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, 26 Sep 2022 17:02:00 +0000: $3,500,000 :: 264 PATRICIAN Way, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 3 baths
Home size: 2,900 sq ft
Lot Size: 45,961 sq ft
Added: 06/16/22, Last Updated: 09/26/22
Property Type: Single Family
MLS Number: 22168719
Community: Pasadena (NW)
The price of this listing was last reduced on 7/8/2022 by 5%
Status: Sold
Introducing this masterfully restored Mid-Century single-story home, nestled on an acre+ of flat-pad hilltop in Northwest Pasadena. The property offers unparalleled privacy and security, found only in the most coveted LA neighborhoods. The substantially flat lot presents room for expansion and development that is unmatched by any other property in the area. Adorned by mature Cypress trees, the gated estate is surrounded by 29 acres of open land with panoramic views of the San Gabriel Mountains, fairways of the Annandale Golf Club, and Pasadena City Lights. This secluded oasis showcases masterfully crafted terrazzo flooring throughout, a remodeled chef's kitchen, a classic kidney-shaped pool, and an expansive grassy backyard with nature trails to explore. The grand outdoor space, coupled with excess guest parking, provides countless opportunities for entertaining, making this home a premier hosting venue. The oversized detached garage is equipped with Tesla/EV charging and fits up to 3 cars. Outfitted with top-of-the-line security systems and smart home features, this property is ready to be enjoyed or expanded/developed with creative vision.
Listed with Ryan Axelrod | 310-339-0804, 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, 23 Sep 2022 18:29:00 +0000: $2,900,000 :: 333 N San Rafael Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
4 beds, 5 baths
Home size: 4,146 sq ft
Lot Size: 16,471 sq ft
Added: 06/22/22, Last Updated: 09/23/22
Property Type: Single Family
MLS Number: P1-10006
Community: Pasadena (NW)
Tract: Not Applicable
Status: Sold
Mediterranean gated estate nestled on a wooded, lushly landscaped lot in the hills above the Annandale Country Club area. Designed by Lyman Ennis, A.I.A, this tranquil retreat offers privacy and views of the mountains and city lights. Enter through wrought iron gates to a welcoming courtyard patio, beautifully planted with mesmerizing views and a playful fountain. Features a wide formal entry, a step-down living room with a vaulted beamed ceiling and fireplace, a formal dining room, a cozy library with a fireplace, a spacious den with a bar, plus a separate outside studio, the ''Bird's Nest.'' The remodeled kitchen has a center island, walk-in pantry, breakfast area, and French doors to the patio. The home was designed with the outdoors in mind; most rooms have lovely vistas and indoor/outdoor access. Upstairs there are four bedrooms, four baths, and the laundry. The primary bedroom has dual baths, two walk-in closets, a sitting area, and a fireplace. Three additional bedrooms and two baths complete the upstairs. The gardens are a botanical treasure with specimen and fruit trees, a private spa, a babbling brook with a waterfall, meandering paths, and multiple areas for entertaining or repose.
Listed with Robin Stever | (626) 695-2846, 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, 23 Sep 2022 17:55:00 +0000: $4,303,072 :: 208 S Grand Avenue, Pasadena CA, 91105 - Pasadena - Solds - SFR
5 beds, 5 baths
Home size: 4,938 sq ft
Lot Size: 20,064 sq ft
Added: 09/22/22, Last Updated: 09/23/22
Property Type: Single Family
MLS Number: 22202527
Community: Pasadena (SW)
Status: Sold
Listed with Alexander Vichinsky | 510-289-5980, The Agency
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, 23 Sep 2022 14:33:00 +0000: $1,350,000 :: 2765 Diana Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,656 sq ft
Lot Size: 9,562 sq ft
Added: 08/09/22, Last Updated: 09/23/22
Property Type: Single Family
MLS Number: P1-10821
Community: Pasadena (SE)
Status: Sold
Welcome home to this single-story 1957 mid-century ranch style home located near the end of a quiet cul-de-sac in Southeast Pasadena. Sited on a generous 9,561 square foot lot, this south-facing 3 bedroom, 2 bathroom home offers 1,656 SF of living space and a sparkling swimming pool. The front yard has been re-landscaped with beautiful plants and flowers. Come up the brick walkway into the welcoming entryway, which opens up to the living room and spacious kitchen. The living room features a gas and wood burning fireplace, built-in cabinetry, and sliding glass doors that leads to the back yard. The original hardwood floors have been refinished throughout the home, which includes the living room, family room/ dining area, and the bedroom wing. Adjoining the kitchen and breakfast area is the family room with newly refinished peg and groove hardwood floors, a gas and wood burning fireplace. The sliding glass doors lead to an enclosed back patio - perfect for warm nights and entertaining. The kitchen has a bay window, plenty of built-in storage, linoleum floors and a breakfast nook for casual dining. There is an attached laundry room with additional built-in storage and access to the side yard and outside garage door. On the opposite side of the house are the living quarters. The primary suite has hardwood floors, sliding closet doors and an attached bathroom with a stall shower and built-in storage. On the other side of the hallway are two bedrooms, each with sliding closet doors, a view of the back yard and hardwood floors. The second tiled bathroom off the hallway is a full bath with a shower/tub combo. The interior has been recently repainted. The 2-car garage is attached to the home and has a side door. Enjoy the private rear yard, which features a brick patio, pool and a backdrop of mature trees. This pride-of-ownership property offers a convenient location near Chapman Woods, south of Del Mar and north of San Pasqual near stores and restaurants on Huntington Drive and Colorado Boulevard.
Listed with Sarah Rogers | (626) 390-0511, The Agency
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, 23 Sep 2022 13:52:00 +0000: $925,000 :: 1684 Mentone Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,216 sq ft
Lot Size: 6,012 sq ft
Added: 08/23/22, Last Updated: 09/23/22
Property Type: Single Family
MLS Number: OC22184801
Community: Pasadena (NW)
Status: Sold
Pristine home on a beautiful tree-line street in desired Northwest Pasadena. This darling 3 bedroom and 1 bath home has been transitioned to drought tolerant landscaping, low maintenance turf, mature Mandarin Orange and lemon trees and is perfect for entertaining. The home has been updated with lots of charm. Enter the living area with hardwood floors and an abundance of natural light which opens to the dining room. The Kitchen offers granite counters, backsplash, custom cabinets, Stainless Steel Appliances and tile flooring. Spacious bedrooms with ample closets. Immaculate bathroom with pedestal sink, tile floors and newer fixtures. Some of the great features include: double-pane windows, central A/C and heating, partial copper plumbing, rain barrels and drip irrigation system, 3 storage sheds and much more! Within close proximity to the 210 freeway, Rose Bowl, Brookside aquatics, JPL, Caltech, PCC, Old Town Pasadena, eateries, shopping, parks and entertainment. Move-In ready and A MUST SEE! Don't miss this opportunity!
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/! - Fri, 23 Sep 2022 08:28:00 +0000: $885,000 :: 385 E Montana Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,392 sq ft
Lot Size: 6,988 sq ft
Added: 08/31/22, Last Updated: 09/23/22
Property Type: Single Family
MLS Number: OC22190636
Community: Pasadena (NW)
Status: Sold
Must see Traditional Home with Lots of Potential. This property is a light rehab, easy to convert 3 bed and 2 bath. Great for investors or anyone looking to make this theirs!! Almost 1400 sf living area and there is enough room to add ADU, This home has huge attic which can turn into living area. Bring your tool belt and make this one yours! More updated photos to follow! Bring your highest & best.
Listed with Henry Mai | 714-653-8066, Capital Team Real Estate Svc
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, 22 Sep 2022 21:04:00 +0000: $894,000 :: 2499 Oswego Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 858 sq ft
Lot Size: 6,190 sq ft
Added: 08/04/22, Last Updated: 09/22/22
Property Type: Single Family
MLS Number: P1-10768
Community: Pasadena (SE)
Status: Sold
A Bright and Beautiful 2-bedroom, 1-bath bungalow with front veranda, in immaculate condition, is located on a tranquil and tree-lined street in a desirable SE Pasadena neighborhood. Drawn in by its lovely landscaped front yard, inviting front porch, and white picket fence curb appeal, one enters your new home with a fresh look of its original architectural character including a naturally lit living room featuring a large picture window facing south, and stone fireplace with hearth and built-in shelves on the sides; transition into a unique dining room with rounded wall with glass block window, and wainscoting; the wonderful aroma from the light and airy kitchen with utilitarian comforts, ample cabinet storage and counter space, and a northward view of the San Gabriel Mountains; the bathroom is a seamless blend of modern and original architectural details; and the bedrooms are positioned well. Upgrades include new roof and attic insulation, new double pane windows, copper plumbing, electrical rewiring, Nest thermostat; and security and greywater systems. Original hardwood flooring throughout. A fully fenced backyard, with an outside built-in fireplace located under a covered patio, is ready for gardening and entertaining. At the end of a long driveway is a 1-car garage with separate sections for laundry and storage. Easy access to all of the nearby luxuries and conveniences of the Crown City. Cute!!!
Listed with Robert Murdock | (818) 378-0759, Murdock 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/! - Thu, 22 Sep 2022 13:54:00 +0000: $800,000 :: 1530 E Topeka Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 1,919 sq ft
Lot Size: 8,002 sq ft
Added: 07/11/22, Last Updated: 09/22/22
Property Type: Single Family
MLS Number: P1-10392
Community: Pasadena (NE)
Tract: Not Applicable
Status: Sold
Nestled near the Historic Highlands neighborhood of Pasadena, this property offers a great opportunity for anyone interested in a remodel project. The property's nursey-like outdoor space features mature landscaping, including several fruit trees and a flower garden. Located moments away from the 210, the Metrolink, the Rose Bowl and Pasadena's finest shopping and dining districts.Don't miss your opportunity to maximize the potential of this great property!
Listed with Margaret Sevajian | (626) 628-4669, 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/! - Thu, 22 Sep 2022 12:53:00 +0000: $1,100,000 :: 2441 Casa Grande Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 1,692 sq ft
Lot Size: 7,214 sq ft
Added: 06/09/22, Last Updated: 09/22/22
Property Type: Single Family
MLS Number: AR22124094
Community: Pasadena (NE)
The price of this listing was last reduced on 6/27/2022 by 6%
Status: Sold
Captivating and stylish, this single-story home in a desirable Pasadena location isone you're sure to admire. An enchanting façade enhanced by well-manicuredgreenery will make a great first impression. Inside, soft carpeting welcomes youinto the living room where generously sized windows filter in natural light while afireplace lends a warm, relaxing ambiance. Enjoy refreshing backyard viewsframed by glass sliders that fill your family room and adjacent dining area withbrilliant sun. Suited for the avid cook, rich cabinetry, and tiled countertops outfityour kitchen.Offering comfortable retreats, your well-sized bedrooms come complete withgleaming matchstick hardwood flooring, mirrored closets, and additional overheadstorage. Freshen up or unwind in your baths, one with a walk-in shower and theother with a soaking tub. Weekend cookouts are a breeze on the patio in yourverdant backyard surrounded by mature trees. As a premium perk, you'll have alaundry room, an attached 2-car garage, plus close proximity to parks, shops,restaurants, and schools. Come take a tour before the opportunity slips you by!Per seller, in 1984 4th bedroom was added; in 2003 new roof warranty 50 yrs; in2005 copper plumbing done; in 2018 painted interior & exterior; in 2018 newwindows and blinds were added.Excluded, Washer, Dryer and Refrigerator.
Listed with Bedros Peter Boghossian | 626-321-5508, HouseUSA Realty & Mortgage
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, 22 Sep 2022 09:51:00 +0000: $1,550,000 :: 1136 E Rio Grande Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 2,271 sq ft
Lot Size: 14,319 sq ft
Added: 08/24/22, Last Updated: 09/22/22
Property Type: Single Family
MLS Number: P1-11018
Community: Pasadena (NE)
Status: Sold
Located on an expansive corner lot in the sought-after Historic Highlands Landmark District of Pasadena rests this desirable Prairie style home constructed in 1922 that is often referred to as an ''Airplane Bungalow''. As you cross the shaded front porch and enter into the home you are awestruck by the historic Batchelder tile fireplace in its original beauty from the 20's. The Living room boasts original hardwood floors and massive crown and base moldings, vintage wood trim all maintained in the original finishes for 100 years. The adjoining formal dining room shares the wood accents with the living room and an added bonus of the built-in china cabinet. Through the french door from the dining room is found the covered patio and rear yard. The kitchen features custom cabinets, tile floor, ceiling fan and specialty countertops. Directly off the kitchen is the laundry room and the maids' room or fourth bedroom and a three-quarter bath. On the opposing side of the kitchen is found the family room offering vintage style built-in cabinetry and updated flooring. Also found on the western portion of the ground floor are the second and third bedrooms with original hardwood floors and large closets. The second bedroom has the bonus of french doors leading into the attached sleeping porch or office, surrounded by windows. The second and third bedrooms are accessible to the central hall full bathroom with shower over tub, built-in cabinets and original tile. The second story of the home provides a private primary suite with adjoining full bathroom, walk-in closet, an abundance of windows washing the space in natural light. Who doesn't need storage? A 729 SqFT (not included in total SqFT) basement fills that need with direct access from the interior of the home in addition to the exterior staircase. The property possesses a large motor court providing an abundance of parking in addition to the two-car detached garage. All of this and a 14,300 SqFT lot . . . . . . . Dream of the endless possibilities! !
Listed with Gary Ahlfeldt | (626) 291-0888, Gary Ahlfeldt, 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/!
