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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, 05 Dec 2021 12:05:00 +0000: $1,695,000 :: 658 W Howard Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 5 baths
    Home size: 2,798 sq ft
    Lot Size: 9,584 sq ft
    Added: 11/10/21, Last Updated: 12/05/21
    Property Type: Single Family
    MLS Number: P1-7546
    Community: Pasadena (NW)
    Tract: Not Applicable
    Status: Conditional


    Welcome to this beautifully remodeled 4 bedroom, 5 bathroom modern farmhouse just minutes from the Rose Bowl, San Gabriel Mountains, Aquatics Center, Kidspace Children's Museum, biking and hiking trails and much more. As you open the front door you are met with a large light filled open space including the beautiful gourmet kitchen, dining and living areas perfect for entertaining along with a powder room for guests. Off of the kitchen you'll find a butler's pantry and a tucked away bathroom and bedroom or office. Head down the main hallway to find 2 additional bedrooms with en-suite bathrooms and a large inviting primary suite boasting double closets and a bathroom with double vanity, freestanding soaking tub and separate shower. From this private retreat, you have direct access to the deck and backyard. Plenty of bonus features including 2 tankless water heaters, dual HVAC system, double pane windows, a pot filler behind the range, reverse osmosis water filter, video doorbell, Nest thermostat and further upgrades throughout. Don't miss this opportunity to enjoy Pasadena living at its finest!

    Listed with Stephanie Weber CalDRE: 02097511 | (310) 701-7206, Coldwell Banker 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, 05 Dec 2021 03:14:00 +0000: $1,630,000 :: 93 N Craig Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,092 sq ft
    Lot Size: 9,148 sq ft
    Added: 09/14/21, Last Updated: 12/05/21
    Property Type: Single Family
    MLS Number: WS21202997
    Community: Pasadena (SE)
    Status: Active


    INVESTORS, DEVELOPERS, 93 N CRAIG (APN 5746-009-049) THIS IS A SINGLE FAMILY 3 BEDROOM 1 BATH WITH PLANS FOR A 6 UNIT SUBDIVISION CONOMINIUM PROJECT. THE PROJECT IS IN THE FINAL PHASE OF APPROVAL, PLEASE CONTACT FOR MORE INFORMATION. CLOSE DISTANCE TO SCHOOL (PASADENA CITY COLLEGE & DOWNTOWN).THE PROPERTY NEXT DOOR IS AVAILABLE FOR SALE AS WELL97 N CRAIG (5746-009-050)Please note there are multiple listing ID please reference:WS21191608WS21202980WS21202997

    Listed with ALEXANDER LAI CalDRE: 01961835 | 626-282-9105, LONGO INVESTMENT, 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, 04 Dec 2021 18:05:00 +0000: $980,000 :: 571 N Madison Avenue, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,952 sq ft
    Lot Size: 8,277 sq ft
    Added: 10/18/21, Last Updated: 12/04/21
    Property Type: Single Family
    MLS Number: PW21231711
    Community: Pasadena (NE)
    Status: Active


    Beautiful Craftsman home located in Pasadena ready for a new family. The property boasts a huge lot with a detached 3 car garage. Home is located a short distance from old town Pasadena with shops and restaurants close by. Do not miss your opportunity to own a Pasadena Craftsman.

    Listed with Brett Salas CalDRE: 01754348 | 949-375-3176, Sunburst 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/!


  • Sat, 04 Dec 2021 11:32:00 +0000: $719,000 :: 106 S Sierra Madre Boulevard #6F, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 1,351 sq ft
    Lot Size: 22,216 sq ft
    Added: 12/03/21, Last Updated: 12/04/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: BB21259370
    Community: Pasadena (SE)
    Status: Active


    Welcome to this 3 bedroom 2 1/2 bath home located in a very desirable location of Pasadena. Easy walking distance to stores, post office and restaurants and very close to San Marino, Cal Tech and the Huntington Library. This home has newer wood laminate floors though out many of the rooms, smooth ceilings and has been recently painted. The private front patio is perfect for the plant enthusiast and in addition there is a balcony off of the master suite and dining room. There is lots of natural light. The large dining area overlooks the living room with a gas starter fireplace. The dining room also features a wet bar which is great for entertaining. The laundry is located in the large two car attached garage where there is also a large storage room. This is a quiet complex with many long term owners. Must see to appreciated the location and possibilities.

    Listed with Joyce Starleaf CalDRE: 00782682 | 818-239-3500, Keller Williams Realty World Media Center


    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, 04 Dec 2021 11:00:00 +0000: $1,599,999 :: 426 Elmwood Drive, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    5 beds, 4 baths
    Home size: 2,599 sq ft
    Lot Size: 6,099 sq ft
    Added: 12/04/21, Last Updated: 12/04/21
    Property Type: Single Family
    MLS Number: CV21258494
    Community: Pasadena (SW)
    Status: Active


    Beautiful Modern Home nestled on a private hillside street in the established neighborhood of South Arroyo in Pasadena. This Five Bedroom Four bath Home boasts a layout with suitable space and privacy on each level. Perfect set up for those who work from home. Upon entry, you are greeted with a Formal Foyer on the first level equipped with Two large bedrooms and Full bath, with full access to the stairs leading down to the 3 Car garage. Step up to two more generously sized bedrooms, Full bath and laundry room. Next level up you will find the Master suite with en-suite bathroom complete with soaking tub and European style stall shower, walk-in closet, Fireplace, sitting area, plenty of natural light, and it's own large balcony. All floors have access out to private patios with panoramic breathtaking canyon views. Sprawling from downtown Los Angeles to the Rose Bowl. Next, find yourself stepping into the Remodeled Gourmet Kitchen and living room with a Den and sitting area with lovely Fireplace. Kitchen features island, plenty of cabinet space, new cabinetry, granite countertops, and high-level Kitchen Aid appliances. Step outside the metal doors to a entertainer's backyard with tranquil waterfall and oak tree. Just freshly painted exterior white. Taking this already Modern home to the next level. Price reflects opportunities to improve to your liking. This entertainer's dream home will not last long on the market. Schedule a private showing to come see today!!

    Listed with AUTUMN WEAVER CalDRE: 02000229 | 909-445-8100, 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/!


  • Sat, 04 Dec 2021 05:43:00 +0000: $880,000 :: 41 S Daisy Avenue, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,420 sq ft
    Lot Size: 9,584 sq ft
    Added: 02/20/21, Last Updated: 12/04/21
    Property Type: Single Family
    MLS Number: AR21035762
    Community: Pasadena (NE)
    Status: Active


    IInvestors dream, Historical Fixer, existing house was a duplex and per city of Pasadena can be converted to Single Family House of 2,162 SF + 210 carport and Can Build another 2 Story House in the back with 1319 Sq FT+ 333 carport. Plans are pending approval. This property qualifies for Mills Act for lower property taxes.

    Listed with Pierre Khabbaz CalDRE: 01889199 | 323-855-5001, Partners Plus 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/!


  • Sat, 04 Dec 2021 05:43:00 +0000: $2,100,000 :: 1440 Chamberlain Road, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,652 sq ft
    Lot Size: 6,970 sq ft
    Added: 11/25/21, Last Updated: 12/04/21
    Property Type: Single Family
    MLS Number: P1-7577
    Tract: Not Applicable
    Status: Active


    Welcome to this sophisticated mid-century modern home located in one of Pasadena's most sought-after Linda Vista hill neighborhood. This single level home offers spacious three bedrooms and three bathrooms with ample natural lights from the expansive windows and french doors throughout. Located in private cul-de-sac street, you will enjoy tranquility and amazing views! Splash in a pool for summer days, enjoy BBQ in a large patio in a private backyard, have an afternoon tea or coffee in a sunroom, share the pop-corn in a comfortable living room while watching movies, bake cupcakes and cook new recipes in spacious kitchen and kitchen island with friends and families. This home has an exquisite finishes, easy flow, fantastic flow of entertaining areas both inside and out. The spacious two car garage is equipped with the electric vehicle charger. Only few miles away from the Rose Bowl, Old Town, freeways of 210, 134, 110 while it offers the serenity and nature. Truly a unique property and location. Must see to appreciate!

    Listed with Eun Sung CalDRE: 01923230 | (626) 321-2801, COMPASS


    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, 04 Dec 2021 03:53:00 +0000: $549,000 :: 125 N Allen Avenue #107, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,147 sq ft
    Lot Size: 51,401 sq ft
    Added: 08/01/21, Last Updated: 12/04/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-6037
    Community: Pasadena (SE)
    Tract: Not Applicable
    Status: Conditional


    Great Location!!! This fabulous unit with 1,147 SqFt offers 2 Bedrooms, 2 Baths, patio, recessed lights, central heating/cooling and many more amenities.The living room with a fireplace is a perfect place to relax with sliding doors leading to the patio. The Unit was recently updated with vinyl floor and new coat paint.Kitchen has a granite counter, microwave and range oven that are less that 24 months old.Two tandem garage spot with a storage space.Very well maintained and secure building.Community features includes, sparkling swimming pool, gym and sauna.Conveniently located 2 blocks from PCC, shops, restaurants, Metro Gold Line and 210 Fwy.

    Listed with Marina Kilzi CalDRE: 02040845 | (818) 281-9272, Coldwell Banker 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/!


  • Fri, 03 Dec 2021 14:58:00 +0000: $685,000 :: 101 N Grand Avenue #19, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,235 sq ft
    Lot Size: 0 sq ft
    Added: 12/03/21, Last Updated: 12/03/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-7645
    Community: Pasadena (NW)
    Tract: Not Applicable
    Status: Active


    Welcome to Plaza del Arroyo, a mid-century modern architecture community designed by prominent architect Lionel Mayell. This beautiful 2-Bedroom Condo is embraced by lushly landscaped grounds with a center fountain and exemplifies elegant everyday living surrounded by estates of architectural significance. Upon entering, you are greeted to gleaming hardwood floors and an open living/dining layout with a view balcony for comfortable alfresco lounging or dining. The kitchen yields an efficient culinary design fitted with all new appliances. Strategically situated at the back of the unit, the voluminous primary suite savors the privacy of its bathroom, plus two closets and a balcony. The secondary bedroom is likewise spacious, with a full bath across the hall. The condo includes a private two-car garage. This prime location is within walking distance to Pasadena Old Town, The Rose Parade, The Arroyo, Norton Simon Museum, and The Rose Bowl & Aquatic Center.

    Listed with Bernadette Pittroff CalDRE: 01429045 | (714) 425-0814, COMPASS


    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/!


  • Fri, 03 Dec 2021 10:46:00 +0000: $875,000 :: 238 S Arroyo Parkway #307, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,410 sq ft
    Lot Size: 0 sq ft
    Added: 12/02/21, Last Updated: 12/03/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-7643
    Community: Pasadena (SW)
    Tract: Not Applicable
    Status: Active


    Spectacular, sophisticated condo in The Dalton adjacent to Old Town Pasadena. A light and airy extensively upgraded unit with dramatic soaring ceilings, walls of glass and polished concrete floors create a contemporary feel. The open concept floor plan includes a spacious dining area adjacent to a well-appointed modern kitchen with bar seating, Caesarstone quartz counters, dark wood cabinetry, generous pantry with custom shelving and stainless steel appliances. A comfortable living area with beautiful natural light extends onto a large west facing balcony. The primary suite with secondary balcony features two large closets spanning an impressive 11 foot ceiling height and en-suite full bath with double sinks, large shower and separate soaking tub. A secondary bedroom with plentiful storage and custom cabinetry has a hall bathroom equal in size to the primary. Additional amenities for high quality living include: automatic custom window shades, Nest thermostat, in-unit laundry, two side-by-side parking spaces in the gated subterranean garage, common area courtyards, gym, rooftop deck with bbq area and guest parking spaces. Blocks to Old Town Pasadena, Paseo Colorado, Whole Foods, Trader Joe's, Central Park, Metro Gold Line and Huntington Hospital. Conveniently located minutes from the Rose Bowl, Caltech, Pasadena City College, within 15 miles of downtown and USC and easily accessible to major freeways!

    Listed with Grace Chang CalDRE: 01788890 | (626) 318-2028, Coldwell Banker 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/!


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