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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:

  • Wed, 24 Apr 2024 14:04:00 +0000: $849,000 :: 51 S San Gabriel Boulevard #1, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,472 sq ft
    Lot Size: 20,008 sq ft
    Added: 04/01/24, Last Updated: 04/24/24
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-17066
    Community: Pasadena (SE)
    Status: Conditional


    Welcome to this stunning contemporary townhouse in Pasadena just north of San Marino. Built in 2008, this two story 1472 square foot, two bedroom, two bathroom home is a true gem, boasting architectural elements such as crown mouldings and high ceilings that add a touch of elegance to the space.As you step inside, you'll be greeted by an abundance of natural light as well as a large open floor plan perfect for entertaining. The modern kitchen is a chef's delight with Italian style kitchen cabinets and granite counter tops as well as top of the line Bosch appliances. It's equipped with plenty of counter space and storage.The living area features a cozy fireplace, perfect for relaxing evenings. In addition to the two spacious bedrooms, this townhouse includes a home office or den, providing a versatile space for remote work or creative endeavors.The home has a private two car garage, with extra storage space. There is a stacking laundry unit, an extra large top of the line, Samsung front loading washer and dryer. Washer was purchased in 2023. In addition to the laundry closet, there is great hall storage as well. Other new items for the home include a new roof in 2024, and new flooring in 2021. There are also indoor/outdoor blink security cameras already installed.Conveniently located near stores, restaurants, Caltech, the Huntington Library as well as freeways and Metro, this home is ready for you to move in and enjoy!

    Listed with Amy Engler CalDRE: 01413993 | (323) 481-8782, 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/!


  • Wed, 24 Apr 2024 13:55:00 +0000: $598,000 :: 277 Pleasant Street #217, Pasadena CA, 91101 - Pasadena Home Search
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    2 beds, 2 baths
    Home size: 1,098 sq ft
    Lot Size: 32,958 sq ft
    Added: 03/11/24, Last Updated: 04/24/24
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: NP24046828
    Community: Pasadena (SW)
    The price of this listing was last reduced on 4/18/2024 by 0%
    Status: Conditional


    Discover your new home in the heart of Pasadena with the beautiful updated and remodeled single level 2-bedroom 2-bath room condominium at 277 Pleasant Street # 217, Pasadena, CA. Ideally located on the quiet tree line street, close to Old Town, Paseo Colorado and South Lake shopping areas! This spacious condo went through a complete remodel. Brand new kitchen with all new cabinets, new quartz counters, and new appliances. New engineered wood flooring in kitchen and dining area. Roomy living room with cozy fireplace and large private covered patio. Remodeled cabinets and counters in both bathrooms. HOA dues include earthquake insurance, water and gas for the fireplace. Pleasant Street complex offers community swimming pool, fitness center and elevator. Two parking spots - Tandem. Conveniently located just minutes away from the Gold Line/Metro Link station, Caltech, PCC, and more.

    Listed with Jeff Stokes CalDRE: 00853601 | 949-355-3361, 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/!


  • Wed, 24 Apr 2024 13:39:00 +0000: $495,000 :: 465 S Los Robles Avenue #15, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 601 sq ft
    Lot Size: 19,873 sq ft
    Added: 04/18/24, Last Updated: 04/24/24
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: SB24074138
    Community: Pasadena (SW)
    Status: Conditional


    Welcome to this captivating top corner unit! It offers a unique blend of comfort and convenience, perfect for those seeking a stylish urban sanctuary. Conveniently located near Old Town Pasadena, the Metro Gold Line Station, Convention Center, Hospitals, universities, Whole Foods, Trader Joe's and an array of dining options, this unit provides easy access to all amenities.Once you step inside, you will discover a meticulously curated space adorned with designer furniture from CB2, West Elm, and Crate & Barrel, all negotiable to be included in the sale. The bathroom has been newly remodeled and the serene bedroom window provides a peak-a-boo Mountain View. Natural light pours in through high-end Milgard double-pane sliding doors and windows, allowing you access the patio from both sides of the living room and bedroom for a fresh breeze while enjoying a cup of coffee or a glass of wine under the sky. Residents can indulge in the pool, spa, elevator and access to the common laundry facility. This unit comes with an assigned 1-car covered parking space with ample storage, big enough for 2-3 bikes. This complex underwent a Special assessment for Seismic Retrofit last year and the upgrades are expected to take effect soon. The roof was redone in 2018. Whether you're seeking a permanent residence or a lucrative investment opportunity, don't miss out on the chance to make the exquisite property your own. Schedule a viewing and experience the best of Pasadena living!

    Listed with Amanda Elias CalDRE: 01912735 | 310-988-5919, Amanda Elias


    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/!


  • Wed, 24 Apr 2024 12:43:00 +0000: $2,390,000 :: 2070 Kinclair Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    5 beds, 5 baths
    Home size: 4,953 sq ft
    Lot Size: 26,197 sq ft
    Added: 02/12/24, Last Updated: 04/24/24
    Property Type: Single Family
    MLS Number: AR24029877
    Community: Pasadena (NE)
    Status: Conditional


    Location! Location! Location! This absolutely stunning home is situated in the world-famous city of Pasadena, only a couple minutes' drive from the Pasadena business center to many famous chain stores in the US, such as Best Buy and City Party. Banks, restaurants, supermarkets as well as the famous private school Polytechnic School K-12, Pasadena City College, and Caltech are also within a few minutes' drive. It sets atop a hill in the private area and exclusive gated community of Kinneloa Canyon Estates, The living area of the mansion is 4,953 square feet with 5 bedrooms and 5 bathrooms, built on an area of 26,199 square feet. A huge first-floor master bedroom offers 2 walk-in closets, a private office space (which could be used as a baby room), and a master bath with a spa tub. A spacious kitchen with granite counter tops, and a formal dining room overlook the swimming pool with a beautiful view. On the second floor, there is a large, warm family room with a fireplace and a spacious balcony, which overlooks the magnificent view of thousands of lights in Los Angeles! There is also an oversized 3-car garage and solar! ! No matter for your self-occupation or investment, it is your best choice and possession!

    Listed with Henry Liu CalDRE: 01378289 | 626-446-8999, Coldwell Banker Dynasty Arc.


    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/!


  • Wed, 24 Apr 2024 11:14:00 +0000: $1,299,888 :: 3180 Paloma Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,890 sq ft
    Lot Size: 8,708 sq ft
    Added: 12/08/21, Last Updated: 04/24/24
    Property Type: Single Family
    MLS Number: PW21237942
    Community: Pasadena (NE)
    Status: Conditional


    BACK ON MARKET Don't miss out!! Rare California BASEMENT included in this amazing custom Home on a 1/5 acre corner lot in Northeast PasadenaYes, we said basement! the 350+ square feet downstairs ready for your personal touches like man or womancave (no bias here!),family/entertainment room, home theater, room for more humans or ?. Hardwood throughout and well adorned front room graced by custom fireplace with excellent view of the mountains through the North facing picture window. Detached garage has separate access door to the private backyard. Large backyard has room for a Tuff Shed or PLEASE check with the excellent city buidling dept as to specifics about a potential ADU addition. Gorgeous narrow gauge hardwood floors Separate dining room off natural stone countered kitchen that features a a corner in-kitchen eating area. WATCH YOUR STEP as you open the basement access door; it is NOT a closet! Not familiar with Pasadena? It's near Hamilton & Victory Park, Eaton Canyon Golf Course and quick drive to hiking/walking trail heads for the adventurous. Another heritage benefit, just blocks away from the annual Rose Parade; the Tournament of Roses' float showcase where floats are parked for public viewing. Accentuate the custom features or modernize to your heart's content. The basement...you come up with the ideas. Just don't miss out. Horticulturalists: This was home base for the famous Beahm cactus epiphyllum in the 40s .. don't miss out!

    Listed with Len Beckman CalDRE: 00989193 | 714-267-1413, Millennium 3 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/!


  • Wed, 24 Apr 2024 07:56:00 +0000: $2,795,000 :: 1530 Lancashire Place, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,407 sq ft
    Lot Size: 16,466 sq ft
    Added: 04/24/24, Last Updated: 04/24/24
    Property Type: Single Family
    MLS Number: 24382741
    Community: Pasadena (NW)
    Status: Active


    Welcome to 1530 Lancashire Place! This fabulous Pasadena mid-century is located at the end of a peaceful cul-de-sac, in the heart of the prestigious Linda Vista neighborhood. Built in 1964, this home was thoughtfully reimagined and remodeled in 2008 to create the most efficient use of space within the existing footprint, while highlighting original features. Note the stunning exterior stone accent wall that seamlessly continues inside the entryway. The communal areas favor an open floor plan with a spacious kitchen, breakfast nook, formal dining room, and living room. There are four bedrooms, one currently used as den/guest room and three more located off a privacy wing. Two spacious bedrooms share a dedicated Jack and Jill bath. The primary bedroom enjoys a walk-in closet, ensuite bath, and French doors to the backyard. The designed focus and flow connect all interior spaces to the palatial backyard. Handcrafted double sliders lead you to a variety of outdoor living spaces. Enjoy the intimate covered porch, dine under the pergola-covered patio, play games on the grass or sports court, take a dip in the saltwater pool, or relax on the poolside deck. All are perfectly situated for the California climate, welcoming the morning sun and relaxing afternoon shade. Anchored by proximity to the iconic Rose Bowl, and surrounding parks, enjoy the wealth of easy access to a wide range of cultural and community events, from football to the flea market to summer music festivals all within the neighborhood! This remarkable home is made for comfortable living and entertaining. The seamless nature of the home's indoor and outdoor spaces give it a sweeping and expansive look and feel. Truly the ultimate space to enjoy the Southern California lifestyle.

    Listed with Kristin Fox CalDRE: 01506245 | 626-399-2246, 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/!


  • Wed, 24 Apr 2024 05:30:00 +0000: $4,788,000 :: 3585 Locksley Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 5 baths
    Home size: 4,255 sq ft
    Lot Size: 49,894 sq ft
    Added: 02/09/24, Last Updated: 04/24/24
    Property Type: Single Family
    MLS Number: TR24026276
    Community: Pasadena (SE)
    Status: Active


    Welcome to the gorgeous Chapman Woods neighborhood of Pasadena. This Monterey Colonial estate is enhanced by beautiful 1.14 flat acre of land with tremendous curb appeal. It has exquisite details both inside and out. Every room has high ceilings and crown moldings. Perfect floor plan. Formal living room with fireplace, formal dining room, large family room. Gourmet kitchen with massive island and an exquisite Wine Cellar. A den downstairs can also be used as a 5th bedroom. The 2nd level has a Master Suite with beautiful View and large balcony, along with other 3 bedrooms and 2 bathrooms.The spacious backyard has a swimming pool, Jacuzzi and various flowers and fruit trees. You could also design and build another house on the backyard. This elegant property offers a wonderful place for family and friends to entertain that cannot be missed! Professional photos will be uploaded soon. Property is temporarily on Hold due to cleaning and painting inside.

    Listed with Libby Gong CalDRE: 01867322 | 909-948-3772, Pinnacle Real Estate Group


    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/!


  • Tue, 23 Apr 2024 17:49:00 +0000: $1,699,000 :: 1571 Rose Villa Street, Pasadena CA, 91106 - Pasadena Home Search
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    3 beds, 2 baths
    Home size: 2,047 sq ft
    Lot Size: 12,690 sq ft
    Added: 04/22/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: P1-17359
    Community: Pasadena (SE)
    Status: Active


    Welcome to this beautiful three bedroom, two bath 2,047 square foot, 1926 English on one of the area'smost sought-after streets. The gracious residence, nestled in the historic Rose Villa-Oakdale LandmarkDistrict, is filled with the unparalleled artistry and quality of the period. The home welcomes you in via awide front porch that steps up into a gorgeous living room with a magnificent Palladian window as wellas a coved ceiling that leads your eye to the impressive Batchelder style fireplace. In addition, there is astately formal dining room, a light and bright kitchen, a lovely breakfast room, as well as a separatelaundry or mud room. The three spacious bedrooms include a primary bedroom, with an attachedbonus space that would be ideal to use as a sitting room or office offering views of the expansive rearyard. Other details include gleaming hardwood floors, 1920s hardware, rich, hand-carved wood work,French doors and so much more. The interior is a seamless marriage of elegance and extraordinarycraftsmanship.The exterior of the house exhibits picture-perfect curb appeal with its tall, gabled roof and verdant lawnall on a picturesque, tree-lined street that epitomizes the best of Pasadena living. Additionally, the large12,690 square foot lot, with mature trees and a detached two car garage, offers limitless possibilities alljust blocks from world renowned Caltech, Pasadena City College, South Lake Avenue and all thewonderful shops and restaurants that surround the area. Don't miss this idyllic property in one of ourmost coveted neighborhoods. It is truly a delight to behold!

    Listed with Dhari Thein CalDRE: 01403784 | (626) 437-7414, 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/!


  • Tue, 23 Apr 2024 17:37:00 +0000: $10,800,000 :: 1445 Edgecliff Lane, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    8 beds, 9 baths
    Home size: 7,335 sq ft
    Lot Size: 172,232 sq ft
    Added: 04/23/24, Last Updated: 04/23/24
    Property Type: Single Family
    MLS Number: AR24081454
    Community: Pasadena (NE)
    Status: Active


    Beautiful house with a panoramic priceless view of the city and Los Angeles. Single story house with high ceilings throughout. This house is one of a kind, too many features to list. Also, property includes a 3 bedroom and 1.5 bath guest house which has its own gated privacy. Main house has a finished basement with over 3000 square feet additional space.

    Listed with John Keshishian CalDRE: 01313311 | 626-433-3252, John Keshishian, BROKER


    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/!


  • Tue, 23 Apr 2024 17:02:00 +0000: $1,370,000 :: 155 Cordova Street #203, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 2,000 sq ft
    Lot Size: 16,353 sq ft
    Added: 04/20/24, Last Updated: 04/23/24
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: WS24079064
    Community: Not Defined
    The price of this listing was last reduced on 4/23/2024 by 1%
    Status: Active


    This beautiful 2 bed, 2 bath condominium is located in the upscale Terra Bella in the heart of Pasadena. Situated on the second floor, this elegant unit provides the feel and privacy of a single-family home, while the Terra Bella boasts the amenities of a luxury hotel with gym, spa and pool on the rooftop. The inside of the unit is lined with crown molding, recessed lights granite counter tops, and maple engineered hardwood floors. The picturesque great room features a lovely electric fireplaces, the exquisite kitchen features granite countertops, Italian cabinets, and Viking Professional appliances. The large master bedroom includes a walk-in closet and a charming fireplace along with a full en-suite bathroom with a walk-in shower, a spa bathtub, and heated marble tile flooring. There are multiple custom-built accessories though out.

    Listed with Irene Wan CalDRE: 01179295 | 626-292-7880, Irene Wan, Broker


    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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