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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, 24 Apr 2024 07:56:00 +0000: $2,795,000 :: 1530 Lancashire Place, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,407 sq ft
    Lot Size: 16,466 sq ft
    Added: 04/24/24, Last Updated: 04/24/24
    Property Type: Single Family
    MLS Number: 24382741
    Community: Pasadena (NW)
    Status: Active


    Welcome to 1530 Lancashire Place! This fabulous Pasadena mid-century is located at the end of a peaceful cul-de-sac, in the heart of the prestigious Linda Vista neighborhood. Built in 1964, this home was thoughtfully reimagined and remodeled in 2008 to create the most efficient use of space within the existing footprint, while highlighting original features. Note the stunning exterior stone accent wall that seamlessly continues inside the entryway. The communal areas favor an open floor plan with a spacious kitchen, breakfast nook, formal dining room, and living room. There are four bedrooms, one currently used as den/guest room and three more located off a privacy wing. Two spacious bedrooms share a dedicated Jack and Jill bath. The primary bedroom enjoys a walk-in closet, ensuite bath, and French doors to the backyard. The designed focus and flow connect all interior spaces to the palatial backyard. Handcrafted double sliders lead you to a variety of outdoor living spaces. Enjoy the intimate covered porch, dine under the pergola-covered patio, play games on the grass or sports court, take a dip in the saltwater pool, or relax on the poolside deck. All are perfectly situated for the California climate, welcoming the morning sun and relaxing afternoon shade. Anchored by proximity to the iconic Rose Bowl, and surrounding parks, enjoy the wealth of easy access to a wide range of cultural and community events, from football to the flea market to summer music festivals all within the neighborhood! This remarkable home is made for comfortable living and entertaining. The seamless nature of the home's indoor and outdoor spaces give it a sweeping and expansive look and feel. Truly the ultimate space to enjoy the Southern California lifestyle.

    Listed with Kristin Fox CalDRE: 01506245 | 626-399-2246, 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, 24 Apr 2024 05:30:00 +0000: $4,788,000 :: 3585 Locksley Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 5 baths
    Home size: 4,255 sq ft
    Lot Size: 49,894 sq ft
    Added: 02/09/24, Last Updated: 04/24/24
    Property Type: Single Family
    MLS Number: TR24026276
    Community: Pasadena (SE)
    Status: Active


    Welcome to the gorgeous Chapman Woods neighborhood of Pasadena. This Monterey Colonial estate is enhanced by beautiful 1.14 flat acre of land with tremendous curb appeal. It has exquisite details both inside and out. Every room has high ceilings and crown moldings. Perfect floor plan. Formal living room with fireplace, formal dining room, large family room. Gourmet kitchen with massive island and an exquisite Wine Cellar. A den downstairs can also be used as a 5th bedroom. The 2nd level has a Master Suite with beautiful View and large balcony, along with other 3 bedrooms and 2 bathrooms.The spacious backyard has a swimming pool, Jacuzzi and various flowers and fruit trees. You could also design and build another house on the backyard. This elegant property offers a wonderful place for family and friends to entertain that cannot be missed! Professional photos will be uploaded soon. Property is temporarily on Hold due to cleaning and painting inside.

    Listed with Libby Gong CalDRE: 01867322 | 909-948-3772, Pinnacle Real Estate Group


    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, 23 Apr 2024 17:49:00 +0000: $1,699,000 :: 1571 Rose Villa Street, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 2,047 sq ft
    Lot Size: 12,690 sq ft
    Added: 04/22/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: P1-17359
    Community: Pasadena (SE)
    Status: Active


    Welcome to this beautiful three bedroom, two bath 2,047 square foot, 1926 English on one of the area'smost sought-after streets. The gracious residence, nestled in the historic Rose Villa-Oakdale LandmarkDistrict, is filled with the unparalleled artistry and quality of the period. The home welcomes you in via awide front porch that steps up into a gorgeous living room with a magnificent Palladian window as wellas a coved ceiling that leads your eye to the impressive Batchelder style fireplace. In addition, there is astately formal dining room, a light and bright kitchen, a lovely breakfast room, as well as a separatelaundry or mud room. The three spacious bedrooms include a primary bedroom, with an attachedbonus space that would be ideal to use as a sitting room or office offering views of the expansive rearyard. Other details include gleaming hardwood floors, 1920s hardware, rich, hand-carved wood work,French doors and so much more. The interior is a seamless marriage of elegance and extraordinarycraftsmanship.The exterior of the house exhibits picture-perfect curb appeal with its tall, gabled roof and verdant lawnall on a picturesque, tree-lined street that epitomizes the best of Pasadena living. Additionally, the large12,690 square foot lot, with mature trees and a detached two car garage, offers limitless possibilities alljust blocks from world renowned Caltech, Pasadena City College, South Lake Avenue and all thewonderful shops and restaurants that surround the area. Don't miss this idyllic property in one of ourmost coveted neighborhoods. It is truly a delight to behold!

    Listed with Dhari Thein CalDRE: 01403784 | (626) 437-7414, 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/!


  • Tue, 23 Apr 2024 17:37:00 +0000: $10,800,000 :: 1445 Edgecliff Lane, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    8 beds, 9 baths
    Home size: 7,335 sq ft
    Lot Size: 172,232 sq ft
    Added: 04/23/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: AR24081454
    Community: Pasadena (NE)
    Status: Active


    Beautiful house with a panoramic priceless view of the city and Los Angeles. Single story house with high ceilings throughout. This house is one of a kind, too many features to list. Also, property includes a 3 bedroom and 1.5 bath guest house which has its own gated privacy. Main house has a finished basement with over 3000 square feet additional space.

    Listed with John Keshishian CalDRE: 01313311 | 626-433-3252, John Keshishian, BROKER


    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, 23 Apr 2024 17:02:00 +0000: $1,370,000 :: 155 Cordova Street #203, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 2,000 sq ft
    Lot Size: 16,353 sq ft
    Added: 04/20/24, Last Updated: 04/23/24
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS24079064
    Community: Not Defined
    The price of this listing was last reduced on 4/23/2024 by 1%
    Status: Active


    This beautiful 2 bed, 2 bath condominium is located in the upscale Terra Bella in the heart of Pasadena. Situated on the second floor, this elegant unit provides the feel and privacy of a single-family home, while the Terra Bella boasts the amenities of a luxury hotel with gym, spa and pool on the rooftop. The inside of the unit is lined with crown molding, recessed lights granite counter tops, and maple engineered hardwood floors. The picturesque great room features a lovely electric fireplaces, the exquisite kitchen features granite countertops, Italian cabinets, and Viking Professional appliances. The large master bedroom includes a walk-in closet and a charming fireplace along with a full en-suite bathroom with a walk-in shower, a spa bathtub, and heated marble tile flooring. There are multiple custom-built accessories though out.

    Listed with Irene Wan CalDRE: 01179295 | 626-292-7880, Irene Wan, Broker


    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, 23 Apr 2024 17:01:00 +0000: $1,400,000 :: 936 Roxbury Drive, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,614 sq ft
    Lot Size: 7,676 sq ft
    Added: 04/22/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: P1-17362
    Community: Pasadena (NE)
    Status: Active


    Stunning 1930's brick Traditional located in coveted Northeast Pasadena just minutes from East Washington Village, Eaton Canyon Nature Reserve, hiking trails, Hastings Ranch shopping, and Old Pasadena.This picture-perfect charmer is just the home you have been waiting for - from the beautiful neighborhood location with sidewalks, old fashioned lamp posts, and stunning mountain views, to the pride of ownership and professionally designed landscaped gardens. This lush and peaceful property features multiple areas for entertaining and relaxing, including two pergola covered patios, a separate outdoor dining area, a spa, a plethora of established fruit trees, and a separate 254 sq. ft. (taped) air conditioned flex room. This home truly has it all!Period details and gleaming hardwood floors throughout create a warm and inviting home that offers the sophistication for entertaining friends and family, and also the warmth for relaxing after a long day at work. The floor plan highlights a formal living room with Dutch door, a gorgeous fireplace & mantel, gleaming Oak floors, a built-in bookcase, dual paned windows, a coffered ceiling, and a French door leading out to a cozy and private side covered patio. There is a formal dining room and a dreamy sunny kitchen with separate breakfast room that has been thoughtfully updated with tile floors, counters, and high end stainless Viking Professional appliances. There are 3 well-proportioned bedrooms, including an ensuite, all with ample storage, and a pristine hall bath with period tile, a pedestal sink, tub, and separate shower. Additional highlights include; original doors and hardware, antique punch button light switches, custom window coverings throughout, a laundry room, newer forced heat & A/C, solar tubes, fans, driveway gate, and a detached garage. Also located in close proximity to the Pasadena Roseway Bicycle Route, Victory Park, the Metro Gold Line, Alice's Dog Park, Los Angeles County Arboretum, and freeway access.Don't miss this opportunity to create a home 'Where Your Home Happens.'

    Listed with Cynthia Cohn CalDRE: 01329698 | (626) 714-6808, Cynthia Cohn & Associates, 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, 23 Apr 2024 14:35:00 +0000: $950,000 :: 620 N Chester Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,222 sq ft
    Lot Size: 7,454 sq ft
    Added: 04/16/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: P1-17273
    Community: Pasadena (NE)
    Status: Conditional


    First time on the market in over 60 years, this one-story, front-gabled Craftsman bungalow in Crawford's Vista Historic District is a contributing structure built in 1914. This single-level home is attributed to Pasadena builder and designer Sherman Seeds (1865-1957), who came to Pasadena from Kansas in about 1905. The spacious front yard with a porch welcomes you to the interior with an open living and dining room area. Both bedrooms are located on one side of the home and connected by a full bath. The kitchen has lots of cabinetry and is adjacent to the full-size laundry room with a second full bath. Mostly in original condition, there is lots of opportunity to reimagine the living space with your vision and taste. This home is an excellent candidate for major property tax savings through the Mills Act. Relax and enjoy the California weather with the expansive flat backyard with a grass area and a playhouse. The detached, two-car garage located in the rear with a long driveway and gate can be an ADU or workshop. Located north of the 210 freeway and close to numerous shopping, dining, entertainment, and recreation including Old Town Pasadena, South Lake Business District, Caltech, and The Huntington Library.

    Listed with Michael Bell CalDRE: 01164731 | (626) 796-4100, Sotheby's International 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, 23 Apr 2024 11:46:00 +0000: $10,495,000 :: 1215 Wentworth Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    8 beds, 10 baths
    Home size: 12,250 sq ft
    Lot Size: 48,975 sq ft
    Added: 03/25/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: 24370153
    Community: Pasadena (SE)
    The price of this listing was last reduced on 4/23/2024 by 5%
    Status: Active


    Situated on a tranquil tree-lined street in one of the most desirable neighborhoods in Pasadena sits this one-of-a-kind estate known as Lunkenheimer House, by architect J.J.Blick. Offering both privacy and convenience, this gated home is surrounded by tall hedges and welcomes you to a sprawling lawn surrounded by Oak and Palm Trees and features an elongated driveway. Set on a 1.12-acre lot and offering over 12,000 square feet of living, the home is an entertainer's paradise. Welcoming you with a dramatic entry that features 17th Century Chinese fretwork swinging doors, discover the spacious interiors that are flooded with natural light from the many windows throughout. The interiors combine historic charm with updated finishes, including mahogany wood paneling, original doors with brass hardware, built-ins and pocketed doors throughout. Ideal for hosting get togethers, the living room is a delightful escape, featuring an originally restored Grueby tile wood burning fireplace with original copper hood and oak mantel and baseboards. The heart of the home is the gourmet kitchen that includes Brazilian brown granite countertops, copper sink, Mahogany built-ins and a full Butler's pantry equipped with a large sink, dishwasher, warming drawers and plenty of counter space. Offering eight bedrooms, each designed with comfort in mind, the primary suite is a true retreat, featuring soaring 12' ceilings, a Marble enclosed gas fireplace, unique built-in art niches above mantel, and large walk-in closet with built in cedar lined shelves. The beautiful outdoor living includes a stunning saltwater pool, spa, outdoor patio area, Koi pond with waterfall and built-in planters around. Not to be overlooked, the grounds also include a guest house, 924sf basement, fully finished attic, playroom/study space and so much more. This estate is a true gem with ample opportunities and the chance to call your own!

    Listed with Joshua Altman CalDRE: 01764587 | 310-819-3250, Douglas Elliman of California, 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, 23 Apr 2024 11:18:00 +0000: $1,849,000 :: 437 N Summit Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    6 beds, 4 baths
    Home size: 2,990 sq ft
    Lot Size: 9,270 sq ft
    Added: 03/20/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: GD24055814
    Community: Pasadena (NW)
    Status: Active


    The Blair House 1912, by Pasadena builder Harry O. Clarke. A California Craftsman that has been sensitively updated by the current owners to enhance the best of the original building with quality improvements for today's lifestyle. Featuring 2,990 square feet of living space with six bedrooms and four baths sited on a 9,269 square foot lot highlighted by a sparkling pool and spa. The recently rebuilt garage can be used for entertaining, office space or converted to an ADU. In 2016 the foundation was seismically upgraded. Gleaming with history and passionate craftsmanship throughout, the City of Pasadena has determined that the Blair House is a contributor to the Raymond-Summit National Register Historic District. Convenient to schools, the Arroyo Seco, Old Pasadena, The Rose Bowl and Downtown Los Angeles. A very unique opportunity to be the next steward of this superb historical home. Make sure to check out the home biography!

    Listed with Ara Keshishian CalDRE: 01866459 | 818-795-9054, 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/!


  • Tue, 23 Apr 2024 10:02:00 +0000: $2,995,000 :: 478 Ellis Street, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 5 baths
    Home size: 3,773 sq ft
    Lot Size: 10,703 sq ft
    Added: 01/20/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: P1-16269
    Community: Pasadena (SW)
    Status: Conditional


    This exceptional contemporary architectural Craftsman home is in the desirable South Grand area of Pasadena. Upon entering the home one is immediately impressed with the materials and design elements used in this unique build. From lighting, woodworking and trim finish, windows and smart systems, this home has no equal. Beyond the living room and parlor with its fireplace is a large formal dining area with custom built-ins. The gourmet chef's kitchen with ample center island is adjacent to the generous family/media room with fireplace and a gaming/piano area. There are also two bedrooms and three baths on this floor, including two en-suites. Upstairs is a true master retreat with sitting area, fireplace, bath with spa tub, outdoor balcony, and an adjacent studio/office with its own private kitchenette. The finished basement can be used as an office, studio, or gym. An elevator accesses all three levels. Indoor-outdoor entertaining is by design with multiple French doors and deck areas leading to the rear hardscape, gardens, and fountains. There is a finished two-car garage to the rear with a Murphy bed and an additional bath. This unique property is located in the shadows of the Pasadena Tournament House and is convenient to Old Pasadena shopping and restaurants.

    Listed with Kevin Bourland CalDRE: 01486389 | (213) 407-4754, 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/!


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