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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:

  • Fri, 24 Oct 2014 01:30:00 +0000: $849,000 :: 2080 Fox Ridge Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full, 1 part baths
    Home size: 1,940 sq ft
    Lot Size: 8,099 sq ft
    Added: 10/24/14, Last Updated: 10/24/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314032773
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    This stunning mid century traditional has been lovingly updated and is full of warmth and charm. There are soaring wood beamed ceilings accented by the open floor plan throughout the living room, kitchen and dining room. The living room features a lovely brick fireplace, access to the patio and views of the tranquil backyard. The inviting kitchen has updated appliances and a beautiful breakfast nook. The dining room has beautiful views of the back yard. The back patio is perfect for entertaining and comes with a barbeque with a direct gas line attachment. There is a wonderful master suite with plantation shutters. This home features newer wood floors throughout and recessed lighting in the bedrooms and hallways. Major improvements include updated electrical and grounding, copper plumbing, and updated windows. This home is located in the much sought neighborhood of Pasadena moments away from Eaton Canyon.

    Listed with Pei Chang, Berkshire Hathaway Home Serv.


    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!


  • Fri, 24 Oct 2014 00:58:00 +0000: $519,000 :: 1642 North Los Robles, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,178 sq ft
    Lot Size: 6,584 sq ft
    Added: 08/19/14, Last Updated: 10/24/14
    Property Type: Residential , Single Family Residence
    MLS Number: SR14178253
    Community: Pasadena (NW)
    The price of this listing was last reduced on 9/11/2014 by 12%
    Status: Active


    Price Reduction! This Impeccable custom built Craftsman Bungalow built in 1911 has been maintained with tender loving care. The original interior wood shines beautifully. The trademark fireplace with built-in cabinetry highlights the artisan feel of this historic gem. The kitchen has original cabinetry and a classic Gaffers and Sattler oven calibrated and is in great working condition. The hardwood floors are newly sanded, stained and sealed. The bathroom floor has new tile and the kitchen; new wood laminate flooring. The home has fresh interior and exterior paint. The bonus room at the back of the house is perfect for an office, studio or sunroom and has a half bath which is permitted. The garage has been totally renovated with finished interior walls and electrical outlets. The front and back yards have a fully automated sprinkler system. The back yard is perfect for relaxing under mature trees and is fully fenced in. Attic can be built out for more living area. Located north of Washington in an established neighborhood with custom homes close and to museums, this home awaits the buyer that has been searching for an original Craftsman Bungalow in Pasadena.

    Listed with Jacqueline Mendelson, White House 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!


  • Fri, 24 Oct 2014 00:11:00 +0000: $765,000 :: 1510 N Oxford, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full bath
    Home size: 1,481 sq ft
    Lot Size: 7,190 sq ft
    Added: 09/24/14, Last Updated: 10/24/14
    Property Type: Residential , Single Family Residence
    MLS Number: IG14206161
    Community: Pasadena (NE)
    Status: Active


    Highly desirable area of Pasadena. Fully renovated and remodeled home. The property is located on a tree lined street, and sits on a sprawling 7190 sq ft lot with unparalleled curb appeal, and 1180 sq ft of living space. The home includes, a back yard great for family entertainment, 1 car detached garage. A MUST SEE PROPERTY!!!

    Listed with Andy Azadzoi, Diamond Real Estate Investmen


    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!


  • Fri, 24 Oct 2014 00:11:00 +0000: $599,000 :: 840 East Green Street, Unit 218, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 2 full baths
    Home size: 1,347 sq ft
    Lot Size: 53,511 sq ft
    Added: 10/24/13, Last Updated: 10/24/14
    Property Type: Residential , Condominium
    MLS Number: IV13216949
    Community: Pasadena (NW)
    Status: Active


    The PRADO on Lake is located in downtown Pasadena. Has 24 hr Concierge, Entertainment Area with Kitchen,Meeting Rooms, Club House,GYM, Web Room, Pool and Spa

    Listed with Gaudencio Mapile, CENTURY 21 EXCLUSIVE PROP


    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!


  • Fri, 24 Oct 2014 00:11:00 +0000: $400,000 :: 840 East Green Street, Unit 119, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 955 sq ft
    Lot Size: 53,511 sq ft
    Added: 10/24/13, Last Updated: 10/24/14
    Property Type: Residential , Condominium
    MLS Number: IV13216869
    Community: Pasadena (NW)
    Status: Active


    The PRADO on Lake is located in downtown Pasadena. Has 24 hr Concierge, Entertainment Area with Kitchen,Meeting Rooms, GYM,Club House,Gym, Web Room, Pool and Spa

    Listed with Gaudencio Mapile, CENTURY 21 EXCLUSIVE PROP


    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!


  • Fri, 24 Oct 2014 00:01:00 +0000: $3,950,000 :: 645 PROSPECT CRES, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 full, 1 part baths
    Home size: 4,230 sq ft
    Lot Size: 40,540 sq ft
    Added: 10/16/14, Last Updated: 10/24/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 14802741
    Community: Pasadena Nw
    Status: Active


    Millard House. The romance and magic of one of Frank Lloyd Wright's most poetic works has only been enhanced with the careful and sensitive restoration work completed by the present owner. The historic importance of the property is underscored with its nomination by the Frank Lloyd Wright Building Conservancy to become a U.N.E.S.C.O. World Heritage Site. "La Miniatura" is truly one of the most beautiful properties ever to be offered in Southern California.

    Listed with Crosby Doe, Crosby Doe 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!


  • Thu, 23 Oct 2014 22:32:00 +0000: $1,099,000 :: 748 South Euclid Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,714 sq ft
    Lot Size: 10,736 sq ft
    Added: 08/25/14, Last Updated: 10/23/14
    Property Type: Residential, Sale / Single Family
    MLS Number: 314030917
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    The price of this listing was last reduced on 10/23/2014 by 3%
    Status: Active


    2 HOUSES ON A LARGE LOT. Located in Pasadena's desirable Madison Heights neighborhood. The front house, w/new exterior paint, 1921 Calif Craftsman Bungalow (1259 sqft) - 2 bedrooms, a den/3rd bedroom, has touches of the craftsman style, features generous sized rooms, wood floors with a living room showcasing a fireplace & built-in cabinetry. The many windows bring in air & light to interior areas of the home. There is an additional exit from the master bedroom to a private rear patio. The back yard, a mini-forest between the two structures, provides a large quiet space to relax. Cozy 1 bedroom 1945 cottage (455 sqft), wood floors, kitchen, laundry hook-up, bright/airy, is located near the alley at rear of lot. A large (11' X 35') 2 car shared garage has separate entrance/exit doors at either end allowing for street & alley access. This charming pair of homes located on a family oriented street takes you back to Pasadena almost 100 years ago. Near Montessori School, Lake Ave, Arroyo.

    Listed with Vicki Neutra, Berkshire Hathaway Home Serv.


    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!


  • Thu, 23 Oct 2014 21:53:00 +0000: $728,000 :: 500 East Del Mar Boulevard, Unit 36, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 1,799 sq ft
    Lot Size: 41,084 sq ft
    Added: 10/14/14, Last Updated: 10/23/14
    Property Type: Residential, Sale / Condominium
    MLS Number: 314032419
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    This spacious and exceptional unit sits on a tree-lined street in the heart of Madison Heights in Pasadena. The open entry welcomes you to the first level, where you will find a lovely kitchen, living room, dinning room, and powder room. The recently updated kitchen has new stone countertops, stainless steel appliances, and a bar/countertop opening up into the dining room. The adjacent living room boasts a fireplace and floor to ceiling sliding glass door to the private balcony with beautiful views of trees and greenery. Upstairs you will find the Master Bedroom and Master Bathroom, as well as two additional bedrooms and a bathroom. The upstairs also has two balconies and another private entrance. Additional features include: hardwood floors on the first level, washer and dryer, new wine cooler in kitchen and accessibility to Old Pasadena, Paseo Colorado, and the Shops on Lake, for excellent dining and shopping.

    Listed with Norma Mardelli (w/ Christian Mardelli), 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!


  • Thu, 23 Oct 2014 19:11:00 +0000: $749,000 :: 2654 Meguiar Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,464 sq ft
    Lot Size: 6,624 sq ft
    Added: 10/23/14, Last Updated: 10/23/14
    Property Type: Residential , Single Family Residence
    MLS Number: CV14227460
    Community: Pasadena (NE)
    Status: Active


    Newly remodeled one story traditional residence, 3 bedroom, 2 baths on a private street with glorious San Gabriel Mountain views in a prime location. Great home for entertaining! walk into an open floor plan living room with fireplace and receive natural light from the skylight near the kitchen area. White cabinets with gray corks counters, white corks counter island with wine cooler added bonus. Stainless steel appliances leads to the step down family room that leads a cute private patio and is adjacent to your direct access 2-car garage for added convenience. Both bathrooms are exceptionally comforting size and design. All doors are all privacy doors that gives more light to the home. Come and see your new home!! bring on your furnishing to make it your own style.

    Listed with Imelda Macklin, HOMESMART PROFESSIONAL PARTNE


    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!


  • Thu, 23 Oct 2014 17:51:00 +0000: $409,900 :: 530 West Montana Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,212 sq ft
    Lot Size: 7,913 sq ft
    Added: 10/23/14, Last Updated: 10/23/14
    Property Type: Residential , Single Family Residence
    MLS Number: OC14227411
    Community: Pasadena (NW)
    Status: Active


    Investor special full of potential! Good size home on a spacious and useable lot. Home has a good layout with a living room, dining area, laundry area next to kitchen and a master bedroom in the rear of the home with its own bathroom. Massive backyard has a 2 car garage which has been partially converted and a gate which can accommodate a RV or several additional vehicles. Located just North of trendy Old Town Pasadena and just south of Altadena. Home is walking distance to John Muir High School and a retail area offering several restaurants, bank and a fitness center.

    Listed with Peter Park, Prime Properties Asset Mgmt


    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!


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