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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, 04 May 2016 17:16:00 +0000: $748,000 :: 1657 East Orange Grove Boulevard, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 2,113 sq ft
    Lot Size: 14,080 sq ft
    Added: 04/22/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: AR16084416
    Community: Pasadena (NE)
    Status: Conditional


    MODERN 1917 BUNGALOW! FABULOUSLY LARGE LOT IN A FABULOUS LOCATION, NORTH PASADENA ADJACENT TO BUNGALOW HEAVEN AND OLD TOWN PASADENA! AMAZING OPPORTUNITY, FEATURING: 3 BEDS; 2 BATHS; 2113 SQUARE FEET OF OPEN LIVING SPACE; 14080 SQ FOOT LOT; ADORABLE PORCH; FORMAL GRAND ENTRY; TRADITIONAL DINING ROOM WITH BUILT-INS; SPACIOUS FAMILY ROOM AND LIVING ROOM WITH DUAL COZY FIREPLACE; KITCHEN WAS REMODELED IN THE 90S WITH BIG CENTER ISLAND; GREAT CHARACTER INSIDE WITH HIGH CEILINGS AND CROWN MOLDINGS, HARDWOOD WINDOWS; DEDICATED LAUNDRY ROOM; HARDWOOD FLOORS WITH SOME PERGO FLOORS; COPPER PLUMBING, ELECTRICAL AND ROOF COMPLETED IN THE 90S; AC AND HEAT NEW 2007; DETACHED 2 CAR GARAGE; BACKYARD AND DRIVEWAY GOES FOR MILES, PRIVATE AND PEACEFUL. DON'T MISS THIS FINE OPPORTUNITY

    Listed with Nicola Speranta, Re/Max Premier Prop Arcadia


    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, 04 May 2016 17:00:00 +0000: $1,950,000 :: 135 Sierra View Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 1 full, 2 part baths
    Home size: 3,137 sq ft
    Lot Size: 16,030 sq ft
    Added: 04/15/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316003185
    Community: Pasadena (SW)
    Tract: Na647 (NA647)
    Status: Conditional


    Located in the coveted neighborhood of San Rafael, this true treasure offers a beautiful four bedroom home plus den with fireplace, situated on park like grounds of over 16,000 square feet. Conveniently located near the Rose Bowl, Rose Parade Route, historic Colorado Street Bridge and Old Town Pasadena, this property is situated in a fabulous location. The 4 bedroom plus den home and property offer attractive curb appeal, and the rear yard with expansive grassy areas and pool is framed with magnificent, mature trees, fruit trees and color. Socializing rooms include formal living room with fireplace, formal dining room, and architecturally designed family room and kitchen all with abounding natural light. The light, bright and restful master suite offers a long entry and views of the lush backyard. Other features include custom built ins and cabinets, recessed lighting, windows galore, hardwood floors, 3 fireplaces, natural stones, speaker system, 2 car garage and more!

    Listed with Jean Garr-Roddy, 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, 04 May 2016 17:00:00 +0000: $998,000 :: 155 South Orange Grove Boulevard, Unit F, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 2 part baths
    Home size: 2,319 sq ft
    Lot Size: 0 sq ft
    Added: 03/31/16, Last Updated: 05/04/16
    Property Type: Residential , Condominium
    MLS Number: AR16066558
    Community: Pasadena (SW)
    Status: Active


    Calling all buyers and contractors! This charming single-level condo is a light cosmetic fixer with great architectural style and features a view of the San Gabriel mountains. The home offers a coffered-ceiling entry, formal living room with fireplace and rows of tall windows, and a formal dining area leading to an inviting balcony. The kitchen has granite countertops, a Viking 6-Burner stove and a cozy breakfast area. The large master suite has a spacious balcony and remodeled master bathroom featuring Calcutta marble and double sinks. Other amenities include a total of 3 bedrooms and 3 bathrooms, a sunroom, 2,319 square feet of living space, laundry area, central air and heat, hardwood floors, high ceilings, plantation shutters and crown moldings. The property is just minutes from the Norton Simon Museum and Old Pasadena's restaurants, shopping and entertainment.

    Listed with Margaret Garemore, 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, 04 May 2016 17:00:00 +0000: $740,000 :: 1784 N. Madison Avenue Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,448 sq ft
    Lot Size: 7,490 sq ft
    Added: 04/25/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316003707
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    The price of this listing was last reduced on 5/4/2016 by 4%
    Status: Active


    Location,Location,Location. This home is located on a tree lined street in a desirable pocket of Pasadena. Welcome to this 3 bedroom 2 bath gated home. Front entrance features an inviting covered portico porch. Home features a new A/C & Heat Unit, interior was painted 1 year ago, main living area has hardwood floors, Kitchen & bathrooms with tile flooring, bedroom floors are carpeted, copper plumbing, huge Attic with retracting ladder for access, roof is 4 years old. Front yard is gated with a brick and iron fence and gate, a concrete driveway leading down to a converted detached garage with bathroom/shower. Door leading out to backyard via the family room takes you to a covered concrete patio with ample space for entertaining, you will also find Lime-, Orange-, Kumquat-, Avocado- and Grapefruit trees. This is a cosmetic fixer, a great opportunity for your buyers to live in a wonderful neighborhood!

    Listed with Derek Ramos, Gotham 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/!


  • Wed, 04 May 2016 16:44:00 +0000: $438,000 :: 86 South Sierra Madre Boulevard, Unit 6, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,014 sq ft
    Lot Size: 0 sq ft
    Added: 03/31/16, Last Updated: 05/04/16
    Property Type: Residential , Condominium
    MLS Number: PW16066529
    Community: Pasadena (SE)
    The price of this listing was last reduced on 5/4/2016 by 0%
    Status: Active


    FINALLY COMPLETED!!!! IF YOU SAW THIS HOME IN THE PAST GO SEE IT AGAIN!!!! Gorgeous 2 Bedroom 2 Bath spacious remodeled condo. Unit 6 has been update from top to bottom with new kitchen cabinets and beautiful back splash WITH STAINLESS STEEL APPLIANCES. Both bathrooms have been remodeled from top to bottom. Master bedroom loft offers great view to your living room and chimney. The unit offers central AC/Heating, all new flooring to go along with beam vaulted ceilings. This unit is a must see. This unit offers much privacy as it only has 8 units in the complex with underground parking (2 come with unit). Don’t miss out and come check it out; walking distance to Colorado Blvd, shopping centers, Rose Parade Route; Blocks from Cal tech and Pasadena City College. Submit offer NOW!

    Listed with Hector Rodriguez, Excellence RE 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, 04 May 2016 16:44:00 +0000: $769,000 :: 670 East Howard Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,834 sq ft
    Lot Size: 8,212 sq ft
    Added: 04/01/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: AR16067538
    Community: Pasadena (NE)
    The price of this listing was last reduced on 5/4/2016 by 4%
    Status: Active


    Welcome to 670 E. Howard Street in desirable Pasadena. As you pull up to this charming and spacious home you can see the large gated front yard. Enter the front gate and find numerous fruit trees in the front yard! As you walk through the front door you can see the nice large living room to the right. The kitchen has granite countertops & nice cabinets. Off of the kitchen there is a dining area and another living room which leads to the backyard. To the left of the front door entry you will find a hallway which will take you to three bedrooms one which is a master & two full baths. Garage has been converted to a living space. Buyer to complete their own investigations and due dillegence. Seller is selling it in its as is condition

    Listed with Douglas Tucker, Century 21 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/!


  • Wed, 04 May 2016 16:19:00 +0000: $999,000 :: 389 East Ashtabula Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    8 beds, 5 full baths
    Home size: 2,765 sq ft
    Lot Size: 4,437 sq ft
    Added: 05/04/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316004082
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    Status: Active


    Located in beautiful Pasadena, California, home to the Pasadena Tournament of Roses Parade and The Rose Bowl. This large, very well maintained 2765 sf home features 7 large bedrooms and 5 generous bathrooms. Upgrades include a newer roof, windows, and stucco exterior. A dual climate control system for comfortable living and a tankless water heater for efficiency. The open-concept living and dining area and spacious kitchen with ample cabinetry and features like granite tile floors. Downstairs, there are 3 good sized bedrooms with bamboo flooring and a hall bathroom. One with an en suite. A wide inviting staircase opens to the top landing where there are 4 spacious upstairs bedrooms with bamboo flooring. Two of the bedrooms enjoy an en suite bathroom and there is a hall bathroom as well. If this wasn't enough family space, there is a very large TV game room and presented as a possible kitchen with appliances, is an office space with cabinetry, a work station with shelves and a wet bar. Down the long driveway and in the back is a 3 car carport and large paved area perfect for entertaining. If space allows: Enjoy an evening out in Old Town, or catch a performance at The Pasadena Playhouse. Pasadena doesn't disappoint.

    Listed with Brian Larsen (w/ Felyce Larsen), JohnHart 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, 04 May 2016 16:05:00 +0000: $480,000 :: 1462 Mentone Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 973 sq ft
    Lot Size: 6,061 sq ft
    Added: 04/21/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316003588
    Community: Pasadena (NW)
    Tract: Na645 (NA645)
    Status: Active


    Wonderful corner lot Spanish Style home. Located close to the Rose Bowl and Old Town Pasadena. Home has a ton of potential with a good size lot. Do not let this one get away.

    Listed with Autumn Davis (w/ Jesse Davis), Geoffrey & Lee 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, 04 May 2016 16:05:00 +0000: $985,000 :: 415 South Carmelo Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,717 sq ft
    Lot Size: 5,804 sq ft
    Added: 04/20/16, Last Updated: 05/04/16
    Property Type: Residential , Single Family Residence
    MLS Number: 316003323
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    Status: Active


    This charming, traditional home is located on one of the most family friendly and desirable cul-de-sacs in Pasadena in the coveted Hamilton Elementary School area. A beautiful 3 bedroom 2 bath, single-story home adjacent to San Marino; it features a formal living room with elegant wood-burning fireplace and crown moulding; a formal dining room with custom wainscoting; a kitchen with breakfast area, ample storage and stainless steel appliances, including new GE Profile refrigerator and dishwasher; a large family room with custom built-in cabinets and shelves, recessed lighting and French doors leading to a garden patio; and a large master suite with walk-in closet, en-suite bath and French doors leading to beautifully landscaped rear yard. Two other light-filled bedrooms, a second bath, laundry room and a detached 2-car garage complete this lovely home. The current owners have lovingly updated this home throughout, including a new roof, hot water heater, windows, recessed lighting, newer furnace and copper plumping, and custom moulding throughout. This warm and loving home is ready for its next family to move right in!

    Listed with Peggy Vaccaro, 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, 04 May 2016 15:49:00 +0000: $620,000 :: 776 East California Boulevard, Unit 1, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 1,227 sq ft
    Lot Size: 42,163 sq ft
    Added: 05/04/16, Last Updated: 05/04/16
    Property Type: Residential , Townhouse
    MLS Number: 316003822
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    Status: Active


    Sophisticated Madison Heights town-home with attached two-car garage in the popular Cedar Ridge complex, close to South Lake shops and restaurants. This bright and sunny end unit is situated in the rear of the complex and features an open floorpan with two bedrooms, three bathrooms and a bonus room off the attached garage. Other features included tree top views off the master bedroom and a private front patio that has been re-landscaped and includes a drip irrigation system. Wonderful location in the heart of Pasadena.

    Listed with Ann Gluck (w/ Jayne Gluck), 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/!


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