Pasadena At-A-Glance Real Estate Statistics – May 2011
Here’s a latest list of the newest home listings in Pasadena:
- Sat, 25 Jan 2025 20:53:00 +0000: $849,000 :: 190 Arroyo Terrace #104, Pasadena CA, 91103 - Pasadena Home Search
2 beds, 2 baths
Home size: 1,294 sq ft
Lot Size: 51,911 sq ft
Added: 01/25/25, Last Updated: 01/25/25
Property Type: Condo/Townhouse/Co-Op
MLS Number: 25485709
Community: Pasadena (NW)
Status: Active
Beautiful 2-Bed, 2-Bath Condo in Prime Pasadena Location. Discover this newly renovated first-floor condo nestled above the iconic Rose Bowl. Featuring 2 spacious bedrooms and 2 modern bathrooms, this home boasts stylish quartz countertops, sleek stainless steel appliances, and a contemporary design. Enjoy access to the association pool, perfect for relaxing or entertaining. Conveniently located close to parks, dining, and shopping, this gem combines comfort and lifestyle in one unbeatable package.
Listed with Randy Saumers CalDRE: 01085006 | 310-801-9129, Heyler 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/! - Sat, 25 Jan 2025 11:46:00 +0000: $2,174,900 :: 325 Woodcliffe Road, Pasadena CA, 91105 - Pasadena Home Search
3 beds, 3 baths
Home size: 2,380 sq ft
Lot Size: 14,062 sq ft
Added: 01/07/25, Last Updated: 01/25/25
Property Type: Single Family
MLS Number: 24474747
Community: Pasadena (NW)
Status: Conditional
Tucked into the scenic hills of North San Rafael, this thoughtfully reimagined retreat combines timeless southwestern influences with modern luxury to create an unparalleled living experience. Set on a tranquil hillside with incredible panoramic views that include the Downtown LA skyline, this 3-bedroom, 2.5-bathroom home spans 2,380 sq. ft. of meticulously updated living space designed for relaxation and entertainment. From the moment you arrive, you'll be captivated by the home's serene ambiance. Dramatic tall ceilings and expansive, picturesque windows flood the space with natural light, while fresh interior and exterior paint accentuate the home's timeless charm. A romantic fireplace is the centerpiece of the living room with every room flowing effortlessly to one of the home's stunning decks, offering sweeping vistas that stretch to the horizon. At the heart of the home, the reimagined kitchen is a chef's dream, featuring custom cabinetry, a walk-in pantry, USB ports conveniently placed on the kitchen island, and new LG appliances along with a wine refrigerator. Designer finishes abound, with clean lines and a contemporary aesthetic that balances warmth and sophistication. The primary suite is a true retreat, boasting a spa-inspired bathroom with a luxurious soaking tub, custom LED-lit walk in closet, and private deck access for soaking in the serene surroundings. The secondary bedrooms are equally inviting, each with their own access to the outdoors, ensuring every guest enjoys the beauty of this hillside haven. The home's comfort is elevated with central air conditioning and heating, controlled effortlessly by a Nest thermostat, ensuring a perfect temperature year-round. Step outside to experience the magic of California living. Low-maintenance, drought-tolerant landscaping surrounds the home, creating a peaceful setting that's perfect for entertaining or quiet reflection. Whether enjoying a morning coffee with a sensational sunrise on the deck or hosting friends for an evening under the stars, the effortless indoor-outdoor flow of this home enhances every moment. With updates that include newer flooring, a brand-new roof, custom closets throughout, designer finishes in every bathroom, and newer garage doors, no detail has been overlooked. The property also features abundant storage options and a dramatic pass-through driveway with ample parking that includes a 3 car garage. Situated on the coveted Woodcliffe Road, this home offers both privacy and proximity, with easy access to Pasadena's vibrant downtown, charming local shops, hiking trails, and multiple golf courses nearby. Also a stone's throw to Old Town Pasadena, Eagle Rock, Highland Park, and close to the 134, 2, and 210 freeways. Come discover a rare blend of charm and contemporary elegance in a home that's as warm and inviting as it is breathtaking.
Listed with Rosa A. Garcia CalDRE: 01373253 | 818-671-8891, The Core 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/! - Sat, 25 Jan 2025 11:30:00 +0000: $2,890,000 :: 3830 Canfield Road, Pasadena CA, 91107 - Pasadena Home Search
4 beds, 4 baths
Home size: 3,268 sq ft
Lot Size: 10,194 sq ft
Added: 12/09/24, Last Updated: 01/25/25
Property Type: Single Family
MLS Number: AR24244183
Community: Pasadena (NW)
The price of this listing was last reduced on 1/25/2025 by 2%
Status: Active
Behind an elegant façade in Pasadena lies a residence where thoughtful design and meticulous craftsmanship create an extraordinary living experience. Built in 2014 on over 10,000 square feet of lush grounds, this four-bedroom, four-bathroom home showcases refined details and modern comforts in perfect harmony. A grand double-door entry leads into a sweeping foyer with a curved staircase, setting the stage for a home designed to impress and inspire.The interiors feature a sophisticated blend of classic and contemporary elements. A formal living room centers around a timeless fireplace, while the dining room, framed by a recessed ceiling with intricate moldings, is ideal for gatherings. Arched entryways add architectural charm, guiding you to spaces like the office, with its soaring ceilings and exposed beams, and the inviting family room, complete with its own exposed beams, custom built-ins, and a recessed niche for art. Sliding doors connect the family room to a backyard sanctuary.The kitchen, open to the family room, is thoughtfully designed for culinary endeavors and casual dining alike, featuring a professional-grade stove, dual sinks, a pot filler, extensive cabinetry, and a breakfast bar. Nearby, a wet bar with seating enhances the home’s entertainment potential.Step outside to an expansive backyard retreat with a covered pergola, built-in barbecue, and alfresco dining area. A sparkling pool and spa, a cozy firepit, and a basketball court offer endless options for relaxation and recreation, all framed by beautifully landscaped grounds.The primary suite upstairs is a serene retreat with a spa-inspired bathroom, dual-sink vanity, soaking tub, and walk-in shower. A convenient downstairs suite with an ensuite bath, a powder room, and a dedicated laundry room cater to every need.Upgraded features throughout the home include triple-pane windows, tankless water heaters, a central vacuum system, and an ADT security system with 12 cameras. Smart technology like wireless pool controls, holiday lighting timers, and a high-end Epson projector in the climate-controlled garage add convenience and luxury. Dual 5-ton AC units ensure year-round comfort, while built-in audio enriches the ambiance inside and out.This Pasadena gem offers an unparalleled lifestyle, combining timeless elegance with modern innovation in one exquisite package.
Listed with Ash Rizk CalDRE: 01503342 | 626-574-2321, 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/! - Sat, 25 Jan 2025 10:20:00 +0000: $4,898,000 :: 345 E Colorado Boulevard #404, Pasadena CA, 91101 - Pasadena Home Search
4 beds, 4 baths
Home size: 4,135 sq ft
Lot Size: 30,558 sq ft
Added: 01/25/25, Last Updated: 01/25/25
Property Type: Condo/Townhouse/Co-Op
MLS Number: NP25015251
Community: Pasadena (SE)
Status: Active
PASADENA - Experience the pinnacle of sophisticated city living in the heart of downtown Pasadena, where this opulent apartment-style residence offers panoramic views, high style and a stellar location. One of only 28 luxury condos in The Montana, a highly sought-after amenity-rich mixed-use building, this extraordinary single-level home hosts four bedrooms, and office/den with wet bar, and three- and one-half baths in approximately 4,135 square feet. Every detail is superb, including custom wall treatments, contemporary designer lighting fixtures, wood and natural stone flooring, 10' ceilings, solid stained-wood interior doors, custom paint, and a gallery-style grand hall with recessed barrel ceiling treatments. City views catch the eye upon entry in the formal foyer, which leads to a fireplace-warmed great room with surround sound and a stunning solarium that frames south-facing views of city lights. Open to a casual dining room, the kitchen is top-tier and features granite countertops with full backsplash, dark-stained wood cabinetry, a peninsula bar, island, pantry, and stainless-steel Wolf and Sub-Zero appliances including a six-burner cooktop with griddle. Secondary bedrooms are spacious, with some including an ensuite bath. For the ultimate escape, the primary suite reveals two baths with stone surrounds, and two walk-in closets with built-ins. Three parking spaces are reserved in The Montana’s secured subterranean parking garage. Introduced by a dramatic atrium-style entrance, The Montana reveals a private world of modern luxury, with public spaces adorned with natural finishes, artwork and an abundance of light. Residents enjoy 24-hour security, a full gym, an indoor pool and peaceful lounge. Relish front-row views from your living room of the world-famous Rose Parade as it proceeds along Colorado Boulevard, part of Historic Route 66. Paseo Colorado is directly across the street and offers an open-air setting with restaurants, shops and theaters. Ruth’s Chris Steakhouse is only a block away, and Old Town Pasadena, city hall, parks, excellent schools, the famed Pasadena Playhouse, museums, freeways and the Pasadena Convention Center are all close to home.
Listed with Tad Baltzer CalDRE: 01490536 | 949-554-4140, Triibe Real Estate, 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, 25 Jan 2025 05:56:00 +0000: $3,150,000 :: 378 W Green Street #123, Pasadena CA, 91105 - Pasadena Home Search
4 beds, 5 baths
Home size: 3,550 sq ft
Lot Size: 0 sq ft
Added: 01/25/25, Last Updated: 01/25/25
Property Type: Condo/Townhouse/Co-Op
MLS Number: OC25017016
Community: Pasadena (SW)
Status: Active
Elegant Townhome in Old Town Pasadena. This 4-bedroom, 5-bathroom townhome redefines urban luxury, offering a perfect blend of sophistication and comfort. From top-notch appliances to a private elevator and an immaculate pool, every detail is crafted for a premier living experience. The entrance, with its iconic Brooklyn Brownstone-inspired stairway, sets the tone for elegance, while the nearby Ambassador Gardens provide a tranquil escape. Inside, you'll find genuine wood flooring throughout, adding warmth and style. The kitchen is a culinary dream, equipped with premium appliances and opening to a charming outdoor breakfast nook, perfect for intimate mornings. The second floor features the serene primary bedroom, complete with unmatched amenities like dual vanities, an oversized shower, and a luxurious bathtub for ultimate relaxation. This level also houses the laundry room and a second bedroom. On the third floor, you'll discover the third bedroom, a second wine fridge, and an upper patio designed for entertaining. Whether you're hosting a gathering or enjoying a quiet evening by the outdoor fire, this space is truly special. The private four-car parking garage completes this masterpiece, offering convenience and security. Located near Old Town Pasadena, with its vibrant shopping, dining, and cultural experiences, this townhome is an urban paradise ready to welcome you home.
Listed with Kathy Wang CalDRE: 01932786 | 626-888-9808, 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/!
Prior Real Estate Market Reports for Pasadena California
April 2011
Pasadena Real Estate Market Overview – 2009 vs 2010
As we start a new year, it’s always interesting to look at year over year data to see the trends in real estate activities.
Media keeps regurgitating national statistics and I get constant calls from my mom in panic that the real estate market is crashing. 🙂 So… let’s look at a few of the critical local stats.
- The volume of home sales was definitely down in 2010. 662 homes were sold in 2010 vs 775 in 2009 – a 17% reduction in inventory.
- The average sales price, however, went up by almost 6% from $755,626 in 2009 to $803,296 in 2010.
- Foreclosures have been on everyone’s mind. I’ve been talking about shadow foreclosure inventory for awhile now. However, there were only 31 sales in 2010 compared to 21 sales in 2009. Most REOs that sell are in the lower price point with the average sales price $441,909 for 2010.
- Investors are out in force. 58% of all single family home short sale that successfully closed escrow were purchase for ALL cash.
- Only 1 in 4 properties that were being sold in a short sale process closed escrow.
Sold Pasadena Real Estate Market Statistics:
Data is based on information from the Pasadena Foothill Association of Realtors ITEC MLS for the periods shown.
Display of MLS data is deemed reliable but is not guaranteed accurate.
| 2010 | 2009 | % Chg | |
| Single Family Homes | |||
| Volume | 662 | 775 | -17.1% |
| Price/Sq. Ft. | $390 | $383 | 1.8% |
| Ave Sales Price | $803,296 | $755,626 | 5.9% |
| Days on Market | 69 | 70 | -1.4% |
| Size/Sq. Ft. | 1,986 | 1,924 | 3.1% |
| REO Volume | 51 | 50 | 2.0% |
| Short Sales Volume | 27 | 12 | 55.6% |
| Condos & Townhomes | |||
| Volume | 416 | 463 | -11.3% |
| Price/Sq. Ft. | $360 | $351 | 2.5% |
| Ave Sales Price | $482,987 | $455,724 | 5.6% |
| Days on Market | 81 | 83 | -2.5% |
| Size/Sq. Ft. | 1,333 | 1,301 | 2.4% |
| REO Volume | 31 | 21 | 32.3% |
| Short Sales Volume | 27 | 12 | 55.6% |
Pasadena’s Single Family Homes – Real Estate report for August 2010
When we are looking at Pasadena home sales data for August 2010, please keep in mind that most of these homes have actually went under contract sometime in June or July. Hot summer months – in more ways than one. Yes… it was hot. 🙂 But, for real estate purposes, this is also the busiest home selling activity.
Many Pasadena home buyers take advantage of vacation time or kids being out of school to go shopping for their next home.
August in itself, had the lowest number of new home listings in Pasadena at only 77 comparing to close to 100 in the previous months.
The lowest priced home for sale listed in Pasadena was $220,000.
The highest priced home for sale listed in Pasadena was $6,650,000
Pasadena Single Family Home Sales statistics:
| Single Family Residence | May-10 | Jun-10 | Jul-10 | Aug-10 |
| New Listings | 96 | 97 | 100 | 77 |
| Total Listings | 310 | 308 | 342 | 282 |
| Sales Pending | 87 | 90 | 84 | 50 |
| Homes Sold | 70 | 76 | 73 | 50 |
| Listings Expired | 25 | 29 | 33 | 46 |
| Average Days on the Market | 59 | 58 | 68 | 68 |
| Average Price Per Sq. Ft. | $378 | $401 | $373 | $388 |
| Median Selling Price | $548,000 | $687,000 | $668,000 | $565,000 |
| Average Selling Price | $620,090 | $862,668 | $825,831 | $823,022 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 19.2 | 17.6 | 20.3 | 24.4 |
Let’s take a look at the actual Pasadena home sales prices by area:
South West Pasadena
Average price per square foot for homes in the South West Pasadena neighborhood increased by 40.3% from August 2009 to August 2010 from $423 per sq. ft. to $593 per sq. ft.
The South West Pasadena homes also sold 54% faster in the same span of time. The average time on the market for these homes in August 2009 was 93 and in August 2010 was 43 days.
On average the homes in South West Pasadena sold at 98% of list price.
See all Pasadena South West homes for sale here. These home listings are updated “real time”.
READ THE FULL POST ON PASADENA REAL ESTATE 2010 SUMMER STATISTICS HERE
Pasadena real estate housing statistics for January 2010
In reviewing the numbers of home sales in Pasadena California for January 2010 and comparing it to January 2009, the stats that jump out at me are:
Pasadena Single Family Houses for Sale
- The inventory is a bit lower and it takes a lot less time to sell a home in Pasadena this year than last.
- Price per square foot of sold homes is actually higher this year than last.
- Even though there’s less inventory, almost twice as many units sold in January of this year than last.
- And, fewer home listings expired.
Pasadena Condos for Sale
- Again less inventory this year, but significantly higher number of sales – in January of 2009, only 5 condos sold and 33 in January of 2010.
- Price per sq. ft. of sold condos is a bit lower at $367 vs. $379
- Absorption rate is only 19.6 weeks in 2010 vs 158 weeks in 2009
Pasadena Townhouses for Sale
- A lot more new townhome listings this January than last year. However, the total number of units is consistent at 67.
- Only 4 townhomes sold in January of 2010 vs 11 in 2009
- Price per square foot is significantly higher and is over $400. This is most likely driven by a small number of sales. That number will come down in February as volume of sales rises.
| Single Family Residence | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 81 | 53 | 45 | 67 |
| Total Listings | 239 | 226 | 204 | 207 |
| Sales Pending | 31 | 67 | 65 | 61 |
| Homes Sold | 28 | 69 | 68 | 48 |
| Listings Expired | 48 | 36 | 53 | 22 |
| Average Days on the Market | 130 | 67 | 84 | 87 |
| Average Price Per Sq. Ft. | $333 | $368 | $330 | $355 |
| Median Selling Price | $505,000 | $620,000 | $810,000 | $531,500 |
| Average Selling Price | $548,981 | $714,001 | $729,829 | $664,954 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 37.0 | 14.2 | 13.0 | 18.7 |
| Condos | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 44 | 24 | 23 | 56 |
| Total Listings | 183 | 172 | 143 | 149 |
| Sales Pending | 2 | 35 | 29 | 33 |
| Condos Sold | 5 | 29 | 31 | 33 |
| Listings Expired | 24 | 17 | 24 | 37 |
| Average Days on the Market | 113 | 86 | 67 | 79 |
| Average Price Per Sq. Ft. | $379 | $377 | $369 | $367 |
| Median Selling Price | $207,450 | $485,000 | $398,000 | $413,000 |
| Average Selling Price | $427,950 | $491,121 | $474,298 | $414,088 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 158.6 | 25.7 | 20.0 | 19.6 |
| Townhomes | Jan-09 | Nov-09 | Dec-09 | Jan-10 |
| New Listings | 8 | 14 | 11 | 26 |
| Total Listings | 67 | 67 | 54 | 67 |
| Sales Pending | 6 | 23 | 12 | 2 |
| Townhomes Sold | 11 | 15 | 27 | 4 |
| Listings Expired | 8 | 4 | 20 | 0 |
| Average Days on the Market | 115 | 59 | 67 | 65 |
| Average Price Per Sq. Ft. | $349 | $397 | $373 | $421 |
| Median Selling Price | $ 462,500 | $ 520,000 | $ 545,000 | $ 503,500 |
| Average Selling Price | $ 436,991 | $ 539,267 | $ 585,007 | $ 504,250 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 26.4 | 19.4 | 8.7 | 72.6 |
Year To Date Pasadena Real Estate Market Statistics:
[altos_chart st=”CA” cid=”1994″ zid=”2894335″ rt=”sf,mf” ra=”a” q=”a” left=”median_price” size=”m” timeSpan=”e” endDate = “2009-11-20” /] [altos_chart st=”CA” cid=”2018″ zid=”2898911″ rt=”sf,mf” ra=”a” q=”a” left=”median_per_sqft” size=”m” timeSpan=”e” endDate = “2009-11-20” /]July 2009 Real Estate Market Report:
See the latest Pasadena Real Estate Market and Housing Report for housing trends as of August 2009.
As expected, the volume of sales has increased dramatically from April to May.
Pasadena home sales increased by 20% from April and homes under contract are 23% higher. Average selling price increased a bit as well. Close to 100 new home listings came up on the market, but the inventory is still a bit under 300 homes.
Here’s a chart from Altos Research group with the historical look at Median prices of Pasadena homes:
As I published March 2009, Pasadena Real Estate Market Housing statistics and report, there were several key points that jumped out at me when I looked at the numbers:
1. The housing inventory is falling in every category – Pasadena homes, Pasadena condos and Pasadena townhomes. In a normal real estate market the inventory will pick up as we get closer to spring and summer months. The number of newly listed Pasadena properties stays the same, but the number of Pasadena home sales almost doubled in March 2009.
2. Absorption Rate – a key real estate statistic – is significantly lower for each of the tracked categories. Absorption rate is an indicator that sellers use to anticipate how long it will take to market their homes for sale. For example, looking at Pasadena single family homes, a Pasadena home seller should understand that if the rate of sales and current inventory remains the same, it will take them on average 21.7 weeks to sell their home. That’s a significant drop in home marketing time from 35.7 and shows a trend towards getting back to a more balanced real estate market.
3. The most significant change in pricing is seen at the Pasadena condo level. Now is the time to get excellent Pasadena condo deals. The price per square foot on a Pasadena condo is at an all time low of $315 per sq. ft. Take a look at Pasadena’s real estate market analysis for the last five years and you’ll see that we’re back to 2003 price levels.
Read the full Pasadena Real Estate Market Report for March 2009 here.
Real estate market Pasadena California statistics for January and February 2009:
nventory of Pasadena homes each month for both January and February almost doubled from December of 2008. More homes are available for sale and more homes are selling. February 2009 ended the month with 37 Pasadena homes sold and 57 homes under contract. This is very much in line with what I’ve been seeing with my clients. A lot of offers are being placed on homes and once again we are seeing multiple offers in homes under $500,000. It’s also interesting to note that single family residences (SFR) in Pasadena sold a bit over 97% of asking price.
The number of available Pasadena condos for sale doubled as well from the end of 2008. A huge increase in the number of Pasadena condos under contract from last year was seen in the month of February. This doesn’t surprise me since condos have experienced a more significant price drop. I was able to help my buyers purchase a condo last month in the South Lake Avenue district just steps from Macy’s for only $249,500. And the price included a seller concession of an additional $7,500 towards closing costs. Quite frankly, this type of purchase was impossible only a few months ago.
READ MORE: Complete statistics and inventory for Pasadena housing – beginning of 2009
Pasadena real estate market report for December 2008:
December has been uneventful for Pasadena’s real estate market. Inventory of homes and condos dropped from last several months to 250 homes and 158 condos. While the number of available Pasadena townhomes for sale increased to 76 units.
Since, there was an increase in the number of homes sold and the number of Pasadena sellers that decided to take their homes off the market, absorption rate dropped dramatically.
I expect that we will see a lot more Pasadena property listings hit the market in January since many home sellers wait until after the holidays to list their Pasadena home for sale. I also expect banks to start releasing foreclosures that they’ve been holding on to for book keeping purposes.
While prices have been basically flat over the last several weeks, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are becoming more available and Pasadena buyers are tending to get more home for their money.
Read More: Complete statistiscs for Pasadena real estate – December 2008
Interested in searching for Pasadena homes and condos for sale? Here’s a list of all available properties including foreclosures:
Pasadena Real Estate Market Statistics for October 2008 through December 2008:
| Single Family Residence |
Oct-08 | Nov-08 | Dec-08 |
| New Listings |
72 | 56 | 46 |
| Total Listings |
303 | 261 | 250 |
| Sales Pending |
61 | 29 | 40 |
| Homes Sold | 71 | 42 | 69 |
| Listings Expired |
54 | 53 | 83 |
| Average Days on the Market |
141 | 115 | 102 |
| Average Price Per Sq. Ft. |
$411 | $402 | $373 |
| Average Selling Price |
$811,092 | $699,591 | $760,146 |
| Median Selling Price |
$620,000 | $445,750 | $560,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
18.5 | 26.9 | 15.7 |
| Condos | Oct-08 | Nov-08 | Dec-08 |
| New Listings |
43 | 39 | 26 |
| Total Listings |
165 | 159 | 158 |
| Sales Pending |
26 | 7 | 22 |
| Homes Sold | 31 | 17 | 19 |
| Listings Expired |
16 | 27 | 29 |
| Average Days on the Market |
135 | 110 | 60 |
| Average Price Per Sq. Ft. |
$401 | $377 | $355 |
| Average Selling Price |
$442,758 | $428,641 | $410,363 |
| Median Selling Price |
$415,000 | $455,000 | $380,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
23.1 | 40.5 | 36.0 |
| Townhomes | Oct-08 | Nov-08 | Dec-08 |
| New Listings |
12 | 27 | 20 |
| Total Listings |
68 | 68 | 76 |
| Sales Pending |
3 | 10 | 13 |
| Homes Sold | 15 | 5 | 14 |
| Listings Expired |
10 | 5 | 26 |
| Average Days on the Market |
72 | 36 | 116 |
| Average Price Per Sq. Ft. |
$347 | $426 | $351 |
| Average Selling Price |
$ 544,820 |
$ 604,600 |
$540,214 |
| Median Selling Price |
$ 519,900 |
$ 575,000 |
$465,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.6 | 58.9 | 23.5 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service)
Read More: going into escrow in October.
Pasadena real estate market report for October 2008:
Pasadena’s real estate inventory of homes has decreased in October to 127 units overall – inclusive of single family residences, condos and townhomes. It is not surprising as folks are getting ready for the holiday season and in the natural annual cycle of real estate, we expect to see less inventory to choose from. The sales have closed strongly in October at 117 units. Next month, we will see a marked decrease in this number as evidenced by the decline in the
This month, I was able to catpure the median Pasadena home sales price and will be adding that information to all future reports. Median home sales prices provide a more accurate picture since the median signifies that 50% of Pasadena homes sold for more and 50% of these homes sold for less. Hope that you will find it useful.
Market Action Indicator for Pasadena’s real estate is currently in the buyer’s zone though not strongly so. The 90-day Market Action Index stands this week at 22 so buyers should expect find reasonable levels of selection. Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
The highest sold home in Pasadena for October was at 485 South Grand Avenue, a 4 bedroom/4 bath luxury estate with 6,000 sq. ft. on a 24,345 sq. ft. lot which sold for $4,300,000 at 95.56% of its asking price.
The lowest sold home in Pasadena for October was 476 East Mountain Street, a 1 bedroom and 1 bath with 624 sq. ft of a 2,580 sq. ft. lot whcihc sold for $233,000. This home sold over its original asking price of $226,900.
Overall, October’s single family residences sold at 95.20% of their asking price.
Housing Market Statistics for Pasadena California for August 2008 through October 2008:
| Single Family Residence |
Aug-08 | Sep-08 | Oct-08 |
| New Listings |
80 | 78 | 72 |
| Total Listings |
325 | 341 | 303 |
| Sales Pending |
43 | 95 | 61 |
| Homes Sold | 69 | 59 | 71 |
| Listings Expired |
36 | 59 | 54 |
| Average Days on the Market |
133 | 115 | 141 |
| Average Price Per Sq. Ft. |
$407 | $396 | $411 |
| Average Selling Price |
$923,986 | $751,228 | $811,092 |
| Median Selling Price |
$657,000 | $655,000 | $620,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
20.4 | 25.0 | 18.5 |
| Condos | Aug-08 | Sep-08 | Oct-08 |
| New Listings |
31 | 46 | 43 |
| Total Listings |
136 | 156 | 165 |
| Sales Pending |
9 | 38 | 26 |
| Homes Sold | 27 | 21 | 31 |
| Listings Expired |
22 | 35 | 16 |
| Average Days on the Market |
115 | 121 | 135 |
| Average Price Per Sq. Ft. |
$397 | $445 | $401 |
| Average Selling Price |
$515,896 | $459,540 | $442,758 |
| Median Selling Price |
$399,500 | $350,000 | $415,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
21.8 | 32.2 | 23.1 |
| Townhomes | Aug-08 | Sep-08 | Oct-08 |
| New Listings |
11 | 16 | 12 |
| Total Listings |
57 | 69 | 68 |
| Sales Pending |
6 | 18 | 3 |
| Homes Sold | 13 | 15 | 15 |
| Listings Expired |
4 | 12 | 10 |
| Average Days on the Market |
111 | 130 | 72 |
| Average Price Per Sq. Ft. |
$385 | $358 | $347 |
| Average Selling Price |
$ 597,477 |
$ 512,933 |
$ 544,820 |
| Median Selling Price |
$ 539,000 |
$ 500,000 |
$ 519,900 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) |
19.0 | 19.9 | 19.6 |
Data compiled from ITEC (Pasadena Foothill Association Multiple Listing Service).