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. 🙂
- Mon, 22 Apr 2024 12:03:00 +0000: $847,000 :: 1781 Glen Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,222 sq ft
Lot Size: 5,598 sq ft
Added: 03/06/24, Last Updated: 04/22/24
Property Type: Single Family
MLS Number: DW24039283
Community: Pasadena (NW)
Status: Sold
Welcome home to Pasadena! This updated Spanish home features 1,222 sq. ft. of livable space with 3 bedrooms and 1 bathroom. A spacious and open living room and dining room welcomes you as you enter. With a mini split system in the living room and a separate one in the dining room, temperature control is perfect in this home. The spacious kitchen overlooks the yard and has direct access to the driveway and exterior of the property. A hallway off the dining room leads to the 3 rooms and bathroom offering privacy to the south part of the home. The bathroom can be found as you enter the hallway and one of the three rooms faces the front of the property. This bedroom has a third mini split system while a 4th system is also located in the master bedroom. The master connects to the third bedroom towards the back of the home creating the perfect space for an additional bedroom, an office or any other use that is to your liking. A large 25x22 garage was built in 2013 and the electrical panel was updated in 2014 to a 200 amp system. This home is walking distance to various schools, the library and the city of Altadena. The freeway is minutes away as well as shopping and any amenity needed. This is the home you don't want to miss.
Listed with Jorge Gamboa | 310-901-5340, Century 21 Allstars
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, 20 Apr 2024 19:54:00 +0000: $3,850,000 :: 3543 E California Boulevard, Pasadena CA, 91107 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 5,680 sq ft
Lot Size: 39,392 sq ft
Added: 09/22/23, Last Updated: 04/20/24
Property Type: Single Family
MLS Number: AR23171596
Community: Pasadena (SE)
Status: Sold
This classic privately gated English Country Estate is on nearly one acre of lush landscaped grounds located in Chapman Woods area of Pasadena. The meticulously maintained property features a generous floor plan that includes a formal entry, large living room with adjacent music room/entertainment area with wet bar and access to the exterior spaces. A home office with built-in bookshelves. Two staircases and hardwood floors throughout the first level. Several rooms have exposed wood beams to complement the overall design of this traditional home.The updated kitchen includes an island, double ovens and a breakfast room. Fireplaces in both the grand formal dining room and the generous sized family room. The second level contains a spacious primary suite with multiple closets, fireplace, and balcony overlooking the rear gardens and pool. In addition, there are two bedroom suites. First level contains one bedroom suite. The backyard with manicured lawn is perfect for summer pool parties. The separate guesthouse includes living room, bedroom, bathroom, kitchen, fireplace, and a private home gym. All the amenities are included to complete this elegant estate.New roof installed in 2022 on both main house and guest house.
Listed with Peter Cheng | 626-233-6899, Treelane 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, 20 Apr 2024 17:15:00 +0000: $3,125,000 :: 622 Woodward Boulevard, Pasadena CA, 91107 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 4,255 sq ft
Lot Size: 17,011 sq ft
Added: 02/29/24, Last Updated: 04/20/24
Property Type: Single Family
MLS Number: 24363687
Community: Pasadena (SE)
Status: Sold
Welcome to this stunning 5-bedroom, 5.5-bathroom home located at 622 Woodward Boulevard in Pasadena. Boasting 4255 square feet of living space on a generous 17038 square foot lot, this property offers an exceptional living experience. As you step onto the property, you'll be greeted by a spacious U-shaped driveway providing ample parking and garage access. The home features high ceilings that create an airy and open atmosphere throughout. Pass through the formal living room, into a spacious family room that includes a convenient built-in bar. The kitchen is a chef's dream, equipped with modern appliances, a wine fridge, and ample storage space. All five bedrooms feature en-suite bathrooms, with the primary bedroom having a luxurious, large bathroom and an oversized walk-in closet, providing a private retreat within the home. Entertain guests in the backyard oasis, complete with a pool, hot tub, sport court, and pergola perfect for enjoying the California sunshine. Conveniently located, this home offers easy access to a range of amenities. Don't miss the opportunity to make this exquisite property your new home.
Listed with Anasuya Engel | 626-205-4040, 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/! - Thu, 18 Apr 2024 15:31:00 +0000: $1,635,000 :: 2135 E Orange Grove Boulevard, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,926 sq ft
Lot Size: 7,353 sq ft
Added: 01/04/24, Last Updated: 04/18/24
Property Type: Single Family
MLS Number: 24343743
Community: Pasadena (NE)
The price of this listing was last reduced on 2/10/2024 by 2%
Status: Sold
Very Motivated Seller! Submit your offer! Beautifully restored 1929 Character Spanish-style corner lot home in vibrant and historical Pasadena. This three-bedroom, two-bath gem is not just move-in ready; it's fully modernized to meet all your contemporary expectations. Sunlight streams through numerous arched windows, flooding the spacious living area with natural light. The living room offers a stylish barrel ceiling, golden hardwood floors, and a captivating fireplace that takes center stage. The dining room is bathed in sunlight through the pocket windows, invites you to step out onto the expansive front porch through elegant French doors, setting the scene for unforgettable entertainment. In the fully remodeled chef's kitchen, you'll discover sleek granite countertops, a state-of-the-art stainless steel Thermador 6 burner gas stove & with electric oven, water conserving kitchen sink foot pedals and ample storage for all your culinary essentials. Adjacent to the kitchen, a cozy breakfast nook with original built-in cabinetry. Retreat to the primary bedroom, where you'll find a fully remodeled en-suite bathroom with built-ins and a spacious, modern shower. Step into the sunroom for views of the San Gabriel Mountains and your picturesque backyard. The other two bedrooms have been thoughtfully designed, preserving their original character. The hallway, connecting all bedrooms, offers generous storage, a stylish telephone niche, and a spacious pantry adjacent to the kitchen. The laundry room with side by side washer & dryer includes storage cabinets and backyard access. The landscaping not only delights the eye but is also eco-conscious, designed to conserve water and beautifully illuminated with pathway lights and fruit trees. Detached 2 car garage with fully paid off solar panels on the new roof. Close to freeway access, old town Pasadena, schools and shopping. Welcome Home.
Listed with Paul Przybyla | 213-407-7685, 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, 17 Apr 2024 15:39:00 +0000: $1,100,000 :: 1233 Wesley Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,366 sq ft
Lot Size: 7,497 sq ft
Added: 03/21/24, Last Updated: 04/17/24
Property Type: Single Family
MLS Number: GD24056876
Community: Pasadena (NE)
Status: Sold
Welcome to 1233 Wesley Avenue in Pasadena! This delightful fixer-upper has the potential to be your dream home. Built in 1925, this unique Craftsman home has retained most of the original Craftsman details including molding, cabinetry and original hardwood floors. Upon entry, you’ll be greeted by tall ceilings and a well-designed floor plan that maximizes natural light and functionality throughout the home. The living room welcomes you with its bright and airy ambiance. Adjacent to the living room is the dining area with its original pocket doors and coved ceiling. The 2 bedrooms and 1 bathroom offers 1,366 square feet of living space on a spacious 7,498 square foot lot, complete with a detached 2-car garage. The generous lot size has plenty of room for expansion and potentially even an ADU (check with the city for permits). The primary bedroom includes an additional separate space, which can be closed off with the double glass doors and used as a home office or nursery. The eat in kitchen includes a pantry and access to the backyard. Potential awaits in the tall and spacious attic which spans the length of the house. Whether it's for relaxing evenings or outdoor gatherings, the porch and backyard with fruit trees provide the perfect setting for enjoying Pasadena's pleasant climate. Centrally located, this residence enjoys proximity to verdant parks, vibrant shopping destinations, delectable dining options, and more—truly encapsulating the charm and convenience of Pasadena living. Don't miss out on the opportunity to transform this charming fixer-upper into your dream home—schedule a showing today and discover the endless possibilities awaiting you at 1233 Wesley Avenue!
Listed with Armen Mehrabi | 818-970-6777, JohnHart 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, 17 Apr 2024 15:15:00 +0000: $4,050,000 :: 131 Linda Vista Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
4 beds, 5 baths
Home size: 4,259 sq ft
Lot Size: 180,774 sq ft
Added: 02/08/24, Last Updated: 04/17/24
Property Type: Single Family
MLS Number: 24355153
Community: Pasadena (NW)
Status: Sold
Introducing a RARE opportunity in the exclusive Linda Vista area of Pasadena. This "Hidden Gem" spans 4.15 acres of premium real estate, presenting developers with the opportunity to work with 4 separate lots, each approximately 1 acre in size. For those in pursuit of their own private compound, this property offers endless possibilities. Behind a gated entrance, this hidden oasis reveals a picturesque Mid-Century home brimming with potential. Embraced by lush greenery and abundant natural light, the property seamlessly integrates indoor and outdoor living. Immerse yourself in a tranquil atmosphere while enjoying stunning views of the San Gabriel mountains and Colorado Bridge. With its expansive acreage and unparalleled possibilities, this private haven stands as a unique discovery in one of Pasadena's most sought-after neighborhoods offering a canvas for visionary developers and those looking to create their own bespoke estate in one of Pasadena's most coveted neighborhoods.
Listed with Kennon Earl | 424-230-7928, 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, 16 Apr 2024 15:41:00 +0000: $7,000,000 :: 1155 Linda Vista Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
5 beds, 10 baths
Home size: 6,600 sq ft
Lot Size: 24,124 sq ft
Added: 04/16/24, Last Updated: 04/16/24
Property Type: Single Family
MLS Number: P1-17255
Community: Pasadena (NW)
Tract: Not Applicable
Status: Sold
entered for comp purposes only
Listed with George Penner | (626) 807-8558, 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, 16 Apr 2024 15:23:00 +0000: $800,000 :: 294 Bella Vista Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 840 sq ft
Lot Size: 3,607 sq ft
Added: 10/24/23, Last Updated: 04/16/24
Property Type: Single Family
MLS Number: PW23191568
Community: Pasadena (SE)
The price of this listing was last reduced on 2/26/2024 by 3%
Status: Sold
A combination of modern upgrades with vintage charm is executed perfectly in this newly renovated Pasadena bungalow. Enjoy the Rose Parade from your front door in your new home that has masterfully preserved the character that Pasadena residents love with the modern upgrades for comfort and efficiency. The open concept layout is perfect for entertaining guests and showcasing the exquisite colorful kitchen and mid-century modern vibe that this home captures beautifully. New appliances, new flooring, new paint, a new water heater, HVAC system, upgraded plumbing and electrical are just some of the upgrades that you'll enjoy in this exquisite home. Enjoy a new outdoor pergola as well to soak in the LA sunset. If your goal is to buy an affordable home in one of the most highly desired cities in Los Angeles County, look no further and schedule a showing today!
Listed with Lindsey Iskierka | 7143931644, Keller Williams Coastal Prop.
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, 16 Apr 2024 13:14:00 +0000: $720,000 :: 236 N Michigan Avenue, Pasadena CA, 91106 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 1,180 sq ft
Lot Size: 4,265 sq ft
Added: 12/02/23, Last Updated: 04/16/24
Property Type: Single Family
MLS Number: PW23216398
Community: Pasadena (SE)
Status: Sold
Calling all creatives and investors! Located in the heart of Pasadena, this home bulit in 1905 with mountain views, offers 3 bedrooms and 1 1/2 baths. Home is recorded as 4 bedrooms but one room was converted into a dinning area. This home is truly a hidden gem. Just two blocks from Colorado Blvd and Old Town Pasadena. Conveniently located right off the 210 freeway, Pasadena College as well as lots of shopping and great restaurants.
Listed with Nicole Martinez | 562-325-3765, IET 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/! - Tue, 16 Apr 2024 11:23:00 +0000: $2,700,000 :: 3570 Lombardy Road, Pasadena CA, 91107 - Pasadena - Solds - SFR
4 beds, 5 baths
Home size: 2,742 sq ft
Lot Size: 47,176 sq ft
Added: 04/03/24, Last Updated: 04/16/24
Property Type: Single Family
MLS Number: P1-17080
Community: Pasadena (SE)
Status: Sold
This California Ranch is nestled in the heart of Pasadena's prestigious Chapman Woods neighborhood. The owners parents bought the house in 1964. 3570 Lombardy Road offers a unique opportunity to own a significant property on an expansive 47,175 sq ft lot. This property is a fixer and offers so many opportunities to renovate to your own liking, from adding on and building your dream home. With such a large lot this also offers building a AUD. Enjoy the days where you can sit around and relax at the sparkling pool. Owning this property is not just an investment in real estate, it's an investment in a lifestyle of luxury, comfort, and prestige.
Listed with Shanshan Lin | (626) 410-3578, 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/!
