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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:

  • Mon, 28 Jul 2014 12:42:00 +0000: $769,000 :: 1092 North Vinedo Avenue, Pasadena CA, 91107 - Pasadena Home Search
    3 beds, 1 full, 1 part baths
    Home size: 1,675 sq ft
    Lot Size: 7,024 sq ft
    Added: 07/28/14, Last Updated: 07/28/14
    Property Type: Single Family, Residential
    MLS Number: 214028697
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Charming East Pasadena Traditional 3+2 completely renovated & expanded. Wood floors, bright kitchen w/ breakfast counter open to family room. Master suite w/ walk-in closet, built-in outdoor BBQ, 2 car garage, fire sprinklers & central HVAC. Close to Farmer''s Market, minutes to Metro Goldline and freeways. This home has it all!

    Listed with Armen Sarkissian, 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, 28 Jul 2014 12:14:00 +0000: $715,000 :: 133 South Los Robles Avenue, Unit 404, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,126 sq ft
    Lot Size: 1,126 sq ft
    Added: 07/17/14, Last Updated: 07/28/14
    Property Type: Condominium, Residential
    MLS Number: 214027366
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Experience breathtaking views of surrounding environment while feeling the pulse of the city. Live in a building that expresses the evolution of Pasadena architecture. Every detail has been considered to provide for elegant modern living. This unit features a kitchen that opens to a dining area and family room with sliding glass doors that open to a private patio. Master bedroom with a private bathroom and walkin closets. Second bedroom and second bathroom off the hallway. Stackable ventless washer/dryer in closet. Additional features include Cat 6 wiring throughout, free wi-fi, all common walls are double insulated, full granite backsplash and countertops, Frigidaire gallery appliances, Italian custom cabinetry, Hansgrohe~~ faucets, dimmers in all rooms, recessed ceiling lighting, polished concrete floors and more. Don''t miss out on this amazing opportunity, over 75% sold!

    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!


  • Mon, 28 Jul 2014 12:13:00 +0000: $649,000 :: 133 South Los Robles Avenue, Unit 406, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 988 sq ft
    Lot Size: 988 sq ft
    Added: 07/17/14, Last Updated: 07/28/14
    Property Type: Condominium, Residential
    MLS Number: 214027406
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Experience breathtaking views of surrounding environment while feeling the pulse of the city. Live in a building that expresses the evolution of Pasadena architecture. Every detail has been considered to provide for elegant modern living. This wonderful unit features a spacious open kitchen and family room with a dining area. Two bedrooms with a shared bathroom. Stackable ventless washer/dryer in closet. Additional features include one assigned parking space, Cat 6 wiring throughout, free wi-fi, all common walls are double insulated, full granite backsplash and countertops, Frigidaire gallery appliances, Italian custom cabinetry, Hansgrohe~~ faucets, dimmers in all rooms, recessed ceiling lighting, polished concrete floors and more. Don''t miss out on this amazing opportunity, over 75% sold!

    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!


  • Mon, 28 Jul 2014 12:13:00 +0000: $715,000 :: 133 South Los Robles Avenue, Unit 304, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,126 sq ft
    Lot Size: 1,126 sq ft
    Added: 07/16/14, Last Updated: 07/28/14
    Property Type: Condominium, Residential
    MLS Number: 214027236
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Experience breathtaking views of surrounding environment while feeling the pulse of the city. Live in a building that expresses the evolution of Pasadena architecture. Every detail has been considered to provide for elegant modern living. This unit features a kitchen that opens to a dining area and family room with sliding glass doors that open to a private patio. Master bedroom with a private bathroom and walkin closets. Second bedroom and second bathroom off the hallway. Stackable ventless washer/dryer in closet. Additional features include Cat 6 wiring throughout, free wi-fi, all common walls are double insulated, full granite backsplash and countertops, Frigidaire gallery appliances, Italian custom cabinetry, Hansgrohe~~ faucets, dimmers in all rooms, recessed ceiling lighting, polished concrete floors and more. Don''t miss out on this amazing opportunity, over 75% sold!

    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!


  • Mon, 28 Jul 2014 12:11:00 +0000: $629,000 :: 133 South Los Robles Avenue, Unit 408, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 part bath
    Home size: 932 sq ft
    Lot Size: 932 sq ft
    Added: 05/02/14, Last Updated: 07/28/14
    Property Type: Condominium, Residential
    MLS Number: 214017158
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Experience breathtaking views of surrounding environment while feeling the pulse of the city. Live in a building that expresses the evolution of Pasadena architecture. Every detail has been considered to provide for elegant modern living. This bright unit features an open kitchen and living area with sliding glass doors to a private patio. Private bedroom. Bathroom with two sinks, walk-in closet and closet with a stackable ventless washer/dryer. Additional features include Cat 6 wiring throughout, free wi-fi, all common walls are double insulated, full granite backsplash and countertops, Frigidaire gallery appliances, Italian custom cabinetry, Hansgrohe~~ faucets, dimmers in all rooms, recessed ceiling lighting, polished concrete floors and more. Don''t miss out on this amazing opportunity, over 75% sold!

    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!


  • Mon, 28 Jul 2014 12:10:00 +0000: $613,000 :: 133 South Los Robles Avenue, Unit 307, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 part bath
    Home size: 939 sq ft
    Lot Size: 939 sq ft
    Added: 01/16/14, Last Updated: 07/28/14
    Property Type: Condominium, Residential
    MLS Number: 214002348
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    The price of this listing was last reduced on 4/4/2014 by 1%
    Status: Active


    Experience breathtaking views of surrounding environment while feeling the pulse of the city. Live in a building that expresses the evolution of Pasadena architecture. Every detail has been considered to provide for elegant modern living. This bright unit features an open kitchen and living area with sliding glass doors to a private patio. Private bedroom. Bathroom with two sinks, walk-in closet and closet with a stackable ventless washer/dryer. Additional features include Cat 6 wiring throughout, free wi-fi, all common walls are double insulated, full granite backsplash and countertops, Frigidaire gallery appliances, Italian custom cabinetry, Hansgrohe~~ faucets, dimmers in all rooms, recessed ceiling lighting, polished concrete floors and more. Don''t miss out on this amazing opportunity, over 75% sold!

    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!


  • Mon, 28 Jul 2014 11:46:00 +0000: $949,000 :: 2440 Las Lunas Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 2,114 sq ft
    Lot Size: 8,410 sq ft
    Added: 07/28/14, Last Updated: 07/28/14
    Property Type: Single Family, Residential
    MLS Number: AR14159789
    Community: Pasadena Ne
    Status: Active


    Stunning English Tudor located in the heart of Pasadena. This character home boasts a living room with fireplace, open beamed ceiling, wood floors and a floor to ceiling bay window, perfect for placing the Christmas tree. The formal dining room is spacious with wood flooring, crown molding, and wainscoting. The kitchen has a breakfast area with built-ins, coved ceilings and granite countertops. There are three large bedrooms, with ceiling fans, plus an enclosed sun room/office. There are two baths, central air and heat and a California basement. The private back yard is an entertainers dream with many fruit trees, vintage brick BBQ, a water fountain and shaded sitting areas. The 2 car garage is finished and has lots of room for storage.

    Listed with Tim Cragoe, Re/Max Premier Prop Arcadia


    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, 28 Jul 2014 11:39:00 +0000: $960,000 :: 3645 CARTWRIGHT ST, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 1 part baths
    Home size: 1,931 sq ft
    Lot Size: 8,269 sq ft
    Added: 07/27/14, Last Updated: 07/28/14
    Property Type: Single Family, Residential
    MLS Number: 14779091
    Community: Pasadena Ne
    Status: Active


    First Showing: Thursday, July 31. Broker''s Open 10-2. Popular Upper Hastings Ranch. Move-in Condition. Open floor plan with contemporary styling. Beautifully updated and expanded 4 bedrooms, 3 baths. All new cook''s kitchen with eco-friendly "quartzite" kitchen counter tops. Energy efficient lighting throughout. New dual-glazed low-e windows. Low water consumption plumbing fixtures. All new construction is CalGreen compliant. Large family room. 2 fireplaces. Wood floors. Private yard. Detached 2 car garage.

    Listed with Maryann Kuk, Housing Solutions 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, 28 Jul 2014 11:33:00 +0000: $480,000 :: 516 North Michigan Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 996 sq ft
    Lot Size: 7,296 sq ft
    Added: 07/01/14, Last Updated: 07/28/14
    Property Type: Single Family, Residential
    MLS Number: 214024714
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Sweet Spanish adjacent to Bungalow Heaven and on a tree lined street. The living room opens to a dining room/family room. Two bedrooms are off the dining room with a full bath between them. The sunny kitchen opens to the laundry room with an exterior door to the rear yard. Outside, the yard is spacious with a one car detached garage. The house has hardwood floors, a basement, and crawl space. See zoning.

    Listed with Pat Lile (w/ Del Lile), 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, 28 Jul 2014 11:21:00 +0000: $795,000 :: 1524 North Grand Oaks Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,642 sq ft
    Lot Size: 7,224 sq ft
    Added: 05/19/14, Last Updated: 07/28/14
    Property Type: Single Family, Residential
    MLS Number: 214019524
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Light, through windows doeth shine, Bouncing off colors & possibilities. But oh! To live here! Wood floors welcome, Bathtubs beckon, Fireplaces glow, Fresh roses from the garden, To my Lady bestow. Camelot? I think not, But Grand -- indeed. Grab thy steed and come see The fairest of the fair on Grand Oaks Avenue! Journey back; find your solitude; find your space.

    Listed with Dick Davis, Cornerstone Real Estate 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!


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