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
March 20, 2010

Pasadena Homes For Sale Real Estate Statistics for February 2010

Pasadena real estate median sales price for single family homes went up 8.5% from last month. However, the median price is 17.1% higher than last February 2009. Looking at the last 3 years, the picture is not so pretty, pasadena's median price is down almost 30% from 2007.

1 month 1 year 3 years
Jan 10 Feb 10 % Change Feb 09 Feb 10 % Change Feb 07 Feb 10 % Change
Median Price 518 562 8.5% 480 562 17.1% 780 562 -27.9%

Here are the real estate statistics for the last 2 months (based on ITEC Multiple Listing Service):

Single Family Residence Jan-10 Feb-10
New Listings 67 70
Total Listings 207 216
Sales Pending 61 76
Homes Sold 48 46
Listings Expired 22 21
Average Days on the Market 87 82
Average Price Per Sq. Ft. $355 $356
Median Selling Price $531,500 $566,000
Average Selling Price $664,954 $659,696
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 18.7 20.3
Condos Jan-10 Feb-10
New Listings 56 50
Total Listings 149 171
Sales Pending 33 28
Condos Sold 33 23
Listings Expired 37 8
Average Days on the Market 79 78
Average Price Per Sq. Ft. $367 $346
Median Selling Price $413,000 $425,000
Average Selling Price $414,088 $475,478
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 19.6 32.2
Townhomes Jan-10 Feb-10
New Listings 26 21
Total Listings 67 61
Sales Pending 2 15
Townhomes Sold 4 15
Listings Expired 0 1
Average Days on the Market 65 92
Average Price Per Sq. Ft. $421 $337
Median Selling Price $ 503,500 $ 549,000
Average Selling Price $ 504,250 $ 514,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 72.6 17.6

Please note the data is a bit different from the table at the top of the post given the timing of home sales pull.

If you were to buy a Pasadena home 7 years ago, you'd still be ahead on your investment - about 30% ahead. Average price per square foot in February 2003 was $287.

Pasadena Price Per Square Foot - 7 year review

Interestingly enough, Pasadena condos and townhomes did even better 7 years running. They are ahead over 45%.

1 month 1 year 7 years
Nov 09 Feb 10 % Change Feb 09 Feb 10 % Change Feb 03 Feb 10 % Change
Avg. Sq. Ft. Price 356 356 0.1% 343 356 3.7% 245 356 45.4%

Pasadena Foreclosure Statistics:

There are currently 15 foreclosure homes available for sale.

Average foreclosure list price is $451,580.

17 Pasadena foreclosures are currently under contract and are in escrow.

In the last 6 months, there were 56 foreclosure homes that closed escrow and sold on average at 101% of list price.

35 of the 56 homes were sold over asking. Some as much as 18% over asking!

Interested in seeing what is currently available? If so, you can search all Pasadena Foreclosures here.

See all Pasadena Homes for Sale below:

See the listing feed of all Pasadena homes above for all the details and information. it is updated every few hours.

You can also see all the property listing feeds by city or zip code.

READ MORE:

San Marino Real Estate Statistics

San Gabriel Real Estate Statistics

Altadena California Craftsman

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

March 20, 2010

Arcadia Real Estate - Homes for Sale Trends

Arcadia's real estate statistics and homes for sale data is below for your review. February showed a bit of a rebound in the price per square foot and broke through the $400 ceiling. Looks like home buyers have purchased smaller homes for a bit of a higher price per square foot, but kept their average purchase price in the low $1 million range.

These homes also sold faster, on average in just a month. However, the inventory is still pretty high at over 110 available homes for sale in Arcadia.

Single Family Residence Dec-09 Jan-10 Feb-10
New Listings 26 40 43
Total Listings 83 107 111
Sales Pending 17 18 21
Homes Sold 34 17 16
Listings Expired 29 8 15
Average Days on the Market 69 46 30
Average Price Per Sq. Ft. $428 $388 $402
Median Selling Price $975,000 $900,000 $824,900
Average Selling Price $1,267,907 $1,052,588 $1,064,768
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.6 27.3 30.1
Condos Dec-09 Jan-10 Feb-10
New Listings 7 16 19
Total Listings 20 26 36
Sales Pending 6 4 4
Condos Sold 11 3 6
Listings Expired 4 3 6
Average Days on the Market 73 87 78
Average Price per Sq. Ft. $320 $344 315
Median Selling Price $487,000 $635,000 445,000
Average Selling Price $556,509 $675,000 467,388
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 7.9 37.6 26.0
Townhomes Dec-09 Jan-10 Feb-10
New Listings 2 6 7
Total Listings 8 10 13
Sales Pending 3 1 3
Townhomes Sold 5 3 3
Listings Expired 3 3 2
Average Days on the Market 14 102 29
Average Price Per Sq. Ft. $314 $315 313
Median Selling Price $480,000 $723,000 443,000
Average Selling Price $513,600 $712,667 464,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 6.9 14.4 18.8

 

Looking at historical home pricing in Arcadia, it's clear that home buyers are getting good long term value and are building up home equity over time. The graph below shows that over the last 5 years, the median price increased by 8.8% from $615,000 to $659,000 overall. This is including single family homes, condos and townhomes.

Arcadia California Median Home Sales Price 2005 - 2010

Looking at the same data, but for single family home sales only in Arcadia, we see that the median purchase price increased by 18% over the last 5 years. Not too shabby.

1 month 1 year 5 years
Jan 10 Feb 10 % Change Feb 09 Feb 10 % Change Feb 05 Feb 10 % Change
Median Price 925 800 -13.5% 723 800 10.7% 684 800 17%

 

Arcadia Foreclosure Homes Real Estate Update

What about Arcadia's foreclosure homes? Are they coming up for sale? Are banks willing to wheel and deal?

The problem is lack of inventory... yes... there should be a lot more Arcadia REO homes available for sale. But, just as we have seen with Pasadena foreclosure homes, the banks are taking their time going through the actual foreclosure process. Foreclosure Radar reports that on average, it took lenders 322 days in February to take a property from Notice of Default to a Closed Auction. It's almost 3 months longer than a year ago.

READ MORE: Steps to a foreclosure process

Arcadia California - Time to Foreclose

There are currently 138 Arcadia homes, condos or townhomes going through the foreclosure process. Only 7 homes are showing up as foreclosures available for sale in our MLS system.

 

Take a look at the available foreclosure homes below:

 

If you are interested in seeing all the details on these homes, please visit our Arcadia foreclosures for sale. These Arcadia home foreclosure listings in this post are updated every few hours.

If you have any questions about the real estate market in Arcadia or the greater Pasadena area, please give us a call at 626-629-8439.

READ MORE:

Foreclosure Friday - Kinneloa Canyon

Foreclosure Friday - South Pasadena's Monterey Road and South Pasadena's Brunswick bungalow

Foreclosure Friday - Bungalow Heaven Craftsman

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

 

Posted in About Us
March 20, 2010

San Gabriel Real Estate Homes Sold Statistics for February 2010

San Gabriel homes for sale statistics for the last three months are below for your information. The data below was gathered from the Pasadena Foothill Association Multiple Listing Service. For the most part, the last few months have been pretty steady. Inventory is still low, but is on the rise.

The number of homes sold in San Gabriel have been low during the months of Januray and February. Of course, the homes sold data is related to the homes that went into escrow 30 to 45 days prior to the closing month which puts us back to home sales that took place during the Thanksgiving and Christmas holidays. So the low volume is expected - it's the cyclical nature of real estate.

Single Family Residence Dec-09 Jan-10 Feb-10
New Listings 21 30 34
Total Listings 44 59 68
Sales Pending 11 14 15
Homes Sold 21 12 14
Listings Expired 19 11 10
Average Days on the Market 65 68 37
Average Price Per Sq. Ft. $392 $370 $381
Median Selling Price $545,000 $555,000 $500,500
Average Selling Price $573,113 $618,129 $543,929
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 9.1 21.3 21.0
Condos Dec-09 Jan-10 Feb-10
New Listings 4 1 2
Total Listings 6 3 4
Sales Pending 4 4 1
Condos Sold 0 5 2
Listings Expired 6 3 1
Average Days on the Market n/a 54 28
Average Price Per Sq. Ft. n/a $319 $268
Median Selling Price n/a $395,000 $382,500
Average Selling Price n/a $440,160 $382,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales) n/a 2.6 8.7
Townhomes Dec-09 Jan-10 Feb-10
New Listings 3 0 1
Total Listings 10 12 10
Sales Pending 9 1 3
Townhomes Sold 6 5 3
Listings Expired 2 0 3
Average Days on the Market 63 58 86
Average Price Per Sq. Ft. $338 $309 $288
Median Selling Price $450,000 $450,000 $425,000
Average Selling Price $458,833 $480,600 $423,333
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 7.2 10.4 14.4

Looking back at the last five years of San Gabriel real estate sales data, it looks like the average sold price of homes peaked in May of 2006 at $726,000. In February of 2009, the average sales price was $585,000. This year, same period see the average sales price of $543,000.

However, it's interesting to note that five years ago, in February of 2005, the average sales price of San Gabriel homes was $551,000 which is only 1.5% higher than last month. Given all the hoopla of the real estate market crashing, the home prices held pretty darn good overall.

San Gabriel real estate - 5 year review

If you're interested in seeing all San Gabriel homes for sale, take a look at the listings below, or click on the San Gabriel listing feed here to view homes as they come up on the market.

 

Interested in seeing San Gabriel foreclosure homes? You can find them below:

If you have any questions about the real estate market in San Gabriel or the greater Pasadena area, please give us a call at 626-629-8439.

READ MORE:

Foreclosure Friday - Kinneloa Canyon

Foreclosure Friday - South Pasadena's Monterey Road and South Pasadena's Brunswick bungalow

Foreclosure Friday - Bungalow Heaven Craftsman

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

 

March 19, 2010

Monrovia Home Sales Statistics for February 2010

Monrovia home sales have remained constant over the last few months. Average price per square foot for single family homes sold has been hovering in the $325/sq. ft. with inventory taking a dip overall from same time last year.

Home buyers in Monrovia have a choice of homes for as little as the low $300,000s to as high as $1,249,000. Only a few condos are available, but these can be picked up under $400,000.

Monrovia is a city just East of Sierra Madre and Pasadena. Lots of nice restaurants and shops can be found on Huntington Drive. Westfield Mall is close enough to provide access to large stores like Nordstrom's and Macy's and a myriad of boutiques, theaters and entertainment.

MORE INFORMATION: See all homes for sale in Monrovia here

Monrovia Inventory February 2010

Single Family Residence Dec-09 Jan-10 Feb-10
New Listings 15 28 17
Total Listings 48 62 58
Sales Pending 18 24 24
Homes Sold 20 16 20
Listings Expired 8 4 3
Average Days on the Market 58 49 51
Average Price Per Sq. Ft. $323 $344 $328
Median Selling Price $455,250 $467,475 $453,900
Average Selling Price $468,970 $522,684 $487,740
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.4 16.8 12.6
Condos and Townhomes Dec-09 Jan-10 Feb-10
New Listings 3 5 2
Total Listings 11 10 9
Sales Pending 3 4 1
Homes Sold 14 3 2
Listings Expired 2 0 1
Average Days on the Market 58 45 70
Average Price Per Sq. Ft. $258 $253 $193
Median Selling Price $353,500 $399,000 $240,000
Average Selling Price $331,129 $407,000 $240,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 3.4 14.4 19.5

For more information about Monrovia homes for sale, please do not hesitate to give us a call at 626-629-8439.

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

 

Feb. 28, 2010

Pasadena Real Estate Home Sales Statistics for January 2010

In reviewing the numbers of home sales in Pasadena California for January 2010 and comparing it to January 2009, the stats that jump out at me are:

Pasadena Single Family Houses for Sale

  • The inventory is a bit lower and it takes a lot less time to sell a home in Pasadena this year than last.
  • Price per square foot of sold homes is actually higher this year than last.
  • Even though there's less inventory, almost twice as many units sold in January of this year than last.
  • And, fewer home listings expired.

Pasadena Condos for Sale

  • Again less inventory this year, but significantly higher number of sales - in January of 2009, only 5 condos sold and 33 in January of 2010.
  • Price per sq. ft. of sold condos is a bit lower at $367 vs. $379
  • Absorption rate is only 19.6 weeks in 2010 vs 158 weeks in 2009

Pasadena Townhouses for Sale

  • A lot more new townhome listings this January than last year. However, the total number of units is consistent at 67.
  • Only 4 townhomes sold in January of 2010 vs 11 in 2009
  • Price per square foot is significantly higher and is over $400. This is most likely driven by a small number of sales. That number will come down in February as volume of sales rises.
Single Family Residence Jan-09 Nov-09 Dec-09 Jan-10
New Listings 81 53 45 67
Total Listings 239 226 204 207
Sales Pending 31 67 65 61
Homes Sold 28 69 68 48
Listings Expired 48 36 53 22
Average Days on the Market 130 67 84 87
Average Price Per Sq. Ft. $333 $368 $330 $355
Median Selling Price $505,000 $620,000 $810,000 $531,500
Average Selling Price $548,981 $714,001 $729,829 $664,954
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 37.0 14.2 13.0 18.7
Condos Jan-09 Nov-09 Dec-09 Jan-10
New Listings 44 24 23 56
Total Listings 183 172 143 149
Sales Pending 2 35 29 33
Condos Sold 5 29 31 33
Listings Expired 24 17 24 37
Average Days on the Market 113 86 67 79
Average Price Per Sq. Ft. $379 $377 $369 $367
Median Selling Price $207,450 $485,000 $398,000 $413,000
Average Selling Price $427,950 $491,121 $474,298 $414,088
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 158.6 25.7 20.0 19.6
Townhomes Jan-09 Nov-09 Dec-09 Jan-10
New Listings 8 14 11 26
Total Listings 67 67 54 67
Sales Pending 6 23 12 2
Townhomes Sold 11 15 27 4
Listings Expired 8 4 20 0
Average Days on the Market 115 59 67 65
Average Price Per Sq. Ft. $349 $397 $373 $421
Median Selling Price $ 462,500 $ 520,000 $ 545,000 $ 503,500
Average Selling Price $ 436,991 $ 539,267 $ 585,007 $ 504,250
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 26.4 19.4 8.7 72.6

Here's a nice visual of Pasadena SFR (houses) inventory. As you can see the number of houses for sale is half of what it was in November of 2008. That has been one of the challenges for real estate agents and home buyers in 2009 - lack of inventory. However, the number of Pasadena homes in the foreclosure process is quite high. However, as lenders are taking back these homes, they're holding on to the inventory and the foreclosure homes are very slowly trickling in to the market place.

READ MORE: Pasadena California Foreclosure Statistics and Forecast

Pasadena California Houses for Sale vs Sold

Looking for a Pasadena Home for Sale? Here's a list of Pasadena homes via direct feed from the MLS:

For more information, take a look at Pasadena home details here.

IRINA NETCHAEV & ASSOCIATES

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)

 

Feb. 24, 2010

Rainbow over San Marino

I woke up to a beautiful rainbow right over my home in San Marino. What a way to start a Monday... Enjoy!

Posted in San Marino
Feb. 6, 2010

Atwater Village Homes for Sale - Los Angeles Real Estate

[idx-listings city="Atwater Village" propertytypes="516" orderby="DateAdded" orderdir="DESC" count="100" showlargerphotos="true"]

Posted in Homes For Sale
Feb. 5, 2010

Wallace Neff Classic in Pasadena California - Luxury Estate for Sale

Last week, I had the opportunity to tour 1649 Lombardy Road in Pasadena California. This gracious home resides among the Pasadena estates that are minutes from the Huntington Library in San Marino and CalTech in Pasadena.

Wallace Neff, the architect known for developing the "California" style of homes excelled himself when he designed this estate in 1924. Since then, this luxury home has been tastefully renovated and is now waiting for a new owner.

READ MORE: Top 10 Luxury Estates sold in Pasadena in 2009

Estate Property Details:

5 Bedrooms and 6 Baths

House was measured to be over 7,300 sq. ft. per agent's brochure

Lot size is 23,425 per assessor

Formal Dining Room

Amazing Great Room with an Open Kitchen

Game Room

3 Car Garage

Zoned HVAC System

Double Gated Driveway

and much, much more...

As you walk through this home, the attention to detail and the use of materials throughout is breathtaking. Take a look at some of these photos, courtesy of Laurie March.

1469 Lombardy Pasadena California

Peace and tranquility with lush landscaping and use of wood floors throughout...

1469 Lombardy Pasadena California Office

Library/Ofice... love the nook for the books and tons of light through the windows.

1469 Lombardy Pasadena California fireplace

Take a look at the tiling around the fireplace and the herringbone pattern on the interior... just beautiful.

1469 Lombardy Pasadena California

Love the floor tiles and the wood paneling... spectacular!

1469 Lombardy Pasadena California

Perfection... need I say more?

1469 Lombardy Pasadena California

Beautiful fixtures...

1469 Lombardy Pasadena California

Beautiful use of tiles and muted tones...

1469 Lombardy Pasadena California

Love the fixtures AND the tiles...

1469 Lombardy Pasadena California

Mud room in California? Martha Stewart will feel at home here!

1469 Lombardy Pasadena California

Great use of space!

This home is listed by Mark Ogden of Sotheby's International.

The last sale on this street was at 1661 Lombardy Road and closed at $4,050,000, but the home was 4,714 sq. ft. Significantly smaller than this one.

Can you see yourself living here? I sure can!

Interested in seeing what other luxury estates are available in the area? See below... the information for these homes will be updating real time as new homes come up on the real estate market.

 

See all Luxury Estates in Pasadena over $3 Million.

If you are interested in getting more information about this home or making it your own, give me a call at 626-629-8439.

Feb. 5, 2010

Luxury Estates in Pasadena California - Cal Tech and San Marino adjacent

[idx-listings linkid="124448" count="1000" showlargerphotos="true"]

Posted in Buyers, Homes For Sale
Feb. 4, 2010

La Crescenta Foreclosure Homes for Sale - Los Angeles Real Estate

[idx-listings linkid="124430" count="100" showlargerphotos="true"]