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. 🙂
- Thu, 01 Jun 2023 16:58:00 +0000: $9,700,000 :: 753 N Michigan Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,568 sq ft
Lot Size: 7,327 sq ft
Added: 11/19/22, Last Updated: 06/01/23
Property Type: Single Family
MLS Number: GD22244556
Community: Pasadena (NW)
The price of this listing was last reduced on 12/29/2022 by 4%
Status: Sold
Situated in the Bungalow Heaven landmark district of Pasadena, this single-story character craftsman home, in its authentic state since 1910 is waiting for a new owner to bring it back to its magnificent glory. The home was constructed by one of the older local builders, Arthur Stephens. It is one of the oldest on the Bungalow Heaven tour in 2001. The home consists of 1,568 sq. ft on a 7,325 sq. ft lot with 3 bedrooms and 1 large Jack and Jill bath, is the quintessential representative of the arts and crafts movement with many charming and original features including a grand front porch with swing, hardwood ornate doors, wood windows, custom moldings, handmade built-ins and original hardwood oak floors throughout. The formal dining room has wainscot paneling, China cabinet built-ins, and authentic gas light. The kitchen has the original California cooler cabinet, hexagon tile countertops, vintage stove, and authentic farmhouse sink. The spacious primary bedroom has a walk-in closet with a flushed built-in cabinet. The utility porch has a laundry area and 1/2 bathroom. Other features include a long driveway for plenty of parking, an actual carriage-style garage, a large basement, extensive attic with the potential for 2nd story addition. This home affords you the opportunity to update it by balancing a passion for history and tradition with a drive to innovate.
Listed with Janette Ledea | 626-683-0300, Re/Max Tri-City 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, 01 Jun 2023 06:52:00 +0000: $1,415,000 :: 435 S San Gabriel Boulevard, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 4 baths
Home size: 2,000 sq ft
Lot Size: 8,834 sq ft
Added: 03/31/23, Last Updated: 06/01/23
Property Type: Single Family
MLS Number: CV23046779
Community: Pasadena (SE)
Status: Sold
Welcome to 435 S. San Gabriel Blvd in the vibrant city of Pasadena, CA - where refinement meets fun! This immaculate and cozy house is in one of the most desirable areas of Pasadena, minutes from San Marino, and boasts a warm and inviting layout with plenty of wonderful upgrades. Step inside and prepare to be charmed by this delightful traditional home, bursting with character and boasting a spacious living room with a gas fireplace and custom mantle - perfect for snuggling up on chilly evenings. The two-bedroom suites are beautifully appointed, with one featuring custom vanities for added convenience. French doors in the living room lead to the patio, pool, and tastefully landscaped backyard - the ultimate outdoor oasis for entertaining or simply relaxing. The home features crown moldings throughout, hardwood floors, double-pane windows, copper plumbing, and recessed lighting - all exquisite details, like built-in bookcases, that add to the charm and comfort of the space. You'll love the freshly painted exterior and recently painted interior, giving the home a warm and stylish feel. Plus, with a 200 AMP electrical panel and 29 solar panels installed and paid for in 2015, you can rest easy knowing you're doing your part for the environment. But that's not all - this home is also equipped with a 2-year-old central AC and heat with NEST system, stainless steel appliances which include a brand-new dishwasher, a 3-year-old tankless water heater, and a new variable pump for the saltwater pool. It's the perfect combination of luxury and convenience! Finally, the finished garage comes complete with guest quarters and a 3/4 bath, providing plenty of space for visitors or the potential for an ADU. Don't miss this opportunity to own a truly elegant and fun home in an unbeatable location, just minutes away from Pasadena City College, Cal-Tech, Huntington Library, and the bustling Colorado Blvd of Old Town Pasadena. This home is sure to capture your heart and make you feel right at home!
Listed with Jose Salazar Aldaco | 626.605.2742, The R.R. Network
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, 01 Jun 2023 06:07:00 +0000: $1,570,000 :: 262 S Berkeley Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,760 sq ft
Lot Size: 6,687 sq ft
Added: 05/03/23, Last Updated: 06/01/23
Property Type: Single Family
MLS Number: PW23075913
Community: Not Defined
Status: Sold
AMAZING home in one of the most beautiful neighborhoods in Pasadena. San Pasqual neighborhood is adjacent to Huntington Library, CalTech, Old Town Pasadena, Lake Ave, and other great shopping and restaurant; offering an idyllic lifestyle while nestled in a tree-lined charming and historic neighborhood. This English Country Cottage Style home features many elegant architectural details balanced with modern updates to suit your needs. Charming architectural details like barrel ceilings, arched doorways, casement windows, and French doors are sprinkled throughout the house. While a modern open kitchen with stainless steel appliances creates a functional working space that opens to a dining room with a coved ceiling. New wood-look flooring has been installed throughout the first floor, update bathrooms with modern touches, and fresh paint for a TURN-KEY house ready to move-in. Upstairs you will find an oasis for the future owners. An open loft provides a flexible space for an office or relaxation after a long day. Adjacent to the loft will be the master suite, that includes cathedral ceilings and fully renovated bathroom with Toto toilets and deep soaking tub. Attached to the master bedroom is not simply a walk-in closet but an entire dressing room with custom built-in cabinetry and seating. The upstairs deck and backyard provides an amazing space with many possibilities and sight lines to the beautiful San Gabriel Mountains. Outfitted with dual-zone AC, Recessed lighting, and tankless water heater you will find comforts needed for Pasadena living.
Listed with Wilson Ing | 562-787-1115, Wilson Ing, 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/! - Wed, 31 May 2023 18:13:00 +0000: $1,225,000 :: 1244 E Villa Street, Pasadena CA, 91106 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 2,444 sq ft
Lot Size: 5,493 sq ft
Added: 03/03/23, Last Updated: 05/31/23
Property Type: Single Family
MLS Number: SR23035707
Community: Pasadena (NE)
The price of this listing was last reduced on 4/25/2023 by 14%
Status: Sold
Welcome to this stunning 1911 Pasadena Craftsman home. As you step inside from the frontporch, you are invited by the warmth of the original hardwood floors and spacious living room,with all white ceiling beams and an open energy as wide doorways invite you into the adjoiningrooms. To your right is a den, the perfect size for a reading or tea room, which leads into thedownstairs bedroom space, which could be easily used to house guests or an office space. Alsooff of the large open living room is the spacious dining room, great for a long, large table toaccommodate family gatherings, or easily made into two separate spaces as a built in benchlines the large east-facing window, perfect for a breakfast nook.From the dining room you will find a fully remodeled kitchen, done in 2019, fitted with a high-demand Café fridge, farmhouse sink, built-in coffee station, and intuitively designed cupboardsand storage spaces, as well as a built-in compost bin. Downstairs bathroom has also beenremodeled, with gorgeous blue accent tiles, gold hardware and white countertops.As you move upstairs, another remodeled bathroom awaits, with custom built in cabinetry, alsodesigned intuitively for maximum storage and minimum counter clutter, energy-efficient lowflow toilet (same as in the downstairs bathroom), and consistent design throughout.The two secondary upstairs bedrooms are spacious and contain considerable natural light,walk-in closets. The primary bedroom (here used as an office), is also very spacious, with a largecentered window looking out onto the tree-lined street, high arched ceilings, and large closet.The primary bathroom has been transformed into a spa, custom built with Japanese cedar andmarine grade finishes for full water resistance. The massage table is slatted on a pitch toaccommodate Korean-style water massages. Temperature control over the soaking tub andbucket gives you the option for ice cold or scalding water, depending on your choice ofrecovery, and adjustable LED lighting gives you the option for warm or cool light in the room.Two ceiling windows open completely, but also contain retractable screens for your adjustableexposure to the elements.Other features include detached garage, recently updated roof, newly-insulated attic, updatedfuse box, basement, completely rewired electrical system and SimpliSafe alarm system.This home is truly unique and a turnkey option for the new Pasadena homebuyer.
Listed with Danielle Diab | 818-986-7300, Rodeo 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/! - Wed, 31 May 2023 14:17:00 +0000: $10,300,000 :: 1660 Lombardy Road, Pasadena CA, 91106 - Pasadena - Solds - SFR
6 beds, 8 baths
Home size: 9,188 sq ft
Lot Size: 25,000 sq ft
Added: 05/31/23, Last Updated: 05/31/23
Property Type: Single Family
MLS Number: P1-13805
Community: Pasadena (SE)
Status: Sold
SOLD BEFORE PROCESSING. Information for comp purposes only. Stunning Italian villa restored and expanded to perfection!
Listed with Carol Chua | (626) 844-2222, 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/! - Tue, 30 May 2023 17:50:00 +0000: $5,228,000 :: 750 Holladay Road, Pasadena CA, 91106 - Pasadena - Solds - SFR
4 beds, 4 baths
Home size: 4,020 sq ft
Lot Size: 34,557 sq ft
Added: 05/02/23, Last Updated: 05/30/23
Property Type: Single Family
MLS Number: P1-13446
Community: Pasadena (SE)
Tract: Not Applicable
Status: Sold
Experiencing life in a home like this, in a neighborhood like this...it's what dreams are made of. Here lies the prize. The opportunity to savor an elevated lifestyle in an idyllic setting with those you treasure most. Resting on lush private grounds, 750 Holladay Rd is an exquisite character home rich with timeless beauty. This storied residence is discreetly tucked away in one of Pasadena's most prestigious enclaves surrounded by estate properties. Exuding warmth and enduring quality, gorgeous natural light pours into all the main areas. And, to be sure, this incomparable home is a spectacular place to entertain. Once owned by famed Santa Anita Park racing czar Jimmy Kilroe, the residence has seen many glamorous events over its storied history, including countless celebrations by the current owners, who have cherished their 27 years here. Elegant formal rooms, a vast modern kitchen, an inviting family room, and a lavish owner's suite are among the many sensational spaces you'll enjoy. The private park-like backyard, with its sparkling pool and hot tub, provides the ideal spot to refresh after a busy day. Equally restorative is the surrounding botanical splendor, where the heavenly scent of roses, naturalistic gardens, and a dazzling array of fruit trees conspire to enchant. From the exquisite architecture to the beauty of the setting to the utterly delightful neighborhood, all the essentials of refined estate living are here to enjoy in one of Pasadena's most coveted locales.
Listed with Evangelyn Lin | (626) 807-6581, 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/! - Tue, 30 May 2023 13:48:00 +0000: $1,880,000 :: 1975 Navarro Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
5 beds, 6 baths
Home size: 4,216 sq ft
Lot Size: 9,880 sq ft
Added: 10/19/22, Last Updated: 05/30/23
Property Type: Single Family
MLS Number: SR22225398
Community: Pasadena (NW)
The price of this listing was last reduced on 3/21/2023 by 2%
Status: Sold
Come take a first or second look! With a prime location and a fully renovated, turnkey interior that includes a junior accessory dwelling unit (ADU), this historic beauty is a diamond in the rough. Set under a canopy of mature trees in a quiet area nearby local schools, shops and restaurants, this spacious home offers a seamless, open floor plan, a luxe primary suite with a private balcony, and a gourmet kitchen that showcases the latest design features. Built in 1886, the home has been enhanced with a newly built detached garage, a new roof, dual zone HVAC systems, and two tankless water heaters. Tastefully modernized where appropriate, the home offers five en suite bedrooms, high ceilings and Luxetech vinyl plank flooring throughout, an office with pocket doors, and a large open concept living room/dining room with a dual sided fireplace. Open to a a family room, the kitchen has soapstone countertops, copper sinks and hardware, designer fixtures and a large center island with counter seating and a breakfast nook. Certain to impress, the kitchen also features a glass tile backsplash, white custom cabinets and high-end GE Café series appliances, including a five burner gas range with a custom hood. The open kitchenette in the ADU has all the same amenities. A fully restored original staircase with a custom stair runner leads to the second floor, which boasts an oversized laundry room with built-in cabinets and large secondary bedroom suites, with mosaic tile bathroom floors, walk-in showers and porcelain tile walls. With an extra-deep claw foot tub that has chrome feet, a massive walk-in shower, a gas fireplace and an oversized walk-in closet, the primary suite may be difficult to leave. Other highlights include a large rear balcony, a keyless entry system, a new driveway, 13 new windows, upgraded electrical, 8’ solid wood interior doors, high-end LED lighting sconces. Located in an established neighborhood and blending modern amenities with classic period details, this elegant home is the ultimate legacy property.
Listed with Gail Salem | 818-501-4800, 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/! - Sat, 27 May 2023 03:17:00 +0000: $1,475,000 :: 2345 Monte Vista Street, Pasadena CA, 91107 - Pasadena - Solds - SFR
4 beds, 3 baths
Home size: 2,527 sq ft
Lot Size: 8,403 sq ft
Added: 04/05/23, Last Updated: 05/27/23
Property Type: Single Family
MLS Number: AR23055876
Community: Pasadena (NE)
Status: Sold
Situated on a quiet tree-lined street in a desirable neighborhood of Pasadena, this 2,527 square foot home features 4 bedrooms and 3 bathrooms (two bedrooms and one bathroom upstairs, two bedrooms and two bathrooms downstairs), a living room with fireplace, kitchen with updated cabinetry, dining room, laundry room, family room, and basement that can be used for storage or an office. The 8,401 square foot lot provides ample space for parking and is in close proximity to shopping, parks, and restaurants with easy freeway access.
Listed with Amanda Lam | 626-372-5196, IRN 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, 26 May 2023 11:56:00 +0000: $755,000 :: 291 N Garfield Avenue, Pasadena CA, 91101 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 792 sq ft
Lot Size: 1,982 sq ft
Added: 03/09/23, Last Updated: 05/26/23
Property Type: Single Family
MLS Number: DW23029816
Community: Pasadena (SE)
The price of this listing was last reduced on 3/27/2023 by 6%
Status: Sold
Historic and renovated colonial revival bungalow at Colonial Court. Designed by noted architect, Cyril Bennett, AIA showcasing a 2 bedrooms and 1 bathroom. Lose your car and own a piece of history steps away from Old Town. Behind a white picket fence you will find this lovely updated bungalow. The home features hardwood floors & soaring 13-foot ceilings in the living room that give it a loft feel. Situated on a walk-street, this home is steps away from the Pasadena Central Library and Old Town sidewalk cafe's & boutiques. This is a rare opportunity!The home features old world charm with modern conveniences such as an updated kitchen with granite countertops & stainless steel appliances, energy efficient tankless water-heater and central air/heat. Smart A/C / Heater control system. Installed ADT alarm system. The master bedroom features French doors that open to a lovely enclosed patio with deck that is perfect for al fresco dining. Guest room comes with an already installed murphy bed to optimize space. Sale includes washer, dryer, fridge, back yard seating set and Murphy bed. Buyer to assume remaining balance on solar panels. Solar panels still have 8 more years under warranty . As a resident, an annual street parking is available for approximately $180/year. Guests and visitors can park in the street (metered and weekends are free) or in a parking lot located on Marengo. The home is listed on the National Register of Historic Places, New owners are eligible to submit the Mills Act Application to qualify for reduced property tax amount (See application in supplements) . City of Pasadena just finished the pre-sale inspection and certified that house is free of any violations( see a copy of report in the supplements).
Listed with Waleed Afify | 714-745-7575, New Door 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, 25 May 2023 16:40:00 +0000: $850,000 :: 1406 N Arroyo Boulevard, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,304 sq ft
Lot Size: 9,862 sq ft
Added: 04/27/23, Last Updated: 05/25/23
Property Type: Single Family
MLS Number: PW23071801
Community: Pasadena (NW)
Status: Sold
This adorable home sits on a wonderful and large lot located near the 210 freeway and the Rose Bowl. The views from the front of the home are gorgeous and overlook the valley and lush hillside. Inside you've got 3 good sized bedrooms and 2 full bathrooms. The family room is there to greet you with a lovely fireplace and is open to the dining area. The kitchen is off the back with laundry space located inside the home and right off the kitchen. The spacious 2 car garage has direct access to the home and gives off a warm cozy feeling! This property is in need of some love but is certainly ready for it's next owner.
Listed with Lauren Lumbattis | 909-248-5304, First Team 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/!
