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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, 24 Apr 2014 01:58:00 +0000: $598,000 :: 925 East Elizabeth Street, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,416 sq ft
    Lot Size: 5,198 sq ft
    Added: 03/21/14, Last Updated: 04/24/14
    Property Type: Single Family, Residential
    MLS Number: CV14058155
    Community: Pasadena Ne
    The price of this listing was last reduced on 4/24/2014 by 0%
    Status: Active


    Price Just Reduced! Back on the market! Location Location Location! This is the house for you! This Charming Craftsman Bungalow features 3 bedrooms, 2 baths with 1,416 sq ft living space. Newly remodeled throughout with stone pillars, originally restored wood & tile flooring, crown molding, new baseboards, brand new kitchen w/stainless steel appliances, remodeled bathrooms and more. It''s conveniently located minutes from Old Town Pasadena, Altadena Golf Course, Huntington Hospital, and Pasadena City College. It''s also close to multiple parks, shopping centers, schools, and the 110 & 210 freeways. Don''t miss this opportunity to own a piece of property in the designated landmark district of Historic Highlands. Come see this house today!

    Listed with YING-HUEI CHOU, ETOPBROKER, 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, 24 Apr 2014 00:01:00 +0000: $1,038,000 :: 1790 ROSE VILLA ST, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 2,078 sq ft
    Lot Size: 7,500 sq ft
    Added: 04/16/14, Last Updated: 04/24/14
    Property Type: Single Family, Residential
    MLS Number: 14754773
    Community: Pasadena Se
    Status: Active


    Caltech neighborhood West of Allen, has three bedrooms and three baths and an additional bedroom on the 2nd level. Main floor Master with skylight and dual sinks, large tub and separate shower. The home is spacious and light filled with updated plumbing, electrical and central air.

    Listed with Xin Chen, Gold House 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!


  • Thu, 24 Apr 2014 00:01:00 +0000: $675,000 :: 1635 KAWEAH DR, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,023 sq ft
    Lot Size: 5,206 sq ft
    Added: 04/16/14, Last Updated: 04/24/14
    Property Type: Single Family, Residential
    MLS Number: 14753099
    Community: Pasadena Sw
    Status: Active


    Located in the Poppy Peak Historic District, Robert E. Bond''s progressive, forward-thinking design exemplifies the Modernist aesthetic of breaking free from traditional, conservative architecture that dominated the American landscape prior to WWII. Sited midway through the San Rafael Hills in Pasadena, Bond''s abundant use of glass walls minimizes the physical separation between the interior and out of doors. Bond''s use of vertical overlapping board and batten planks add volume to the high, angled roofline which seamlessly blends into the hillside. Functional extensions of the vertical and horizontal lines of the house - such as railings and the balcony off of the master bedroom - are incorporated with the overall design, subsequently creating a unifying relationship between the house, owner and environment.

    Listed with Crosby Doe (w/ Matthew Berkley), 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!


  • Wed, 23 Apr 2014 22:45:00 +0000: $425,000 :: 309 North Holliston Avenue, Unit 5, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 2 part baths
    Home size: 1,055 sq ft
    Lot Size: 24,869 sq ft
    Added: 04/11/14, Last Updated: 04/23/14
    Property Type: Condominium, Residential
    MLS Number: 214014229
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Conditional


    Attractive craftsman-style townhome centrally located in Pasadena near PCC with easy freeway and Gold Line access. Front patio has a privacy fence with room to bbq. Lower level is a 2-car private garage with laundry and storage. Main level includes living room with fireplace, powder room, dining room, kitchen with large garden window. Upper level has 2 bedrooms suites with private baths. The unit has been tastefully updated with granite counter tops in kitchen and baths, engineered wood flooring, and newer carpet. HOA includes Earth quake insurance on complex.

    Listed with Richard Perez (w/ Paul Kent), 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!


  • Wed, 23 Apr 2014 22:04:00 +0000: $299,000 :: 2386 East Del Mar Boulevard, Unit 214, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 885 sq ft
    Lot Size: 59,253 sq ft
    Added: 04/10/14, Last Updated: 04/23/14
    Property Type: Condominium, Residential
    MLS Number: 214014213
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Light and airy contemporary condo, updated & beautifully maintained. Includes living room with fireplace (gas logs with electric starter), and private balcony, dining area, kitchen remodeled in 2010, with refrigerator, built-in dishwasher and stove/oven, granite counter tops, stainless steel sink, new cabinets with auto-closing drawers and pull-out shelves, breakfast nook with spacious pantry, bedroom with large mirrored closet, and full bath with lots of storage space. The private balcony is spacious and has a lovely treetop view. The large pool and outdoor barbeque area are great for entertaining. This is an ideal unit for an owner-resident or an investor.

    Listed with Carol Lollich, Concierge for Homes


    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!


  • Wed, 23 Apr 2014 21:49:00 +0000: $1,750,000 :: 607 Laguna Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 1 full, 2 part baths
    Home size: 2,531 sq ft
    Lot Size: 14,392 sq ft
    Added: 02/15/14, Last Updated: 04/23/14
    Property Type: Single Family, Residential
    MLS Number: 214006381
    Community: Pasadena Sw
    Tract: Not Applicable-647 (NA647)
    Status: Conditional


    Beautifully updated Traditional Style Home located in prime San Rafael area. This spectacular home boasts 4-bedroom and 2 1/2 baths, formal dining room, living room, large family room, and hardwood floors. A 900+ square foot unfinished basement with high ceilings offers a number of possibilities. The expansive backyard includes an incredible pool (with removable pool fence), spa, outdoor kitchen, and much more. Expired plans are available for expansion.

    Listed with Patrick Brandt (w/ Jerome Jahn), John Aaroe Group 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!


  • Wed, 23 Apr 2014 20:05:00 +0000: $2,845,000 :: 370 W DEL MAR, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    6 beds, 7 full baths
    Home size: 5,725 sq ft
    Lot Size: 15,993 sq ft
    Added: 04/22/14, Last Updated: 04/23/14
    Property Type: Single Family, Residential
    MLS Number: 14754597
    Community: Pasadena Sw
    Status: Active


    Listed on the National Register of Historic Places, the Bolton/Culbertson House 1906/1929, by architects Charles and Henry Greene with addition by architect Garrett Van Pelt, is recognized today as one of the classics of the Arts and Crafts movement Pasadena annually celebrates today. In terms of scale and the gracious lifestyle the house affords, it is the predecessor to the Gamble House. A careful restoration by architect Tim Andersen has renewed the warmth, and vitality of the residence. The good living of what many consider to be Pasadena''s Golden Age is alive and well at the Bolton/Culbertson House.

    Listed with Crosby Doe (w/ Matthew Berkley), 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!


  • Wed, 23 Apr 2014 19:33:00 +0000: $599,000 :: 434 South Los Robles Avenue, Unit 5, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 1,207 sq ft
    Lot Size: 33,314 sq ft
    Added: 03/30/14, Last Updated: 04/23/14
    Property Type: Townhouse, Residential
    MLS Number: 214012467
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    Come see this great townhouse with 2 full master suites, laundry room inside, 2 car attached garage, & a fenced private patio for your BBQ. Smart use of space makes this layout spacious. The floors are bamboo with designer accents. The kitchen is updated with custom cabinets with plenty of storage space & dark granite counter tops. The bedrooms have mirrored closet doors. Vibrant designer paint throughout. The master bedroom has a cute balcony overlooking trees & views of the mountains. The 2 bathrooms upstairs are oversized. Custom plantation shutters. Community pool & spa.

    Listed with Aram Gaboudian, 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!


  • Wed, 23 Apr 2014 19:29:00 +0000: $549,000 :: 450 Vineyard Place, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 816 sq ft
    Lot Size: 4,669 sq ft
    Added: 04/03/14, Last Updated: 04/23/14
    Property Type: Single Family, Residential
    MLS Number: 214013152
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Active


    Contemporary 2 bed 2 bath in a cul-de-sac only nine blocks from the Metro. A couple of more blocks away is Whole Foods, Trader Joe''s, Kabuki for sushi, Starbucks, Best Buy, & the always fun dog park...for dog socializing. Kitchen has custom solid wood soft close cabinets with sleek quartz countertops. Upgraded stainless steel appliances & washer/dryer are included. The master bedroom has big wide French doors that open onto a porch in the backyard. The large grassy backyard has a cute patio for lounging around or entertaining. Wood floors, dual pane windows throughout, new roof, new upgraded electrical panel, new fence & new front & back automatic sprinklers are a few of the new features. Come see this very stylish home today!

    Listed with Aram Gaboudian, 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!


  • Wed, 23 Apr 2014 18:28:00 +0000: $219,000 :: 1115 Cordova Street, Unit 118, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 518 sq ft
    Lot Size: 70,090 sq ft
    Added: 04/20/14, Last Updated: 04/23/14
    Property Type: Condominium, Residential
    MLS Number: 214015709
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    * * STANDARD SALE!!! * * Conveniently located near Cal Tech, PCC, S. Lake shopping, dining, entertainment, Old Town Pasadena and Metro Goldline. This 2nd floor unit is move-in ready! Lovely studio with spacious balcony facing the courtyard. Hardwood floors throughout living area. Updated kitchen offers granite counters, and newer appliances. Conveniently located near laundry room, trash shoot and elevator. Bathroom has been nicely updated. Lots of storage and closet space throughout. In gated community with spacious BBQ area and nice pool. LOW HOA fees!! A MUST SEE!!

    Listed with Sylva Khayalian, Redfin Corporation


    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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