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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:

  • Thu, 28 May 2015 11:04:00 +0000: $988,000 :: 443 South Oakland Avenue, Unit 2, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,779 sq ft
    Lot Size: 12,970 sq ft
    Added: 03/28/15, Last Updated: 05/28/15
    Property Type: Residential , Condominium
    MLS Number: WS15065115
    Community: Pasadena (SE)
    Status: Active


    Model Home! This beautiful Mediterranean 3-story townhouse located in the heart of beautiful city of Pasadena is the perfect retreat you can call home. Situated in a friendly residential neighborhood lavishly crowned with lush landscaping, the newly built Oakland Terraces offers the perfect blend of a city and suburban lifestyle, located within walking distance from shopping and dining at South Lake Ave, Paseo Colorado, and Old Town Pasadena. After a long day, you'll look forward to pulling into your subterranean private attached garage and curling up by the master or living room fireplaces with a good book or dimming the lights and soaking in the master jetted tub. Other amenities at this spacious 1,779 sq.ft. townhouse include Samsung stainless steel appliances, custom crafted cabinetry, security system, and balconies with gorgeous mountain and courtyard views.

    Listed with Ching Wong (w/ Michael Wong), UNITED R. E. PACIFIC


    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/!


  • Thu, 28 May 2015 11:03:00 +0000: $899,000 :: 443 South Oakland Avenue, Unit 8, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,665 sq ft
    Lot Size: 12,970 sq ft
    Added: 02/28/15, Last Updated: 05/28/15
    Property Type: Residential , Condominium
    MLS Number: WS15042652
    Community: Pasadena (SE)
    The price of this listing was last increased on 3/2/2015 by 0%
    Status: Active


    Brand new Mediterranean style townhouse conveniently located in the heart of Pasadena. The newly built Oakland Terrace offers the perfect blend of a city and suburban lifestyle. Situated in a friendly residential neighborhood, within walking distance from shopping and dining. 3 bedrooms 2.5 baths with living area of 1,665 sq. ft. Master suite on third floor with fireplace, master bath with Jacuzzi tub and separate shower stall. Central air/heat, and central alarm system. 2 car attached garage. HOA fee is $257 per month. Gated community with intercom system. Ready to move in.

    Listed with Ching Wong (w/ Michael Wong), UNITED R. E. PACIFIC


    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/!


  • Thu, 28 May 2015 10:44:00 +0000: $695,000 :: 2194 Cooley Place, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,422 sq ft
    Lot Size: 6,558 sq ft
    Added: 05/27/15, Last Updated: 05/28/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315005166
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    Status: Active


    This one story English style home is located in a popular area of NE Pasadena close to Victory Park. It has been freshly painted inside and out and the hardwood floors have been beautifully refinished. Built in 1926, this home is apprx 1422sf and sits on a 6558sf lot. There are 3 bedrooms and 2 baths plus a permitted bonus room off the garage. The home has been tastefully updated and includes a small entry with a pretty stained-glass window, a spacious and light-filled living room with fireplace and picture window, an alcove style dining room and a sunny eat-in kitchen that opens to a rear garden and patio. The bedrooms are good size and the bathrooms have been updated with new fixtures and tile. The permitted bonus room is bright and has two doors, one opening to the rear garden and one opening to the garage. The garden has been freshly landscaped and includes a mature lemon tree and roses. Don't miss out on this great house!

    Listed with Jeannette Muirhead, 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/!


  • Thu, 28 May 2015 10:43:00 +0000: $698,000 :: 238 South Arroyo Pkwy, Unit 215, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,250 sq ft
    Lot Size: 33,874 sq ft
    Added: 05/01/15, Last Updated: 05/28/15
    Property Type: Residential , Condominium
    MLS Number: WS15092859
    Community: Pasadena (SW)
    Status: Active


    No more boredom when moving into this cozy nest located in the heart of Old Town Pasadena. This newer unit at one-level architectural building has 2 bedrooms and 2 bathrooms, comfortable living room, high ceilings and great view of vibrant street views. Featuring ceasarstone counters, euro-design cabinetry, upgraded stainless steel Kitchenaid appliances and custom blinds & closets, this unit offers contemporary living style for discerning buyers. Rooms are bright with dramatic windows, walls of glass letting in plentiful natural light, walk-in closet has been upgraded with well known Swedish Elfa rack system that can be configured into any designs to suit one’s need. DuChateau white oak hard wax oil wood flooring. Gated parking area with 2 side-by-side parking spaces, walking distance to Paseo Colorado Mall, Whole Foods Market, Metro Line, great restaurants nearby, this property offers ultimate convenience and comfort in the midst of bustling urban lifestyle. Minutes to Cal Tech and PCC. HOA also features BBQ and GYM area.

    Listed with Sheena Chou, HIGHLAND 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/!


  • Thu, 28 May 2015 10:14:00 +0000: $419,000 :: 217 South Marengo Avenue, Unit 308, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 615 sq ft
    Lot Size: 15,101 sq ft
    Added: 05/12/15, Last Updated: 05/28/15
    Property Type: Residential , Condominium
    MLS Number: 315004684
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    The price of this listing was last reduced on 5/28/2015 by 5%
    Status: Active


    Built in 2008, this is truly one of the best units in Pasadena's perfectly located Cinema Lofts. Newer, modern North/South facing loft with soaring 18ft. ceilings is an incredible opportunity to live in a light and bright space while only a few blocks to the Metro Gold Line, Old Town, Paseo Colorado and Whole Foods. This single-level open and flexible floor plan with no one above, has a terrific patio with views of the mountains, city and Rose Bowl sign. The modern kitchen with Caesar Stone counters and stainless appliances opens to the spacious living room. Approximately 18ft floor-to-ceiling windows, upgraded wood floors, glass closet doors, interior laundry, potential to add 100 permitted square feet and low HOAs make this an incredible opportunity.

    Listed with Micah Lachtman, Coldwell Banker Residential Br


    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/!


  • Thu, 28 May 2015 10:07:00 +0000: $808,000 :: 110 South Sunnyslope Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,795 sq ft
    Lot Size: 5,814 sq ft
    Added: 05/21/15, Last Updated: 05/28/15
    Property Type: Residential , Single Family Residence
    MLS Number: CV15109832
    Community: Pasadena (SE)
    Status: Active


    Only one block away from the busy Colorado Boulevard, this beautiful 3-bed 2 3/4-bath, about 1,800 sqft home is hidden within a very peaceful neighborhood, and the beautiful double entry front door faces a fresh, green tree-lined street; quiet, private, and convenient! The grand granite tile flooring leads from the entrance to the kitchen, matching the elegant cherry finish cabinets, crown moldings, and travertine countertop extended for breakfast, which opens up to a formal dining room decorated by a magnificent chandelier. And two master suites! One suite includes 3/4 bath and could be used as a guest room. The other main master room comes with a walk-in closet; its master bath equipped with a massage tub, a standalone shower, and the granite counter surrounding offers a comfortable place for relaxing, perfect for any modern woman. The shady backyard includes a spacious 2-car garage, and a covered patio for off sight storage, suiting the needs of all ambitious men, working on that new backyard project. Dual pane windows, recessed lights... You absolutely must see it to fully understand its beauty.

    Listed with Zu-Chen Tsi, 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/!


  • Thu, 28 May 2015 09:45:00 +0000: $435,000 :: 286 North Madison Avenue, Unit 306, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 870 sq ft
    Lot Size: 34,547 sq ft
    Added: 05/20/15, Last Updated: 05/28/15
    Property Type: Residential , Condominium
    MLS Number: AR15107999
    Community: Pasadena (SE)
    Status: Active


    Beautiful condo, a corner unit with views of the San Gabriel mountains, a full wall of window and it's on a Camphor Tree lined street too, centrally located near the Historic Playhouse District, Gold Line, Fuller Seminary & many other Pasadena landmarks, and also near fabulous shopping and entertainment. Natural light fills this private unit on the 3rd floor. The large kitchen with maple cabinetry features ceramic tiles & Whirlpool appliances: range, dishwasher, microwave oven & refrigerator. Other features are beautiful brand new wood flooring, base moldings, high ceilings and an inside laundry closet with a Maytag Washer & Dryer stack-able unit included. The brand new carpeted bedroom has a mirrored wardrobe closet along one side of the room. This condo also includes a spacious private patio in front of the unit. The complex was designed by Steven Gaffney Architects in 2003 and is a full security building, gated, with subterranean parking and a storage area near the parking space too. Show and sell. Don't miss out.

    Listed with Phyllis Lu, 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/!


  • Thu, 28 May 2015 09:11:00 +0000: $280,000 :: 35 El Nido Avenue, Unit 9, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 728 sq ft
    Lot Size: 17,045 sq ft
    Added: 05/22/15, Last Updated: 05/28/15
    Property Type: Residential , Condominium
    MLS Number: SR15110867
    Community: Pasadena (SE)
    Status: Active


    HUD Owned Property Sold As Is (FHA Case 197-566779) Great location in Pasadena, Single Story, one bedroom one bath condo. Located in a complex of 10 units, Features Living Room, Dining Room, Balcony, good size kitchen with storage. There is a covered parking space and also ample parking on the street. Low Association Dues. So much potential here. Conveniently located in nice area of Pasadena, close to transportation, restaurants, entertainment, Old Town Pasadena, Pasadena City College and Cal Tech. Buyers to investigate all information, review all HUD Disclosures and Addendums, Property Condition Report,Lead Based Paint Disclosure Addendum, Listing Disclosures and Repairs Statement, Mold, Radon Gas, Carbon Monoxide Detector and all disclosures and addendums provided for this property. City of Pasadena requires a Occupancy Inspection Report, which will be a requirement and responsibility of the buyer not the Seller. HUD properties are Sold As Is, without any repairs. Ask your Realtor for a showing or give us a call.

    Listed with Laura Dietz, Merlin Enterprises 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/!


  • Thu, 28 May 2015 08:44:00 +0000: $988,000 :: 155 Malcolm Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 1,725 sq ft
    Lot Size: 6,733 sq ft
    Added: 05/22/15, Last Updated: 05/28/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315004989
    Community: Pasadena (SW)
    Tract: Na647 (NA647)
    Status: Conditional


    This sophisticated & updated San Rafael Hills beauty offers 3 bedrooms, 3 baths, & sweeping views of the San Gabriel Mountains. A soaring, open beam ceiling highlights the living and dining areas, which share a two-sided fireplace, & open out to a stone terrace overlooking the view. The custom-remodeled, gourmet kitchen features everything an entertainer and cook desires: a Wolf range & microwave, two Miele dishwashers, a roomy pantry, Liebherr fridge with built-in wine cooler, exquisite granite counter tops, & a sizeable center island. The large master suite features an exquisitely appointed bath, with travertine tile, custom vanity, a lg jacuzzi tub, & a separate shower. The kitchen & family room open to the delightful rear patio, highlighted by a stunning river rock waterfall. The rear yard also boasts an upper terrace with an additional patio & a substantial grassy yard, complete with a grand view of the San Gabriels. Newer roof, A/C, & electrical complete this spectacular home.

    Listed with May Gonzalez (w/ Ray Gonzalez), Teles 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/!


  • Thu, 28 May 2015 05:49:00 +0000: $850,000 :: 1120 North Catalina Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 1 full, 1 part baths
    Home size: 2,320 sq ft
    Lot Size: 10,075 sq ft
    Added: 05/27/15, Last Updated: 05/28/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315005071
    Community: Pasadena (NE)
    Tract: Na646 (NA646)
    Status: Active


    Beautifully updated 4 bedroom & 2 bathroom Craftsman home located near the middle of Pasadena's Landmark District known as Bungalow Heaven. Located on a beautiful oak tree-lined street, this house boasts 2,320 sf on a large flat 10,075 sf lot. Beautiful new engineered wood flooring, interior paint, ceiling fans, kitchen sink, toilets & bathroom floors. New lighting & crown molding, wainscotting & built-in display cabinets in the spacious dining & living rooms. Newer electrical upgrading, copper plumbing & water heater. Incredible amount of storage closets & cabinets for everything! Not included in the total square footage of home is an enclosed 14x21 ft sun room & a 11x22 ft workshop behind the garage. Large rear deck with heated spa & gorgeous landscaping in the front, side & back yards, including an enclosed vegetable garden. This home has been owned, loved & customized by two generations of the same family for the past 50 years. Prepare to fall in love and make it your new home!

    Listed with Pauline Ching, 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/!


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