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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:

  • Wed, 28 Sep 2016 09:47:00 +0000: $725,000 :: 2816 Heritage Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,686 sq ft
    Lot Size: 2,487 sq ft
    Added: 09/28/16, Last Updated: 09/28/16
    Property Type: Residential, Townhouse
    MLS Number: 316008747
    Community: Pasadena (NE)
    Tract: Not Applicable-646
    Status: Active


    A pretty two story townhome situated in the desirable California Rose Court home development. This home features: two story great room with walls of windows overlooking side and rear patios, updated kitchen has all appliances, new quartz countertops, abundant storage cabinets, and breakfast bar that opens to dining area and family room with oversized windows and recessed lighting. A convenient rear powder room with pedestal sink complete this level. Upstairs features three large bedrooms and two baths; including the master bedroom suite with vaulted ceilings, double sinks, updated bath/shower, walk-in closet and large windows and balcony overlooking the front of the house. Convenient upstairs laundry hook-ups. The inviting wrap-around patio with wood fence is perfect for BBQ and outdoor relaxation.

    Listed with Brent Chang (w/ Ann Gluck), COMPASS


    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/!


  • Wed, 28 Sep 2016 09:47:00 +0000: $935,000 :: 145 Anita Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,589 sq ft
    Lot Size: 6,499 sq ft
    Added: 09/25/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316008844
    Community: Pasadena (SW)
    Tract: Not Applicable-647
    Status: Active


    Handsome West San Rafael Modern Home.This is a handsome mid-century up-slope ranch house conveniently located in the west San Rafael hills community. It is minutes from the Colorado Bridge, Old Pasadena and the 134 Freeway which takes you everyplace else. Anita Drive has three good sized bedrooms plus a family room adjoining the living room and rear yard. The living room is well lit with natural light through many windows, plus it's got a gas and wood burning fireplace. There is a formal dining area steps to and from a spacious and bright kitchen with many built-ins. One kitchen door opens to a front deck and the other door leads to the rear yard. Hardwood floors in living, dining and two bedrooms. tile in family room This hill home has views of the San Gabriel Mountains from inside, the front deck and rear yard. There is a large backyard for BBQ and outdoor living, dining and entertainment. The yard has a play court that can be utilized or changed out for drought resistant plantings. There is a two-car side-by-side parking garage on the street level. Call your agent, or call your client for a first look.

    Listed with Dominic deFazio (w/ Hem-young deFazio), 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/free-home-search/!


  • Wed, 28 Sep 2016 09:23:00 +0000: $475,000 :: 409 Adena Street , Unit 4, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 1,330 sq ft
    Lot Size: 7,505 sq ft
    Added: 07/13/16, Last Updated: 09/28/16
    Property Type: Residential, Townhouse
    MLS Number: SR16152606
    Community: Pasadena (NE)
    The price of this listing was last reduced on 9/28/2016 by 2%
    Status: Active


    BOM! Don't miss out on this this Amazing Craftsman style tri-level townhome, located in the historic Garfield Heights neighborhood of Pasadena. This 2br/2.5ba home features a spacious living room with a slate fireplace, hardwood floors on the main floor, crown moldings, base boards, dual paned windows and recessed lighting. The gourmet kitchen is equipped with granite counters, slate backsplash and flooring, stainless steel appliances that includes refrigerator, microwave, dishwasher and range, a wine rack, Shaker style maple cabinets and breakfast bar. The upper level includes dual Master Suites with ceiling fans, each containing full baths, Carrara marble counter tops and hex tile flooring. One of the Master Suites has french doors that lead out to a private balcony. The unit has direct access to a 2 car garage which includes a laundry area. The property is located minutes away from the Rose Bowl, Old Town Pasadena, shopping and restaurants. Hurry before it's too late!

    Listed with Erik Cabral, Pinnacle Estate 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/!


  • Wed, 28 Sep 2016 09:07:00 +0000: $988,800 :: 970 N Hastings Ranch Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,923 sq ft
    Lot Size: 7,212 sq ft
    Added: 09/12/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: AR16200298
    Community: Pasadena (NE)
    The price of this listing was last reduced on 9/27/2016 by 5%
    Status: Active


    Location-Location-Location...This beautiful hard to find updated home is located in one of the most sought out neighborhood of Pasadena, upper Hastings Ranch. This home has a great open floor plan and lots of natural light and great view of the pool from most rooms. All updates have been well thought to make this house a perfect home to enjoy the indoor and outdoor living. The large family room has lots of windows and a sliding door opening to the back yard with a great view of the pool and spa. Other features are living room with wood burning fireplace, large formal dining room, large breakfast nook area off the kitchen, large bedrooms, a large master bedroom suite with his and her closets, beautifully updated kitchen & bathrooms with plenty of custom cabinets and quartz counter tops, new Samsung stainless steel appliances, Farmhouse stainless sink, new wood flooring, custom carpet in bedrooms, crown moldings, recessed lighting, all new lighting and plumbing fixtures, central A/C, custom paint, professional landscaping, automatic sprinkler, Malibu Light, and more......The attached garage has ample closets and cabinets for storage. This home is your perfect dream home!

    Listed with Mandy Alavi, Red Door 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/!


  • Wed, 28 Sep 2016 08:51:00 +0000: $715,000 :: 1494 El Sereno Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    5 beds, 2 full baths
    Home size: 1,520 sq ft
    Lot Size: 7,000 sq ft
    Added: 09/14/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: CV16702053
    Community: Pasadena (NW)
    Status: Active


    Double door entry, 1520 sqft of living area, 5 bedrooms / 2 bath, gable roof construction built in 1980. Nice deep 7000 sqft lot, large backyard, with ample room for a growing family. Two car detached garage and driveway for extra parking, stucco construction, tile floors, central heating. Very private yet close to everything..

    Listed with SALVADOR ARMIJO, CARNAVAL 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/!


  • Wed, 28 Sep 2016 07:47:00 +0000: $599,000 :: 3801 Elma Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,177 sq ft
    Lot Size: 4,312 sq ft
    Added: 09/27/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316008954
    Community: Pasadena (SE)
    Tract: Not Applicable-648
    Status: Active


    Let the Sunshine In! This Fantastic 1920's California Home Features a Great Floor Plan, Plenty of Windows, Beautiful Hardwood Floors, Ample Living Room with Wood Burning Fire Place, Family Room with French Door that opens to the Backyard Bistro Patio. Kitchen with Dining Area and Nice View of Back Yard & Patio. Master Suite has plenty of Closet Space and 3/4 Bath, Bedrooms are Bright and Airy. Front Yard is Landscaped and the Rear Yard is Ready for You to Create Your Own Private Oasis. 2 Car Garage.

    Listed with Kimberly Martinez, Keller Williams Real Estate Se


    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/!


  • Wed, 28 Sep 2016 06:03:00 +0000: $1,398,800 :: 1390 N Arroyo Boulevard, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 2,510 sq ft
    Lot Size: 14,597 sq ft
    Added: 09/27/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316008927
    Community: Pasadena (NW)
    Tract: Not Applicable-645
    Status: Active


    Charming Storybook brick Cottage with Guest House, on E. bank of the Arroyo with easy access to the Rose Bowl. Main house has 3 bd/2ba. Unique detailed windows,lighting & woodwork. French doors open to courtyards and patios with fountains. The remodeled kitchen features Wolf, Subzero, Fisher/Paykell Appliances,custom tiles, cabinets & honed stone counter tops. Bathrooms feauture two claw foot tubs and marble. Both houses have natural stone fireplaces,copper gutters,hard wood floors. Guest house has vaulted wood ceilings and it's own courtyard and fountain. Numerous trees and shrubs grace the gardens. This special property is perfect for Cozy outside gatherings.

    Listed with Pia Margit Arrobio, Podley 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/!


  • Wed, 28 Sep 2016 06:03:00 +0000: $879,000 :: 780 N ALLEN Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 1 part baths
    Home size: 2,259 sq ft
    Lot Size: 8,029 sq ft
    Added: 09/20/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: 16164300
    Community: Pasadena (NE)
    Status: Active


    Spanish home with attached Guest unit - The main house at 1,537sq ft has 3 Bedrooms and 2 Bathrooms with the permitted 688sq ft extra unit having 1 Bed and 1 Full Bath plus Kitchen and living area - The guest unit is perfect for in laws,guests,creative space, or as a separate rental income apartment with it's own front entrance. The main house built in 1926 is carefully maintained with original Spanish architecture and charm. Original wood floors and windows. The recently remodeled modern kitchen open's to the dining/living area and features Carrara Marble counters and custom soft close cabinets with under lighting ... it's move in ready with huge potential to personalize it,plus it's a great neighborhood.

    Listed with Roger Drakes, Keller Williams Larchmont


    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/!


  • Wed, 28 Sep 2016 06:03:00 +0000: $525,000 :: 464 WESTGATE Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,105 sq ft
    Lot Size: 3,916 sq ft
    Added: 09/20/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: 16164054
    Community: Pasadena (NW)
    Status: Active


    Come home to this amazing home nestled among the trees on this lovely tree lined street. You'll always have something to do when your new home is so close to so many amazing attractions like Old Town Pasadena, the Rose Bowl and tons of hiking trails. On those cool nights enjoy a stroll on the tree-lined streets winding throughout the beautiful neighborhood down to the Rose Bowl and many nearby parks. When it's time to unwind in your amazingly bright and airy new home, you'll feel right at home relaxing in the cozy roomy living room. The home boasts both a front and back yard perfect for pets or kids. Enjoy the outdoors and fresh air on your large balcony over looking your private back yard. Conveniently located near the 210 freeway for easy access to Pasadena, LA, or the valley. This great home has a ton of potential by simply removing two interior walls will open up and change the entire feel of this home. In this newly attractive neighborhood this one is sure not to last.

    Listed with Shane Dailey (w/ Sadat Dottie Kham), Cal Mutual 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/!


  • Wed, 28 Sep 2016 05:55:00 +0000: $7,990,000 :: 1199 S El Molino Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    6 beds, 7 full baths
    Home size: 8,742 sq ft
    Lot Size: 50,949 sq ft
    Added: 09/27/16, Last Updated: 09/28/16
    Property Type: Residential, Single Family Residence
    MLS Number: AR16711922
    Community: Pasadena (SE)
    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. Sun room, 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. Current owner spend near one million dollars for the upgrades. A must see property!

    Listed with Peter Cheng, IRN 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/!


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