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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, 25 Apr 2018 00:18:00 +0000: $639,900 :: 1770 NAVARRO Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,408 sq ft
    Lot Size: 9,881 sq ft
    Added: 04/24/18, Last Updated: 04/25/18
    Property Type: Single Family
    MLS Number: 818001891
    Community: Pasadena NW (645)
    Status: Active


    This California Craftsman Style Bungalow on a huge lot has endless possibilities and potential. Located on a tree lined street. Almost a century of history in this charmer is yours to create your perfect home. River rock lined stairs lead to a lovely front porch. Living room adorned with decorative Batchelder tiled fireplace. Attractive Ogee styled archway leads to formal dining room. 3 bedrooms on first level. Stairs leading to large bonus room with closets/storage. This room could be used as 4th bedroom. There is additional stand-up room in attic for conversion (check with city.) Washer and dryer hookups in kitchen. Hardwood floors. Some upgrades - copper plumbing and newer water heater. 2 car garage and carport. Separate bonus room (484 approx. sq. ft. not included in square footage) attached to garage, can be used as office, studio, hobby room, etc. Plumbing has been capped. Bonus room has own private yard. Conveniently located close to Shops, Restaurants, Transportation, Freeways, Old Town Pasadena, etc. Own a piece of Pasadena History!!!

    Listed with 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/free-home-search/!


  • Tue, 24 Apr 2018 22:52:00 +0000: $854,000 :: 3628 East DEL MAR Boulevard, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,316 sq ft
    Lot Size: 6,429 sq ft
    Added: 04/21/18, Last Updated: 04/24/18
    Property Type: Single Family
    MLS Number: 818001835
    Community: Pasadena SE (648)
    The price of this listing was last increased on 4/24/2018 by 0%
    Status: Active


    Pasadena single-story beauty features three bedrooms, two bathrooms and amazing curb appeal. Super inviting front porch. Spacious living room wired for surround sound with custom tiled fireplace, plantations shutters and recessed lighting. The formal dining room opens to the updated gourmet kitchen with granite counter-tops, custom cabinetry, stainless steel appliances and ample storage space. Master bedroom offers French doors that open to the private back patio. The additional bedrooms feature walk-in closets with built-ins and ceiling fan. Stackable laundry conveniently located in a hallway closet, central to all three bedrooms.

    Listed with Coldwell Banker Residential Brokerage


    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, 24 Apr 2018 22:47:00 +0000: $898,000 :: 1905 Casa Grande Street, Pasadena CA, 91104 - Pasadena Home Search
    3 beds, 3 baths
    Home size: 1,600 sq ft
    Lot Size: 6,101 sq ft
    Added: 04/24/18, Last Updated: 04/24/18
    Property Type: Single Family
    MLS Number: WS18094969
    Community: 646 - Pasadena (NE)
    Status: Active


    This is a newly renovated gracious Spanish home that has been modernized. New hardwood floors and paint throughout the house. The Spanish oak wood door open to an excellent floor plan. A modern kitchen, full sized bathroom, walk in closet, master bedroom and a marble finished tub. Located conveniently close to shops, banks, school and restaurant. Minutes away from PCC college and Old town Pasadena. A versatile floor plan and gracious presence, this home reflects the lifestyle of Pasadena.

    Listed with 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/!


  • Tue, 24 Apr 2018 22:47:00 +0000: $849,000 :: 1870 Paloma Street, Pasadena CA, 91104 - Pasadena Home Search
    3 beds, 1 bath
    Home size: 1,382 sq ft
    Lot Size: 10,557 sq ft
    Added: 04/24/18, Last Updated: 04/24/18
    Property Type: Single Family
    MLS Number: AR18095140
    Community: 646 - Pasadena (NE)
    Status: Active


    A Charming Craftsman Bungalow style home locate in the Pasadena Heights Landmark District, built in 1922, contains 1,382 sq ft of living space on a 10,558 sq ft lot with easy entrance down a long front driveway or through the alley in the rear. The home offers 3 bedrooms and 1 bath, living room with fireplace, separate dining room with original built-in cabinets ,bright kitchen that leads to the large back yard with fruit trees, flowers and boxed plants. Hardwood flooring throughout most of the home. The front porch allows for great views of the San Gabriel Mountains.

    Listed with 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, 24 Apr 2018 21:55:00 +0000: $829,000 :: 2871 Paloma Street, Pasadena CA, 91107 - Pasadena Home Search
    3 beds, 2 baths
    Home size: 1,496 sq ft
    Lot Size: 8,962 sq ft
    Added: 04/24/18, Last Updated: 04/24/18
    Property Type: Single Family
    MLS Number: WS18095112
    Community: 646 - Pasadena (NE)
    Status: Active


    This single story traditional home is located in a great area of NE Pasadena. Remodeled in 2013 with fresh coats of paint inside and out. New laminate wood floors in the bedrooms and spacious living room along with new tile flooring in the kitchen, formal dining room, and bathrooms. Out back is a covered patio leading to the detached 2 car garage in a large back yard. Within walking distance of multiple parks, including a dog park, local schools, and the library. Whole house water softener was installed in 2014. As an added bonus, it is located right by the end of the annual Rose Parade route for your viewing pleasure!

    Listed with 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/!


  • Tue, 24 Apr 2018 20:11:00 +0000: $3,259,000 :: 725 San Remo Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 6 baths
    Home size: 3,540 sq ft
    Lot Size: 17,694 sq ft
    Added: 12/11/17, Last Updated: 04/24/18
    Property Type: Single Family
    MLS Number: 817003077
    Community: 647 - Pasadena (SW)
    Tract: Not Applicable - 1007242
    The price of this listing was last reduced on 12/11/2017 by 3%
    Status: Active


    ****$100,000 Price Reduction**** Situated in the heart of Pasadena's San Rafael neighborhood, this dramatic home has been meticulously updated. The main house features 4 bedrooms, 5 bathrooms, gourmet kitchen with top of the line stainless steel appliances, and a beautiful dining room. the home also features a separate office or studio with a bathroom that opens to the pool area. Among the features are two fireplaces and a family room with french doors that open up to a back patio. the manicured grounds include a spa with waterfall and an amazing cabana with built in refrigerator, barbecue, heaters and a wet bar. Truly resort-like living at its best !

    Listed with Pacific Union International


    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, 24 Apr 2018 18:04:00 +0000: $589,000 :: 1299 Cordova Street #304, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,243 sq ft
    Lot Size: 20,414 sq ft
    Added: 04/23/18, Last Updated: 04/24/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS18094698
    Community: 699 - Not Defined
    Status: Active


    Welcome to the popular part of City of Pasadena. This rare, beautiful top floor, corner condo unit with lots of light was freshly remodeled. The rooms are efficient and generously sized. Both bedrooms has double closet with mirror doors and hardwood floor. Recessed LED lights are throughout living room. Bathrooms with new plumbing and new tub and shower. Completely new HVAC system built with City permit. You will not only enjoy the spectacular mountain and city view, but also quiet and easy access to South Lake Ave shopping, restaurants, the Gold Line, P.C.C., CalTech, and Grant Park (tennis & basketball courts, kids playground etc.). This unit has an almost 200 sqft covered patio, an open kitchen with new appliances, new cabinets, new counter and new sink, low HOA fees (included water and trash), laundry rooms, a community room, secured parking, and good storage. Come see it and you will love it! Don't miss the great opportunity to own this gorgeous one!

    Listed with 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, 24 Apr 2018 18:02:00 +0000: $499,000 :: 85 N Madison Avenue #45, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 805 sq ft
    Lot Size: 13,493 sq ft
    Added: 04/24/18, Last Updated: 04/24/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 818001889
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable - 1007242
    Status: Active


    Located in the Historic Barcelona, this bright, spacious, top floor, 1 bed/1 bath corner unit has beautiful northern and eastern mountain views. Lots of windows, high ceilings, hardwood floors and charming kitchen with stamped tin ceiling are just a few of the highlights. The bedroom is spacious with enough room for sitting area or office space. Great location located just steps to Old Town restaurants, movies, and shopping. Save on property taxes through the recently approved Mills Act designation. Must see!

    Listed with 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/free-home-search/!


  • Tue, 24 Apr 2018 17:50:00 +0000: $795,000 :: 1207 South ORANGE GROVE, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,429 sq ft
    Lot Size: 36,497 sq ft
    Added: 04/24/18, Last Updated: 04/24/18
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 18336822
    Community: Pasadena SW (647)
    Status: Active


    Fall in love with this designer done 2 BR 2 BA condo on prime Orange Grove Blvd in South West Pasadena. This beautiful unit features an open floor plan and has been thoughtfully renovated from top to bottom with no details spared. Curl up on the couch and snuggle by the fireplace while gazing out at the pine trees or prepare a wonderful dinner for your friends in the sleek and modern kitchen featuring stainless steel appliances and an Italian tile backsplash. The bedrooms are bright and spacious with dual closets. Feel like meeting up with friends for shopping and dining? You're just minutes away from all the fun in Old Town Pasadena! Pasadena isn't just a town it's a destination featuring, the Rose Bowl, the Pasadena Playhouse, Cal Tech, the Arroyo, and easy access to Downtown LA, Los Feliz, and Studio City with the 210, 134, 110 & 5 freeways all nearby. With two parking spaces and washer and dryer this is a smart purchase for the savvy buyer looking for a stylish condominium home.

    Listed with Keller Williams Realty Los Feliz


    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, 24 Apr 2018 17:47:00 +0000: $2,995,000 :: 700 S Orange Grove Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    5 beds, 4 baths
    Home size: 3,530 sq ft
    Lot Size: 11,384 sq ft
    Added: 08/28/17, Last Updated: 04/24/18
    Property Type: Single Family
    MLS Number: 817001548
    Community: 647 - Pasadena (SW)
    Tract: Not Applicable - 1007242
    Status: Active


    This gracious 1925 Italian Revival, known as the Booth House is situated on the iconic tree lined South Orange Grove Blvd. True to its classic design the entry hall is flanked by the living room on the right and the dining room on the left, presenting a wealth of charm and character. The living room opens to the music room and library with built-ins, fireplace and French doors opening to the outdoor patio. Designed by well-respected Architect Kenneth A. Gordon.It offers a handsome curved wrought iron staircase, arched doorways and many original fixtures, including tile flooring. The formal dining room opens to butlers pantry, morning room, kitchen and family room with French doors that open to the inner courtyard and pool area. .

    Listed with 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/!


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