Pasadena real estate numbers are out for the month of August. I’ve put together a visual graphic for my clients to provide a quick overview of the real estate market conditions:
Here are some of my observations:
1. This summer has truly been an incredible recovery for many property owners that have taken the plunge and put their home on the market in Pasadena.
2. Multiple offers continued through the summer and are still seen on a daily basis.
3. Inventory is still very low. Banks are holding on to their “shadow inventory” and not releasing many foreclosures.
4. Home buyers have increased their purchase power with the historically low interest rates and many are able to lock in these interest rates long term – 10, 15 and 30 years.
5. Many Pasadena home sellers are beautifully presenting their property by having it professionally staged and many are providing inspection reports to potential buyers.
6. Acceleration Clauses are being strategically used by home buyers and their agents.
Quick statistics:
- 89 homes sold in August and 91 homes were listed.
- Average price of single family home sold in North West Pasadena was $630,000 last month vs. $513,000 same period last year – a 22.8% increase.
- Average price of single family home sold in South West Pasadena was $902,000 last month vs. $1,018,000 same period last year – an 11.4% decrease.
- Average price of single family home sold in North East Pasadena was $569,000 last month vs. $469,000 same period last year – a 22.3% increase.
- Average price of single family home sold in South East Pasadena was $885,000 last mont vs. $1,286,000 same period last year – a 31.2% decrease.
Homes in the lower price range are moving much quicker than higher priced homes. We are definitely seeing a lot more first time home buyers which again speaks to the lower interest rates making it more possible for folks to afford a home and in many cases more financially advantageous than renting.
Interested in more information about Pasadena and surrounding cities, check out our City Guides below:
And, if you are interested in fun activities to do in Pasadena, take a look at our 365 Things To Do in Pasadena® page.
Thinking of selling your San Marino or Pasadena home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Pasadena Real Estate Market.
See all Pasadena Homes that Recently SOLD:
There’s no better way to learn the market. 🙂
- Wed, 18 May 2022 14:47:00 +0000: $1,449,000 :: 26 San Miguel Road, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 1,758 sq ft
Lot Size: 8,264 sq ft
Added: 04/06/22, Last Updated: 05/18/22
Property Type: Single Family
MLS Number: P1-8922
Community: Pasadena (SW)
Tract: Not Applicable
Status: Sold
This charming brick faced traditional home is located in the coveted San Rafael flats area of Pasadena. The home was remodeled in 2021 and boasts an open concept floor plan incorporating a chef's Kitchen and large eating area with a stunning casual living room. The kitchen has quartz counter tops, designer tile backsplash and a large quartz top island with ample seating opportunity. Featured appliances include a Bertazzoni Stove and refrigerator, Bosch dishwasher, Manitowoc icemaker and Zephyr mini fridge. There is a separate laundry room with soapstone counters, sink and storage. A charming courtyard features a fireplace and ample seating. The rear yard has a large grassy area and separate patio.Additional FeaturesDual Paned windowsPlantation ShuttersNew HVAC System and ducts - 2021Electronic gate at drivewayProfessional landscape lighting
Listed with Vicky Botsford | (626) 705-6207, 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, 18 May 2022 13:47:00 +0000: $2,888,000 :: 1615 Knollwood Drive, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,547 sq ft
Lot Size: 25,047 sq ft
Added: 04/25/22, Last Updated: 05/18/22
Property Type: Single Family
MLS Number: OC22084746
Community: Pasadena (NW)
Status: Sold
Very rarely does a home of this caliber come on the market! Stunning mid-century home in the coveted upper Linda Vista area of Pasadena pairs tranquil privacy with VIEWS FOR MILES -- all the way to the dome of City Hall! The open view corridor also gives you and your guests a private, unobstructed view of the Rose Bowl fireworks. Elegantly remodeled by the current residents with the highest quality finishes throughout, including an enormous gourmet kitchen with Bosch, Thermador and Viking appliances. Plenty of room for your wine collection in the built-in wine refrigerator next to the clear "dice" ice machine. This kitchen is not only a dream for your resident chef, but for your guests to gather in, too! The rear of the home opens wide to a gorgeous, wrap-around 1588SF Brazilian hardwood deck for coveted indoor/outdoor living. Indeed, this single-level home features a beautiful flow throughout. Featuring two large bedrooms and a smaller third bedroom (11' x 11') currently set up as a 'flex' space for use as home office/guest room; all three bedrooms have modern en-suite baths. Porcelain tiled flooring imported from Italy runs throughout the home and the radiant floor heating beneath it has separate programmable controls in every zone. Thoughtfully designed so that all shades can be left open day and night without compromising your privacy, maximizing the light and your enjoyment of the spectacular views. A low-maintenance 'nature preserve' filled with native oak trees and songbirds caps off this one-of-a-kind property on more than a half-acre in a special neighborhood known as 'The Knollwoods.' Don't miss this spectacular home!
Listed with Carole Lynch | 949-280-2882, eXp Realty of California 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/! - Wed, 18 May 2022 12:27:00 +0000: $1,161,000 :: 890 N Michigan Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,125 sq ft
Lot Size: 7,349 sq ft
Added: 04/25/22, Last Updated: 05/18/22
Property Type: Single Family
MLS Number: P1-9207
Community: Pasadena (NE)
Tract: Not Applicable
Status: Sold
Nestled in the middle of the highly sought-after Bungalow Heaven Landmark District, this Craftsman bungalow was built in 1922 by William H. Galbreath and offers 2 bedrooms and 1 bath all on a single level. This is a 'contributing' home that is part of the National Register of Historic Places, and the home itself has many original details including the covered front porch, fireplace, built-ins including bookshelves with glass covers, crown moulding, windows, oak wood floors, and French glass doors. Home is bolted, with copper plumbing and AC with permits. The entire house exterior was repainted with the same colors as before in January 2022. Other highlights include a kitchen nook, large walk-in closets with laundry chute, covered shelves, and drawers, and built-in ironing board. Relax and enjoy the California weather in the spacious, flat backyard that provides lots of room for expansion. The convenient long driveway with driveway gate leads to the detached 2-car garage for ample parking. Close to McDonald Park and all that Pasadena has to offer including dining, shopping, entertainment, and recreation destinations.
Listed with Michael Bell | (626) 796-4100, Sotheby's International 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/! - Tue, 17 May 2022 21:34:00 +0000: $996,677 :: 150 Virginia Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 813 sq ft
Lot Size: 5,846 sq ft
Added: 04/05/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: P1-8909
Community: Pasadena (SE)
Tract: Not Applicable
Status: Sold
Built in 1933 this charming 2 BR, 2 Bath English Cottage is located on a tranquil, tree lined street in desirable SE Pasadena. The front path leads you to a welcoming covered front porch framed by a delightful climbing rose. Stepping into the entry leads to the living room flooded with natural light and highlighted by the original fireplace accented with brick and a wooden mantle. The kitchen was tastefully remodeled in 2014 and offers details such as period inspired tile, mahogany countertops, wood floors, farmhouse sink, ample storage, butler's pantry with leaded glass accents and a delightful built in dining nook. French doors lead out to a 300-sf deck perfect for outdoor dining and relaxation. Original hardwood flooring throughout. Majority of the windows have been replaced. Separate laundry closet with stackable washer/dryer.The primary bedroom features a large closet and French doors that open onto the deck and out to the private and lush garden filled with roses, citrus trees, camellias and raised vegetable beds. The hallway bathroom was remodeled in 2004 and features a charming clawfoot tub and pedestal sink.The guest bedroom with its ensuite 3/4 bathroom is accented with classic original tile and includes a large closet. The gated driveway leads to the detached 2-car garage that offers ample storage.
Listed with Bradley Mohr | (626) 945-8683, 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, 17 May 2022 20:57:00 +0000: $789,000 :: 1525 Wesley Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
1 bed, 2 baths
Home size: 1,100 sq ft
Lot Size: 4,500 sq ft
Added: 03/18/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: P1-8689
Community: Pasadena (NE)
Tract: Not Applicable
Status: Sold
Charming 1924 bungalow on nice lot located in close proximity to Washington and Hill shops and restaurants. Please do not disturb tenant. Property to be sold with existing tenant in place. Offers Due: Monday 3/28 at 12noon.
Listed with Jenny Stanley | (626) 437-4454, DPP
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, 17 May 2022 15:36:00 +0000: $860,000 :: 557 Flower Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 728 sq ft
Lot Size: 2,431 sq ft
Added: 04/23/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: P1-9192
Community: Pasadena (NE)
Tract: Not Applicable
Status: Sold
Welcome to this charming 1921, turnkey bungalow, located on a tree- lined street in a desirable neighborhood. This renovated home, has delightful curb appeal offering a beautiful drought tolerant front yard with a built-in bench. The interior of the home has been freshly painted throughout with neutral colors. The light-filled living room has new quality vinyl floors, that flow throughout the entire home. The cozy dining room opens to the living area. The bright kitchen has butcher block counter tops, white cabinets with soft close drawers, tile backsplash, new stainless steel appliances, stackable washer, and dryer. The bathroom has subway tile in the shower bath combo, tile flooring, and vanity complete the newly updated look. There are 2 spacious bedrooms. The private gated side yard is perfect for entertaining and outdoor dining year-round, with beautiful views of the mountain. It includes planter boxes, potted plants with drip system, and automatic Rain Bird sprinkler for easy maintenance. There is a detached one car garage with shelving. This home is close to Christmas Tree Lane, Old Town Pasadena, Rose Bowl, hiking trails, restaurants, stores, schools, and so much more!
Listed with Sylvia Horlacher | (626) 298-9282, Berkshire Hathaway HomeServices California 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/! - Tue, 17 May 2022 12:26:00 +0000: $1,370,000 :: 1879 E Orange Grove Boulevard, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,499 sq ft
Lot Size: 10,577 sq ft
Added: 04/07/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: PF22069415
Community: Pasadena (NE)
Status: Sold
Built in 1923, this pristine home is located on one of the most coveted streets in North East Pasadena. Featuring 3 bedrooms and 2 bathrooms, this home has been updated throughout. You are welcomed with an inviting porch. Enter the spacious living area boasting an abundance of natural light, hardwood floors, built-ins and a cozy fireplace. Separate dining room with access to the side yard with mature fruit trees. The custom kitchen offers marble floors, an island, stainless steel appliances and tile backsplash. Two bedrooms share one bathroom while the 3rd bedroom could double as an office/den and has a half bath right off the kitchen with it's own access to the expansive backyard. A detached garage with abundant storage offers plenty of possibilities. Access to the garage through the rear alley. Plenty of room to park an RV. Lots of fruit trees on the lot including: grapes, apple, citrus, pomegranate, peach, fig, guava, tangerine, Camilla, passion fruit and much more. Within close proximity to the 210 freeway, restaurants, shopping, parks, metro, Old Town Pasadena and Paseo Colorado. This home has a ton of character and endless possibilities for expansion. Move in ready and a MUST SEE!
Listed with Sylva Khayalian | 310-409-2885, Redfin Corporation
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, 17 May 2022 12:07:00 +0000: $1,500,000 :: 448 Tamarac Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,500 sq ft
Lot Size: 12,890 sq ft
Added: 03/01/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: CV22041522
Community: Not Defined
The price of this listing was last reduced on 3/30/2022 by 1%
Status: Sold
First time on the market for this charming 1941 home that includes the adjacent lot! This property offers an exceptional opportunity to own a home in the desirable San Rafael Hills neighborhood with lots of room for expansion or possibly even a second home. Featuring views of the neighborhood and hills this property is close to Eagle Rock, Old Town Pasadena, and transportation, yet is removed from the hustle and bustle. Tree lined streets, and beautiful homes surround this property and it is not to be missed. Plans were originally drawn with a downstairs bedroom and bathroom which was later built but not on title. Second lot is over 7000 square feet and located on corner of Tamarac and La Loma and features driveway access. Buyer to do own due diligence.
Listed with JADE KNIGHT | 626-335-8118, CORCORAN GLOBAL LIVING
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, 17 May 2022 11:26:00 +0000: $820,000 :: 160 E MOUNTAIN Street, Pasadena CA, 91103 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,048 sq ft
Lot Size: 1,804 sq ft
Added: 03/31/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: 22140069
Community: Pasadena (NW)
Status: Sold
This Deerfield Colonial 2 story home with a slight modern twist features an open floor concept with travertine tile flooring throughout the first floor. Home also includes a private laundry room with ample storage space and has entry access to the side of home. Kitchen features granite countertops with subway tile backsplash and stainless steel appliances. Laminate floors throughout stairway and bedrooms. Home also features a cupboard under the stairs as additional storage closet. Both bedrooms are generous in size and bring in natural light. Primary bedroom features a private, elongated L shaped balcony that is perfect for relaxing or private gardening. Full bathroom renovation done in April 2021 featuring brand new copper plumbing, porcelain tile flooring, air vent, water efficient toilet, glass door shower, and a recessed medicine cabinet above the vanity. The entire home is equipped with dimmable recessed lighting, plantation shutters, central AC/heat and dual pane windows. Energy efficient new roof recently installed in 2017. Home also includes a tankless water heater and garage unit comes with built in cabinets for additional extra storage. The rear of the home has an area perfect for gardening or BBQ'ing, along with an additional shaded gated space. Private remote accessed gate for security. Minutes to Old Town Pasadena, El Paseo, lots of Shopping Sites and Restaurants, The Rose Bowl, Metro Gold Line and more.
Listed with Laura Palma | 310-993-7998, Keller Williams Beverly Hills
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, 17 May 2022 11:17:00 +0000: $750,000 :: 769 Boylston Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,191 sq ft
Lot Size: 7,441 sq ft
Added: 02/25/22, Last Updated: 05/17/22
Property Type: Single Family
MLS Number: BB22037275
Community: Pasadena (NW)
The price of this listing was last reduced on 4/14/2022 by 3%
Status: Sold
Incredible Opportunity To Own An Original and Unique Adirondack Style Architecture Craftsman Property Designed & Built By The Famous Roycroft Group With Materials Imported From East Aurora, NY. Property Is Adjacent To Bungalow Heaven & Orange Heights In Beautiful Pasadena, With Tremendous Upside! Featuring A Large Expansive Lot, Build an ADU In The Back, The Possibilities Are Many. Calling Those Who Are Enthusiastic Toward Taking On A Renovation Project!
Listed with Oscar Carlos | 888-584-9427, Exp Realty of CA 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/!
