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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:

  • Sun, 01 Mar 2015 09:18:00 +0000: $1,200,000 :: 3861 East California Boulevard, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 2,751 sq ft
    Lot Size: 20,885 sq ft
    Added: 01/21/15, Last Updated: 03/01/15
    Property Type: Residential , Single Family Residence
    MLS Number: OC15014260
    Community: Pasadena (SE)
    The price of this listing was last reduced on 3/1/2015 by 8%
    Status: Active


    PRICE REDUCTION!!! PRICE REDUCTION!!! AS-IS, VALUE IN LAND!!!!! Great Investment Opportunity! Perfect for Investor building their Investment portfolio. Seller is very motivated!!!! Location! Location ! Location! Corner lot. This is truly a diamond in the rough! A regular sale as well. Property has a lot of potential.

    Listed with Peter Tran, Genesis Investments & Financia


    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/!


  • Sun, 01 Mar 2015 06:25:00 +0000: $739,000 :: 1120 Medford Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,650 sq ft
    Lot Size: 7,229 sq ft
    Added: 02/23/15, Last Updated: 03/01/15
    Property Type: Residential , Single Family Residence
    MLS Number: CV15038656
    Community: Pasadena (NE)
    Status: Active


    Welcome to this incredible Upper Hastings Ranch home! This well-cared turnkey home features 3 bedrooms and 2 full baths, a spacious and inviting living room with large windows giving you a beautiful view of the back yard. This home has it all and is ready for you to move in!

    Listed with Theodoor Rudolph, RE/MAX MASTERS 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/!


  • Sun, 01 Mar 2015 04:19:00 +0000: $2,280,000 :: 1170 Linda Vista Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 4 full baths
    Home size: 4,434 sq ft
    Lot Size: 19,526 sq ft
    Added: 02/25/15, Last Updated: 03/01/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315001899
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    Mediterranean styling and a gated entrance set the stage for this exquisitely updated 4 bedroom home in the Linda Vista area of Pasadena. A grand curved stairway leads to an octagonal turret and quality details abound. Saltillo tile and wide plank hardwood floors, arched entries and niches, stunning marble counters and leaded glass front cabinets in the center island kitchen, crown molding and recessed lighting. Both the formal living room and family room have marble fireplaces and the formal dining room has a wall of glass sliders to the rear yard and 3 car garage. The huge master suite has a fireplace and walk-in closet. The open floor plan has great flow and covered patios make for wonderful entertaining!

    Listed with Henry Suarez, Dilbeck 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/!


  • Sun, 01 Mar 2015 00:00:00 +0000: $450,000 :: 999 BELLA VISTA AVE, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 full bath
    Home size: 1,573 sq ft
    Lot Size: 7,032 sq ft
    Added: 01/26/15, Last Updated: 03/01/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 15824255
    Community: Pasadena Ne
    Status: Active




    Listed with Steven Tobin, Modern Realtors 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/!


  • Sat, 28 Feb 2015 21:02:00 +0000: $559,800 :: 330 cordova Street, Unit 150, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 2 part baths
    Home size: 1,468 sq ft
    Lot Size: 144,077 sq ft
    Added: 02/27/15, Last Updated: 02/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 315001960
    Community: Pasadena Se
    Tract: Not Applicable-648 (NA648)
    Status: Active


    This ground floor, single level, end unit has been thoughtfully updated. The property includes three bedrooms and three baths, including the master suite with fireplace. The living room has a second fireplace and opens to one of two walled patios. The kitchen complete with granite counters and newer appliances has a breakfast area that opens to the front patio adjacent to the pool. This unit has just recently been re-piped and painted. All appliances, even the washer and dryer are included. Conveniently located near The Gold Line, Paseo Colorado, Whole Foods Market and Old Pasadena, the complex has pool, spa, fitness center and club room complete with kitchen, dining area and billiards room. The unit has two full size parking spaces and walk-in storage locker.

    Listed with Darrell Done, 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/free-home-search/!


  • Sat, 28 Feb 2015 20:48:00 +0000: $1,950,000 :: 1466 Glen Oaks Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 2,997 sq ft
    Lot Size: 20,331 sq ft
    Added: 02/25/15, Last Updated: 02/28/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315001963
    Community: Pasadena Nw
    Tract: Not Applicable-645 (NA645)
    Status: Active


    San Rafael Hills living at its best! Enter through double doors into this exquisitely updated, multi-level contemporary home with open floor plan, custom gourmet kitchen that includes Thermador appliances, master bedroom retreat, remodeled baths..and more. Large, beautifully landscaped lot with multiple decks, pool and spa and BBQ/entertainment areas. Spectacular mountain and canyon views of La Canada, Mt. Wilson, and Mt. Baldy and city lights of Pasadena and the San Gabriel Valley, and south to Seal Beach, Long Beach and the Pacific Ocean. 2-car garage with shop area and off-street driveway parking for 10 vehicles. Fully fenced and gated. Close to all LA has to offer!

    Listed with June Vickers (w/ Joanne Martin), 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/!


  • Sat, 28 Feb 2015 17:31:00 +0000: $1,050,000 :: 776 North mentor Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,543 sq ft
    Lot Size: 9,781 sq ft
    Added: 02/13/15, Last Updated: 02/28/15
    Property Type: Residential, Sale / Single Family
    MLS Number: 315001487
    Community: Pasadena Ne
    Tract: Not Applicable-646 (NA646)
    Status: Conditional


    Bungalow Heaven retreat: totally updated with the warmth of curb appeal leading to the front sitting porch, the living room, dining room and kitchen with architectural ceilings, with beautiful fixtures and moldings, with great taste, the best materials, and with attention to detail. The central hallway leads to two front bedrooms with two walk in closets, and a bathroom with designer sinks, tub, shower, and toilet. The living room includes a gas fireplace. The living room, dining room, and family room include bookcases, and nooks and crannies galore. The downstairs room is the man cave'' or wine cellar. The master suite includes a walk in closet, and a totally updated with a bathroom big enough to party. The central patio with gazebo opens to dining room, kitchen, and master bedroom. The private rear yard features a natural saltwater pool and spa; covered patio garnished with river rock; two gas fireplaces; and a detached garage cottage living space with bath.

    Listed with Monica Wilson (w/ Colleen Santino), 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/free-home-search/!


  • Sat, 28 Feb 2015 17:11:00 +0000: $418,000 :: 64 North Mar Vista Avenue, Unit 206, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,035 sq ft
    Lot Size: 72,837 sq ft
    Added: 02/23/15, Last Updated: 02/28/15
    Property Type: Residential , Condominium
    MLS Number: AR15038016
    Community: Pasadena (SE)
    Status: Active


    This unit is a MUST SEE condo in the area! Excellent condition with a NEW flooring in bedrooms, NEW ceramic tiles in living room and kitchen, NEW painting, New granite in both bathroom, New cabin and granite in the kitchen. Blocks from Pasadena City College and also from Old Town Pasadena! This great condo has 2 bedroom, 2 bathroom and a loft you can used as an office or as a private area, with additional community amenities! 2 car subterranean gated parking for added security, complete this perfect condo!

    Listed with Rosi Ueng, Treeline Realty & Investment


    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/!


  • Sat, 28 Feb 2015 16:24:00 +0000: $599,000 :: 133 S Los Robles AVE, Unit 307, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 939 sq ft
    Lot Size: 0 sq ft
    Added: 02/12/15, Last Updated: 02/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 15879101
    Community: Pasadena Se
    Status: Active


    Open floor plan, and entertainer's dream. Southern exposure, flooded with natural light. Dual vanities in the bathroom. For a limited time Seller to pay 1st year of HOA dues.

    Listed with Garrett Frakes, Polaris 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/!


  • Sat, 28 Feb 2015 16:23:00 +0000: $699,000 :: 133 S Los Robles, Unit 304, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 1,126 sq ft
    Lot Size: 0 sq ft
    Added: 12/16/14, Last Updated: 02/28/15
    Property Type: Residential, Sale / Condominium
    MLS Number: 14816535
    Community: Pasadena Se
    The price of this listing was last reduced on 2/19/2015 by 4%
    Status: Active


    *For a limited time Seller is crediting Buyer 1 year of HOA dues. This is the last new 2 bedroom 2 bathroom in one of Pasadena's most desirable addresses. The Burton is a modern yet architecturally inspired building just adjacent fine dining, boutique shopping and entertainment on Colorado Blvd.

    Listed with Garrett Frakes, Polaris 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/!


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