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Pasadena Home Sales Update

2013 has a strong start for Pasadena home sales.  Pasadena California is in a strong seller’s market.  No longer do home buyers have plenty of homes to choose from.  And, the prices are going up… Thankfully, the interest rates are still at record lows, but they only fuel the desperation seen in the market place with multiple home buyers bidding for same home.  This should be no surprise for my readers since I’ve been talking about the market turning for quite awhile now.

But, let’s take a look at historical data.

Pasadena home sale statistics 2003 to 2012

Highlights:

  • Average sold prices in Pasadena are back to just above 2003 levels.  $668,040 would buy you an average 3 bedroom, 2 bath home last year.
  • Inventory of available homes is the lowest in 10 years – January 2013 had only 122 Pasadena homes for sale!
  • More homes are in demand.  A whopping 938 homes have been sold last year.  We have not seen this volume since 2006.

Interesting Facts:

  • 1 in 3 homes were purchased for all cash last year.  
  • 2nd mortgages are almost non-existent – only 1.8% of home owners were able to get a 2nd loan with their purchase.  Almost 43.4% of all home purchases in 2006 had a 2nd mortgage.
  • More home buyers are taking advantage of the low interest rates by locking in fixed rate loans.  3.7% in 2012 was the average compared to 6.4% in 2006.
  • Affordability is at 51% in 2012, up from only 12% in 2006.

Now… FUN facts:

  • Highest priced home sale in Pasadena in 2012 closed at over $8 million!
  • So far, in the first month of 2013, Pasadena already had a home sale over $7 million!!!

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.

Statistics gathered from Pasadena Foothill Association – Single Family Homes only.


Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Interested in seeing what available for sale? Take a look at the home listings below. The information is updated real-time as new homes are entered into the Multiple listings service:

  • Fri, 15 Jan 2021 22:37:00 +0000: $1,049,000 :: 542 Eldora Road, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,837 sq ft
    Lot Size: 9,584 sq ft
    Added: 01/15/21, Last Updated: 01/15/21
    Property Type: Single Family
    MLS Number: P1-2920
    Community: 646 - Pasadena (NE)
    Tract: Not Applicable
    Status: Active


    There is something special about Eldora Road. It is not just the meandering sidewalks or the decorative streetlights or even the character of its homes, it is the community that is found here. Its occupants enjoy annual block parties, Halloween gatherings, Christmas Caroling, & the daily joy of children playing. Situated prominently on a large 9,400 sf parcel, 542 Eldora was built in 1937 in the middle of the street. The Traditional stye home includes 1,837 sf with 2 very large bedrooms & a separate den/office. The formal entry leads into both the central hall & living room. The living room is beautifully appointed with a large bay window showcasing the view of the San Gabriel Mountains, a fireplace, & multiple wall sconces. The dining room offers an oversized window, & access to the den/office, kitchen, & basement. The den/office features new hardwood flooring, multiple windows, & exterior access to the side patio. The highlight of the home is the newly remodeled kitchen. Butcher block counters, wood cabinetry, recessed lighting, Marmoleum flooring, & a farmhouse sink adorn the space. Off the central hallway are the 2 bedrooms & bathrooms. The hallway bath features original tiling, a bathtub, & separate shower area. The guest bedroom has 3 windows & a spacious closet. The master bedroom is quite large & includes multiple closets & its own bathroom with original tiling & leaded glass window. The front & rear yards include green grass, fruit trees & multiple sitting areas.

    Listed with Jeremy Hardy CalDRE: 01369308, Craig Estates and Fine 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/!


  • Fri, 15 Jan 2021 21:15:00 +0000: $1,995,000 :: 363 Patrician Way, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 4 baths
    Home size: 3,378 sq ft
    Lot Size: 14,637 sq ft
    Added: 01/15/21, Last Updated: 01/15/21
    Property Type: Single Family
    MLS Number: 21680270
    Community: 645 - Pasadena (NW)
    Status: Active


    Sophisticated hillside retreat in the hills above Annandale. This light and bright view-home has pure WOW factor from the moment you step in the door. The versatile and open floorplan has gallery-like walls, ideal for showcasing magnificent artwork as well as beautiful views of canyon vistas and city lights. The dramatic two-story living room features a fireplace, bar area, and opens to a large, heated patio for outdoor dining, entertaining, and to take in the glorious views and sunsets. The kitchen is a gourmets delight with lots of counter space and storage. The bedroom level features an enticing primary suite with a gleaming white bath and private balcony. There are two more bedrooms including a guest suite with private bath and balcony. This exceptional and chic home, filled with light and color, is not to be missed.

    Listed with Greg Holcomb CalDRE: 01347788, 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, 15 Jan 2021 20:46:00 +0000: $849,000 :: 439 Vineyard Place, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 1,658 sq ft
    Lot Size: 4,792 sq ft
    Added: 01/15/21, Last Updated: 01/15/21
    Property Type: Single Family
    MLS Number: P1-2919
    Community: 646 - Pasadena (NE)
    Tract: Not Applicable
    Status: Active


    This recently remodeled property offers an open floor plan with two bedrooms, two baths, a sunroom and laundry room in the main house. Some of the upgrades include: custom designed bathrooms, custom kitchen with commercial stainless appliances, Quartz counter tops throughout, porcelain farm house sink, custom subway and glass mosaic tile, crown molding, high end laminate wood flooring, recessed lighting, central air, double pane windows, drought tolerant landscaping, updated foundation and more. The remodeled guest unit has all new kitchen, bathroom, quartz counter tops, flooring, AC, lighting, patio slider and much more. The guest unit adds a wonderful feature to this home, as it could be used for an in-law suite, office or creative space. The location of this home has all the convenience one can ask for with close proximity to grocery stores, shopping and more.

    Listed with Nabil Suleiman CalDRE: 02004196, deasy penner podley


    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, 15 Jan 2021 18:28:00 +0000: $410,000 :: 2444 E Del Mar Boulevard #212, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 861 sq ft
    Lot Size: 31,960 sq ft
    Added: 01/15/21, Last Updated: 01/15/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR21009271
    Community: 648 - Pasadena (SE)
    Status: Active


    Welcome to a great looking Pasadena 1bed/1bath condo. 2444 E. Del Mar Blvd. Unit 212. is full of charm. As you enter into the living room, you will feel the expansiveness of the room which holds a gas burning fire-place. As you continue on, there is a set of double-pane sliding glass doors that lead to a cozy covered patio-balcony. To the left of the living room is the dining room with a nice chandelier. The upgraded kitchen offers ample custom cabinetry with some glass fronts, cabinet pull-outs, granite counter tops, recessed lighting, under cabinet lighting and stainless steel appliances (stove range, microwave, dishwasher and refrigerator). The spacious bedroom has an upgraded bathroom and phenomenal looking walk-in closet. Central air and heat, hardwood floors, double-pane windows throughout & plantation shutters. The association dues include gas, water, trash, common grounds maintenance, insurance, a gym, sauna, game room, laundry area (each level of the building has its own laundry room) and conference room. This complex is so centrally located, a short walk to Colorado Blvd., where one can enjoy the famous Rose Parade. Also, close to San Marino, the Huntington Library, Lacie Park, Cal Tech, PCC, the Pasadena Play House, grocery stores, Walgreens, CVS, restaurants and an array of shops and other restaurants on Lake Ave. and Old Town Pasadena. It's also conveniently close to the 210 freeway, the Metro Gold Line and public transportation.

    Listed with Zoila Athas CalDRE: 01813281, Century 21 Masters


    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, 15 Jan 2021 17:24:00 +0000: $1,525,000 :: 106 Patrician Way, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,630 sq ft
    Lot Size: 49,127 sq ft
    Added: 01/15/21, Last Updated: 01/15/21
    Property Type: Single Family
    MLS Number: 21677392
    Community: 645 - Pasadena (NW)
    Status: Active


    Expansive property of over one acre with 240-ft street frontage is the setting for this Mid-Century hidden jewel above Annandale Golf Course. Panoramic views from mountains, golf course, and DTLA skyline, to Century City sunsets and beyond. Built in 1955, this 1,630 +/- sq ft ranch home includes 3 beds, 2 baths and an attached garage. Lovingly maintained and improved by owner of over 25 years, the home feels fresh, open and modern. Large dual-paned windows bring in an abundance of natural light to living areas. Well-equipped kitchen integrates nicely with living rm while sharing wide open commanding vistas. Modern updates including generous MBR suite, walk-in closet and spacious bath with luxe finishes. Glorious flowering garden among mature trees, brick pathway, fenced lawn terracing gently to 21' X 50' pool. Ample decking, storage, changing rooms and cabana adjacent to pool. Substantial property appears to be a natural to explore expansion, further enhancement or other possibilities.

    Listed with Mark Jerusalem CalDRE: 01371254, Sotheby's International 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, 15 Jan 2021 16:37:00 +0000: $998,000 :: 257 S Hudson Avenue #302, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 1,704 sq ft
    Lot Size: 17,860 sq ft
    Added: 01/06/21, Last Updated: 01/15/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-2814
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Presenting Hudson Terrace -architecturally designed unlike any other multi-family community in Southern California with its industrial vibe and exceptional quality finishes. The design is inspired by Bauhaus architecture and it is situated in Pasadena's prime South Lake Avenue's Business District one block from shopping, dining and fitness. Its unique exterior is built with a state-of-the-art rain wall shield system, sand-blasted glass balcony railings and interlocking custom manufactured pre-cast bricks. The building showcases a bold 80'' horizontal water fountain set within a Zen garden courtyard . Its interiors include floor-to-ceiling glass doors allowing for an abundance of natural light. Modern and sleek finishes include: bamboo flooring throughout, gourmet kitchen with Italian designed cabinetry, honed black granite counter tops , Bertazzoni and Bosch stainless steel appliances. Both the living room and master bedroom include Heatilator gas fireplaces. The spa like master bath includes a steam shower, Duravit double sink, jetted soaking tub and views of bamboo trees. Generously sized bedroom closets are designed by Dall''Agnese of Italy. This end unit is located on the top level and boasts three balconies with city and mountain views. The subterranean garage has two side-by-side parking spaces and large private storage room.

    Listed with Lara Arslanian CalDRE: 01274839, 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, 15 Jan 2021 14:01:00 +0000: $539,000 :: 300 N El Molino Avenue #204, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,026 sq ft
    Lot Size: 52,534 sq ft
    Added: 01/15/21, Last Updated: 01/15/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-2915
    Community: 648 - Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Located a few blocks from the Pasadena Playhouse and the Rose Parade route on Colorado Blvd., this updated, single level condo is in a great location, at an affordable price with lots of amenities. The outstanding floor plan features a spacious living room with crown moldings, 9-ft ceilings, a gas fireplace, new carpet and paint with access to the west facing balcony to enjoy our lovely sunsets. This is open to the handsome kitchen with all new stainless steel appliances, granite counters, breakfast bar, nice wood cabinets with a full size stackable washer/dryer closet as well. The W/D are only one year old. There are also two master suites, both with new paint and carpet, beautifully updated bathrooms and walk-in closets designed by California Closets. The amenities at El Molino Terrace include a pool, spa, sauna, gym, lounge and meeting room. There is a spacious parking space within the gated garage. In this location you are just a few blocks from Old Pasadena's world-class dining, shopping and entertainment as well as the Paseo, South Lake Shopping District and the Pasadena Playhouse. There is also a Metro Gold Line Station nearby. This is a great starter home in a very convenient location and would be great for someone who is looking for a part-time residence in Pasadena. This is a great opportunity to live in the heart of Pasadena with access to all that includes. Come check this one out!

    Listed with Tony Dowdy CalDRE: 01347010, 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, 14 Jan 2021 23:09:00 +0000: $365,000 :: 1015 N Michillinda Avenue #205, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    1 bed, 1 bath
    Home size: 669 sq ft
    Lot Size: 23,523 sq ft
    Added: 12/10/20, Last Updated: 01/14/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-2607
    Community: 646 - Pasadena (NE)
    Tract: Other
    Status: Active


    The'Hastings Towers Condominiums' complex is situated in the highly desirable Upper Hastings Ranch neighborhood of Pasadena. Within the complex there is a lovely front sitting room as well a meditative garden courtyard. The most affordable living space in Pasadena's Upper Hasting ideal rent alternative or for rental income. This unit has 2 common walls has a generously sized living room with big sliding windows that allows lot of natural lights to penetrate, dining room is conviniently next to the kitchen, bedroom has big windows and has 1 full bathroom . 1 parking space and 1 storage space in the garage. Community Laundry in garage level. Use front door key to have access to elevator. Close proximity to the Sierra Madre Town Square, Hamilton Park, Pasadena Farmer's Market, Eaton Canyon Golf Course, Hastings Branch Library, Whole Foods, Trader Joes and so much more. The property also offers easy access to the 210 freeway and public transportation.

    Listed with Aline Kharajian CalDRE: 02060633, Keller Williams 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, 14 Jan 2021 20:38:00 +0000: $3,388,000 :: 388 Cordova Street #PH6, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 4 baths
    Home size: 2,535 sq ft
    Lot Size: 0 sq ft
    Added: 01/13/21, Last Updated: 01/14/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR21008043
    Community: 648 - Pasadena (SE)
    Status: Active


    The pinnacle of luxury living in Pasadena’s tallest residential building, Penthouse 806 at 388 Cordova features 3 en-suite bedrooms, 3.5 bath, with amenities to nurture the heart and soul: New modern construction with 11-ft ceilings, highly curated design details in every room, a 598 sq. ft. private terrace, and the piece de resistance, south-facing sweeping views of the San Gabriel Valley and Downtown LA. Also unit is compatible with Gigabit Fiber Located in the Heart of Pasadena, minutes from Old Town, Paseo de Colorado, and Lake Ave, the contemporary façade of the building exquisitely sets the tone for modern luxury and convenience. The open floorplan is bright and airy with floor-to-ceiling windows. The Chef’s kitchen, with custom Italian-designed cabinets, quartz counters, and replete with Sub-Zero refrigerator, Miele dishwasher, and Wolf cooktop, open to Grand family room and dining area. Also on this first level is one en-suite bedroom with luxurious bath, a powder room and large laundry/storage room. Upstairs are two en-suite bedrooms, both with direct access to the inspiring private balcony and hot tub. The glass-walled balcony enhances the ability to experience both the comfort and privacy of home and nature. Spa-like bathrooms boast waterfall dual shower heads and select fixtures by Grohe and TOTO. Common areas include a private gym, pool and spa with kitchen and firepit to entertain, concierge security service, gated entrances and mailroom with Hub lockers.

    Listed with Anna Wang CalDRE: 01405688, Keller Williams 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, 14 Jan 2021 20:38:00 +0000: $2,780,000 :: 388 Cordova Street #PH2, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 4 baths
    Home size: 2,218 sq ft
    Lot Size: 0 sq ft
    Added: 01/13/21, Last Updated: 01/14/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR21006629
    Community: 648 - Pasadena (SE)
    Status: Active


    388 Cordova presents best-of-class penthouses with spectacular opulence and value in this special city. New modern construction with 11-ft ceilings, highly curated design details in every room, private 893 sq. ft. terrace with hot tub, and the piece de resistance, north facing sweeping 180-degree views of the great San Gabriel Mountains and Pasadena Landmarks. In the heart of Pasadena, the open floorplan is bright and airy with floor-to-ceiling windows. The Chef’s kitchen, with custom Italian-designed cabinets, quartz counters, and replete with Sub-Zero refrigerator, Miele dishwasher, and Wolf cooktop, open to Grand family room and dining area. The first level is one en-suite bedroom with luxurious bath, a powder room and large laundry/storage room. Upstairs are two en-suite bedrooms, both with direct access to the inspiring private balcony and hot tub. The glass-walled balcony enhances the ability to experience both the comfort and privacy of home and nature. Spa-like bathrooms boast waterfall dual shower heads and select fixtures by Grohe and TOTO. Common areas include a private gym, pool and spa with kitchen and firepit to entertain, concierge security service, gated entrances and mailroom with Hub lockers. Pasadena holds an extraordinary place in the world with its legendary Rose Bowl Stadium and Rose Parade, historical buildings, the thriving shopping and cultural destinations. Modern meets Renaissance...

    Listed with Anna Wang CalDRE: 01405688, Keller Williams 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/!


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