Pasadena real estate numbers are out for the month of August. I’ve put together a visual graphic for my clients to provide a quick overview of the real estate market conditions:
Here are some of my observations:
1. This summer has truly been an incredible recovery for many property owners that have taken the plunge and put their home on the market in Pasadena.
2. Multiple offers continued through the summer and are still seen on a daily basis.
3. Inventory is still very low. Banks are holding on to their “shadow inventory” and not releasing many foreclosures.
4. Home buyers have increased their purchase power with the historically low interest rates and many are able to lock in these interest rates long term – 10, 15 and 30 years.
5. Many Pasadena home sellers are beautifully presenting their property by having it professionally staged and many are providing inspection reports to potential buyers.
6. Acceleration Clauses are being strategically used by home buyers and their agents.
Quick statistics:
- 89 homes sold in August and 91 homes were listed.
- Average price of single family home sold in North West Pasadena was $630,000 last month vs. $513,000 same period last year – a 22.8% increase.
- Average price of single family home sold in South West Pasadena was $902,000 last month vs. $1,018,000 same period last year – an 11.4% decrease.
- Average price of single family home sold in North East Pasadena was $569,000 last month vs. $469,000 same period last year – a 22.3% increase.
- Average price of single family home sold in South East Pasadena was $885,000 last mont vs. $1,286,000 same period last year – a 31.2% decrease.
Homes in the lower price range are moving much quicker than higher priced homes. We are definitely seeing a lot more first time home buyers which again speaks to the lower interest rates making it more possible for folks to afford a home and in many cases more financially advantageous than renting.
Interested in more information about Pasadena and surrounding cities, check out our City Guides below:
And, if you are interested in fun activities to do in Pasadena, take a look at our 365 Things To Do in Pasadena® page.
Thinking of selling your San Marino or Pasadena home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Pasadena Real Estate Market.
See all Pasadena Homes that Recently SOLD:
There’s no better way to learn the market. 🙂
- Fri, 22 Nov 2024 16:51:00 +0000: $650,000 :: 894 N Summit Avenue, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,236 sq ft
Lot Size: 7,502 sq ft
Added: 10/25/24, Last Updated: 11/22/24
Property Type: Single Family
MLS Number: P1-19747
Community: Pasadena (NW)
Status: Sold
Investor's Dream Opportunity in Pasadena!BACK ON MARKET! BUYER CANNOT PERFORM! Discover endless potential with this 3-bedroom, 1-bathroom home nestled in a prime Pasadena neighborhood. It features a spacious backyard along with a classic California basement and attic for extra storage or potential expansion space. Impacted by a fire in June 2021, this property presents a unique opportunity for a bold investor with vision! Due to the current condition, this home is uninhabitable, making it a serious fixer-upper or an ideal teardown to create something new.This is an all-cash sale only and sold strictly 'as is'--no repairs will be made by the seller. Please respect the uninhabitable condition and refrain from visiting the property directly. The city of Pasadena has designated this property as RM-12 (Multi-Family Residential, Two Units Per Lot), presenting an incredible opportunity to maximize its investment potential. Investors can build additional units to significantly enhance the property's value and rental income. For homebuyers, it allows for the addition of another home, providing the option to live in one unit while renting out the other, further optimizing financial returns. Buyer/Investor to conduct their own due diligence regarding measurements, permits, and city compliance to address and satisfy their inquiries. If you're ready to take on a major project and unlock its value, this property is calling for you! DEADLINE TO SUBMIT OFFERS: 11/8/24, FRIDAY AT 6:00 PM. Send offers under 1 PDF file with POF to [email protected]. Thanks!
Listed with Amy Ponce | (323) 702-7888, 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/! - Fri, 22 Nov 2024 09:30:00 +0000: $1,235,000 :: 352 S Carmelo Avenue, Pasadena CA, 91107 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,550 sq ft
Lot Size: 5,158 sq ft
Added: 10/22/24, Last Updated: 11/22/24
Property Type: Single Family
MLS Number: P1-19691
Community: Pasadena (SE)
Status: Sold
Welcome to this well-maintained traditional-style home, ideally situated just a block from San Marino in the prestigious Cal Tech-San Pasqual neighborhood. This delightful residence features 3 bedrooms and 2 bathrooms, offering a perfect blend of comfort and convenience.The thoughtfully designed floorplan includes a spacious primary suite at the back of the house, providing a private retreat, while two additional bedrooms with a shared bath are located at the front. The open kitchen seamlessly flows into a large family room, complete with sliding glass doors that lead to a deck and a private backyard-perfect for entertaining or relaxing. A separate workshop, with electricity, is the ideal space for tinkering, crafting, or storage.Nestled at the end of a quiet cul-de-sac, this home boasts numerous updates, including new paint, floors, sewer line, hot water heater, newer windows, roof and copper plumbing. Enjoy the convenience of being in the heart of Pasadena, near the Huntington Library and Gardens, the Rose Parade Route on Colorado Blvd, shopping, dining and all that the City of Roses has to offer!
Listed with Nichole Dunville | (626) 627-1010, 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, 21 Nov 2024 21:30:00 +0000: $1,135,000 :: 1025 N Mentor Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
4 beds, 2 baths
Home size: 2,092 sq ft
Lot Size: 6,260 sq ft
Added: 09/18/24, Last Updated: 11/21/24
Property Type: Single Family
MLS Number: SW24194790
Community: Pasadena (NE)
Status: Sold
Welcome to this enchanting four-bedroom, two bathroom built in 1907, radiating character and charm at every corner. Nestled on a spacious corner lot, this property boasts a detached garage and a myriad of features that blend the old with the new. Main floor highlights: office space perfect for working from home or as a quiet study area. Farmhouse kitchen featuring a farmhouse sink very functional kitchen space. Large living room with a fireplace perfect for family gatherings and entertaining guests. A mud room conveniently located off the back entry door, leading to a beautiful covered patio a perfect spot for morning coffee or evening relaxation. Four bedrooms are located upstairs offering privacy. Basement for extra space can be utilized for various needs from a home gym or play area washer and dryer hookup is also located in basement. This home also comes with a Attic for extra storage space. This home is more than just a place to live its a place of history with comfort. Come and experience the timeless beauty and unique charm of this historic gem. Sold as is home does have a new roof owner replaced this year 2024.
Listed with Sophia Cruz | 951-488-8644, Excellence Empire 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/! - Thu, 21 Nov 2024 16:34:00 +0000: $892,000 :: 315 E Howard Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,900 sq ft
Lot Size: 7,245 sq ft
Added: 11/05/24, Last Updated: 11/21/24
Property Type: Single Family
MLS Number: P1-19849
Community: Pasadena (NW)
Status: Sold
This spacious 3-bedroom, 13/4-bath home offers tremendous potential for customization! With a bit of TLC, this fixer-upper can be transformed into a charming and comfortable haven. Each bedroom boasts unique touches, like a private balcony, a cozy attached office or nursery, and ample space for personalization. The home also features a warm living room perfect for relaxation and a formal dining room ideal for entertaining.Outside, you'll find a generously sized yard, perfect for outdoor gatherings or gardening projects, and a two-car garage that offers possible ADU (Accessory Dwelling Unit) development opportunities. This home is a fantastic canvas for anyone looking to create their ideal space and capitalize on the many possibilities it offers.Note: The second bath may not be permitted.
Listed with Carla Jamison | (818) 636-1799, 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/! - Thu, 21 Nov 2024 15:17:00 +0000: $1,670,000 :: 296 Cherry Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
2 beds, 2 baths
Home size: 1,383 sq ft
Lot Size: 6,892 sq ft
Added: 09/06/24, Last Updated: 11/21/24
Property Type: Single Family
MLS Number: 24432321
Community: Pasadena (SW)
The price of this listing was last reduced on 10/31/2024 by 6%
Status: Sold
Nestled in tranquil Pasadena, find this Mid-Century gem perched above a terraced garden of native flora with sweeping views. The spacious, open layout showcases the hallmarks of iconic mid-century style, including exposed beams, tile and stone accents, and floor-to-ceiling glass doors flowing to the scenic outdoors. Meal prep is a pleasure in the stylish kitchen outfitted with stainless appliances and abundant counter space. A pair of sunny bedrooms includes the ensuite Primary, which opens to a serene patio. The gated rear yard makes it easy to savor open-air living with space for entertaining and alfresco dining, and a grassy area for play. Amenities include central AC, long driveway and a covered carport. Amazing location in the pristine San Rafael Hills puts you close to the Rose Bowl and Pasadena Old Town, and provides easy access to the great array of coffee and dining in nearby Highland Park and Eagle Rock.
Listed with Tracy B Do | 323-842-4001, 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, 21 Nov 2024 13:38:00 +0000: $1,346,000 :: 546 Douglas St Street, Pasadena CA, 91104 - Pasadena - Solds - SFR
3 beds, 1 bath
Home size: 1,316 sq ft
Lot Size: 6,752 sq ft
Added: 10/18/24, Last Updated: 11/21/24
Property Type: Single Family
MLS Number: P1-19654
Community: Pasadena (NE)
Status: Sold
Screened by a beautiful Palo Verde tree and mature native garden, 546 Douglas is a rare 1923 Spanish Colonial Revival bungalow still rich with original character. Creamy, textured stucco, graceful arches and the authentic clay tile-lined roof pull visitors up a gently curving flagstone path bordered by native iris and hummingbird's favorite California fuchsia to the generous covered front porch. Visitors are welcomed by the broad front arch, the ribbon of wood casement windows and a gorgeous solid oak front door - with the original brass speakeasy! Open the front door to reveal honey-hued narrow plank hardwood floors and preserved wood molding -- these original elements, as well as the fully restored casement windows and Batchelder tile fireplace convey pride, quality and artistry. It's difficult to name the star of the living room: is it the beautiful multi-pane wavy glass wood windows, or the decorative fireplace surround with original tilework? Both living and dining rooms enjoy lovely filtered natural light through ample windows and offer access to the outside via wood french doors to the elevated side porch. The updated kitchen with classic built-in banquette seating boasts modern upgrades, including a suite of stainless steel Samsung appliances and Kraus sink and faucet. Subway tile backsplash and butcher block countertops integrate beautifully with the home's original character. The details are everything here - hardware on cabinetry, built-ins and door and windows throughout have all been refurbished with architecturally and era appropriate bronze, brass and glass. Bedrooms are nicely sized, all enjoying fully functional windows with pleasant garden views. A light and bright full bath and laundry room off of the kitchen (with access to the back yard) offer comfort and convenience. Fully fenced with a detached one car garage, the back yard here is an idyllic sanctuary of native plants, fruit trees and a shady brick patio space - a peaceful personal retreat in Pasadena's Craftsman Heights. Neighborhood highlights include beloved Seed Bakery, famous Roma Market, Washington Park and the Post Climbing Gym -- so much to enjoy in the middle of historic Pasadena!
Listed with Teresa Fuller | (626) 483-0710, 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, 20 Nov 2024 19:38:00 +0000: $900,000 :: 101 W Washington Boulevard, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,037 sq ft
Lot Size: 5,628 sq ft
Added: 10/07/24, Last Updated: 11/20/24
Property Type: Single Family
MLS Number: CV24207662
Community: Pasadena (NW)
Status: Sold
Welcome to your dream home in the heart of Pasadena! This beautifully remodeled residence offers the perfect blend of modern sophistication and cozy comfort. From the moment you step inside, you’re greeted by a striking accent wall, gleaming wood floors, recessed lighting, and fresh paint that create a bright and inviting atmosphere.The stylish kitchen with brand-new appliances seamlessly flows into open living spaces, ideal for entertaining or relaxed living. Upgraded bathrooms, windows, new doors, Central air, a smart thermostat, and indoor laundry hook-ups provide modern comfort.Step outside to a serene backyard perfect for gatherings or unwinding. Located within walking distance of the Rose Bowl and just minutes from downtown Pasadena, this home offers easy access to shopping, fine dining and many fun activities. Thoughtfully upgraded while preserving timeless charm, this turnkey home is ready to be yours!Eligible for FHA financing on September 13, 2024!
Listed with Liam Grieco | 626-625-6305, GOOD LIFE REALTORS
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, 19 Nov 2024 05:22:00 +0000: $990,000 :: 1409 N El Molino Avenue, Pasadena CA, 91104 - Pasadena - Solds - SFR
2 beds, 1 bath
Home size: 1,024 sq ft
Lot Size: 4,749 sq ft
Added: 10/25/24, Last Updated: 11/19/24
Property Type: Single Family
MLS Number: P1-19736
Community: Pasadena (NE)
Status: Sold
Welcome to this beautifully remodeled 1924 Craftsman home, situated in the desirable Normandie Heights neighborhood of Pasadena. This charming 2-bedroom, 1-bathroom residence has been thoughtfully updated, blending modern amenities with timeless details. The professionally landscaped front yard enhances the home's curb appeal, leading you to a welcoming front porch and into the light-filled living room. Inside, wood-like flooring flows throughout the open floor plan, complemented by recessed lighting and a custom-tiled decorative fireplace with a sleek mantle, adding a contemporary touch to the classic Craftsman design. The living room seamlessly connects to the dining area, which features a modern hanging light fixture and French doors that open to a covered patio and grassy backyard, perfect for indoor-outdoor living and entertaining. The fully remodeled kitchen boasts quartz countertops, shaker-style cabinets, stainless steel appliances, and a custom-tiled backsplash. A laundry closet with a side-by-side washer and dryer is conveniently located within the kitchen space. On the north side of the home, a fully updated bathroom sits between the two bedrooms. The bathroom features a beautifully tiled shower-tub combination and a modern single-sink vanity. At the rear of the home, a versatile bonus room offers the ideal space for a den, home office, or guest room, providing flexibility to suit your needs. The backyard is a true highlight, offering a mix of covered and uncovered patio areas, perfect for entertaining or enjoying quiet moments outdoors. The lush yard completes this picture-perfect Craftsman home, combining historic charm with modern upgrades in a prime Pasadena location.
Listed with Jason Berns | (626) 826-4544, 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/! - Mon, 18 Nov 2024 17:30:00 +0000: $3,238,888 :: 1500 Inverness Drive, Pasadena CA, 91103 - Pasadena - Solds - SFR
3 beds, 5 baths
Home size: 3,740 sq ft
Lot Size: 23,985 sq ft
Added: 09/25/24, Last Updated: 11/18/24
Property Type: Single Family
MLS Number: 24442349
Community: Pasadena (NW)
Status: Sold
Nestled in the coveted and private hills of North Arroyo, Pasadena, 1500 Inverness Drive is a contemporary architectural jewel crafted by award-winning Pasadena architect Robert McClellan. This multi-level contemporary residence spans over 3,740 sqft. and effortlessly integrates into its lush surroundings, offering both privacy and sweeping views of Mt. Wilson, Pasadena, The Rose Bowl, and Brookside Country Club. A striking, architectural passage greets you into the home where you're immediately drawn into a world where classic design elements are masterfully integrated into modern living. Vibrant picture windows throughout the home create a tranquil, immersive experience, drawing the natural beauty of the outdoors inside. The seamless connection to nature continues with private balconies throughout and intimate outdoor spaces, along with generously appointed seating areas nestled throughout the property. Attention to detail is evident throughout, with high-end finishes and appliances including Gaggenau in the kitchen, the retreat-like primary suite, complete with a fireplace, and a thoughtfully designed gym and office surrounded by inspiring views of Mt. Wilson, bringing the tranquility of the outdoors into everyday life. Further enhancing the property's appeal is its three-car garage, as well as its ideal location. Though it feels remote and peaceful, 1500 Inverness is just minutes from the boutique shopping, fine dining, and cultural amenities of Old Town Pasadena and La Canada . This home strikes a perfect harmony between privacy, timeless design, and a deep connection to the surrounding nature, embodying the essence of modern minimalist living.
Listed with Donald Heller | 310-466-7809, Christie's International Real Estate SoCal
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/! - Mon, 18 Nov 2024 15:16:00 +0000: $2,200,000 :: 450 Cherry Drive, Pasadena CA, 91105 - Pasadena - Solds - SFR
3 beds, 2 baths
Home size: 1,917 sq ft
Lot Size: 6,731 sq ft
Added: 10/25/24, Last Updated: 11/18/24
Property Type: Single Family
MLS Number: P1-19732
Community: Pasadena (SW)
Status: Sold
This infinitely special Spanish Colonial Revival home in the San Rafael Hills of Pasadena is rustic yet elegant, romantic yet stately, refined yet warm and all of the complex contradictions that make this architecture irresistible. Sited on the south-facing side of Cherry Drive, with views of the Poppy Peak Historic District and beyond, this home transports its visitors to a relaxed, style-rich and elevated point of view. Hand-troweled stucco, a classic red clay barrel tile roof with curved rafter tails and recessed entry define the exterior of this 1933-built property. Follow the brick walkway to the front porch flanked by Arbutus and Bottlebrush trees, and open the 'Julia Morgan blue' front door to reveal a spectacular Magnesite floor inside. Molded into harmonious octagonal and Saltillo brick patterns with hand painted Spanish tile details, the entry floor and ironwork set the artisan tone. Vaulted beamed ceilings define public spaces here: in the entry, suspended over a hand-carved wood beam, and in the living room: a cathedral ceiling lined with tongue and groove paneling. Featuring a rustic decorative brick fireplace with iron-front wood storage vault, the living room boasts casement picture windows to the front, framing the view of a Camphor tree. With southern exposure, both the living and dining rooms are light-filled, with peg-in-groove hardwood floors and velvety white plaster walls. Through french doors, the dining room offers access to a private balcony with southern tree top views...and to the north, the patio and backyard. Adjacent to the dining room, find an exquisite kitchen with Adriatic blue lacquered cabinetry, high end stainless appliances, custom tile backsplash and views. Like the arched casement window above the hammered copper sink opens to the side yard; this home offers great flow and many opportunities to commune in the public spaces. Bedrooms are lovely, each with garden or treetop views. Two bathrooms are updated with artful fixtures and finishes, while retaining character: from the sweet built-in cabinet in the 3/4 bath, to the collage of aqua and blue tile in the full bath. Finally, the backyard is a dream, with handsome brick dining patio, sitting terrace under a grove of astonishing Euphorbia cactus, a shady turf side garden and a spa for unobstructed star gazing. Located central to everything and near treasured local spots, here is opportunity to live with architecture and history, while living well in the present.
Listed with Teresa Fuller | (626) 483-0710, 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/!
