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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, 05 Oct 2022 09:45:00 +0000: $1,999,000 :: 1700 Old Grove Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,492 sq ft
    Lot Size: 14,314 sq ft
    Added: 10/05/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: 22203471
    Community: Pasadena (NE)
    Status: Active


    Enjoy the serene location of this modern Spanish Mediterranean home situated in the highly desirable Pasadena Glen neighborhood. A special one-of-a-kind location amidst an abundance of nature and coveted for its world away feel, yet minutes from the Gold Line and Downtown Los Angeles. The celebrity owned house has been extensively remodeled with state of the art materials and appliances. Open kitchen with generous storage is a welcoming space to "hang out. Primary bathroom has steam shower, and free standing tub and lit mirror. Bedroom closets were designed in collaboration with the Container Store. Oversized living room spills out to an office. The property holds beautiful oak trees and an outdoor deck for quiet relaxation. Even the dogs have a special space. This is a beautiful home and magical setting you don't want to miss!

    Listed with Jane Dorian CalDRE: 01320230 | 310-922-6464, Avenue 8, 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, 05 Oct 2022 08:18:00 +0000: $1,749,500 :: 320 S Hill Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,458 sq ft
    Lot Size: 8,460 sq ft
    Added: 10/05/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: P1-11525
    Community: Pasadena (SE)
    Status: Active


    This elegant English Tudor Revival-style home was designed by notable architect George Cavell and is sited in the Rose Villa Oakdale Landmark District of Pasadena near Caltech. The home has wonderful original details including coffered ceilings, leaded glass and hardwood floors. The classic 1925 floor plan includes a living room featuring a fireplace with wooden mantle and brick surround and recessed built-in bookshelves. The cozy wood paneled study is adjacent to the living room and the formal dining room has French doors that open to the covered patio and rear garden. There is a breakfast room with built-in cabinets and a period appropriate kitchen and laundry room. Off the foyer, is a half bath. Upstairs there are three generously sized bedrooms, two baths and an office. There are numerous windows allowing for wonderful light throughout the house. Updates to the home include central heating and air conditioning, foundation bolting, 200 amp electrical service, plumbing and sewer line, driveway with brick trim, as well as, the garden irrigation system. The house is surrounded by lovely gardens with mature landscaping, including a towering Redwood tree. The two car detached garage has a separate workshop located at the rear with a dedicated entrance. This wonderful property is centrally located to all of Pasadena, including South Lake, The Playhouse District and Old Pasadena.

    Listed with Darrell Done CalDRE: 01233781 | (626) 354-3551, 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, 05 Oct 2022 04:34:00 +0000: $1,058,000 :: 509 S Marengo Avenue #1, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,470 sq ft
    Lot Size: 11,226 sq ft
    Added: 10/04/22, Last Updated: 10/05/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-11521
    Community: Pasadena (SW)
    Status: Active


    This tri-level, end unit condo has a relaxed, airy, wine country vibe and an address located in the sought-after Madison Heights Historic District. If this description sounds appealing to you, this 2006 condo is a must see! It's tucked in, off the street and less than a mile away from the Gold Line, all freeways, The Huntington Hospital and both Old Town and the Lake Avenue Shopping District. It's also just a stroll to the Parkway Grill, Arroyo Chop House and Whole Foods. The condo and its location encapsulate, privacy and urban living conveniences.The interior of the condo showcases 20-foot ceilings, tall windows and French doors that lead out to balconies. All of which invite lots of sunlight into the home. The best view overlooks a large and lovely organic, gourmet garden tended to by Parkway Grill. The condo also features new Red Oak wood floors throughout, a fireplace in the living room, An ample kitchen with granite counters, beautiful custom wood cabinets and a Miele stainless steel oven, dishwasher and ventilation hood. The loft area is spacious and an ideal entertainment and lounging spot. The 3rd floor consists of 2 sunlit filled ensuite bedrooms each with their own Juliet balcony and unobstructed views. The condo also features a Nest thermostat, a Ring Video Doorbell and Surround Sound Speakers. Lastly, there is direct access to the attached 2 car garage from the condo. 509 S Marengo consists of only 5 condos and offers a wonderful outdoor entertainment area for your enjoyment. Set up a showing with me today!

    Listed with Dolores Conde CalDRE: 01933102 | (213) 925-9272, 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, 05 Oct 2022 03:38:00 +0000: $1,149,000 :: 1310 Westlyn Place, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,485 sq ft
    Lot Size: 10,398 sq ft
    Added: 10/05/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: CV22200156
    Community: Pasadena (NE)
    Status: Active


    Welcome to 1310 Westlyn Place. A beautiful 3 bedroom, 2 bath home in a great location in Pasadena. Located in a cul-de-sac. This traditional family home features a Living room with fireplace. A dining room with plenty of windows looking to backyard and wood deck. Kitchen has granite counters, wood cabinets, island with stove and eating area, tile floors, and access to backyard. Hallway bathroom services the two bedrooms, and Master bedroom with its bathroom is at end of hallway for more privacy area. Laundry area by the kitchen. Central Air & Heat. A two car garage (and small workshop room) is in back of the house, access thru driveway. A large Recreation room is back of the house, used for some afternoon readings, and family gatherings. (Interior pictures will be available soon).

    Listed with CARLOS PEIRO CalDRE: 01134364 | 626-593-2300, BONITA 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/!


  • Wed, 05 Oct 2022 03:19:00 +0000: $4,250,000 :: 1432 Rutherford Drive, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    5 beds, 5 baths
    Home size: 4,523 sq ft
    Lot Size: 16,867 sq ft
    Added: 10/04/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: SR22215743
    Community: Not Defined
    Status: Active


    Amazing Linda Vista Home with mountain and valley views. This home has been updated with a brand new kitchen, tile floors, appliances, and Venetian paint throughout. Walk into a high ceiling entrance with direct views of the entertainers yard with pool and spa. Great dining room with immense windows looking out to the back yard. The distinctive structure allows for amazing views from all areas of the home as well as keeping the interior beaming with natural light throughout the day. The house boasts over 4,500 sq. ft. of living space with 2 bedrooms downstairs and 3 bedrooms on the second floor. 4 of the bedrooms have ensuite bathrooms. The lot is 16,868 sq. ft. with space all around to use as you please. A Newly built BBQ area and grill to keep guests entertained, a gazebo to keep you in the shade on those beautiful sunny days, a side yard with fruit trees are just a few of the spectacular features of this property. There is a 3 car garage as well as room for many more cars or toys in the driveway. Must see to appreciate all this home has to offer.

    Listed with Moses Akopyan CalDRE: 01967408 | 818-422-2105, Bhome Realty & Finance 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, 05 Oct 2022 01:53:00 +0000: $1,850,000 :: 2064 Canyon Close Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 3 baths
    Home size: 3,256 sq ft
    Lot Size: 9,819 sq ft
    Added: 06/23/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: CV22136810
    Community: Not Defined
    The price of this listing was last reduced on 8/14/2022 by 7%
    Status: Conditional


    *NEW*Updated drought-tolerant landscaping on this beautiful Fox Ridge Estates home! Highly sought after serene neighborhood, nestled against Eaton Canyon, close to nature. Well maintained, this home offers 4 spacious bedrooms, 3 baths, large living room, dining room, a previously remodeled kitchen opens to a large family room with fireplace and eating nook. Sliding doors and plentiful windows showcase the backyard landscape. Interior doorways have extra height. After stepping into the entryway, vaulted, beamed ceilings greet you in the living room with a gorgeous statement fireplace. Fresh paint throughout, including garage. New carpet in the two living spaces. One bedroom has a charming wall of built-in bookcases w/rolling library ladder. Backyard landscape is lush with magnificent pine and mature fruit trees. The large master bedroom opens to the backyard via oversized sliding doors - to a beautiful view of Eaton Canyon! Second story bonus room has endless possibilities - game, movie, play, sewing/crafting, extra guest space, etc. The bonus room opens to a balcony overlooking the beautiful backyard surroundings and canyon view. The two car garage holds laundry hook-ups. Two AC condensers. This home is ready for its new owners!

    Listed with DANIEL SOJKA CalDRE: 01906784 | 626-609-2130, KALEO REAL ESTATE COMPANY


    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, 05 Oct 2022 01:39:00 +0000: $7,999,000 :: 887 La Loma Road, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    4 beds, 7 baths
    Home size: 7,842 sq ft
    Lot Size: 70,393 sq ft
    Added: 09/27/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: P1-11436
    Community: Pasadena (SW)
    Tract: Not Applicable
    Status: Active


    Taking full advantage of the 1.616 acre site, this exceptional Contemporary residence designed in 1995 by architect Barry Berkus has perhaps the best view of the Arroyo, Colorado Street Bridge & Vista Del Arroyo Hotel of any in Pasadena. The property has estate presence w/ a gate & drive; it is not visible from the street. The 3-story residence entered on the 2nd level has 4 bedrooms & 7 baths. The floor plan is a central hall layout opening from a dramatic bridge leading to an impressive double door entry & pavilion. Immediately to the right is a guest powder bath & handsome library w/ fireplace & built ins. A generous bar w/ double sink, granite counters & refrigerator/ice maker is adjacent. The spectacular living room has soaring 20 foot plus ceilings, a large fireplace, 2 window bays & sliding doors to the outdoor terrace. A gracious step-up formal dining area also has views & outdoor terrace access. There are staircases to the upper & lower levels as well as an elevator. There is a bedroom suite on this level. The spectacular kitchen beyond is entered through a commodious dish pantry; a food pantry is adjacent. Bright & open, the kitchen has 2 work islands; both have granite counters as do the main workspaces. There is a 6 burner plus griddle range, a convection oven & several warming drawers. The family room is open to the kitchen w/ fireplace & windows overlooking the Arroyo. There is an outdoor kitchen under a covered terrace. The principal suite is composed of a large bedroom w/ floor to ceiling Arroyo view window bay & skylights, two closets & dressing areas & a primary bath w/ spa tub, generous shower & 2 separate commodes. There are 2 additional bedroom suites on this level. Downstairs there is a wine tasting room w/ adjacent 1/2 bath & a temperature-controlled wine shop size cellar w/ 10,000 bottle capacity. The nearby media room has tiered seating for 12 in luxurious reclining lounge chairs. 2 separate double garages, a motor court, storage rooms & a pump room complete this lower level. A 2 bedroom, 2 bath guest house w/ sitting room & its own terrace is across from the residence. The lush landscaping by landscape architect Walter Young is enhanced by water features that include a pool w/ natural appearing sand bottom, a spa, streams & koi ponds all producing a relaxing background rushing water sound. 887 La Loma Road enjoys a delightfully quiet & private location.

    Listed with Catherine Cheney CalDRE: 01173415 | (626) 233-2938, 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, 05 Oct 2022 00:19:00 +0000: $918,888 :: 2734 Morningside Street, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    3 beds, 1 bath
    Home size: 1,320 sq ft
    Lot Size: 9,736 sq ft
    Added: 09/29/22, Last Updated: 10/05/22
    Property Type: Single Family
    MLS Number: GD22212604
    Community: Pasadena (SE)
    Status: Active


    Welcome to this bright, beautiful home in Southeast Pasadena, sited on a generous 9,735 square foot lot. This property offers endless opportunities on one of the largest lots in the area. Come up the walkway into the welcoming entryway, which opens up to the living room and spacious dining area adjacent to the kitchen. The home features original hardwood flooring in most areas and a fireplace in the living room as you walk in. The sliding doors in the dining area will take you to a beautiful, open backyard with a detached 400 square-foot garage and an extensive backyard. The backyard boasts enough space for any new additions or ADUs. The property is near many shopping centers in the Hastings Ranch area.

    Listed with Arman Davidagayan CalDRE: 02102485 | 818-572-1980, Strategic Estates 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/!


  • Tue, 04 Oct 2022 23:47:00 +0000: $1,080,000 :: 972 S Orange Grove Boulevard #B, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,590 sq ft
    Lot Size: 103,900 sq ft
    Added: 10/04/22, Last Updated: 10/04/22
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: AR22215628
    Community: Pasadena (SW)
    Status: Active


    New Year’s Eve with a view while you host family and friends for a sneak peek at the Rose Parade Floats! Stunning South Orange Grove condo in the heart of Millionaire’s Row. Location, layout, design, and tasteful upgrades accentuate the charm of this light and bright luxury condominium in one of the most sought-after complex on South Orange Grove. This condominium stands apart from all the rest with an impressive 40-foot enclosed sunroom facing the lush Boulevard and tree top views from every room. The spacious 2-bedroom, 2 full bath unit has had impeccable upgrades to accentuate the Mid-Century architecture and provide all the modern conveniences including washer and dryer, central heat and air, dual pane windows and a built-in sound system. The carport offers private EV charging in one of the two side by side spaces as well ample additional storage. The private back entrance provides easy car to unit access.Both large bedrooms are complete with walk-in closets. The private den (could be 3rd bedroom) has a cozy brick fireplace and custom paneling. Beautiful cork flooring throughout enhances the open living space, chic fireplace, and custom bar. The kitchen was crafted with solid wood, imported marble countertops and luxury accessories and premium appliances. The en suite primary bath features a large 2 person Jacuzzi bathtub and beautifully designed glass and pebble spa shower. Indulge in your private oasis surrounded by European Silver Travertine Marble. The full guest bath boasts floor to ceiling marble encasing a full tub. The Grosvenor Square complex has a beautiful large pool, BBQ kitchen and outdoor dining. Situated on 3.5 acres, the complex was constructed with 28 unique units comprised of individual 4plex structures maximizing privacy in a lush garden setting. Enjoy and share the unforgettable experience of New Year’s Eve as the floats for the annual Tournament of Roses parade line up below your private sunroom. Stroll outside for a closer view under the lights while enjoying the scent of Magnolia and Orange blossoms in this exclusive neighborhood.

    Listed with Brian Gordon CalDRE: 01302670 | 626-582-8001, Lotus Property Services, 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, 04 Oct 2022 23:46:00 +0000: $795,000 :: 1726 El Sereno Avenue, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,100 sq ft
    Lot Size: 10,995 sq ft
    Added: 10/04/22, Last Updated: 10/04/22
    Property Type: Single Family
    MLS Number: SR22211291
    Community: Pasadena (NW)
    Status: Active


    Rare Pasadena opportunity! Huge rectangular 10,994 square foot lot on a beautiful interior street! Looking for all cash buyers or a buyer with a loan that can accept the condition of the house. Developers dream!!! Endless possibilities!! The 1,100 square foot house is a fixer. There is also a workshop and garage. The long concrete driveway leads all the way to the back yard. Take a look around this beautiful neighborhood and see all of the homes that have been improved or redeveloped.

    Listed with Daniel Ross CalDRE: 00935073 | 818-678-0247, Pinnacle Estate 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/!


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