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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:

  • Thu, 27 Aug 2015 22:58:00 +0000: $499,000 :: 1097 Blanche Street, Unit 112, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 full baths
    Home size: 1,023 sq ft
    Lot Size: 38,497 sq ft
    Added: 08/25/15, Last Updated: 08/27/15
    Property Type: Residential , Condominium
    MLS Number: TR15188202
    Community: Pasadena (NW)
    Status: Active


    Beautiful multilevel condo in prime Pasadena location. Includes sliding doors that leads to a private patio with a corner fireplace and newly updated kitchen. With spacious suites and private bathrooms this is a sought after condo. Thanks and happy hunting!!

    Listed with Shengli Ge, Kingston 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/!


  • Thu, 27 Aug 2015 22:22:00 +0000: $549,000 :: 995 East Maple Street, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,100 sq ft
    Lot Size: 5,085 sq ft
    Added: 08/27/15, Last Updated: 08/27/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315008738
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    Status: Active


    Beautiful, totally remodel and well-maintained single family house within walking distance to metro station at Lake Ave and only five-minutes driving distance to Old Town Pasadena and Caltech. Central air conditioning with extra big room in the newly remodel attic can use as a den/bedroom or children play room. Modern Kitchen and bathrooms. Beautiful large back yard with huge wooden deck and detached two-car garage. This house is perfect for people who want to own a property in Pasadena with a great backyard for family and friends to gather and no expensive HOA fees. Very quiet inside the house when you close the front door. RM48 zoning can rebuild up to 5 units, or just simply add another unit on top of the detached garage, please verify with City Pasadena.

    Listed with Powai Wong, 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/!


  • Thu, 27 Aug 2015 21:37:00 +0000: $678,000 :: 931 East Walnut Street, Unit 103, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 1,440 sq ft
    Lot Size: 0 sq ft
    Added: 07/16/15, Last Updated: 08/27/15
    Property Type: Residential , Condominium
    MLS Number: WS15154987
    Community: Pasadena (SE)
    The price of this listing was last reduced on 8/4/2015 by 2%
    Status: Active


    This is a gorgeous contemporary luxury condominium built in 2007 located in the heart of Pasadena. This stylish condo feature approximately 1,440 square feet, 2 bedrooms, 2 1/2 bathrooms, and an office room. Offering contemporary design in a sophisticated and chic urban setting, this spacious middle unit boasts a large master bedroom with walk-in closet and private balcony, an expansive living space featuring an open kitchen with breakfast bar, dining area, living room, and a balcony overlooking East Walnut Street. Other features include designer window coverings, upgraded granite counter tops, designer backsplash, stone tiled bathrooms, central heat and air conditioning, and in-unit washer and dryer. Building amenities include a large courtyard with lush landscaping, BBQ, fountain, and fireplace; a great club room for entertaining or studying; and a premier fitness center. Appliances Include Kitchen Aid stainless steel refrigerator & stainless steel stove & Whirlpool Duet Series washer and dryer. This property is widely desired for its central location just blocks from the Gold Line, groceries, dining, theaters, the South Lake shopping district, and more. Pet-friendly association, and two assigned parking spots make this a must-see unit!

    Listed with Ken Khy, RE/MAX ADVANCED 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/!


  • Thu, 27 Aug 2015 21:17:00 +0000: $398,000 :: 64 North Mar Vista Avenue, Unit 118, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 890 sq ft
    Lot Size: 72,745 sq ft
    Added: 08/01/15, Last Updated: 08/27/15
    Property Type: Residential , Condominium
    MLS Number: AR15168684
    Community: Pasadena (SE)
    Status: Active


    This 2 bed room 2 bath condominium is ideally located in the heart of bustling Pasadena. The unit has a newly updated kitchen with new premium quartz counter tops, stainless steel appliances, two bedrooms with new carpets, 2 bathrooms with new tile tubs, premium pergo brand wood flooring through out the living and dining area, on-site laundry and a dining bar which is perfect for entertaining friends and family. There is a spacious balcony patio with a gorgeous landscape view as well as extra storage space extending out from the living room area. As part of The Meridian, this unit is in a gated complex which includes access to a pool, spa, billiard lounge, and fitness center. There are two parking slots in the gated subterranean parking lot, and plenty of street parking. Water and gas is included in HOA dues. Walking distance from PCC, Cal Tech, many restaurants, and shops. It has easy access to the 210 freeway and Metro Gold line. This unit is one block away from the Rose Parade.

    Listed with Yuanyuan Cheng, Long Dragon Realty 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/!


  • Thu, 27 Aug 2015 21:15:00 +0000: $749,000 :: 1635 North Catalina Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,564 sq ft
    Lot Size: 6,105 sq ft
    Added: 08/07/15, Last Updated: 08/27/15
    Property Type: Residential , Single Family Residence
    MLS Number: AR15173795
    Community: Pasadena (NE)
    Status: Conditional


    Craftsman living at its best, a 3 bedroom 1/4 bathroom home in the heart of the Historic Highlands Pasadena. A short search on social media will give you a nice run down of one of the most pleasant communities in all of southern California. The home itself is one of the few intact examples of a 1915 Craftsman in the district.... original Kitchen cabinetry, original moldings and charm. When Gustav Stickley wrote of the calming nature of the home, I think he had this house in mind. My heart and pulse slowed down as I entered a room that is used as a library ... peace... calm.... who needs a spa? A step into the back of the home and you are in your own private oasis; complete with swimming pool. It is hard to believe you are a short drive to the Huntington Gardens, The Norton Simon museum or a short walk to Lavender and Lace coffee shop.

    Listed with Frank Ferguson (w/ James Ferguson), Keller Williams Market Center


    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/!


  • Thu, 27 Aug 2015 18:50:00 +0000: $798,500 :: 2354 East Dudley Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,971 sq ft
    Lot Size: 6,788 sq ft
    Added: 07/30/15, Last Updated: 08/27/15
    Property Type: Residential , Single Family Residence
    MLS Number: CV15167310
    Community: Pasadena (NE)
    Status: Active


    Immaculate, beautiful and completely remodeled TURNKEY spacious home, In the prestigious city of Pasadena. Features 4 bedrooms, 2 upgraded bathrooms, large living room. Enjoy the cozy fireplace in the living room. Beautiful kitchen with Jennair appliances with cozy nook area. Large master bedroom. Entrance has dual beautiful french doors with custom stained glass. New cement driveway that leads to garage in rear of home. Close to stores, parks, schools, downtown Pasadena and fwy.

    Listed with Kenneth Nelson, EXECUTIVE CAPITAL 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/!


  • Thu, 27 Aug 2015 18:22:00 +0000: $694,000 :: 120 Marion Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 1,346 sq ft
    Lot Size: 9,006 sq ft
    Added: 08/27/15, Last Updated: 08/27/15
    Property Type: Residential , Townhouse
    MLS Number: WS15190364
    Community: Pasadena (SE)
    Status: Active


    As beautiful inside as it is outside, this Craftsman style home is located in a highly desirable area of Pasadena. This remodeled and updated property features 3 beds 3 baths with 1346 sq ft of living space. The interior features an open floor plan, new hardwood floors throughout, neutral colors, and lots of natural light. The spacious living room has a cozy fireplace, architectural wood beam ceiling, and a nice view of the front porch. The bright and updated kitchen features custom cabinets, beautiful Quartz countertop with tile back splash, stainless steel appliances, and a large size Apron style sink. Master bathroom has his and her vanity. Additional features includes central A/C and heat, fresh interior/exterior paint, skylight in the dining area, 2 cars garage, and a drought tolerance front yard landscape with plenty of space to entertain. Conveniently located near Pasadena City College (PCC), Cal Tech, Old Town Pasadena, and 210 freeway. There are 3 houses on this lot with no HOA fee. Don’t miss this great opportunity. We invite you to come and fall in love.

    Listed with Shun Zhang, RE/MAX 1000 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/!


  • Thu, 27 Aug 2015 17:57:00 +0000: $450,000 :: 1275 Summit Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,123 sq ft
    Lot Size: 9,932 sq ft
    Added: 08/26/15, Last Updated: 08/27/15
    Property Type: Residential , Single Family Residence
    MLS Number: AR15189367
    Community: Pasadena (NW)
    Status: Active


    Wonderful 2 bedroom/1bath fixer on a HUGE lot in lovely Pasadena, close to the Rose Bowl. There's 1,123 sq. ft. of living space that includes a fireplace in the living room, formal dining area, and a separate laundry room off the kitchen. Large backyard for barbecues, parties, family gatherings, or even expanding, imagine all the possibilities. Turn this fixer into a dream home.

    Listed with Cynthia Mitchel, 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/!


  • Thu, 27 Aug 2015 17:28:00 +0000: $828,000 :: 110 Backus Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 2,548 sq ft
    Lot Size: 10,545 sq ft
    Added: 08/27/15, Last Updated: 08/27/15
    Property Type: Residential , Single Family Residence
    MLS Number: AR15190230
    Community: Pasadena (SE)
    Status: Active


    Rare to find a Spacious One Story Home Completely Tastefully Rebuilt in 2009, Located in a Convenient location near Metro Station and Shoppings. in addition to the 4 Bedrooms there is a Bonus room currently used as 5th bedroom, High Quality features including Granite Counter Tops, Tumbled travertine, Glass Tiles, Premium Laminate Flooring, Stainless Steel Appliances, Spa Tub, Berber Carpeting, Stacked Stone Fireplace,Tile Roof, Sizable front yard with palm trees greeting to Unique front porch leads to a Large Living Room and open Dinner Area next to Funtional Kitchen, Large Laundry Room with Cabinet Counter,Spacious Family room open to Generous Back Yard with covered patio, 2 Car Garage plus single Carport/Patio and many open spaces for more parking, minutes drive to PCC and Cal Tech

    Listed with Angela Yen, 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/!


  • Thu, 27 Aug 2015 17:28:00 +0000: $1,249,000 :: 1425 Lida Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,969 sq ft
    Lot Size: 9,396 sq ft
    Added: 08/16/15, Last Updated: 08/27/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315008326
    Community: Pasadena (NW)
    Tract: Na645 (NA645)
    Status: Active


    Rose Bowl adjacent 3 bedroom 2 bathroom pool home. Journey a few blocks and stand above the Rose Bowl. Enjoy your short travel on beautiful tree lined streets in this delightful west side/Linda Vista location. Upgrades made ensure your enjoyment of this fine character home, it shows over 1950 sqft yet lives like 2500 sqft. Bonus rooms, pool/changing rooms, formal dining room, enormous kitchen with island and more, large family area opens to outdoor entertaining, the master bedroom also opens to yard, pool and spa. Try Brookside for golf , nearby tennis, aquatic center or old town Pasadena for shopping, fine dining, entertainment and culture. Try a nice jog, mountain biking, hiking or fishing in the vast offerings of the San Gabriel mountains. Location, location, location, you've heard it, now live it. Minutes from LA and more. Still time for BBQs, cool off in the pool and plan your 4th of July party for 2016, Rose Bowl = fireworks, swap meets, trade shows, sporting events and more.

    Listed with Kenneth Lamm, 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/!


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