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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, 02 Aug 2021 15:55:00 +0000: $825,000 :: 958 E Claremont Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 876 sq ft
    Lot Size: 4,356 sq ft
    Added: 08/01/21, Last Updated: 08/02/21
    Property Type: Single Family
    MLS Number: PW21164600
    Community: Pasadena (NE)
    Status: Active


    Located in Bungalow Heaven Historic Neighborhood, Charming Storybook Bungalow built 1917, Ideally situated on a Corner Lot, Welcoming Half Octagon Front Porch and imitation Thatched Roof, 2 Bedroom, 1 Bathroom, Original Built-ins in the Dining Room and Bookcases nestled around the Fireplace in the Living Room. Large Private Walled-in Patio accessed through French Doors in Living Room, Hardwood Floors in Living and Dining Rooms, Updated Bathroom, Washer/Dryer, Newer HVAC Split System, Exterior Paint, and Drought Tolerant Landscaping currently being updated...

    Listed with Conrad Rodriquez CalDRE: 01211458, Berkshire Hathaway H.S.C.P.


    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/!


  • Mon, 02 Aug 2021 15:49:00 +0000: $678,000 :: 221 S Oak Knoll Avenue #304, Pasadena CA, 91101 - Pasadena Home Search
    2 beds, 2 baths
    Home size: 1,130 sq ft
    Lot Size: 0 sq ft
    Added: 08/02/21, Last Updated: 08/02/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-5995
    Community: Pasadena (SW)
    Tract: Not Applicable
    Status: Active


    Sophisticated top floor single-level south facing condominium with views and a modern open floor plan is centrally located in Pasadena's desirable Playhouse District. High ceilings welcome you upon entry to this recently updated residence where the open kitchen with gas stove, living room with fireplace and dining area all combine providing ample room to entertain. Two bedrooms, each with walk-in closets, are on opposite sides providing for maximum privacy. Master bedroom with en suite bath opens to the over-sized patio with city and treetop views making it an ideal retreat and place to grow your favorite plants. Other amenities include 2 side-by-side parking spaces in a gated subterranean garage, pool and earthquake insurance. This wonderful building with serene courtyard is near most of Pasadena's best attractions making it one not to be missed.

    Listed with Micah Lachtman CalDRE: 01754602, Coldwell Banker 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/!


  • Mon, 02 Aug 2021 14:24:00 +0000: $799,000 :: 985 N Michillinda Avenue #201, Pasadena CA, 91107 - Pasadena Home Search
    2 beds, 3 baths
    Home size: 1,411 sq ft
    Lot Size: 17,860 sq ft
    Added: 08/02/21, Last Updated: 08/02/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: SR21169289
    Community: Pasadena (NE)
    Status: Active


    Stunning Mediterranean Villa located in popular northeast Pasadena with high end finishes that offer the best amenities for modern living. Open Courtyard. Two bedrooms, three bathrooms, dining room & a stunning gourmet kitchen with elegant granite countertops, Jenn-Aire stainless appliances & custom cabinetry, rich cherry wood hardwood floors throughout. In addition, there are high ceilings with crown moldings, 9 ft. recessed ceilings. Bathrooms detailed with slate/tiled showers including a Jacuzzi tub in the master suite. Enjoy the view on the private patio with French doors or stay in & enjoy the surround sound system and fireplaces in the living & master bedroom. The complex has a pedestrian security gate w/closed circuit cameras & subterranean parking with two assigned spots & additional storage area. Near Eaton Canyon hiking trails and golf course, Sierra Madre village,Old Town Pasadena, shopping, markets, and dining.

    Listed with Gary Keshishyan CalDRE: 01276434, 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/!


  • Mon, 02 Aug 2021 12:45:00 +0000: $3,850,000 :: 1234 Linda Ridge Road, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 6 baths
    Home size: 3,783 sq ft
    Lot Size: 26,572 sq ft
    Added: 08/02/21, Last Updated: 08/02/21
    Property Type: Single Family
    MLS Number: TR21169170
    Community: Pasadena (NW)
    Status: Active


    This award-wining Hagy Belzberg architect designed home has spectacular views of the San Gabriel Mountains, the Rose Bowl and the Arroyo Seco. The home features 3783 square feet of loft living with a chef’s kitchen, 4 bedrooms, 6 bathrooms and a 3 car garage. Windows/doors face north offering premium light throughout the day. Nestled on over ½ acre with decks and patios with unparalleled views of the Rose Bowl Fireworks on July 4th.The top floor is an open floor plan with over 10 foot tall ceilings a gas fireplace and Fleetwood sliding doors/screens. The kitchen has a Thermador range, SubZero refrigerator, Miele dishwasher and a large baking cabinet/pantry behind concealing doors.3 bedrooms on the middle level offer private bathrooms featuring white Porcelanosa tile. The master bedroom has his and her bathrooms (one with a large soaking tub), a large walk-in closet and a vanity. The lowest level has a studio apartment with kitchenette, ¾ bath, walk-in closet and a private patio.EPT of Pasadena designed the landscaping which blooms all white. The house is surrounded by oak and pepper trees as well as drought tolerant and native California landscaping.This home was the November 2, 1997 cover story of Los Angeles Times Magazine and has been featured in The New York Times and Vogue Living.This home is located in Linda Vista and can be purchased with an adjoining home on an over ¾ acre lot located at 1220 Linda Ridge Road.

    Listed with Jonathan Minerick CalDRE: 01523060, Homecoin.com


    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/!


  • Mon, 02 Aug 2021 12:14:00 +0000: $1,875,000 :: 1220 Linda Ridge Road, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,700 sq ft
    Lot Size: 38,769 sq ft
    Added: 08/02/21, Last Updated: 08/02/21
    Property Type: Single Family
    MLS Number: TR21169143
    Community: Pasadena (NW)
    Status: Active


    Beautiful mid-century modern, architect designed home on over 3/4 acre lot with panoramic views of the San Gabriel Mountains and the Arroyo Seco. Large patios surround the house providing spectacular views of the Rose Bowl fireworks on July 4th.A 200 foot long private driveway lined with Italian Cypress trees is the entrance to the home. Designed by Leland Evison and built in 1948. The home has the architect's signature brick fireplace/ hearth and windows in the living/dining room overlooking the view and a large patio. The home is nestled into the hillside and is surrounded by a mature Aleppo Pine tree and draught tolerant plants.Eat-in kitchen with pantry and laundry. 3 bedrooms with 1 and 1/2 baths. 2 car carport with electric car charging station. Lot can accommodate a pool or ADU. The home can also be purchased with an adjoining home located on over a 1/2 acre at 1234 Linda Ridge Road.Located in Linda Vista on the west side of the Rose Bowl provides easy access to the Rose Bowl/ Aquatic Center, Old Pasadena and Downtown Los Angeles.

    Listed with Jonathan Minerick CalDRE: 01523060, Homecoin.com


    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/!


  • Mon, 02 Aug 2021 10:20:00 +0000: $1,098,000 :: 1390 N Hill Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,250 sq ft
    Lot Size: 7,406 sq ft
    Added: 11/11/20, Last Updated: 08/02/21
    Property Type: Single Family
    MLS Number: CV20237458
    Community: Pasadena (NE)
    Status: Active


    Prime location, beautiful house in Pasadena. First time in the market in over 35 years. Perfect house for a large family and possible additional income, attached 1 bed / 1 bath with separate entrance. Or you can connect easily to the front house to make it total of 4 bed. and 3 bath. 2,250Sq ft. From the main entrance you walk into a high ceiling living room to an open floor plan. Spacious master bedroom with walk-in closet and a spacious master bathroom. One of the bedrooms is converted to laundry room which you can keep or convert back to a bedroom. Long concrete driveway for ample parking. Garage is being used as a game room now. Covered barbeque area in the backyard and plenty of room for entertaining. Do not miss out on this opportunity to live in this desired neighborhood! This beautiful home is waiting for its new owner it is in exhalant condition and move in ready. Close to local family owned eateries and grocery stores. Must See!

    Listed with HASMIK AYVAZIAN CalDRE: 01813456, REALTY ONE GROUP MASTERS


    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/!


  • Mon, 02 Aug 2021 09:48:00 +0000: $830,000 :: 165 N Sierra Bonita Avenue #4, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,240 sq ft
    Lot Size: 1,743 sq ft
    Added: 07/30/21, Last Updated: 08/02/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: IV21167395
    Community: Pasadena (SE)
    Status: Active


    Welcome to the Ivy Townhomes! These beautiful and newly constructed townhomes are ideally situated in the heart of Pasadena. Don't miss the opportunity to own one of these large 2 bedroom 2 1/2 bath homes that feature an open living space with a separate living and dining area on the main floor. In addition to the oversized island, there are generous countertops and brand new stainless steel appliances in the kitchen area. Upstairs, there are two ensuite bedrooms which are filled with plenty of natural light and views all the way to the foothills of Pasadena. Each home comes with a private, attached 2-car enclosed garage with direct access to the unit. These beautiful homes are located a short distance from Pasadena City College, Cal Tech, The Rose Bowl, Rose Parade Route as well as all the fine Restaurants on Colorado Boulevard and Lake Avenue. These move-in ready homes won't last long!

    Listed with YI FANG PERRY CalDRE: 02014907, REALTY MASTERS & ASSOCIATES


    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/!


  • Mon, 02 Aug 2021 09:08:00 +0000: $3,689,000 :: 358 W Green Street #412, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 5 baths
    Home size: 3,947 sq ft
    Lot Size: 0 sq ft
    Added: 08/01/21, Last Updated: 08/02/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 21767592
    Community: Pasadena (SW)
    Tract: Villas and Terraces
    Status: Active


    50% SOLD!!! MODELS NOW OPEN. Terraces at The Ambassador Gardens is Set Amidst The More Than A Century Old Historic Ambassador Gardens and Is A Prestigious, Signature Address Right In The Heart Of Old Town Pasadena. Enhanced By Superb Modern Architecture By Renowned Beverly Hills Developer, ETCO Homes. Residents Are Immersed In Dramatic Open-Concept Livability That Encompasses A Collection of New Single-Level Flats & Townhomes of Approximately 2616 to 4430 Square Feet Of Luxury, With No Details Overlooked and The Finest Materials And Craftsmanship Employed. Fine Finishes Such as Caesarstone Countertops Throughout, Hardwood Flooring in Living Areas, Sub Zero and Wolf Appliances and Porcelain Tile Baths.

    Listed with Bree Long CalDRE: 01488287, Etco Homes 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/!


  • Sun, 01 Aug 2021 23:25:00 +0000: $2,590,000 :: 2235 Villa Heights Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,701 sq ft
    Lot Size: 64,034 sq ft
    Added: 08/01/21, Last Updated: 08/01/21
    Property Type: Single Family
    MLS Number: TR21168942
    Community: Pasadena (NE)
    Status: Active


    A rare opportunity! This iconic 1950 single level house built by Franz & Bjorkman & showcase angular & asymmetrical details that integrates the house with nature.It is sited on 1.47 Acres Lot.Located in a captivating wooden Glen & in the gated of Kinneloa Ranch,A private community.This home is perched high on the lot allowing views of city lights & verdant greenery from every room.The rear yard abuts the national forest with all it is splendor and added privacy. 4 bedrooms with 3 baths(one bedroom and one bath in the lower level).Intriguing windows including window seats to take advantage of the spectacular views of the valley below.Family room has walls of glass, built-in &access to summer room,Two Fireplaces and much more!

    Listed with Iris Li CalDRE: 02034631, Star Max 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/!


  • Sun, 01 Aug 2021 13:56:00 +0000: $3,100,990 :: 332 W Green Street #110, Pasadena CA, 91105 - Pasadena Home Search
    3 beds, 4 baths
    Home size: 3,945 sq ft
    Lot Size: 0 sq ft
    Added: 08/01/21, Last Updated: 08/01/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 21767596
    Community: Pasadena (SW)
    Tract: The Terraces at The Ambassador Gardens
    Status: Active


    Terraces at The Ambassador Gardens is Set Amidst The More Than A Century Old Historic Ambassador Gardens and Is A Prestigious, Signature Address Right In The Heart Of Old Town Pasadena. Enhanced By Superb Modern Architecture By Renowned Beverly Hills Developer, ETCO Homes. Residents Are Immersed In Dramatic Open-Concept Livability That Encompasses A Collection of New Single-Level Flats & Townhomes of Approximately 2616 to 4430 Square Feet Of Luxury, With No Details Overlooked and The Finest Materials And Craftsmanship Employed. Fine Finishes Such as Caesarstone Countertops Throughout, Hardwood Flooring in Living Areas, Sub Zero and Wolf Appliances and Porcelain Tile Baths.

    Listed with Bree Long CalDRE: 01488287, Etco Homes 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/!


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