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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:

  • Sun, 16 May 2021 23:19:00 +0000: $1,940,000 :: 597 N Mar Vista Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,750 sq ft
    Lot Size: 8,712 sq ft
    Added: 12/07/20, Last Updated: 05/16/21
    Property Type: Single Family
    MLS Number: AR20246895
    Community: 645 - Pasadena (NW)
    The price of this listing was last reduced on 5/16/2021 by 1%
    Status: Active


    Address is 597-599 Mar Visa Ave., Pasadena. There is a front unit (2 bed/1 bath - 1,264 sf) and a back unit (1 bed/1 bath - 486 sf), totaling 1,750 sf. This property is a developer's dream. Minutes (1-2 miles) from Old Town Pasadena, PCC, and Caltech. This RM32 property has a preliminary approved plan for 6 units of approximately 1350-1600 square feet by tearing down both current units, or the option of tearing down the back unit and building 2 additional units of approximately 1500 square feet each. Plan department approved a 6 unit plan, totaling 8600 square feet of condo, which met the requirement of City of Gardens regulations. Owner will provide floor plan, gardening plan, as well as civil plans. Plans and inspection available upon accepted offer. Buyer to verify all information. Buyer to do due diligence and check with city regarding development and use. Property is sold AS IS. Buyer to take responsibility of any and all items that may result from a City of Pasadena inspection.

    Listed with Tracy Ding CalDRE: 01785480, Tracy Ding, BROKER


    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/!


  • Sun, 16 May 2021 23:19:00 +0000: $1,490,000 :: 701 W Holly Street, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,416 sq ft
    Lot Size: 10,455 sq ft
    Added: 05/05/21, Last Updated: 05/16/21
    Property Type: Single Family
    MLS Number: WS21096340
    Community: 645 - Pasadena (NW)
    Status: Active


    A Beautiful home in the prestigious neighborhood of Pasadena. The original details include: a Batchelder tile Fireplace in the living room, arched doorways, a gracious dining room, breakfast nook and pantry, a library sitting area, and French doors that lead to a spacious patio for dining al fresco. There are 3 bedrooms , 2 baths on the third level and a den/office and powder room located off the entry on the first floor. Easy access to shops, local parks, the Rose Bowl Aquatics Center and the Norton Simon Museum. Schedule your private viewing of this magnificent home today!

    Listed with TIANYI SUN CalDRE: 02066619, Your Home Sold Guaranteed Rlty


    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/!


  • Sun, 16 May 2021 23:19:00 +0000: $1,099,950 :: 1034 La Presa Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    2 beds, 1 bath
    Home size: 1,186 sq ft
    Lot Size: 8,712 sq ft
    Added: 05/16/21, Last Updated: 05/16/21
    Property Type: Single Family
    MLS Number: AR21045096
    Community: 646 - Pasadena (NE)
    Status: Active


    Excellent opportunity to purchase a great home on a big lot with San Marino Schools! Property is a two bed and one bath home with a den. Located on a quiet and tree-lined street. The backyard is spacious with a giant pool and has room if a buyer should decide that they want to expand the home - buyer to confirm with the city. The new buyer will love the simple floor plan, neighbors, and beautiful street. Home is conveniently located nearby San Marino High, Trader Joes, and easy access to the 210 freeway.

    Listed with Douglas Lee CalDRE: 01463907, 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/!


  • Sun, 16 May 2021 23:19:00 +0000: $828,000 :: 385 S Marengo Avenue #106, Pasadena CA, 91101 - Pasadena Home Search
    2 beds, 2 baths
    Home size: 1,145 sq ft
    Lot Size: 38,769 sq ft
    Added: 05/16/21, Last Updated: 05/16/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: PW21098676
    Community: 647 - Pasadena (SW)
    Status: Active


    Award Winning Evanston Court is a newer complex which was completed in 2017 with all the modern amenities of today. This elegant community embraces so much of what residents know and love about the much desired 'Pasadena Lifestyle'. This lovely Condo has 2 bedrooms and 2 baths in 1,145 sq.ft. The spacious open concept living room and dining room leads to a charming front porch, kitchen with breakfast bar including modern cabinets, quartz countertops, farm style sink and stainless steel appliances along with wood floors. The spacious master bedroom has a sizable walk-in closet and outdoor patio. The master bathroom has double vanity, bath tub, and shower enclosure. The hallway bathroom and laundry closet (washer & dryer included) are off the hallway. This unit has access to the secured subterranean gated garage with 2 Side by side assigned parking spaces (30 & 31), is just steps away a spacious private personal storage room, and has elevator access to the main level. Guest parking is available on a private side street. The features of this unique unit are: recessed lights, two outdoor patios, hardwood floors, HVAC, tank-less water heater. The Evanston Court community has 24 homes, and offers exclusive outdoor space with a BBQ area, many sitting areas and lovely common gardens. It is near the 110/210/710 freeways, the Metro Gold Line del Mar Station servicing Downtown Los Angeles and beyond, Old Town Pasadena, Rose Bowl, Trader Joe's, Caltech, Whole Foods, minutes away from fine dining, shopping, recreation and so much more!

    Listed with Mike Hsu CalDRE: 01154064, BHHS CA 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/!


  • Sat, 15 May 2021 19:31:00 +0000: $1,449,000 :: 895 N Los Robles Avenue, Pasadena CA, 91104 - Pasadena Home Search
    Property Photo



    6 beds, 5 baths
    Home size: 3,438 sq ft
    Lot Size: 7,841 sq ft
    Added: 04/12/21, Last Updated: 05/15/21
    Property Type: Single Family
    MLS Number: OC21076617
    Community: 646 - Pasadena (NE)
    The price of this listing was last reduced on 5/15/2021 by 3%
    Status: Active


    Spanning over 3400 sq. ft. with sprawling entertaining spaces flow inside these 6 bed-5 baths and 1 spacious office Room 2 story home. 1 Bedroom downstairs has its own separate entrance, bathroom and living room. A perfect room for your guest. The master bedroom is upstairs and secondary large en suite bedroom downstairs, with walk-in closet and its own full bathroom, ensures the masters will have a tranquil private space where you can enjoy staying at home. Master Bathroom is meticulously finished, pamper yourself and relax with jacuzzi tub. Well secured property with automatic iron gate entrance. This home is ideally positioned to enjoy the warm summers, truly resort style living in the great town of Pasadena. This charming craftsman style home sits on the foothills of the San Gabriel Mountain Range, in Pasadena's Washington Square Historical District. The kitchen has been updated with an eye to providing the gourmet chef a platform for creating culinary masterpieces. A plus, the garage space can be converted into an accessory dwelling unit. This home sweet home welcome big family with luxury and comfort. Feel the warm finished of this home and enjoy Pasadena homes at its best. Stunning location conveniently located near the freeway and shopping areas. Plenty of parking spaces and the proximity to the old town is incredible. Living is easy in this impressive, generously spacious residence with great views and access. Seller is Lic RE Broker possible Lease option.

    Listed with Lani Gall CalDRE: 01345583, LG Realty & 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/!


  • Sat, 15 May 2021 16:36:00 +0000: $4,600,000 :: 1777 La Cresta Drive, Pasadena CA, 91103 - Pasadena Home Search
    Property Photo



    5 beds, 6 baths
    Home size: 3,693 sq ft
    Lot Size: 65,340 sq ft
    Added: 05/15/21, Last Updated: 05/15/21
    Property Type: Single Family
    MLS Number: AR21104448
    Community: 645 - Pasadena (NW)
    Status: Active


    Bookside Golf Course lie beyond the mature landscape of this magnificent view property. Imaging a Hawaiian estate in a perfect Southern California living style. The home is sited towards the view of every main room. Living room with fireplace and floor to ceiling windows makes you fully enjoy this peaceful and elegance of Hawaiian like backyard setting. The stunning master suite also features a summer room and two beautiful baths. The capacious kitchen would satisfy any chef. The gourmet kitchen includes a chef's center island, stainless appliances and a a large separate dining area and family with fireplace is right beside. Once you enter from the gate beautiful orchard lined driveway leads to a 3 cars garage and the property. Truly an entertainer's delight, and unique and magical setting. Perfect for those who desire the privacy yet convenient to Old Town Pasadena where the nigh life is.

    Listed with Jason Zen CalDRE: 00902854, Elite Realty 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/!


  • Sat, 15 May 2021 12:19:00 +0000: $2,250,000 :: 1985 Kinclair Drive, Pasadena CA, 91107 - Pasadena Home Search
    Property Photo



    4 beds, 5 baths
    Home size: 3,344 sq ft
    Lot Size: 0 sq ft
    Added: 05/11/21, Last Updated: 05/15/21
    Property Type: Single Family
    MLS Number: P1-4681
    Community: 646 - Pasadena (NE)
    Tract: Not Applicable
    Status: Active


    A private and secluded Mid-Century Modern home has been remodeled, modernized and designed with stylish details to accommodate today's lifestyle, located in the gated Kinneloa Canyon Estates area of Pasadena.This spacious single level home features an outstanding kitchen/ great room with center island with breakfast bar, Thermador stainless steel appliances, polished concrete accent wall with fireplace & custom bar. The family room opens with walls of glass onto a large deck with a fire pit and built in BBQ overlooking the private rear yard. Additional features include a home office, den, angled white oak floors, custom double door entry with slate flooring, as well as 4 spacious bedroom suites including a private master with spa-like bathroom and sliding glass doors that lead you to your backyard retreat. An open floor plan with new windows and doors offers an abundance of natural light throughout. The professionally landscaped yard with circular driveway, front courtyard entrance and rear custom Trek deck attribute to an entertaining or relaxing outside living space. Custom lighting along with six sets of sliding glass doors seamlessly blend indoor/outdoor boundaries giving way to the California lifestyle. All of this is neighboring the beautiful Eaton Canyon hiking trails. Don't miss this opportunity to own a special home in a wonderful area of Pasadena!

    Listed with Don Hillier CalDRE: 00982713, Berkshire Hathaway HomeServices California 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/!


  • Sat, 15 May 2021 08:20:00 +0000: $725,000 :: 601 E California Boulevard #103, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    2 beds, 2 baths
    Home size: 1,310 sq ft
    Lot Size: 47,917 sq ft
    Added: 05/15/21, Last Updated: 05/15/21
    Property Type: Condo/Townhouse/Co-Op
    MLS Number: CV21102733
    Community: 648 - Pasadena (SE)
    Status: Active


    GROUND FLOOR REMODELED CONDO IN MADISON HEIGHTS. Entry door opens to a cozy tiled entryway which leads to an open floor plan living area. The family room features crown molding, recessed lighting, a fireplace with custom wood mantel & surround, sliding glass door with plantation shutters that opens to a spanning patio, and an adjacent formal dining area with recessed art lighting and a mirrored accent wall. The kitchen features custom cabinetry, granite countertops, countertop seating, tiled backsplash, stainless steel appliances, and recessed lighting. A spacious master bedroom offers two separate closets with mirrored glass doors, a window with plantation shutter, crown molding, carpeted floors, and a master bathroom. The master bathroom has custom cabinetry, marble countertops, vanity counter, oversized tub with marble tile surround, rain shower head, recessed shower curtain, and storage niche. A second bedroom offers a built-in desk area, window with plantation shutter, crown molding, and carpeted floors. The remodeled hall bathroom has a shower/tub with tiled walls, a frameless glass door, and a custom vanity. Stackable laundry is conveniently located in the hallway closet. The beautiful grounds offer a parklike setting with mature trees, a fountain, peaceful walkways, and more. HOA offers a gym/rec room, elevator, and gated front entry access into the complex.

    Listed with NICHOLAS ABBADESSA CalDRE: 01398872, RE/MAX MASTERS 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, 15 May 2021 05:33:00 +0000: $985,000 :: 188 S Meridith Avenue, Pasadena CA, 91106 - Pasadena Home Search
    Property Photo



    3 beds, 2 baths
    Home size: 1,433 sq ft
    Lot Size: 8,277 sq ft
    Added: 02/08/21, Last Updated: 05/15/21
    Property Type: Single Family
    MLS Number: DW21026503
    Community: 699 - Not Defined
    Status: Active


    Value in land great location and lot size centrally located great future potential plans are summitted to planning department for 3 new condominiums not approved yet please see listing supplements,

    Listed with Maria Fernandez CalDRE: 01201245, Sunrise 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, 15 May 2021 05:33:00 +0000: $1,398,000 :: 1250 Canedo Place, Pasadena CA, 91105 - Pasadena Home Search
    Property Photo



    3 beds, 3 baths
    Home size: 2,213 sq ft
    Lot Size: 20,038 sq ft
    Added: 05/11/21, Last Updated: 05/15/21
    Property Type: Single Family
    MLS Number: AR21101394
    Community: 645 - Pasadena (NW)
    Status: Active


    This beautiful home is nestled high up in the prestigious San Rafael Hills, surrounded by picturesque hillsides lined with mature trees. Enjoy a pleasant scenic drive up with wildflowers, trees, and city views. Located in the cul-de-sac where you can have extra parking for your guests. Home offers comfortable, family-friendly living, seclusion & security. As you enter through the main gate, you are lead through a garden filled with fruit trees & flowers. A lovely light-filled living room with a marble fireplace greets you as you enter with walls of glass windows that provide an incredible view of the natural landscape that surrounds the property. The covered patio, with vaulted ceilings and exposed beams, is perfect for year-round entertainment with a view. The updated kitchen includes granite countertops, a 6-burner stove, plenty of cabinets, and storage space. The master suite offers an updated bathroom with a hot tub& separate shower. The formal dining room offers another escape to the backyard through a large sliding door. The large backyard includes a terraced vegetable garden and a variety of fruit trees. The lower level has a third bedroom, a full bath, and a spacious playroom that could be used as a creative space or 4th bedroom. Lots of room to expand and truly offers the best of both worlds, the convenience of city life with a nature-filled backdrop. Old Town Pasadena and its shopping and entertainment center, as well as the world-famous universities like Cal Tech and the Pasadena Art Center, and icons such as the Annandale Golf Club, Norton Simon Museum, and the Rose Bowl are all just a few minutes away. The city of Pasadena is known for hosting the annual Rose Bowl Parade and Football games. The solar system installed 2015 and paid off. All buyers recommend do their own inspections and investigations regarding the permits, sq.ftg of the property.More pictures are coming soon.

    Listed with Young Ahn CalDRE: 01098098, Century 21 Ludecke 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/!


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