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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, 09 Feb 2016 17:03:00 +0000: $1,225,000 :: 884 Old Mill Road, Pasadena CA, 91108 - Pasadena Home Search
    Property Photo



    5 beds, 1 full, 1 part baths
    Home size: 2,771 sq ft
    Lot Size: 5,197 sq ft
    Added: 02/09/16, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316001242
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    Status: Active


    Delightful two-story, English cottage located on a wide, beautifully tree-lined street in the Old Mill district of Pasadena.1926 built, wonderful architectural details abound. The formal entry has a handsome staircase with a wrought iron banister. The light infused living room has gleaming hardwood floors, lovely windows, high ceiling and an attractive fireplace. The formal dining room is spacious with pretty vistas through the many multi-paned windows. Freshly painted with lots of storage, the functional kitchen, separate breakfast room and laundry room offer many possibilities. There are two bedrooms down with one three/quarter bath and three bedrooms, one full bath, a sewing room and roof top deck up. The hedged front patio, shaded by a large Deodar, has seen many gatherings from birthday to cocktail parties over the years and is a wonderful spot to get-together with family and friends.

    Listed with Robin Stever, 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, 09 Feb 2016 16:53:00 +0000: $1,449,000 :: 3785 Ranch Top Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 1 full, 3 part baths
    Home size: 2,596 sq ft
    Lot Size: 12,046 sq ft
    Added: 02/09/16, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316001244
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    Status: Active


    Inspired by its mid-century roots, this stunning remodel, meticulous in execution, has transformed what was a piece of architectural history into a modern marvel of aesthetics & design. Perched on the foothills of the San Gabriel Mountains with valley views, this Upper Hastings home is a masterpiece of form, finish, & lifestyle. No corner left untouched & no detail neglected, the scope of this remodel is exceptional with integral systems, structure, floor plan, INT/EXT finishes & landscaping all upgraded & enhanced. This home features new custom european cabinetry, quartz countertops, designer appliances/fixtures, oversized kitchen island with breakfast bar, oak wood floors, couture bathroom design, energy efficient windows/, new INT/EXT doors/hardware, new roof & electrical systems, new copper plumbing & sewer system, new HVAC system, powder bath, & an open, modern floor plan flowing seamlessly between rooms & into the backyard with grass, manicured landscape & pool.

    Listed with James Peddie (w/ David Peddie), 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, 09 Feb 2016 16:53:00 +0000: $809,000 :: 242 South Berkeley Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 part baths
    Home size: 2,075 sq ft
    Lot Size: 5,902 sq ft
    Added: 12/03/15, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: 315011587
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    The price of this listing was last reduced on 2/9/2016 by 2%
    Status: Active


    Discover this lovely English architectural character home with all the modern amenities near Caltech & the Huntington Library area. The Kitchen has beautiful custom cabinetry, marble counters & updated stainless steel appliances. The home offers 3 Bedrooms plus an office/sun room & 2 bathrooms. The Living room has a gorgeous fireplace, coved ceilings & arched doorways. The Dining Room is charming. There is Newer Wood flooring throughout the house with Updated Central Air Conditioning and Heating systems. There is a storage basement & a large hobby studio/office off the garage, too! There is professional landscaping in front & back. This is a Wonderful home to entertain in with Built-In sitting areas & decking. There is a Double Detached Garage attached to the Studio. What a lovely home to come home to & share with your friends and family!

    Listed with Ann-Marie Villicana, 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, 09 Feb 2016 16:53:00 +0000: $525,000 :: 1285 Fay Place, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,141 sq ft
    Lot Size: 3,405 sq ft
    Added: 02/09/16, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316001253
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    Status: Active


    Welcome to this picture-perfect house that sits at the end of an idyllic private cul-de-sacthe charming and desirable Fay Place. This two bedroom, one bath 1,141 square foot (as measured) home, built in 1926, has been freshly painted so as to invite you in with its character details and light-filled rooms. The kitchen has new flooring, hex tiles, an antique, restored stove, built-in bookcases with a breakfast nook and an attached pantry plus a separate laundry or utility room. In addition, there is a formal dining room as well as a remodeled bath that marries our modern amenities with the grace of the period when it was built. The interior has touches from the arts and crafts movement including Batchelder tile, recessed niches, hand molded custom arched doors and coved ceilings. Don't miss this gem!

    Listed with Dhari Thein, 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/!


  • Tue, 09 Feb 2016 16:27:00 +0000: $399,000 :: 217 South Marengo Avenue, Unit 301, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 540 sq ft
    Lot Size: 0 sq ft
    Added: 02/09/16, Last Updated: 02/09/16
    Property Type: Residential , Condominium
    MLS Number: CV16026980
    Community: Pasadena (SE)
    Status: Active


    Cinema Lofts offers an opportunity for small scale loft living in Pasadena. This is an update corner third floor unit southwest corner of Cordova. Sleek lines enhance the modern architecture of the complex which was built in 2008. It offers an open single level floor plan with high ceilings, with concrete floors with private balcony to view the mountain and the city lights of Pasadena. The interiors are enhanced by European-styled cabinetry, mosaic tile accents in the bathroom and quartz counter tops in the kitchen. It includes stackable washer/dryer, and stainless steel appliances. Despite the small size, the floor plans have a much larger feel. The location is a short distance to multiple freeways as well as the Gold Line light rail station at Del Mar. There are abundant shopping, dining, entertainment and cultural options nearby including Old Pasadena, Paseo Colorado, Playhouse District, South Lake Avenue and Civic Center.

    Listed with Mel Macklin, HOMESMART PROFESSIONAL PARTNER


    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, 09 Feb 2016 15:51:00 +0000: $1,438,000 :: 3784 Sycamore Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 3 full, 1 part baths
    Home size: 3,022 sq ft
    Lot Size: 12,210 sq ft
    Added: 02/01/16, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: WS16020451
    Community: Pasadena (SE)
    Status: Active


    Property located in Pasadena quiet street and convenience location, close to Arcadia Lower Ranch, supermarkets, restaurants & shopping centers, easy access to fwy 210. 3,022 Sf of 2 story home on 12,210 square feet of lot, offers a newer circular driveway, open floor plan and modern life style comforts, bright & airy, total of 4 bedrooms & 4 baths (with permit), content 3 suits, One master bedroom plus 1 bedroom/1 baths on first floor, spacious master bedroom and 4th bedroom located on 2nd floor, interior features: Family room with high ceiling, French door lead to the back yard, lovely living room w/ fireplace, sophisticated light fixtures, skylights, double pane windows, plantation shutters, new wood & carpets flooring, new kitchen cabinet, marble counter top, stove, range hood, refrigerator, wine cooler & washer/dryer, new remodeled bathrooms with new cabinet/counter/faucets/sinks/shower/tubs/floor/ lighting fixtures, private landscaped park like backyard with statues and water ponds. ( Extra large ) 2 car garage with ( extra space ) could be used as (3rd car parking space and storage. )

    Listed with Rose Kuo, KO TAI 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, 09 Feb 2016 14:49:00 +0000: $855,000 :: 480 West Claremont Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 3 full, 1 part baths
    Home size: 2,081 sq ft
    Lot Size: 11,005 sq ft
    Added: 12/11/15, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: SR15261301
    Community: Pasadena (NW)
    Status: Active


    Welcome to this beautiful custom single level residence offering and ample 2,100 square feet of true attention to detail and elegant design sitting on a robust 11,005 square foot lot Located just blocks away from the Rose Bowl, Brook-side Golf Course, and 210 Freeway. As you enter into your future residence you will experience the abundance of natural light reflected into the light colored wood floors and the ample family/Living room beautifully adorned by the charming gas and wood burning fire place. Make your way into the gourmet kitchen with an ample layout, custom cabinets, stainless steel appliances, and built in wine bottle holder specially designed to host all of your family gatherings and events. Enjoy and relax in your oversize grand master bedroom with large walk in closet and tastefully done master bathroom. Lose your breath as the French doors of your TV/Theater room lead you into and overwhelmingly large and professionally landscape yard, ready to entertain year round numerous family members and guests all at once. Numerous details are left out of these descriptive lines and can only be appreciated in person, so stop by today!

    Listed with David Prieto, A-Team Realty, 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/!


  • Tue, 09 Feb 2016 14:45:00 +0000: $775,000 :: 1163 Steuben Street, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,641 sq ft
    Lot Size: 6,783 sq ft
    Added: 02/09/16, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: MB16027127
    Community: Pasadena (SW)
    Status: Active


    Pasadena fixer! When opportunity knocks...! Development opportunity!! Located in the RM-48 Zoning District. Investor Special!! This spacious California Bungalow has 3 bedrooms & 2 baths and original hardwood floors throughout. Plenty of original charm! Large open living room leads into the dining area. Open kitchen with plenty of cabinetry. Long driveway with plenty of space for parking, leads to a detached 2 car garage & a spacious yard at rear. LOCATION! LOCATION! Located in the South Lake community of Pasadena. 3 blocks to the south = Cal Tech (CA Institute of Technology), 3 blocks to the east = (PCC) Pasadena Community College, 1 block north = Green St, 2 blocks north = Colorado Blvd and 4 blocks west = Lake Ave. This prime location puts you in walking distance to a plethora of shops, world famous restaurants, an amazing night life & much more! The Metro Gold Line Lake Station is .6 mi away. Walking distance to many metro local bus lines incl: 687/686/256/267/264/177/180/181/187/780 & more. WalkScore® is a whoppin' 92 = "Walker’s Paradise" & a Biker’s Paradise w/a BikeScore® of 91= "Flat as a pancake, excellent bike lanes." Here's your opportunity to own a GEM in a highly coveted community at an amazing price!! Property sold 'as-is.'

    Listed with Jennifer Avellan, KELLER WILLIAMS REALTY DOWNEY


    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, 09 Feb 2016 14:39:00 +0000: $1,028,000 :: 706 East California, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 1,808 sq ft
    Lot Size: 2,710 sq ft
    Added: 08/28/15, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: 15936813
    Community: Pasadena (SE)
    Status: Active


    THIS HOME IS A WORK OF ART. TWO STORY SPANISH-MEDITERRANEAN REVIVAL IN MADISON HEIGHTS AREA. SITUATED ON AN ENCHANTING UNIQUE PRIVATE LANE KNOWN AS ARBOLEDA WITH 12 HOMES DEVELOPED IN THE 1920'S. THREE BEDROOMS THREE BATHS WITH TWO UPDATED DOUBLE SINK BATHROOMS UPSTAIRS. BALCONIES, LARGE LIVING ROOM WITH FIREPLACE, DINING ROOM, DOWNSTAIRS POWDER ROOM, DEN/OFFICE WITH BUILT-IN BOOKSHELVES AND CABINETS. UPDATED KITCHEN WITH DINING AREA, CENTRAL AIR/HEAT, HARDWOOD FLOOR THROUGHOUT, UPDATED PLUMBING AND ELECTRICAL. PATIO AREA WITH SPA/JACUZZI, 1 CAR GARAGE PLUS A PARKING SPACE IN FRONT OF THE HOUSE. MUST SEE THIS LOVELY HOUSE!

    Listed with Charles Picker, I.X.A.


    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, 09 Feb 2016 14:30:00 +0000: $798,000 :: 525 Castano Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,285 sq ft
    Lot Size: 9,517 sq ft
    Added: 01/22/16, Last Updated: 02/09/16
    Property Type: Residential , Single Family Residence
    MLS Number: BB16013985
    Community: Pasadena (NE)
    Status: Active


    DAISY VILLAS home, completely remodeled featuring 2 bed, 2 bath + bonus room, 2 car garage on a 9517 corner lot. Kitchen features soft close cabinets, stainless steal appliances including range, microwave and dishwasher as well as beautiful quartz countertops. Central HVAC and new electrical. Energy efficient windows. Refinished hardwood floors throughout. Master suite. Upgraded copper plumbing under entire house. Large back yard. Come see this beautiful home!

    Listed with Eric Benz, 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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