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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, 08 Feb 2023 14:16:00 +0000: $1,350,000 :: 1070 S Orange Grove Boulevard, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,065 sq ft
    Lot Size: 20,408 sq ft
    Added: 02/08/23, Last Updated: 02/08/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: DW23021740
    Community: Pasadena (SW)
    Status: Active


    This sophisticated condo located at 1070 S Orange Grove Blvd is the epitome of luxury living. As part of a small and exclusive complex of only 6 residences, this rare gem of a home offers a harmonious blend of privacy and community.With 3 spacious bedrooms and 3 full bathrooms, this home is ideal for families or individuals seeking ample living space. The living room is designed to impress with its high ceilings, large windows, and plantation shutters that allow an abundance of natural light to flood in, creating a warm and inviting atmosphere. The very large and private wraparound patio provides an unrivaled ~800sf of outdoor space that is perfect for relaxation or entertaining guests.The kitchen is fully equipped with stainless steel appliances and ample counter space, making cooking and entertaining a breeze. The bedrooms feature high ceilings, ample closet space, and en-suite bathrooms that provide a tranquil retreat.The added convenience of single-level living, incredible storage, in-unit laundry with trash chute, and access to the various patios, garages, and elevator make this property truly one-of-a-kind. This condo also includes a ~200-square-foot storage space in the garage and 2 side-by-side parking spaces in the underground garage. The unit also boasts a shared circular drive in front, giving it the feel of a standalone or end unit.With easy freeway access, shopping, dining, entertainment, and healthcare services just minutes away, this condo is the perfect combination of city living and suburban comfort. Don't miss this opportunity to make this elegant condo your next home.

    Listed with Fleming Trainor CalDRE: 01810650 | 626-396-3933, 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/!


  • Wed, 08 Feb 2023 14:02:00 +0000: $1,425,000 :: 1144 Tierra Alta Drive, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,724 sq ft
    Lot Size: 9,623 sq ft
    Added: 02/08/23, Last Updated: 02/08/23
    Property Type: Single Family
    MLS Number: P1-12596
    Community: Pasadena (NE)
    Status: Active


    Built in 1929, this gorgeous English Revival charmer is located in one of Pasadena's most sought after neighborhoods known for its mature trees, sidewalks, old fashioned street lamps, stunning mountain views, and close proximity to all the area has to offer. Meticulous care and an abundance of improvements have been made to this home over the years, creating a warm and comfortable residence that offers a multitude of fabulous spaces for enjoyable everyday living. Set perfectly on a large 9,600+ square foot corner lot, the exterior features an expansive grassy front yard, a private enclosed front brick patio, and a show-stopping back garden that most will consider a paradise. The bright & airy floor plan is well-designed for easy living and highlights a formal living room w/ barrel ceiling, a wood burning fireplace & mantel, gleaming hardwood floors, updated dual glazed windows, a built-in bar, and coat closet. Through an archway, the formal dining room has a wall of floor-to-ceiling French doors & windows that open directly onto the patio which creates a fabulous flow for entertaining. If you love to cook, there is also a sunny chef's kitchen with abundant counter space, a 6-burner freestanding Thermador gas stove, a combination Thermador microwave & oven, a 48' side-by-side Monogram refrigerator, a Bosch dishwasher, two sinks, and two beautiful windows.There are 3 well-proportioned bedrooms, including a primary bedroom with an attached and remodeled 3/4 bath, and another which offers direct access to a deck and the yard beyond. The enclosed private rear garden is anchored by a stunning Oak tree and offers two entertaining areas, an above ground spa, a finished detached garage, a paving stone driveway, and an electric gate.Additional features include; a remodeled full bath, laundry area w/ storage, retrofitted foundation, garage 220V, extensive LED landscape lighting, smart Wi-Fi irrigation system, tankless water heater, forced heat & AC, and a whole house fan. Located close to the Metro Gold Line, East Washington Village, Hastings Ranch shopping, Victory Park Saturday Farmers' Market, Alice's Dog Park, and a multitude of restaurants, coffee houses, ethnic groceries, and terrific private and public schools. Don't miss this home and make it 'Where Your Home Happens.'

    Listed with Cynthia Cohn CalDRE: 01329698 | (626) 714-6808, Cynthia Cohn & Associates, 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, 08 Feb 2023 13:31:00 +0000: $1,589,000 :: 848 N Allen Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    5 beds, 3 baths
    Home size: 2,689 sq ft
    Lot Size: 8,638 sq ft
    Added: 02/08/23, Last Updated: 02/08/23
    Property Type: Single Family
    MLS Number: P1-12595
    Community: Pasadena (NE)
    Status: Active


    Welcome home to this idyllic property which exudes character and charm! Recent upgrades include a brand new roof, interior paint and refinishing of the kitchen cabinets, a primary bathroom remodel, and many more details! A stone path leads to the front porch and into the beautiful living room with vaulted ceilings and a grand but cozy fireplace. Streams of natural light pour in through the windows, flowing through a formal dining room into a beautiful kitchen and separate breakfast nook. Three bedrooms are featured downstairs, in addition to a remodeled bathroom with dual sinks and a great tub for soaking. A separate laundry room and remodeled bathroom are located downstairs for easy access. Upstairs includes a landing separating two bedrooms, one of which is a primary suite with an attached remodeled bathroom. The other bedroom would make a great nursery, office, or gym! The magical backyard includes a raised and enclosed planter bed perfect for growing all your favorite veggies and herbs. The oversized two-car garage has plenty of storage and a potting shed or storage room off the back. Highly recommend exploring the ADU possibilities! Located in a fantastic location, this property features easy access to desirable spots for shopping and adventure, like the Huntington Library and Old Pasadena! Minutes to the Rose Bowl, Kidspace Children's Museum, and around 14 miles to downtown Los Angeles, you cannot beat this central location!

    Listed with Megan Ferrell CalDRE: 01705291 | (626) 205-4040, 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, 08 Feb 2023 11:20:00 +0000: $819,999 :: 883 Magnolia Avenue #3, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 3 baths
    Home size: 1,041 sq ft
    Lot Size: 31,821 sq ft
    Added: 12/02/22, Last Updated: 02/08/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: TR22249013
    Community: Pasadena (SW)
    The price of this listing was last reduced on 2/6/2023 by 9%
    Status: Active


    A Turn-key home! Located centrally in the highly desirable Madison Heights neighborhood of Pasadena, this 2-story front facing townhouse looks to a beautifully tree-lined street. All carpet flooring living room is with gas fireplace and opens to an enclosed patio behind privacy trees. The neat kitchen is with Air range/oven and hood, fridge, dishwasher, granite counters and cabinet to counter backsplash. The kitchen island bar separates the dining area. Upstairs are two primary bedrooms with cathedral ceilings and baths. This home has attached two car garage with direct access and is spacous to accomdate Washer & Dryer in it. The Association amenities include a pool, spa, and community club. The dues cover general maintenance including earthquake insurance, water and trash. It is situated very close to the Metro Gold Line, Old Town Pasadena, shopping and restaurants: Whole Foods, Shake Shack, Arroyo Chop Housel, etc. This home also is close to the Freeways easily access to LA downtown and San Gabrial Valley area. Must look for this valuable home!

    Listed with Luwei Wang CalDRE: 01973700 | 626-447-5100, IRN Realty


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


  • Wed, 08 Feb 2023 11:18:00 +0000: $4,180,000 :: 345 E Colorado Boulevard #304, Pasadena CA, 91101 - Pasadena Home Search
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    3 beds, 5 baths
    Home size: 4,135 sq ft
    Lot Size: 0 sq ft
    Added: 02/08/23, Last Updated: 02/08/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: P1-12594
    Community: Pasadena (SE)
    Tract: Not Applicable
    Status: Active


    Prestige. Luxury. Security. Location. The Montana, unequivocally Pasadena's most exclusive boutique condominium building, is sited in the heart of the City on famed Colorado Boulevard, renowned for its iconic architecture, shopping, dining, a thriving cultural scene and the annual Rose Parade. Offering the very finest lifestyle and exemplary construction, The Montana boasts an exclusive Library lounge to welcome guests, a Gym with state-of-the-art equipment and a continuous-surge pool, and an around-the-clock Front Desk for security and service. Superbly finished to perfection, Unit 304 is a single-level, one-owner residence that was renovated with no expense spared, and will certainly impress and wow the most discerning buyer. One of only 28 condominiums, this elegant home features over 4135sf of living space, 10' high ceilings, hardwood floors, inlaid marble, custom cabinetry and designer finishes throughout. A grand front door welcomes guests into an elegant entry foyer, accented by an alabaster chandelier, custom mosaic marble floors and Calacutta baseboards. A dramatic powder room, with a custom marble vanity, flanks the entry hall. The stunning light-filled living and dining rooms await you, warmed by a handsome marble fireplace and tall windows that capture vibrant street views. The gourmet kitchen will impress any cook, with its gorgeous Quartzite counter tops, custom cabinets, top-of-the-line appliances, and a lovely breakfast area for morning coffee. Across the hall, luxuriate in the sophisticated den with Ribbon Sapalle mahogany walls, inlaid ceiling detail and a custom entertainment center. An adjacent office features a built-in desk area and book shelves, framed by rich mahogany walls. Three spacious south-facing en-suite bedrooms, with custom closets and lavish bathrooms, complete this home. The spectacular primary suite, cloaked in raw silk wall coverings, showcases two luxurious bathrooms, with Sherle Wagner onyx & nickel fixtures in one and tiger's eye & gold in the other, and custom marble work. A convenient laundry room, with sink and ironing board, houses a rear staff entrance. Accompanied by four parking spaces in a secured parking garage and a 70sf storage room, this magnificent showcase residence, designed with enduring elegance and timeless luxury, is truly an exceptional work of art to be cherished forever.

    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, 08 Feb 2023 10:58:00 +0000: $1,325,000 :: 1190 N Michigan Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,524 sq ft
    Lot Size: 7,745 sq ft
    Added: 01/13/23, Last Updated: 02/08/23
    Property Type: Single Family
    MLS Number: P1-12367
    Community: Pasadena (NE)
    Status: Conditional


    Bursting with character and charm, this tastefully restored gem in Bungalow Heaven is a must-see! Built in 1914, this delightful residence takes inspiration from Craftsman-style design across its single-level layout. A picturesque covered porch invites you inside a freshly painted interior displaying immaculate finishes at nearly every turn. From the gorgeous crown molding, picture railing, and striking built-ins to the drawer and casement windows, there's so much to love. Brick details on the facade are echoed on the living room decorative fireplace's stately surround. Gleaming oak hardwood flooring continues to the chandelier-lit dining room with floor-to-ceiling cupboards and French doors that allow an excellent indoor-outdoor flow. Impeccably updated for the home chef, the kitchen treats you to newer countertops and flooring, plus a fully restored O'Keefe and Merritt stove. There's also a breakfast nook to complete this sunlit culinary space.Rich maple hardwood flooring adorns the bedrooms, all accommodated by exquisitely renovated baths. Surpassing all, the primary suite's adjoined by an elegant ensuite with a clawfoot soaking tub. Surrounded by lush landscaping, the fenced backyard has multiple seating areas for your alfresco celebrations. Other noteworthy features include solar panels and a detached 2-car garage with an approximately 9'x21' bonus room with a 3/4 bath. Plus the electrical and copper plumbing have been updated. Your dream lifestyle awaits, so come for a tour while you still can!

    Listed with Teresa Piasky CalDRE: 01447565 | (626) 353-6654, 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, 08 Feb 2023 10:46:00 +0000: $799,000 :: 626 E Walnut Street, Pasadena CA, 91101 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 1,748 sq ft
    Lot Size: 38,965 sq ft
    Added: 01/16/23, Last Updated: 02/08/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: GD23007918
    Community: Pasadena (SE)
    Status: Active


    This gorgeous 3 bedroom/3 bath Spanish mission style town home is located near Old Town, Vroman’s Bookstore, Urth Caffè, Paseo Mall, Historic Playhouse District, South Lake Avenue shops and restaurants, with easy access to the 210/134/110 freeways, the Metro Gold Line, CalTech, Pasadena City College, the Rose Bowl, the Art Center, and more! This home has a walk score of 92. Built in 2000, this light and bright town home offers shutters, custom window treatments, recessed lights, stainless steel appliances, Bosch dishwasher, and a primary suite featuring walk-in closet, primary bath with separate tub and shower, as well as a double sink vanity. There is a covered patio just off the kitchen and dining area where you can enjoy a cup of coffee and a sunrise or finish the day with a glass of wine and a sunset. The 2-car tandem garage, with built in storage cabinets, has direct access to the home. Appliances included in the sale: refrigerator, stove, dishwasher, microwave, washer, and dryer. The Heritage Walk complex has won several Best in America Living awards by Professional Builder Magazine & National Association of Home Builders. Low HOA $250 per month. Note: there is a 2nd set of stairs off the shared patio that lead to the secured courtyard below at the street level (this secured area is where your deliveries and packages are left).

    Listed with Liz Avila CalDRE: 01308383 | 818-432-3200, Keller Williams R. E. Services


    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, 08 Feb 2023 10:39:00 +0000: $2,880,000 :: 853 Chapea Road, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    6 beds, 6 baths
    Home size: 6,514 sq ft
    Lot Size: 50,173 sq ft
    Added: 11/17/22, Last Updated: 02/08/23
    Property Type: Single Family
    MLS Number: P1-12019
    The price of this listing was last reduced on 2/8/2023 by 4%
    Status: Active


    This is a once in a lifetime opportunity to build your dream home in Chapman Woods while living right next door! Located in a small, gated community on a private road, this 50,174 SF lot (well over an acre!) has two homes; the 5,014 SF, main home and the 1,500 SF guest house. The main home has been taken down to the studs and is ready to be restored to the entertainer's paradise it once was. Upon entering the large foyer, you can't help but admire the amazing layout with the main floor housing the family room, kitchen, dining room, formal living room, a bedroom with an ensuite, and a large balcony that overlooks the enormous backyard. The lower level has the remaining 4 bedrooms, including the primary suite with a huge ensuite bath and his and hers closets, plus a game room with access to the back patio and pool area. The 50,000 gallon, 18 feet deep pool is ready to be refilled and act as the centerpiece for some amazing parties. The main home features large closets providing ample storage space plus a 3 car garage offering additional storage. Take the steps up to the guest house, just far enough away to give privacy, and you'll find a charming space with vaulted ceilings and a second floor loft. The large living room flows into the dining area and kitchen, with all the necessary appliances including an all in one washer/dryer. The bedroom is large and has an ensuite bath with a separate shower, stand alone tub and closed off toilet area. The possibilities for this property are endless, so bring your contractor and come see this lovely opportunity in Chapman Woods!

    Listed with David Knight CalDRE: 01829234 | (626) 657-0359, 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/!


  • Wed, 08 Feb 2023 09:42:00 +0000: $725,000 :: 1097 Blanche Street #304, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,181 sq ft
    Lot Size: 38,464 sq ft
    Added: 01/19/23, Last Updated: 02/08/23
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: 23232709
    Community: Pasadena (SE)
    Status: Conditional


    Rarely available, two bedroom, two bath, top floor unit in Pasadena's popular Surfwood Point complex. The living room has high vaulted ceilings and an abundance of natural light from the skylight and oversized sliding door that leads to a large balcony. A built in bookcase and gas fireplace exude warmth and charm. The updated open kitchen features custom cabinetry, granite countertops, recessed lighting, stainless steel appliances, and pantry. The primary bedroom features large sliding doors that open to a private balcony with views of lush greenery. The primary bathroom features a black & white tiled shower with skylight, glass shower enclosure, and wood vanity. Upstair a spiral stair case is the light-filled bedroom or home office with an adjacent updated bathroom with shower. A spacious private rooftop deck with views of the San Gabriel Mountains is not to be missed. Other features include in unit laundry, two side by side parking spaces and an abundance of closet space. This well-maintained complex also includes a pool, spa and earthquake insurance. Walking distance to Cal Tech, restaurants and coffee shops on Lake Avenue, and minutes away from Pasadena City College, this highly desirable penthouse unit won't last.

    Listed with Julie Goldman CalDRE: 02062415 | 310-717-4620, 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/!


  • Wed, 08 Feb 2023 03:23:00 +0000: $900,000 :: 265 W Montana Street, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 1,032 sq ft
    Lot Size: 7,759 sq ft
    Added: 02/08/23, Last Updated: 02/08/23
    Property Type: Single Family
    MLS Number: WS23021684
    Community: Pasadena (NW)
    Status: Active


    This beautifully renovated home boasts a perfect blend of modern design and classic charm. The two bedroom, one bathroom house is a must-see for anyone looking for a turnkey property in a highly desirable area. As you enter the home, you are greeted by a spacious and bright living room with large windows that let in an abundance of natural light. The kitchen has been completely updated with modern appliances, white cabinetry, quartz countertops, and backsplash. The two bedrooms are located at the other side of the house, providing a quiet and peaceful area from the kitchen and living room area. Both rooms are decent-sizes and offer ample space for closet and storage. The bathroom has also been fully renovated, featuring new fixtures, a sleek vanity, and a shower/tub combination. One of the highlights of this property is the large backyard! It is the perfect place to relax and unwind, surrounded by a carefully manicured landscape and a covered patio as the centerpiece. The space is ideal for outdoor dining, gardening, or simply enjoying a cup of coffee in the morning sun. The large backyard even offers the potential to expand in the future! Additional features of this home include central heating and air conditioning, a laundry area, and an attached one-car garage. This home is centrally located to shopping, dining, and entertainment options. Whether you are a first-time home buyer, looking to downsize, or seeking a turnkey investment property, this home is sure to impress. Don’t miss your chance to make it your own!

    Listed with YIN ZHEN LI CalDRE: 01992880 | 626-375-0340, KW Executive


    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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