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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, 26 Jul 2016 13:26:00 +0000: $975,000 :: 1345 Leonard Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 1 full, 1 part baths
    Home size: 2,127 sq ft
    Lot Size: 10,562 sq ft
    Added: 06/10/16, Last Updated: 07/26/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316003913
    Community: Pasadena (NE)
    Tract: NA646
    The price of this listing was last reduced on 7/26/2016 by 2%
    Status: Active


    Spacious, mid-century, 4 bedroom rancher, in Upper Hastings Ranch. This tastefully updated property sparkles with new paint top to bottom, inside and out, new open kitchen, remodeled bathrooms with new fixtures, new tile with glass shower surrounds and spring rain style shower heads. The open kitchen, living room, and dining room design, works in harmony for convenient living and easy entertaining. The family room with built-in bookshelves is great for an office or den. The new open solarium with skylight is the perfect place to snuggle up with the dog and a good book. Floor to ceiling windows provide a tranquil connection to the garden patio from many vantage points of the living areas. The Laundry and pantry area is off the kitchen and leads to the two car garage. The property has been landscaped front and back with automatic sprinklers, fruit trees, and a rose garden. This large lot is set on a tree lined street against a backdrop of the mountains.

    Listed with Robert Schaumann, Dilbeck Real Estate


    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/!


  • Tue, 26 Jul 2016 13:09:00 +0000: $658,000 :: 175 S LAKE Avenue , Unit 316, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,184 sq ft
    Lot Size: 0 sq ft
    Added: 07/22/16, Last Updated: 07/26/16
    Property Type: Residential, Condominium
    MLS Number: OC16160379
    Community: Pasadena (SE)
    Tract: Pasadena Collection East
    Status: Active


    An exciting opportunity to experience Urban Living in Pasadena! This Sleek and Modern Loft with many upgrades is situated in a newer residential mixed-use building in the center of the South Lake District. Upstairs from Duke’s Bakery and Sharky’s, walking distance to an array of restaurants, shops, Macy’s and Trader Joe's. It's also directly across from William Sonoma’s, LA Fitness and minutes away from Caltech, PCC, and Old Town Pasadena. It’s high ceilings & glass walls overlooking Lake Avenue offers mountain and city-light views. This is also a corner unit with an open-floor plan, wood floors throughout, remote-controlled automatic blinds, central air/heat, ceiling fans and recessed lighting. The kitchen has stainless steel appliances and granite counter tops. The bedrooms are light-filled and spacious with walk-in closets. The two full-baths have granite tile and countertops. Washer and dryer are included and in the unit. Amenities include a concierge, fitness center, conference room, all within a gated and secured building. Unit comes with 2 side-by-side assigned parking spaces.

    Listed with Christina Fu, Christina Fu, Broker


    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/!


  • Tue, 26 Jul 2016 12:06:00 +0000: $625,000 :: 3583 Brandon Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,567 sq ft
    Lot Size: 7,292 sq ft
    Added: 06/10/16, Last Updated: 07/26/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316004801
    Community: Pasadena (SE)
    Tract: NA648
    The price of this listing was last reduced on 7/26/2016 by 7%
    Status: Active


    Two bedroom, two bathroom home in the heart of Pasadena features an updated kitchen and spacious sunroom. Front porch welcomes you into the bright living room and dining room with sliding glass doors. Updated kitchen features plenty of storage and is adjacent to the large utility room with laundry hookups and exterior access. Bedrooms feature mirrored closet doors & ceiling fans. Master bedroom features sliding glass doors overlooking the private covered patio & backyard, perfect for outdoor entertaining. Large sunroom off the first bedroom features built-in storage and is perfect as a den or an office. Full bathroom in the hallway and large master bathroom with dual vanities complete this wonderful home. Additional amenities include central air-conditioning, newer carpet & paint, fruit trees in the backyard, large attic space, and a work shop off the over-sized one car garage. Close to Old Town Pasadena shopping & dining, Pasadena City College and everything the city has to offer.

    Listed with Jayne Parsons (w/ Brian Parsons), Keller Williams 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/!


  • Tue, 26 Jul 2016 11:18:00 +0000: $1,795,000 :: 1581 Old House Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 2 full, 3 part baths
    Home size: 5,355 sq ft
    Lot Size: 21,018 sq ft
    Added: 06/09/16, Last Updated: 07/26/16
    Property Type: Residential, Single Family Residence
    MLS Number: 315012020
    Community: Pasadena (NE)
    Tract: NA646
    The price of this listing was last reduced on 6/18/2016 by 5%
    Status: Active


    This striking contemporary style home with two-story entry was built in 1967 by John A. Rinaldi as his personal residence. Rinaldi, a noted architect, is responsible for designing numerous properties in California. Sited on a half-acre of lush landscaping, this wonderful property has a serene and private setting. The property features include; remodeled kitchen with granite counters, Sub-Zero refrigerator, Gaggenau double ovens and gas cooktop, zoned HVAC, recessed lighting, sound system wiring, and copper plumbing. The upper level is a bedroom suite with commanding views to the ocean. The lower level, accessed both from the main level and a private outside entrance, offers an oversized family/media room with kitchenette, bath and bedroom- currently being used as a gym. The pool and spa are conveniently located off the living room for seamless entertaining, as well. The property is located near Eaton Canyon Golf Course, hiking trails, shopping and dining venues.

    Listed with Darrell Done, 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/!


  • Tue, 26 Jul 2016 11:02:00 +0000: $2,400,000 :: 1250 S Los Robles Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 2 part baths
    Home size: 3,358 sq ft
    Lot Size: 19,450 sq ft
    Added: 07/05/16, Last Updated: 07/26/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316006194
    Community: Pasadena (SE)
    Tract: NA648
    Status: Active


    Wonderful Craftsman built by renowned architect Elmer Grey in 1913 situated on a sprawling lot boasts luxurious upgrades throughout, while complimenting the original character of this picture perfect home. Meticulously maintained, this light and bright home features three generously sized bedrooms, an office, and four bathrooms. Formal living room displays a marble fireplace and expansive windows overlooking the saltwater pool. Formal dining room features French doors and a butler's pantry. Gourmet kitchen and sunny family room located in the back of the home, overlook the pool house, perfect for entertaining. Eat-in kitchen boasts granite counters, walk-in pantry, Wolf & Subzero appliances, breakfast area, high-end finishes, custom cabinetry & more. The grand foyer and wrap around staircase lead you to the second level with upstairs laundry. Master suite boasts large dressing room. Fine interior appointments include original hardwood flooring, recessed lighting, custom wood molding & casework, high ceilings, marble finishes in the bathrooms, full copper plumbing, and dual zone air conditioning. Two-car detached garage and pool house in the back of the home. Additional amenities include two basements and a Pebble Tec salt water pool.

    Listed with Jayne Parsons (w/ Brian Parsons), Keller Williams 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/!


  • Tue, 26 Jul 2016 11:02:00 +0000: $419,000 :: 465 S LOS ROBLES Avenue , Unit 12, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 919 sq ft
    Lot Size: 0 sq ft
    Added: 07/01/16, Last Updated: 07/26/16
    Property Type: Residential, Condominium
    MLS Number: 16140166
    Community: Pasadena (SE)
    Status: Active


    Location, Location, Location. Close to the Paseo and Old Town, easy commute to CalTech and Pasadena City College. Two bedroom, two bathroom condo in best area of the complex overlooking the pool. Bright open living/dining area with slider that leads to large balcony. Good size bedrooms with new carpet, ceiling fans and blinds. Two full bathrooms. Newer HVAC (installed in 2013). Needs updating so bring your creative ideas because this location cannot be beat. This can be a showplace. Comes with one covered parking space with above storage. Complex recently installed new plumbing throughout. Low HOA Dues. Agents: please read private remarks.

    Listed with Thomas Alexander, Alexander Premier 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/!


  • Tue, 26 Jul 2016 10:29:00 +0000: $779,000 :: 1205 Leonard Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,600 sq ft
    Lot Size: 7,324 sq ft
    Added: 07/25/16, Last Updated: 07/26/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316007025
    Community: Pasadena (NE)
    Tract: NA646
    Status: Active


    Sparkling, pristine home with great curb appeal, in sought-after Upper Hastings Ranch. 3 bedrooms, 1.75 baths. Light-filled living room, family room, dining area, master suite, large kitchen and breakfast nook. Central heating and air conditioning, freshly painted inside and out; bamboo flooring in all areas except bathrooms, and marble flooring in the bathrooms; updated galley-style kitchen with new countertops and backsplash, dishwasher, stainless steel sink, faucet, cabinet hardware, and garbage disposal; and updated bathrooms with new bathroom sinks, fixtures, countertops, vanities, and low-flow toilets. Lovely and spacious front and back yards, with lush lawns and shade trees. Two-car garage with newer sectional garage door and automatic opener. Long and wide concrete and brick trimmed driveway for plenty of guest parking. Great location. Close to neighborhood park, great shopping, restaurants, entertainment, public libraries, and public transportation including Gold Line. Within highly-acclaimed Don Benito Elementary School boundaries. Upper Hastings Ranch is one of the few true neighborhoods'' in Pasadena, with block parties, picnics, pancake breakfasts, and famous Holiday Light-Up. Many long-term homeowners, and a great place to li

    Listed with Carol Lollich, Concierge for Homes


    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/!


  • Tue, 26 Jul 2016 10:29:00 +0000: $399,000 :: 238 S Arroyo , Unit 203, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 708 sq ft
    Lot Size: 33,874 sq ft
    Added: 07/15/16, Last Updated: 07/26/16
    Property Type: Residential, Condominium
    MLS Number: 316006739
    Community: Pasadena (SW)
    Tract: NA647
    Status: Active


    Priced to Sell! Newer Contemporary Loft-style condo located at the prestigious The Dalton complex of Pasadena. Shopping, restaurants, and retail stores are conveniently nearby, quick access to the 110 freeway and the Del Mar Metro Gold Line. It's only walking distance to Old Town Pasadena and Paseo Mall. This unit is a perfect live/work space for professional and personal lives. This styled LOFT features 1 baths and one parking space combining for approx. 708 square feet of living space (per builder's profile). This unit also has direct access to the community courtyard, which is perfect for relaxing with your family. The oversized walk-in closet has built in wood shelving to maximize the space. The laundry area is available in the walk-in closet. The property also features high ceilings, central A/C, vinyl plantation shutters and easy to maintain dark wood floors throughout. The open kitchen is well appointed with stainless steel appliances as well as Caesar stone countertops.

    Listed with Hercules Goes (w/ Yoke Chin), Keller Williams 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/!


  • Tue, 26 Jul 2016 10:29:00 +0000: $2,995,000 :: 1215 Parkview Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 2 part baths
    Home size: 3,229 sq ft
    Lot Size: 19,121 sq ft
    Added: 07/05/16, Last Updated: 07/26/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316006270
    Community: Pasadena (NW)
    Tract: NA645
    Status: Active


    This cape cod home in Linda Vista has sweeping views of the San Gabriel Mountains, Brookside Golf Course, and the Rose Bowl. The library has large siting area and custom, built-in wood paneled cabinets. The den has doors that lead you to the newly landscaped backyard with pool, spa, patios, and new pergola.Fire pit perfect for those cool night. The living room has wood burning fireplace with built-in book shelves, and custom wood shutters. The gourmet kitchen includes updated cabinets, new tile floors, granite counter tops,Thermador stove Thermador dishwasher. It also has a Large GE monogram refrigerator as well as a built-in oven with microwave. The French doors open out to the patio for your outdoor entertaining. The spacious Master has cathedral ceilings and a seating area for relaxing while looking out to beauty. The master bath has custom cabinet with granite counters. Large shower with tub. The 2 other rooms have cathedral ceiling and panoramic views. Adjacent bath custom cabinet with large shower. Downstairs bedroom has it private bath an amble closet space.

    Listed with Rose Orlandini, 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/!


  • Tue, 26 Jul 2016 09:58:00 +0000: $359,000 :: 170 N Sierra Bonita Avenue , Unit 3, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 661 sq ft
    Lot Size: 0 sq ft
    Added: 07/25/16, Last Updated: 07/26/16
    Property Type: Residential, Condominium
    MLS Number: PW16162378
    Community: Pasadena (SE)
    Status: Active




    Listed with John Carmody, Re/Max Big Bear


    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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