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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:

  • Mon, 29 Jun 2015 21:01:00 +0000: $949,900 :: 2006 Pasadena Glen Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full, 1 part baths
    Home size: 2,289 sq ft
    Lot Size: 17,347 sq ft
    Added: 03/13/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: SR15053144
    Community: Not Defined
    The price of this listing was last reduced on 6/26/2015 by 12%
    Status: Active


    Major Price Reduction!!! Located in the Pasadena Glen area which is secluded up in the Mountains outside of Pasadena. The property features 3 bedrooms, 2.5 bathrooms with an open floor plan and vaulted ceilings in the family room area which includes a fireplace. Please see the private agent remarks for additional details.

    Listed with Ryan La Chapelle, Oakwood Mortgage & 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/!


  • Mon, 29 Jun 2015 20:31:00 +0000: $285,000 :: 65 North Allen North Avenue, Unit 118, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    1 bed, 1 full bath
    Home size: 881 sq ft
    Lot Size: 52,158 sq ft
    Added: 06/29/15, Last Updated: 06/29/15
    Property Type: Residential , Condominium
    MLS Number: AR15141377
    Community: Pasadena (NE)
    Status: Active


    Conveniently located in East Pasadena, close to Pasadena City College, Old Town, Cal Tech, transportation, restaurants and entertainment, this single level unit offers a spacious living area, one bedroom with walk-in closet and extra closet, one bath, dining area, gas fireplace in living room with sliding glass doors leading to a large balcony. New roof and copper plumbing. Amenities included in ground pool, sauna, courtyards and secure parking. HOA fees include water, gas, landscaping and trash. Buyr to verify information. City of Pasadena requires a Occupancy Inspection Report, which will be responsibility of the buyer not the seller. Property is Sold As Is, without any repairs. This is a great starter home or investment property.

    Listed with Pedro Garcia, Goldline 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/!


  • Mon, 29 Jun 2015 20:14:00 +0000: $419,900 :: 393 North Wilson Avenue, Unit 1, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full baths
    Home size: 938 sq ft
    Lot Size: 18,716 sq ft
    Added: 06/11/15, Last Updated: 06/29/15
    Property Type: Residential , Townhouse
    MLS Number: CV15126589
    Community: Pasadena (NE)
    Status: Active


    Wonderful townhouse in the heart of Pasadena. Centrally located to downtown Pasadena and easy access to freeways. This end unit is drenched with natural light and many nice features. As you enter the front door you have a spacious living room with dramatic vaulted ceilings and fireplace. This home features direct access to a 2 car garage. As you reach the 2nd level, the dining room area opens over the living room area and flows into the kitchen area. The outdoor balcony can be accessed to from the kitchen area and 2nd bedroom area. The balcony is large enough for a barbecue and chairs. The 2nd bedroom is currently used as a home office with built in cabinets. There is a bathroom on the 2nd floor with a full tub and shower. The master bedroom is located on the top floor with a walk in closet, an outdoor balcony and it's own bathroom and shower area. Almost the entire floor has been upgraded with Birch hardwood. You have a spacious 2 car garage with a work bench and plenty of storage area. The washer and dryer hookups are located in the garage area. This is a gated and secured complex for both pedestrians and vehicles. The exterior of the complex has been recently painted and a brand new roof installed.

    Listed with Sean Brunske, EVERGREEN REALTY, HOMESMART


    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/!


  • Mon, 29 Jun 2015 16:59:00 +0000: $849,000 :: 595 North Chester Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    4 beds, 3 full baths
    Home size: 1,956 sq ft
    Lot Size: 7,449 sq ft
    Added: 06/01/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: AR15116423
    Community: Pasadena (NE)
    The price of this listing was last reduced on 6/18/2015 by 6%
    Status: Active


    Built in 1914, beautifully remodeled Colonial Revival located on 1 of the most desirable tree-lined streets in Pasadena within Crawford's Vista Landmarks district, 1 block from Historic Bungalow Heaven. Conveniently located blocks from PCC & Cal Tech, & minutes from Old Town, home boasts both old world charm & modern amenities. Welcome home to almost 2000 sqft of spacious living. Shows like model: 4 LARGE beds, 3 FULL baths (completely renovated w/ porcelain & marble tiles, jet tubs, & new vanities) bonus half bath downstairs. 2 master beds (1 downstairs & 1 upstairs), both w/attached En Suite baths. Enjoy family dinners in formal dining room, & delight in culinary creations in your own chef's kitchen, updated w/ new stainless steel appliances. Central A/C & forced air, brand new wood windows, & all plumbing updated. Upstairs master bed opens to a picturesque patio area w/ bistro setting to enjoy coffee & morning paper. Refresh outdoors in the backyard & retire to your spacious back patio area. For the avid gardener, plenty of room to cultivate your own vegetable garden! Detached 3-car garage completes this home-perfect for the family that needs lots of storage, has several cars, or simply needs extra room.

    Listed with Rick Cheng, Coldwell Banker George


    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/!


  • Mon, 29 Jun 2015 16:54:00 +0000: $1,068,000 :: 1913 Kaweah Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 2,689 sq ft
    Lot Size: 6,754 sq ft
    Added: 02/10/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: SW15028845
    Community: Pasadena (SW)
    The price of this listing was last reduced on 6/29/2015 by 3%
    Status: Active


    BOM! Price reduced! 1. Offered for 1,068,000. Appraised value $1,150,000. Your equity - $82,000 2. Fully Remodeled. Custom upgrades. Move-in ready 3. Private and quiet cul-de-sac street 4. One of the most desirable area of Pasadena. 5. New Kitchen 6. New bathrooms 7. Exquisite views of the valleys, mountain ranges and city lights. 8. Attached 2-car garage. 9. New designated laundry room on the same level with bedrooms. 10. Large wraparound private redwood deck. Motivated Seller! Bring offer!

    Listed with Natalia Moskaleva, Homes88


    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/!


  • Mon, 29 Jun 2015 16:35:00 +0000: $530,000 :: 1510 N Oxford, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,481 sq ft
    Lot Size: 7,190 sq ft
    Added: 05/01/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: IG15093285
    Community: Pasadena (NE)
    The price of this listing was last reduced on 6/29/2015 by 21%
    Status: Active


    COMPLETELY REMODELED TURNKEY home in a highly desirable area of Pasadena! This 3 bedroom / 2 Bathroom property is located on a tree lined street and sits on a sprawling 7190 sq ft lot with unparalleled curb appeal, and 1480 sq ft of living space. The home includes: NEW carpet/tile/wood flooring, NEW interior/exterior paint, brand NEW kitchen with NEW cabinets, New Granite Counter tops, and Stainless steel appliances! Brand NEW restroom vanities and showers. Landscaping and back yard are immaculate, great for family entertainment, equipped with 1 car detached garage perfect for any creative buyer. A MUST SEE PROPERTY!!!

    Listed with Andy Azadzoi, Diamond Real Estate 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/!


  • Mon, 29 Jun 2015 16:26:00 +0000: $699,000 :: 284 Marguerita Lane, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 2 part baths
    Home size: 1,100 sq ft
    Lot Size: 4,519 sq ft
    Added: 06/20/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: 315005966
    Community: Pasadena (SE)
    Tract: Na648 (NA648)
    Status: Active


    The 16 residences planned as a private street of art studios by Dr. Alexander Schutt called studio houses'' were designed by his sons Denman and Burton Schutt. This was the home that Dr Schutt himself lived in. The lane is on the National Historic Register since 2009. The current owner, head designer of Casitas Antiguas, has married the historic simplicity and charm of this sanctuary with modern amenities, sustainability and functionality. This 2 bedroom 3 bathroom 1100 sq ft home (1253 Taped), with central air and heat, copper plumbing, electrical upgrades, Nest Thermostat, Gray water Recycling system, R19 Denim insulation, Kisae Home Solar 1800 backup solar generator, one of a kind Spanish Colonial Revival character throughout including the wood beam ceilings, built in cabinetry, ceramic tiled roof, lovely courtyard and wrought iron detail also houses A separate laundry area and office nook. Lush landscaping and serene location on the lane.

    Listed with Haik Alexanians, Green World 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/!


  • Mon, 29 Jun 2015 15:57:00 +0000: $885,000 :: 404 South Orange Grove Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 1 full, 1 part baths
    Home size: 1,691 sq ft
    Lot Size: 19,898 sq ft
    Added: 06/19/15, Last Updated: 06/29/15
    Property Type: Residential , Condominium
    MLS Number: 315006150
    Community: Pasadena (SW)
    Tract: Na647 (NA647)
    Status: Active


    Situated across from the stately Wrigley Mansion, this elegant and exquisitely remodeled condo is move-in ready and waiting for a discerning buyer. It features custom wood flooring, a majestic fireplace, large windows, recessed lighting and a huge private patio. The smartly renovated kitchen with eating bar, has all new built-in Miele, Sub Zero fridge appliances, HansGrohe faucet, wine cooler and sink, and features European custom made cabinets designed to maximize space with slide-out drawers, lazy Susan and under counter lighting. Spacious master bedroom with an on-suite bathroom and large shower with a sitting bench. Guest bathroom will make you feel like you just entered a world-class spa with a magnificent wooden deep soaking tub brought in from Maine. Soft lighting, pebble stone mosaic flooring, vessel sink sitting on a granite edge shelve, water fall feature round out this special haven. Only 6 units in the complex. Low HOAs of $400 include earthquake insurance.

    Listed with Irina Netchaev, Pasadena Views Real Estate Tea


    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/!


  • Mon, 29 Jun 2015 15:54:00 +0000: $639,000 :: 1680 North Mar Vista Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,217 sq ft
    Lot Size: 8,593 sq ft
    Added: 06/22/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: AR15134796
    Community: Pasadena (NE)
    Status: Active


    Sited on an expansive tree studded lot in Pasadena’s enchanting Historic Highlands neighborhood, this absolutely delightful 1940’s residence is sure to please. From the winding walk approach to the welcoming front porch with warm red-painted door to the thoughtfully appointed interior and meticulously landscaped grounds, great care and pride of ownership are abundantly evident. Features include, but are not limited to, sparkling refinished hardwood flooring, recessed lighting, updated kitchen with quartz countertops and stainless appliances, copper piping, numerous energy efficiency upgrades and wonderful tree-shaded rear grounds. Enter at your own risk….you won’t want to leave!! This home is eager and ready to please!

    Listed with Ernie Boehr, 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/!


  • Mon, 29 Jun 2015 15:29:00 +0000: $352,000 :: 300 North Michigan Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,824 sq ft
    Lot Size: 5,481 sq ft
    Added: 03/08/15, Last Updated: 06/29/15
    Property Type: Residential , Single Family Residence
    MLS Number: SR15048797
    Community: Pasadena (NW)
    The price of this listing was last reduced on 6/29/2015 by 49%
    Status: Active


    3 Bedrooms, 2 baths and 2 dining areas, kitchen has a lot of cabinets and is very spacious, big back yard. Auction

    Listed with Maribel Villalobos, San Fernando 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/!


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