensational renovation and remodel of a classic 1937 French Provincial by architect and builder G. Lawrence Stimson. Located in prestigious Prospect Park. The neighborhood boasts a bounty of pedigreed architecture. Beyond it's impressive and historic Arroyo stone gates , you'll find stately residences by Greene and Greene ; Frank Lloyd Wright ; Roland Coate ; Reginald D. Johnson ; Myron Hunt and Marston , Van Pelt & Mayberry. A total of seven bedrooms and six and one half baths. All upgraded and reflective of the period. Exquisite kitchen with Carrera marble and top-of-the-line appliances. Walk out finished basement with new three quarter bath and professional'' laundry room featuring three washers and three dryers. Picture perfect pool area and hedged lawn playing field. Newer plumbing , electrical (400 amp service ) roof and HVAC systems. Attached two-car garage.

    Listed with Mark Ogden, 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!


  • Mon, 20 Oct 2014 17:18:00 +0000: $785,000 :: 2431 East Woodlyn Road, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,695 sq ft
    Lot Size: 7,647 sq ft
    Added: 10/18/14, Last Updated: 10/20/14
    Property Type: Residential , Single Family Residence
    MLS Number: PW14223869
    Community: Pasadena (NE)
    Status: Active


    Serene and lovely 3 bedroom, 1.75 bath home in tree-lined Brigden Ranch in a desirable part of East Pasadena. Close to Victory Park and Saturday Farmer's Market, shopping, freeways and schools. Recently remodeled throughout and freshly painted on the outside. Hardwood and tile floors, crown molding, granite counters in the kitchen, beautiful fireplace and custom closets. Central air and heat, Mountain Views, 2 car garage. Beautifully landscaped low-maintenance garden with automatic sprinklers and fruit trees. Come see your new home!

    Listed with Rana Thomas, Property Works, 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!


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