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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:

  • Wed, 18 May 2022 14:05:00 +0000: $1,074,000 :: 99 N Wilson Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,800 sq ft
    Lot Size: 9,048 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-9597
    Community: Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Modern Luxury Townhome in Pasadena! This beautiful townhome has a great open floor plan, 20 foot high ceilings and lots of natural light. There are two large bedroom suites both with walk in closets, an additional office/loft space as well as a great roof top deck to enjoy views of Pasadena and our great weather. This home has high end European details in the kitchen and bathrooms, solar panels, a private two car garage with great storage and a private patio. Close to Caltech, South Lake and Old Town this home is ready for you to move in and enjoy!

    Listed with Amy Engler CalDRE: 01413993 | (323) 481-8782, COMPASS


    Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!


  • Wed, 18 May 2022 13:37:00 +0000: $1,698,000 :: 1040 S Oak Forest Lane, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 4 baths
    Home size: 2,651 sq ft
    Lot Size: 15,260 sq ft
    Added: 05/12/22, Last Updated: 05/18/22
    Property Type: Single Family
    MLS Number: P1-9481
    Community: Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Bursting with curb appeal, this mid-century-modern stunner set on a tranquil cul-de-sac is a must-see! From the picturesque white picket fence to the gorgeously manicured gardens with vibrant pops of color, there's a lot to explore across its expansive 15,000+ sq ft lot. Built in 1948, this Pasadena home offers a 2,051-sq ft layout with 3 bedrooms and 1.75 baths. Large glass sliders with plantation shutters combine with crisp, white tones to lend a bright and open feel to the interior. A double-sided fireplace reaches the heights of the vaulted, beamed ceilings to create a focal point between the living room and dining area.In the kitchen, an efficient layout is just waiting for you to transform the space into the culinary haven of your dreams. An ensuite, walk-in closet, and private study await you in the primary bedroom. Grab your morning coffee and greet the day in the tiled sunroom where multiple sliders frame views of your outdoor oasis. Truly an inviting escape, your fully fenced backyard has plenty of options for fun in the sun. Slide into the glistening waters of the swimming pool, show off your skills at the built-in BBQ, or dine al fresco on the covered patio.A studio-style, spacious 600-sq ft ADU, with a kitchen and full bath can accommodate guests or generate income through its suggested $2k+ rent. The structure was originally permitted and constructed as a cabana in 1960, and was recently permitted and approved by LA County Building and Safety as an ADU. It has a separate electric sub meter that can be read separately for usage, but there is only one primary electric meter, gas meter & water meter for the property. What better way is there to generate income and pay off the mortgage faster! Additional features include central heat and air in the home, a covered, brand new cement carport, brand new septic tank, detached shed, poolside water closet, a parking area for your boat or RV, plus 2 more parking spaces on the north front side of the house! A desirable location places you near Huntington Drive, Trader Joe's, San Marino, Santa Anita shopping center, dining, and entertainment. Ready to make this delightful abode yours? Come for a tour before somebody else does!

    Listed with Meg Middleman CalDRE: 00914188 | (626) 788-8980, 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/!


  • Wed, 18 May 2022 13:37:00 +0000: $565,000 :: 355 S Marengo Avenue #205, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 823 sq ft
    Lot Size: 0 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-9596
    Community: Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Welcome to Marengo Gardens - a well maintained condo complex in the heart of Pasadena! Desirable single level unit in the rear of the complex featuring hardwood floors, open dining and living area, kitchen with stacked laundry in-unit, recessed lighting and access to a private south facing balcony from all rooms. The first bedroom easily accesses a full bathroom in the hall while the primary suite has its en suite bathroom and two spacious closets. The unit includes two parking spaces in the gated garage area and access to the community's pool. Convenient to restaurants, freeways, the Metro Gold Line and everything the city has to offer. Truly a fantastic opportunity!

    Listed with Grace Chang CalDRE: 01788890 | (626) 318-2028, 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/!


  • Wed, 18 May 2022 13:29:00 +0000: $899,999 :: 811 N El Molino Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    4 beds, 1 bath
    Home size: 1,258 sq ft
    Lot Size: 5,607 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Single Family
    MLS Number: SR22092478
    Community: Pasadena (NE)
    Status: Active


    Beautiful gated single story craftsman style home with a basement located on a corner lot. Two of the bedrooms have private entrances. Featuring a large covered front porch. Living room with fireplace, crown moldings, and ceiling fan. It opens to the formal dining room with chandelier and gorgeous wainscoting panels. There is extra space which can also be used as a family room. Lots of built-ins. The kitchen has granite counters and backsplash plus stainless steel appliances. It is next to the laundry room and basement which has lots of storage space. Rear gated 2 car covered carport and a large yard. Space for ADU. Bedrooms with ceiling fans. Large full hallway bath. Huge potential to add-on. Located in a nice area.

    Listed with Barry Green CalDRE: 01311520 | 818-933-3100, Pinnacle Estate Properties, 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/!


  • Wed, 18 May 2022 11:25:00 +0000: $585,000 :: 64 N MAR VISTA Avenue #122, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 890 sq ft
    Lot Size: 72,837 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 22157157
    Community: Pasadena (SE)
    Status: Active


    Fully remodeled 2 bedroom, 2 bath, first floor condo located in the heart of Pasadena in The Meridian, a highly desirable and exceptionally well-maintained, charming Spanish garden-style complex on a tree-lined, quiet street within walking-distance to bustling restaurants, cafes, boutique shops, Target, Trader Joe's, nearby parks, Pasadena City College, and Caltech. Great open floor plan with two bedrooms, each on opposite sides of the spacious living room provide you plenty of privacy. The primary bedroom comes with two spacious mirrored closets, ensuite bath and opens to a private balcony. The second bedroom features a large walk-in closet Both bathrooms have been updated with quartz countertops and stylish, self-lighting medicine cabinets. The updated, bright kitchen has everything you need including newer appliances and sink, quartz countertops, and a breakfast bar. Off the living room is a huge balcony with a storage closet. All new hardware and blinds, rich walnut hardwood floors, recessed lighting throughout and two side by side parking spaces in the covered subterranean garage with elevator access to the ground level make this unit truly move-in ready! The Meridian abounds with beautiful, lush landscaping and features controlled access for security, a sun-drenched pool & spa, gym and club room and two laundry rooms and is conveniently located near Old Town Pasadena, South Lake District, the Rose Bowl and so much more. Come enjoy the best Pasadena has to offer!

    Listed with Nada Lahoud CalDRE: 01231929 | 818-812-6300, Fifth Avenue 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, 18 May 2022 11:25:00 +0000: $1,479,000 :: 91 W Villa Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,404 sq ft
    Lot Size: 8,390 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Single Family
    MLS Number: P1-9593
    Community: Pasadena (NW)
    Tract: Not Applicable
    Status: Active


    This beautiful, one-of-a-kind 1904 Transitional Victorian property was designed by renowned architect C.W. Buchanan. It has been re-imagined and fully restored and remodeled to its fullest extent. As you approach this stunning home, you are greeted by a wide and inviting seating porch. The main entry door opens into a light filled formal living room with original crown moldings and elegant pocket doors separating the living room from the bedroom to the left and the formal dining room where your eyes immediately gravitate towards the stunning fireplace. The dining room leads you into the brand-new kitchen with professional grade all stainless steel appliances. The first two bedrooms are connected to one another through a Jack and Jill bathroom. There is an additional third bedroom and a second bathroom towards the rear of the home. The neatly landscaped and manicured backyard is a perfect sanctuary for entertaining, dining al fresco, or for a quiet retreat gazing at the San Gabriel mountains. At the corner of the back yard is the brand-new garage which was just constructed. A few noteworthy features of this lovely home are all brand new: roof, copper plumbing, electricity (200AMP fuse box), central HVAC, 2 bathrooms, kitchen, appliances, tankless water heater, sewage line, hardscaping, landscaping with sprinkler system, alarm system, gates, facade, restored original hung windows and gleaming refinished floors, and era specific hardware.

    Listed with Jennie Vanacore CalDRE: 01470953 | (626) 354-2265, COMPASS


    Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!


  • Wed, 18 May 2022 11:06:00 +0000: $3,995,000 :: 946 S Madison Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    5 beds, 5 baths
    Home size: 3,998 sq ft
    Lot Size: 11,422 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Single Family
    MLS Number: P1-9590
    Community: Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    In Pasadena, there are specific streets that reflect the unique history and beauty of this city. Madson Avenue, lined with Camphor trees, neighborhood friendly sidewalks, and early 1900s homes is one of them. This particular home, located in the heart of Madison Heights, was designed by one of the great architects of that period - Sylvanus Marston. While this house offers the historic presence of a 1910 Craftsman built home, it reflects the elegance, sophistication and grandness of Marston's unique style. The house breaths with its open areas, allowing its owners to enjoy the California elements, including a cool afternoon breeze. The home has been completely upgraded from top to bottom with all the necessary attributes of a contemporary home, yet designed carefully to honor its past. Additionally, a once large enclosed sleeping porch has been converted into a sophisticated master bedroom and bathroom suite. With its vaulted ceiling and 38 individual windows, offering a spectacular view of the San Gabriel Mountains. Each room throughout the house has been restored and upgraded. Uniquely, the property also features a substantial carriage house. This additional structure has been completely restored, upgraded and renovated with a full one bedroom apartment, including a kitchen, living room, bedroom, bathroom, laundry room and office. Additionally, the property features a large enclosed private yard that has been newly landscaped. Its private Alpine Street entrance allow access to the carriage house andhome. The yard has been designed by local landscape architecture, Nord Eriksson from EPT Design. This stunning property is one of a kind in one of the most beautiful neighborhoods in Pasadena.

    Listed with Henry Suarez CalDRE: 00991211 | (310) 804-5579, Dilbeck Real Estate


    Brought to you by Irina Netchaev, Pasadena Views Real Estate Team Inc. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com/free-home-search/!


  • Wed, 18 May 2022 10:56:00 +0000: $768,888 :: 453 N Altadena Drive #9, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,263 sq ft
    Lot Size: 38,211 sq ft
    Added: 04/29/22, Last Updated: 05/18/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: SB22084805
    Community: Pasadena (NE)
    Status: Conditional


    This is a gorgeous Mediterranean style townhouse with 2 bedrooms & 2.5 baths, built in 2005 in the prestigious Artisan square community. The community boasts a Spanish architectural theme with arches, clay-tiled roofs & wrought iron balconies tucked among three fountain courtyards. End unit with a private gated entrance, which provides the feel of a free-standing townhome. The staircase to the lower level leads to a spacious two-car (SIDE-BY-SIDE) garage with a bonus office area which can be used as a man or a woman cave. The staircase at the entrance to the upper level leads to the open living space filled with natural light and dining areas with high ceilings, and a gas fireplace. The living room has hardwood laminate flooring and plantation shutter windows leading to a Juliet balcony. Noise blocking Milgard energy efficient double pane windows and a spacious balcony with unobstructed breathtaking views of the San Gabriel mountains. Professional grade Viking range and dishwasher along with stainless steel appliances, granite countertop, breakfast bar, and custom cabinets in the kitchen.The Master bedroom with a walk-in closet features custom cherry maple wood shelving & the Second bedroom has a private bathroom.Conveniently located close to restaurants, Eaton Canyon, the San Gabriel hiking trails, the 210 freeway, and Old Town Pasadena.Very well maintained. Pets allowed. No size restrictions! All offers considered. View the property, submit your offer & secure your rates before more rate hikes expected.Buyer to verify the accuracy of the details and the square footage. The photos were taken with the furniture. But the unit is not staged for showings.

    Listed with Krishna Shivaram CalDRE: 02121512 | 310-218-2406, West Shores Realty, 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/!


  • Wed, 18 May 2022 10:44:00 +0000: $1,134,000 :: 776 S Orange Grove Boulevard #6, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 2,203 sq ft
    Lot Size: 44,920 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: BB22089235
    Community: Pasadena (SW)
    Status: Active


    This masterful modern designed townhome is set in the middle of Pasadena's most prestigious and historic Millionaires Row. Each January 1st you will take in the wonders as the Pasadena Rose Parade floats line up on Orange Grove Blvd.This 2 bedroom, 2 1//2 bath tri-level townhouse is situated in the rear end-unit of this small 15 unit, beautifully landscaped, complex.The main floor entrance drops down to your living room featuring a fireplace, high ceilings and access to your private patio area. A few steps up to the formal dining area with a huge sliding door allowing access to a rear patio area and lovely views of the lush garden landscaping. Immediately adjacent sits the kitchen and quaint breakfast nook. Featuring stainless appliances, granite counters and generous cabinet space. Bright and open to the outside areas and water features.Upstairs you will enjoy a family room loft area and the two bedroom suites each with their own bathroom. The master includes generous closet space and a large bathroom with separate spa tub and seamless glass enclosed shower.The first level has direct access to the side-by-side subterranean parking and storage cabinets. Washer and Dryer plus room for a small gym or office. The 1/2 bath is also conveniently located on this level.? Skylights and the large floor to ceiling windows allows the entire unit to be well lit by natural light and receives wonderful morning sun.The community boasts a large pool and a separate spa area. The spa is actually located just a few steps away from your unit.

    Listed with Jeffrey Smith CalDRE: 01824589 | 818-846-2662, House of 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, 18 May 2022 08:44:00 +0000: $1,700,000 :: 248 E Bellevue, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 2,544 sq ft
    Lot Size: 7,667 sq ft
    Added: 05/18/22, Last Updated: 05/18/22
    Property Type: Single Family
    MLS Number: AR22098336
    Community: Pasadena (SW)
    Status: Active


    Opportunity knocks loud and clear. Don't miss to come and see this fabulous 1907 Craftsman fixer on a quaint street. Formal entry leading to a large living room with fireplace. Off of the living room a very nice west facing sunroom. Formal dining room can be accessed by pocket doors from the living room or from the hall. Large den, kitchen, laundry room and a full bath completing the first floor. All 4 large bedrooms 2 baths located upstairs. Hard wood floor under the carpet. The primary bedroom suite has heated jacuzzi, large oval tub.Large backyard proving room for potential ADU (check with city) or a swimming pool, long driveway for additional parking. This home also includes a California basement. This is a Trust sale.

    Listed with Cedrick Jihanian CalDRE: 01968758 | 213-797-7000, Keller Williams DTLA


    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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