Pasadena Real Estate - Everything You Ever Wanted to Know About Buying or Selling Your Home in Pasadena!

Greater Pasadena real estate market trends, valuable news about market conditions, including foreclosure information in Pasadena and surrounding cities plus much more.

Find your home in Pasadena
Dec. 8, 2010

Selling Your Home During the Holidays

In our last post, I promised to give you my opinions on whether or not you should put your Pasadena home on the market during the holidays. I am sure that you've been seeing articles where real estate experts take very strong positions on this subject, both pro and con. I hate to be non-committal here, but I really don't think that there's an answer that is right for all.

Here are my thoughts based on experience...

Do homes sell in December? Yes! I showed several homes over the weekend and when I spoke with the real estate agent representing the buyer, was told that there are several offers on the property. When I review showing statistics on my own listings, I see that buyers are still out there, but definitely, we're not seeing as many as we did last month. So... what does it all mean?

  • The home buyers that we're seeing this time of year are SERIOUS buyers... not many looky loos. - PRO
  • We are seeing multiple escrows... well priced and presented homes are selling! - PRO
  • Homes show beautifully during the holidays, because they sparkle. There's a sense of comfort and happy families... they just feel good. - PRO
  • There are definitely less buyers looking. What this means that if the right buyer for your home does not come along, your home might be considered "aged" in the eyes of future buyers who will be looking at time on the market. - CON
  • Sellers that occupy homes that they're selling will definitely encounter some inconveniences... scheduling their activities around home buyers. - CON

So... should you put your home on the market now? Absolutely! If you don't mind putting up with some inconvenience. It has to be showcased, well marketed and priced well for it to sell.

What do you think?

READ MORE: Does home staging work?

The right paint colors for your home

Posted in Home Staging, Sellers
Nov. 30, 2010

Pasadena Real Estate - Declining Market?

Recently, I had several conversations with both Pasadena real estate agents and real estate appraisers about the declining market. Pasadena being part of Los Angeles county is automatically considered to be a declining market by many. Is this a true assessment of the Pasadena real estate market? Can we make one blanket statement that will apply across all Pasadena neighborhoods, property types and price ranges? I don't think so.

Has the real estate market in Pasadena come down from the heights we've seen in 2006 and 2007? Of course! The volume of available inventory went up and we are seeing distressed sales - both short sales and foreclosures. However, we are still seeing multiple offers for certain homes and areas.

Just for the fun of it, I wanted to take a look at Pasadena's home sales under $1Million and over $1Million to see whether or now we see a decline in the price per square foot across the board.

Pasadena Real Estate - Home Sales Under $1 million

Pasadena Price per Sq Ft under $1M

Looking at the numbers above, it looks more like a fairly stable market. August 2009 started at $338 per sq. ft. with a few ups and downs and ended in October of 2010 with $334 per sq. ft. Not much of a decline in 15 months!

Pasadena Real Estate - Home Sales Between $1M to $3M

Pasadena Price per Sq Ft $1M to $3M

With Pasadena homes in the higher price range, there's a bit more of a variance in price per sq. ft. However, looking at the graph above, I am not seeing a steady decline, just the seasonal ups and downs of a real estate market.

Pasadena Real Estate - Luxury Estates Over $3 Million

Pasadena luxury estates over $3 million price per sq. ft

Quite a few changes from month to month here mainly driven by volume and availability of these estates for sale. We have been seeing 1 to 2 sales a month and with some months, no sales at all. Most of these estates sell in the mid to high $3 million range with some selling in the $5 million price point.

I think we can safely say that if you are a seller that the higher pricing tier is definitely suffering.

So, is Pasadena real estate market considered to be a decilining market? Judge for yourself.

Interested in more information about Greater Pasadena Area cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Eagle Rock City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide

And, if you are interested in fun activities to do, take a look at our 365 Things To Do In Pasadena® page.

Thinking of selling your 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 Southern California Real Estate Market.

[gravityform id=3 name=Question? Just Ask!]

Nov. 23, 2010

3 Most Expensive Pasadena Home Sales - October 2010

There were 56 Pasadena home sales in October of 2010 ranging between $185,000 to $4,000,000. Ten of these Pasadena homes closed escrow at over $1,000,000.

The top 3 luxury home sales include 2 that were on Arden Road!

October's Most Expensive Luxury Estate Sale

1125 Arden Road, Pasadena, CA 91106

Listed at $4,600,000 and sold at $4,000,000 - closed sale on October 6, 2010.

96 days on the market

1125 Arden Road Pasadena California

The description reads as follows:

Commanding and sophisticated French Normandy estate on coveted Arden Rd. This home features 6 bedrooms and 8 bathrooms with 2 suites on the first level. There are 4 bedrooms on level 2 & 3 baths. The master features vaulted ceilings, a fireplace, 2 walk-in a stunning bath and a large balcony. There is an office/loft as well. The 3rd floor has a craft room, play room and an office. The grounds are spectacular with multiple patios, outdoor kitchen and a pool with a bridge to the pool house. Pool house offers a professional kitchen, dual sided fireplace, gym, bath with steam shower and a gym. Three car garage, motor-court, slate roof. Wonderful finishes and upgrades throughout with extensive use of marble, granite, limestone and hardwood finishes.

Second Highest Estate Sale in Pasadena in October

820 Cameron Road, Pasadena, CA 91106

Listed at $5,400,000 and sold for $3,675,000 on October 18, 2010

196 days on the market

820 Cameron Road Pasadena

The description reads as follows:

This classic Mediterranean villa blends seamlessly into the long established Huntington Library estate area of Pasadena, yet it is unique newer construction. Imposing with a circle drive & dual Palladian staircases, this property is entered through handsome wrought iron gates. The pillowed limestone entry w/ soaring ceiling has a magnificent staircase that anchors the central hall floor plan. The elegant living room w/ fireplace is to the left & the formal dining room to the right. A gracious library/music room is open from the living room. The gourmet kitchen has a center island, granite counters, top-of-the-line appliances & an adjacent breakfast room. The family room has a wet bar, beamed ceiling, fireplace & French doors to the patio & back garden. A ground floor master suite w/ walk-in closet & laundry complete the main level. Upstairs, the 2nd outstanding master suite has a balcony patio, a fireplace & room size walk-in closet. Three additional suites complete the upper level.

Third Highest Sale in Pasadena for October 2010


777 Arden Road, Pasadena, CA 91106

Listed at $2,882,000 and sold at $2,300,000 on 10/29/2010

158 days on the market

777 Arden Road, Pasadena

The Walter Candy Home was built in 1926 by noted architect John William Chard. Known for The Chard Method of residential design, his work on this home features architectural embellishments such as second-story balconies, two loggias, a courtyard with fountain and decorative wood, tile and ironwork throughout. This home is true Pasadena Pedigree and was unanimously designated as a historical landmark by the Pasadena City Council in 2008. Additionally, this home features 5 bedroom suites, a gourmet kitchen and butler pantry, a wine cellar that holds approximately 1,500 bottles, maid's quarters and a separate laundry room. The Master Suite offers a private balcony, painted beamed ceiling, a Master Bathroom overlooking a beautiful courtyard and fountain, along with his and hers dressing rooms.

All of these homes are located in the wonderful Pasadena neighborhood just North of San Marino around the Huntington Library.

Map of 3 most expensive Pasaderna home sales

**all information obtained from the ITEC Multiple Listing Service - Pasadena Foothill Realtors Association**

Interested in seeing all Pasadena Luxury Estates for sale? Click on our Pasadena listing post here for the most up - to - date, real time list of properties.

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

Pasadena Views Real Estate Team

Pasadena Real Estate Agents

(626)629-VIEW (8439)

Nov. 21, 2010

Key Real Estate Statistics for NW Pasadena's Condos and Townhomes

North West Pasadena is identified as any property with a 91103 or 91105 zip code, that lies North of the 134/210 Freeway by the local real estate multiple listing service - ITEC. Today, we are finishing up our 4 part series by focusing on this North West Pasadena quadrant and reviewing the most recent real estate data for condominiums and townhouses.

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

KEY Real Estate Statistics for North West Pasadena - October 2010:

Real Estate Inventory:

1. Total Number of North West Pasadena Condos and Townhomes for Sale: 26

2. Number of new listings on the real estate market: 8

3. Number of condominiums/townhouses going under contract (in escrow): 3

4. Number of NW Pasadena condos/townhouses SOLD: 1

Pasadena Home Pricing:

5. Average Price of Pasadena Condos in the North West neighborhoods for Sale: $414,000

6. Average Sold Price of NW Pasadena Condos for Sale: $500,000

7. Average Price Per Square Foot of Sold Condos: $432

8. Difference of Sold to ORIGINAL List Price: 100%

Length of Market Time:

9. Days on the Market: 9

Current avaialility of Condos and Townhouses in the North West Pasadena Neighborhoods:

See the details for above properties on the North West Pasadena listing page as it is updated "real time".

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

 

Pasadena Views Real Estate Team

Pasadena Real Estate Agents

(626)629-VIEW (8439)

Nov. 20, 2010

North East Pasadena Real Estate Statistics - Condos and Townhouses - Oct 2010

The area of North East Pasadena is defined by the local Multiple Listing Service (MLS) as any property with a 91101, 91104, 91106 or 91107 zip code, that lies North of the 210 Freeway. Today, we will focus on condominiums and townhouses that are on the market in this neighborhood.

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

KEY Real Estate Statistics for NE Pasadena - October 2010:

Real Estate Inventory:

1. Total Number of North East Pasadena Condos and Townhomes for Sale: 37

2. Number of new listings on the real estate market: 12

3. Number of condominiums/townhouses going under contract (in escrow): 8

4. Number of NE Pasadena condos/townhouses SOLD: 0

North East Pasadena Condo Inventory October 2010

Pasadena Home Pricing:

5. Average Price of Pasadena Condos in the North East neighborhoods for Sale: $359,000

6. Average Sold Price of NE Pasadena Condos for Sale: $271,000 (September 2010 data - no sales in October)

7. Average Price Per Square Foot of Sold Condos: $231 (September 2010 data - no sales in October)

8. Difference of Sold to ORIGINAL List Price: 95% (September 2010 data - no sales in October)

Length of Market Time:

9. Days on the Market: 96 (September 2010 data - no sales in October)

Observations:

North East area of Pasadena seems to have stagnated in condo and townhome sales. The # of available units is quite high resulting in 4 to 6 months of inventory. The price per square foot of these properties has dropped to the lowest in 15 months.

14 out of 37 available units are in some sort of financila distress. 5 units are in foreclosure and 9 units are in pre-foreclosure, short sale stage. The high percentage of distressed properties is strongly affecting the real estate market in the North East quadrant of Pasadena.

North East Condos and Townhomes for Sale:

See the details for above properties on the North East Pasadena listing page as it is updated "real time".

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

 

Pasadena Views Real Estate Team

Pasadena Real Estate Agents

(626) 629-VIEW (8439)

 

Nov. 19, 2010

South West Pasadena Condos and Townhomes Key Real Estate Statistics

Our analysis of Pasadena condos and townhomes continues with focusing on the key real estate statistics in the South West quadrant of Pasadena - part 2 (see Part 1 - South East - here) of our series. South West Pasadena is defined as any property with a 91103 or 91105 zip code, that lies South of the 134/210 Freeway.

Key Statistics for SE Pasadena Condos

South West Pasadena Condo Prices for sale vs sold

Real Estate Inventory:

1. Total Number of South West Pasadena Condos and Townhomes for Sale: 81

2. Number of new listings on the real estate market: 19

3. Number of condominiums/townhouses going under contract (in escrow): 8

4. Number of Pasadena condos and townhomes SOLD: 7

Pasadena Home Pricing:

5. Average Price of Pasadena Condos in the South West neighborhoods for Sale: $551,000

6. Average Sold Price of S@ Pasadena Condos for Sale: $737,000

7. Average Price Per Square Foot of Sold condominiums and townhouses: $388

8. Difference of Sold to ORIGINAL List Price: 100%

Length of Market Time:

9. Days on the Market: 105

Observations:

In looking at the graph below, it's interesting to note that the average sales price is higher than the average asking price. However, 2 of the properties sold were over $1.2 million and skewed the data. Overall, just like we've seen in the South East Pasadena statistics, the inventory increased compared to previous months and the # of sales decreased.

South West Condos and Townhomes for sale:

For detailed listing information, please visit the South West Pasadena Condo page.

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

 

Pasadena Views Real Estate Team

Pasadena Real Estate Agents

(626)629-VIEW (8439)

Nov. 18, 2010

Key Real Estate Statistics for Pasadena Condos - South East Pasadena

Let's take a look at the condo and townhome market in Pasadena California. This is going to be the first of four posts focusing on different areas of Pasadena. Our Multiple Listing Service has Pasadena divided into quadrants.

We'll look at South East Pasadena first. The boundary for MLS purposes is any condominium or townhouse in the 91101, 91106, 91107, 91225 and 91226 zip code that is South of the 210 Freeway.

Key Statistics for SE Pasadena Condos

South East Pasadena Condos and Townhomes for sale historical look

Real Estate Inventory:

1. Total Number of South East Pasadena Condos and Townhomes for Sale: 123

2. Number of new listings on the real estate market: 43

3. Number of condominiums/townhouses going under contract (in escrow): 14

4. Number of Pasadena homes SOLD: 9

Pasadena Home Pricing:

5. Average Price of Pasadena Condos in the South East neighborhoods for Sale: $513,000

6. Average Sold Price of SE Pasadena Condos for Sale: $405,000

7. Average Price Per Square Foot of Sold Homes: $409

8. Difference of Sold to ORIGINAL List Price: 98%

Length of Market Time:

9. Days on the Market: 53

Observations:

A couple of interesting facts -

The volume of available condos and townhomes for sale went up by 7% from August of 2009. However, the actual number of units sold decreased by 61%.

Average price per square foot went up by 18.2% from $346 in August of 2009, but the average sales price went down by 3.6% from $532,000.

Average sold price is only 1.8% lower than 15 months ago.

South East Condos and Townhomes for sale:

See all South East Condo listings updated "real time" here.

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

Pasadena Single Family - 9 key real estate statistics report

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-6298439.

 

Pasadena Views Real Estate Team

Pasadena Real Estate Agents

(626)629-VIEW (8439)

 

Nov. 17, 2010

Top 9 Pasadena Real Estate Statistics

Let's take a look at the top 9 Pasadena real estate statistics for single family homes for the month of October 2010.

Real Estate Inventory:

1. Total Number of Pasadena Homes for Sale: 344

2. Number of new listings on the real estate market: 116

3. Number of homes going under contract (in escrow): 81

4. Number of Pasadena homes SOLD: 54

Pasadena Home Pricing:

5. Average Price of Pasadena Homes for Sale: $1,028,000

6. Average Sold Price of Pasadena Homes for Sale: $768,000

7. Average Price Per Square Foot of Sold Homes: $393

8. Difference of Sold to ORIGINAL List Price: 88%

Length of Market Time:

9. Days on the Market: 104

Observations:

A couple of interesting facts -

The volume of available homes for sale went up by 36% from October of 2009. However, there are 29% less sales this month from last year.

Looking at historical price per square foot of sold homes in Pasadena, $393 is the same price per square foot as in 15 months ago. No change at all.

Average sold price is only 1.8% lower than 15 months ago.

For a list of all Pasadena homes for sale, please visit Pasadena Homes for Sale post.

READ MORE: Pasadena Real Estate Guide and 365 Things To Do In Pasadena®

If you are thinking of buying or selling a Pasadena home, Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.

 

Pasadena Views Real Estate Team

 

Pasadena Real Estate Agents

 

(626)629-VIEW (8439)

 

Nov. 10, 2010

Pasadena California Homes for Sale 91105-real estate for sale around South Lake District

Pasadena homes for sale in 91105 Zip Code

Below, is a list of homes for sale listed in the Multiple Listing Service (MLS) in the Pasadena California zip code 91105. Feel free to click on any property for more information like price, interior details, photographs and more. You can also create a VIP account which will save your home searches and will email new home listings to you as they become available. This way, you will not miss your opportunity to own a home in Pasadena California.

Immediately below the map, you will find a few of the most recently listed Pasadena homes for your review. This property list is updated automatically as new home listings come up on the real estate market.

Give us a call at (626) 629-8439 if you would like to schedule a time to see any of these homes for sale or meet for a home buyer consultation


Interested in seeing what homes in 91105 zip code are available for sale? Click on the home search button below to search for full access to the Multiple Listing Service. 

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.


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.

Are you relocating to Pasadena?  If so, take a look at our 365 Things To Do In Pasadena® .  Call us at 626-629-8439 to schedule a time for your free home buyer or home seller consultation!

Pasadena Views Real Estate Team
Pasadena Real Estate Agents
(626) 629-8439
Email Us Here



Nov. 9, 2010

Pasadena homes for sale 91101-Pasadena CA Real Estate

Pasadena homes for sale in 91101 Zip Code

Below, is a list of homes for sale listed in the Multiple Listing Service (MLS) in the Pasadena California zip code 91101. Feel free to click on any property for more information like price, interior details, photographs and more. You can also create a VIP account which will save your home searches and will email new home listings to you as they become available. This way, you will not miss your opportunity to own a home in Pasadena California.

Immediately below the map, you will find a few of the most recently listed Pasadena homes for your review. This property list is updated automatically as new home listings come up on the real estate market.

Give us a call at (626) 629-8439 if you would like to schedule a time to see any of these homes for sale or meet for a home buyer consultation.

 

 

Pasadena Views Real Estate Team
Pasadena Real Estate Agents
(626) 629-8439
Email Us Here