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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:

  • Sat, 10 Dec 2016 17:18:00 +0000: $739,000 :: 3461 Brandon Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,672 sq ft
    Lot Size: 4,994 sq ft
    Added: 12/10/16, Last Updated: 12/10/16
    Property Type: Residential, Single Family Residence
    MLS Number: AR16761346
    Community: Pasadena (SE)
    Status: Active


    Excellent location of Pasadena !! Easy access to 210 free way. Close to PCC and walking distance to Colorado Boulevard shopping and transportation, Very nice and cleaning little house that is ready to move in. Hurry!! Won't last long!!!

    Listed with Jenny Ma, Long Dragon Realty 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/free-home-search/!


  • Sat, 10 Dec 2016 17:18:00 +0000: $1,350,000 :: 633 S Lake Avenue , Unit 4, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 full, 1 part baths
    Home size: 2,290 sq ft
    Lot Size: 19,467 sq ft
    Added: 09/20/16, Last Updated: 12/10/16
    Property Type: Residential, Townhouse
    MLS Number: 316008913
    Community: Pasadena (SE)
    Tract: Not Applicable-648
    Status: Active


    Luxurious, 4-story Chateau style townhouse located in Sabine on South Lake. The unit features two master bedroom suites, 2.5 baths, and a built-in private elevator accessing all floors. Main master offers a walk-in closet as well as a separate built-in closet organizer. The second master is spacious with a private balcony with outdoor fireplace overlooking the beautiful courtyard and Sabine community. The gourmet kitchen has Viking stainless steel appliances, custom crafted cabinetry, and top of the line granite countertops and backsplashes. The community offers gated entry, security cameras throughout the complex, fitness center, open courtyard with fountains and secured parking. Each unit has direct access to its own two-car garage. Additional features include heated marble flooring bathrooms, accent bathroom sink lighting, guest powder room, plantation shutters, recessed gallery lighting, front and back patio, crown molding, and hardwood floors throughout. Just minutes from the shops and restaurants on South Lake - A MUST SEE!!

    Listed with Christian Stillmark (w/ Scott James), Coldwell Banker


    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, 10 Dec 2016 15:02:00 +0000: $1,125,000 :: 731 N CHESTER Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,689 sq ft
    Lot Size: 7,385 sq ft
    Added: 11/17/16, Last Updated: 12/10/16
    Property Type: Residential, Single Family Residence
    MLS Number: 16180298
    Community: Pasadena (NE)
    Status: Active


    Situated within the esteemed Bungalow Heaven district, this 1913 Craftsman marries a vintage soul with thoughtful upgrades for modern living. Upon entry, the home reveals a spacious living and dining area that seamlessly flows into a cook's kitchen, which boasts a flood of natural light, stainless steel appliances, custom cabinets, granite countertops and a segway to the family room. Along with two sizable bedrooms and a shared bathroom, the home features a charming master suite replete with a fireplace. Classic French doors lead to a tranquil backyard space laced with drought resistant landscaping. Beyond the backyard sits a newly remodeled yoga studio designed to accommodate as an exercise room or office. With everything from a pretty porch to contemporary lighting, this turnkey home offers much to its inhabitants and is conveniently located to fabulous shopping, dining and cultural venues.

    Listed with Jane Dorian, Partners Trust Brentwood


    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, 10 Dec 2016 14:46:00 +0000: $1,068,000 :: 3321 Grayburn Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,903 sq ft
    Lot Size: 7,294 sq ft
    Added: 10/26/16, Last Updated: 12/10/16
    Property Type: Residential, Single Family Residence
    MLS Number: AR16733647
    Community: Pasadena (SE)
    The price of this listing was last reduced on 11/30/2016 by 8%
    Status: Active


    Completely renovated jewel. Located in prime Chapman Woods area, this Spanish Villa is hidden in the middle of of oak trees and lush green grass. To maintain its original charm and elegance, renovations including new roof, new kitchen, new bath rooms, addition of new add on family room, new air conditioner and new two car garage and etc... are all geared up to finest craftsmanship to preserve its fine details. With new driveway leading back to new car garage and cozy court yard in the back, the front gate open up front porch and three wall windows bring inside the serenity of layering trees and lush green to the arched living room, reminiscent dinning room, and new updated kitchen for its owners to enjoy family moments and social gatherings.

    Listed with Wei Cheng, Coldwell Banker San Marino


    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, 10 Dec 2016 14:06:00 +0000: $635,000 :: 1152 Lincoln Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 1 full, 1 part baths
    Home size: 1,352 sq ft
    Lot Size: 6,762 sq ft
    Added: 10/10/16, Last Updated: 12/10/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316009553
    Community: Pasadena (NW)
    Tract: Not Applicable-645
    The price of this listing was last reduced on 12/10/2016 by 2%
    Status: Active


    Motivated Sellers - This charming and spacious 1925 home has been lovingly maintained and is now ready for its new family. This home features 3 bedrooms, 2 bathrooms, a spacious floor plan, renovated kitchen with granite countertops and stainless steel appliances, newer central air and heat, engineered hardwood floors and natural light throughout. Outside you'll find spacious living areas which are great for family gatherings and entertaining. The home is centrally located and within close proximity to the Rose Bowl, Old Town, Lincoln Crossings, the San Gabriel Mountains and has easy access to freeways. Your search ends here!

    Listed with Eva Rodriguez, 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, 10 Dec 2016 13:58:00 +0000: $2,186,990 :: 378 W Green Street , Unit 126, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 full, 1 part baths
    Home size: 3,045 sq ft
    Lot Size: 0 sq ft
    Added: 11/23/16, Last Updated: 12/10/16
    Property Type: Residential, Townhouse
    MLS Number: 16173750
    Community: Pasadena (SW)
    Status: Active


    VILLAS AT THE AMBASSADOR GARDENS IS SET AMIDST THE MORE THAN A CENTURY OLD HISTORIC AMBASSADOR GARDENS IS A PRESTIGIOUS, SIGNATURE ADDRESS RIGHT IN THE HEART OF OLD TOWN PASADENA., ENHANCED BY SUPERB CONTEMPORARY MEDITERRANEAN ARCHITECTURE BY RENOWNED BEVERLY HILLS DEVELOPER, ETCO HOMES. RESIDENTS ARE IMMERSED IN DRAMATIC OPEN-CONCEPT LIVABILITY THAT ENCOMPASSES 18 BRAND NEW TOWNHOMES, APPROXIMATELY 2904 TO 3717 SQUARE FEET OF LUXURY, WITH NO DETAIL OVERLOOKED AND THE FINEST MATERIALS AND CRAFTSMANSHIP EMPLOYED. ANTICIPATED MOVE-INS SPRING 2017. TERRACES TO BE RELEASED AT A LATER DATE.

    Listed with Patrice Quishenberry, Etco Homes 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/!


  • Sat, 10 Dec 2016 13:42:00 +0000: $475,000 :: 589 N Garfield Avenue , Unit 4, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 2 full baths
    Home size: 1,302 sq ft
    Lot Size: 0 sq ft
    Added: 10/04/16, Last Updated: 12/10/16
    Property Type: Residential, Condominium
    MLS Number: SR16176989
    Community: Pasadena (NE)
    The price of this listing was last reduced on 12/9/2016 by 3%
    Status: Active


    This beautiful newly remodeled townhome is close to 210, 134 and 110 Freeways, Metro Line, Old Town Pasadena, recreational parks, dining and shopping. This move-in ready unit features brand new flooring, new countertops, fresh paint and new fixtures throughout. Washer and dryer are conveniently located in the unit. This community is pet friendly, offers a community pool and common area. The newly remodeled kitchen offers all new tile flooring, countertops and appliances. Easy accessibility to your unit through the 2 car garage and gated entry. This unit also includes a peaceful and private patio area for entertainment. This unit is move-in ready!! Do not miss out on this opportunity to own this beautiful townhome.

    Listed with Herubay Ahumada (w/ Kevin Crane), Keller Williams Westlake Villa


    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, 10 Dec 2016 11:58:00 +0000: $667,900 :: 3340 Paloma St Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 1 full bath
    Home size: 1,432 sq ft
    Lot Size: 7,229 sq ft
    Added: 11/01/16, Last Updated: 12/10/16
    Property Type: Residential, Single Family Residence
    MLS Number: 316010213
    Community: Pasadena (NE)
    Tract: Not Applicable-646
    The price of this listing was last reduced on 12/10/2016 by 3%
    Status: Active


    Charming Traditional home in an excellent northeast Pasadena Neighborhood .Paloma is a lovey tree lined just west of Hastings Ranch and East of Daisy Villa ,nearby shops are Trader Joes , Whole Foods , Islands and for Baked good and Coffee Panera .The front yard and side yards have been completely redesigned with professional lansdacaping co all new irrigation system , new sprinklers system to give it additional curb appeal .Upon entrance enjoy a large living room , hardwood floors and a fireplace .Kitchen offers a small breakfast nook along with granite countertops and oak cabinets also adjacent laundry room can easlily be converted to a 2nd bathroom . Bright family room room which overlooks the recently replastered sparkling pool . Copper plumbing throughout the house along with an updated electrical ,dual pane windows abs a newer Central AC unit .Two bedrooms each with its own view , one of which overlooks the pool and the other a nice Mountain view .Detached a 2 car garage off Sierra Madre . Ready to move in

    Listed with Noubar Shekerdemian, Berkshire Hathaway HomeService


    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, 10 Dec 2016 10:54:00 +0000: $742,000 :: 270 E Glenarm Street E , Unit 104, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 3 full baths
    Home size: 1,550 sq ft
    Lot Size: 0 sq ft
    Added: 11/17/16, Last Updated: 12/10/16
    Property Type: Residential, Townhouse
    MLS Number: CV16194849
    Community: Pasadena (SE)
    Status: Active


    BACK ON THE MARKET and PRICE REDUCED. Turn Key Home. It's all about location, location, location. This beautiful condo is located in a nice quiet neighborhood in Madison Heights neighborhood. Close to old town Pasadena and near the 110 freeway. On the first floor you will be greeted with a nice open floor plan with a beautiful fireplace. The kitchen has stainless steel appliances and granite counter tops. On the second level there are 2 Bedrooms including an open loft that can be used as a office, living room, or game room. On the third floor you can rest in your own full bath, walk in closet, master bedroom which includes a nice cozy fireplace to stay nice and warm during the winter. The courtyard is nicely landscape for a nice quiet evening outside. The two car garage includes extra storage place to keep your items well organized. Also seller is motivated that he is leaving most of the furniture in the first floor including screen t.v. etc.

    Listed with CYNTHIA FLORES, RE/MAX LEADERS 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, 10 Dec 2016 10:30:00 +0000: $958,000 :: 970 N Hastings Ranch Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 2 full baths
    Home size: 1,923 sq ft
    Lot Size: 7,212 sq ft
    Added: 11/26/16, Last Updated: 12/10/16
    Property Type: Residential, Single Family Residence
    MLS Number: AR16200298
    Community: Pasadena (NE)
    Status: Active


    Back On The Market- Location-Location-Location...This beautiful hard to find updated home is located in one of the most sought out neighborhood of Pasadena, upper Hastings Ranch. This home has a great open floor plan and lots of natural light and great view of the pool from most rooms. All updates have been well thought to make this house a perfect home to enjoy the indoor and outdoor living. The large family room has lots of windows and a sliding door opening to the back yard with a great view of the pool and spa. Other features are living room with wood burning fireplace, large formal dining room, large breakfast nook area off the kitchen, large bedrooms, a large master bedroom suite with his and her closets, beautifully updated kitchen & bathrooms with plenty of custom cabinets and quartz counter tops, new Samsung stainless steel appliances, Farmhouse stainless sink, new wood flooring, custom carpet in bedrooms, crown moldings, recessed lighting, all new lighting and plumbing fixtures, central A/C, custom paint, professional landscaping, automatic sprinkler, Malibu Light, and more......Walk to see rose parade floats on Sierra Madre Blvd! This home is your perfect dream home!

    Listed with Mandy Alavi, Red Door 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/!


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