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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:

  • Sun, 14 Sep 2014 21:59:00 +0000: $295,000 :: 408 North Catalina Avenue, Unit 8, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 863 sq ft
    Lot Size: 11,240 sq ft
    Added: 06/18/14, Last Updated: 09/14/14
    Property Type: Residential, Sale / Townhouse
    MLS Number: 214023628
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    The price of this listing was last reduced on 9/13/2014 by 11%
    Status: Active


    REDUCED $92,888! 8 Unit Community! Must see gorgeous end unit has it all! Gated parking for TWO CARS (2) in carport under unit w/locked storage closet is a rare find. Near METRO! Home has stone-tile entryway, living room with bamboo hardwood floors and gas fireplace. Dining room area and downstairs half-bath and coat closet, lead to a beautifully remodeled kitchen with granite counters, breakfast area, range-oven, and dishwasher. There are washer/dryer hookups inside as well! Upstairs there is a Master Bedroom has vaulted ceiling and a large mirrored closet with built-in dresser and shelves. The second bedroom also has a large closet with built-in shelves. Full bath upstairs and a linen closet in the hall. Central air conditioning keeps you comfortable on those warm days and forced heating will keeo you warm. Patio and private garden space outside to grow your vegetables! Pet-friendly complex on a tree-lined street less than 1 mile from the Rose Parade route! Why rent when you can own

    Listed with Victoria Mudge, V-Realty 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!


  • Sun, 14 Sep 2014 18:02:00 +0000: $625,000 :: 1938 East Crary Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,514 sq ft
    Lot Size: 8,408 sq ft
    Added: 08/12/14, Last Updated: 09/14/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314030510
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    The price of this listing was last reduced on 9/14/2014 by 4%
    Status: Active


    GREAT NEW PRICE! Warm traditional home that has been in the same family for over 40 years. Located in NE Pasadena with 3 bedrooms, 1.5 bath. Living room, formal dining room, and bedrooms have hardwood floors. Spacious kitchen with lots of counter space and cupboards. Step down family room. Lots of light throughout. Covered patio and large lot with succulents and fruit trees. Sport Court area. 2 car attached garage with laundry hook ups inside.

    Listed with Jan Thornton (w/ Shereen Kelly), 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!


  • Sun, 14 Sep 2014 15:59:00 +0000: $799,900 :: 2550 Morningside Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,507 sq ft
    Lot Size: 13,672 sq ft
    Added: 09/14/14, Last Updated: 09/14/14
    Property Type: Residential , Single Family Residence
    MLS Number: PW14115834
    Community: Pasadena (SE)
    Status: Conditional


    This immaculate home is a rare find located on a HUGE lot in a highly desirable neighborhood. Lush mature trees provide shade and privacy to enjoy the rear courtyard which features a brick fireplace, natural stone walls, and planter boxes for gardening. The home has been recently remodeled with remarkable attention to detail. The entire home has been freshly painted in designer colors inside and out. Upon entering the kitchen, you will notice stunning Carrera marble counters with brand new soft close cabinetry, high-end stainless steel appliances, and charming pendant lights. Original oak hardwood flooring has been beautifully refinished. Additional upgrades include: New crown moldings and baseboards, wainscoting, lighting fixtures, Carrera marble tiled fireplace and new carpet in the spacious bedrooms with 1/2 inch 8 pound premium padding. Bathrooms have quartz counters on new vanities with soft close doors and drawers, recessed lighting, and new showers and fixtures. Two car detached garage with epoxy coated floor and an attached bonus storage room. There is also a large storage basement. Three bedrooms, a prime lot and location, and all of the upgrades and features make this home a great place for you to live!

    Listed with Kaveh Shakeri, SM Landmark , 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!


  • Sun, 14 Sep 2014 14:28:00 +0000: $399,900 :: 965 East Del Mar Boulevard, Unit 10, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 786 sq ft
    Lot Size: 12,396 sq ft
    Added: 08/25/14, Last Updated: 09/14/14
    Property Type: Residential, Sale / Townhouse
    MLS Number: 314030930
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Location Location Location!! This is the best location in Pasadena. South Lake shopping is literally next door. Lots of restaurants and shopping 1 min away. Caltech is practically across the street. This home has a 2 car attached garage with washer and dryer hookups in the garage and entry through the garage. This home is an end unit so it has 2 additional windows for plenty of light. There is a fabulous large balcony adjacent the bedroom upstairs. Central air/heat is about 1 year old. Newer quiet garage opener installed recently. HOA repainted entire exterior of complex less than a year ago. Did I mention the actual 2 car attached garage and it's right next to South Lake shopping. Imagine coming home from work and no need to drive anywhere to get great food and shopping. You'll be the envy of all your friends. HOA fee does include Earthquake Insurance versus most complexes

    Listed with Jeffrey Rimerman, 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!


  • Sun, 14 Sep 2014 14:23:00 +0000: $519,000 :: 1642 North Los Robles, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,178 sq ft
    Lot Size: 6,584 sq ft
    Added: 08/18/14, Last Updated: 09/14/14
    Property Type: Residential , Single Family Residence
    MLS Number: SR14178253
    Community: Pasadena (NW)
    The price of this listing was last reduced on 9/11/2014 by 12%
    Status: Active


    Price Reduction! This Impeccable custom built Craftsman Bungalow built in 1911 has been maintained with tender loving care. The original interior wood shines beautifully. The trademark fireplace with built-in cabinetry highlights the artisan feel of this historic gem. The kitchen has original cabinetry and a classic Gaffers and Sattler oven calibrated and is in great working condition. The hardwood floors are newly sanded, stained and sealed. The bathroom floor has new tile and the kitchen; new wood laminate flooring. The home has fresh interior and exterior paint. The bonus room at the back of the house is perfect for an office, studio or sunroom and has a half bath which is permitted. The garage has been totally renovated with finished interior walls and electrical outlets. The front and back yards have a fully automated sprinkler system. The back yard is perfect for relaxing under mature trees and is fully fenced in. Attic can be built out for more living area. Located north of Washington in an established neighborhood with custom homes close and to museums, this home awaits the buyer that has been searching for an original Craftsman Bungalow in Pasadena.

    Listed with Jacqueline Mendelson, White House 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!


  • Sun, 14 Sep 2014 12:55:00 +0000: $640,000 :: 810 Selkirk Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 1,780 sq ft
    Lot Size: 9,117 sq ft
    Added: 08/26/14, Last Updated: 09/14/14
    Property Type: Residential , Single Family Residence
    MLS Number: OC14184402
    Community: Pasadena (NW)
    Status: Active


    Welcome to 810 Selkirk Street!! This desirable Corner lot and cul-de-sac location with dramatic San Gabriel/Mt.Wilson mountain views. Single level featuring 3 Bd. 3Ba with bonus room that can be converted to library/office. Fully upgraded gourmet kitchen with newer cabinetry and granite counters along with a breakfast area. This home is situated on a 9100 sq. ft. lot and is in walking distance to the Rose Bowl. An amazing opportunity to live in one of California's most sought after cities!

    Listed with Anne Johnson, Re/Max Premier 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!


  • Sun, 14 Sep 2014 12:28:00 +0000: $675,000 :: 730 North Mar Vista Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,702 sq ft
    Lot Size: 8,762 sq ft
    Added: 06/23/14, Last Updated: 09/14/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314030686
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Attractive Bungalow home in Bungalow Heaven. Situated on well manicured grounds. There is a charming rear Bungalow w/ separate meter. Privacy for both houses. Live in one, rent out the other! The front Bungalow home features 2 BR* & a den like area. The gracious living room is highlighted by a Batchelder tile style fireplace. The home features wood floors, bright kitchen w ample cupboard/storage space, central heating/air, a laundry room & an enclosed patio area. The rear Bungalow is also loaded w/charm & features a good sized bright bedroom, a kitchen w/eating area, a welcoming living room, bonus room w/closet & currently used as an office, a detached garage & a fabulous large lush green yard, mature foilage & much more! Situated in a lovely residential neighborhood this is one home you can be proud to call your own! Front House per Assesasor shows as 1 BR* Welcome to Bungalow Heaven. Welcome Home!

    Listed with John Fairbanks (w/ Marion Fairbanks), 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!


  • Sun, 14 Sep 2014 11:07:00 +0000: $1,195,000 :: 250 South De Lacey Avenue, Unit 208 A, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 2 part baths
    Home size: 2,021 sq ft
    Lot Size: 24,904 sq ft
    Added: 04/21/14, Last Updated: 09/14/14
    Property Type: Residential, Sale / Condominium
    MLS Number: 214015567
    Community: Pasadena Sw
    Tract: Not Applicable-647 (NA647)
    The price of this listing was last reduced on 9/14/2014 by 7%
    Status: Active


    Luxurious corner unit at Delacey Place just blocks away from Old Town Pasadena. The gourmet kitchen includes Wood Mode cabinetry and European appliances. Other features include hardwood floors, Pella French doors and windows, two fireplaces, balconies, central vacuum, security system, and steam shower. There is also a private two car garage with separate storage. Common area amenities include concierge service, pool, spa, and gym. Urban living in Pasadena at its best!

    Listed with Gary Forecast, 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!


  • Sun, 14 Sep 2014 10:56:00 +0000: $1,174,900 :: 120 Patrician Way, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 2 part baths
    Home size: 2,512 sq ft
    Lot Size: 30,511 sq ft
    Added: 07/16/14, Last Updated: 09/14/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 214027192
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    The price of this listing was last reduced on 9/9/2014 by 6%
    Status: Active


    Located in the hills above Annandale Golf Club, this contemporary home features spectacular panoramic city light and mountain views and is an entertainers paradise! Updated throughout. Open floor plan takes advantage of the views and privacy that this home offers. The large living room offers newer sable wood floors and two large picture windows with stunning views of downtown LA. Adjacent is the formal dining room with views to the east. The updated gourmet kitchen features granite counters, and SS appliances. Step down great room has glass sliding doors leading to the expansive outdoor deck with a pool and spa. The large master suite is highlighted by a spacious walk in closet with built in cabinets and a spa inspired master bath with a soaking tub. The 2nd BR features a extra large closet. Off the entry is the 3rd BR with a fireplace and powder room. 1200+ bottle wine cellar. Terraced rear yard with sports court. The views from this move in ready home will take your breath away!

    Listed with Susan Mohr (w/ Bradley Mohr), Partners Trust Real Estate Brokerage & Acquisitions


    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!


  • Sun, 14 Sep 2014 09:16:00 +0000: $6,700,000 :: 1199 South El Molino, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    6 beds, 3 full, 4 part baths
    Home size: 8,742 sq ft
    Lot Size: 51,016 sq ft
    Added: 08/05/13, Last Updated: 09/14/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 22178580
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    The price of this listing was last reduced on 9/14/2014 by 7%
    Status: Active


    This Craftsman/English Tudor Revival is a stunning example of acclaimed architect Myron Hunt's work, updated and masterfully enhanced with all the amenities and expectations of today's buyers while keeping perfect harmony with the past. The grand foyer leads you to the living room with the first of 6 fireplaces throughout the home. Sunroom, overlooking the pool, formal dining room, Butler's pantry, kitchen with center island and family room plus the library and 2 powder rooms complete the 1st floor. Master bedroom, with FP on 2nd floor with en suite bath, huge dressing room/closet, plus separate exercise room, 2 bedroom suites, 3 more bedrooms, bath and laundry room. 3rd floor hosts the immense game room with FP plus extra attic storage. There is a 2 bed, 1 bath GH with kitchen & living room, approx. 927 sf(M), above the 3 car garage with additional room, workshop, changing room and bath. Outdoor kitchen/patio area with pizza oven, magnificent gated grounds with secluded pool.

    Listed with Barbara Rogers, 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!


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