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.

 

Feb. 17, 2014

Pasadena's Home Selling Season is Here!

Real estate is pretty cyclical, that is, it's pretty cyclical in a normal market.  Our home sales have been anything, but normal in recent months.  Homes for sale are scarce and buyers are struggling to get their offer accepted.

Home sellers that are thinking of selling their property are definitely reconsidering waiting until spring when the usual home selling season begins.  Many are working hard to get their homes ready to be placed on the market early.  Home stagers are working overtime providing estimates on how best to present their home, professional photographers are in demand and the real estate agents are going from appointment to appointment.  I have personally met with 5 Pasadena home sellers this week who are excited to list their homes as quickly as possible.

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Jan. 12, 2013

543 Woodward Blvd Pasadena

SOLD at $941,500 33% over asking!!!

A wonderful opportunity to buy a home in one of the best neighborhoods of Pasadena - Michillinda Park.  Get a sneak peak of this upcoming listing by clicking here - 543 Woodward Blvd.

Price: $708,000
Bedrooms: 3 BR 
Bathrooms: 2
Square Feet: 1,868 per assessor
Lot size: 18,596 per assessor
Year Built: 1949
Guest House: 2 BRs + 1 BA & Full Kitchen
MLS Built: TBA

 

Exclusively represented:

Irina Netchaev

Pasadena Views Real Estate Team Inc.

(626) 629-8439

READ MORE:   How to Buy a House in Pasadena

Interested in more information about Pasadena and surrounding 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 in Pasadena, take a look at our 365 Things To Do in Pasadena® page.


Thinking of selling your Pasadena area 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.

 

Posted in Homes For Sale
Jan. 10, 2013

9 Real Estate Tax Questions Pasadena Homeowners Must Ask

9 real estate tax questions to askI know it's no fun thinking of taxes when we just welcomed in a New Year, but as a real estate agent working in Pasadena, I thought I'd share with you some thoughts to reflect on.  

Now is the time to start putting together records and information for your 2012 tax returns which are due April 15, 2013. Here are some tax questions homeowners need to ask:

1. What tax benefits did homeowners get in the recent 'fiscal cliff' budget agreement? Two tax provisions that ended in 2011 were reinstated for 2012 and 2013: 1. Mortgage insurance premiums are again tax deductible for people with adjusted gross income below $110,000; 2. Homeowners will continue to get tax credits for certain energy-efficient home improvements. For details, visit www.irs.gov or ask a tax professional.

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Oct. 18, 2012

Altadena's Most Expensive Home Sales

Interested in Altadena real estate?  Take a look at the latest home sales data for the last few months.

Total of 111 homes went into escrow.  Total of 102 homes were sold in the 3rd quarter.  There were less than two months of inventory.

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Posted in Altadena
Oct. 3, 2012

Pasadena Home Sales Stats at a Glance September 2012

Pasadena home sales statistics for November

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Aug. 31, 2012

Selling a San Marino Home?

Selling a San Marino home? 

You are in luck...  San Marino inventory is low and prices are up!


# of home sales in San Marino (1/1/2012 to 8/31/12) - 112

# of all cash buyers - 39 - that's 35% of all home sales!

% of sold to list price - 103% - speaks of multiple offers... more buyers than sellers

Average price per square foot - $628 compared to $569 last year

San Marino School District is still #1 in Southern California.  Values are here and home buyers agree!

San Marino California real estate data for July 2012

Interested in selling your San Marino home?  Give Irina a call at 626-629-8439.

Read More:  All San Marino Real Estate for your viewing pleasure.


Irina Netchaev is a real estate broker specializing in helping home sellers and buyers in San Marino and surrounding areas.

Aug. 29, 2012

Lock Bumping - Is Your Pasadena Home Safe?

A gentle reminder to all the home buyers in or outside of Pasadena.  CHANGE your locks and hire a great locksmith!


Congratulations! Escrow is closed and you just received the keys to your new Pasadena home.

Before you move into your new home, most Pasadena real estate agents will recommend that you change your keys. Even though the home sellers were very nice and you know that they will never try to break into your home, how do you know how many home keys are out there circulating with their family and friends. Unless you want to take a chance on seeing a surprise guest, its time to change your keys.

As you are changing the cylinders out for your new home keys, consider the following:

Lock Bumping is more and more prevalent. Lock bumping? You must mean lock picking? Well.. its actually both.

Lock Bumping as described by Wikipedia is a lock picking technique for opening a pin tumbler lock using a specially crafted bump key. In essence, someone with this special key, inserts it into the lock, bumps it with a heavy instrument and is in your house. No major work required on their part.

A little history on locks and keys:

Keys have been around since Egypt as far back as 4,000 years ago. Of course, in those times locks were made out of wood.

The first all-metal lock appeared between the years of 870 and 900 and are attributed to the English craftsmen. Then came the padlocks, castle & chest locks, treasure locks, safe locks, etc.

The basic anatomy of todays common door lock:

The locks that we are familiar with now are basically pin-tumbler locks. There are two parts to the lock: the body of the lock itself and a round cylinder with holes drilled in.

A lock will have a minimum of two pins. A spring keeps pressure on the pins in the cylinder.

The drilled-in holes correspond with the notches of your key.

The two most commonly used locks in Pasadena are:

  1. Medico - considered to be a high security lock.
  2. Schlage - very common lock, but is considered by many licensed locksmiths to be the best in the West.
  3. Quikset - based on my interview with several locksmiths, Quikset is not as good as Schlage or Medico, but is considered to be a better lock than some of the others on the market.

What can you do to protect your family?

  1. Get a Medico lock - although having a Medico lock can be an ˜announcement to the burglars that you have valuable worth checking out.
  2. The next easiest and least expensive thing to do would be to hire a licensed locksmith to insert several spool drivers (minimum of two) into the mechanism of your lock. Its not difficult to do and will make your lock very difficult to pick and to bump. I just had all my locks updated with these spool drivers by a wonderful locksmith - Greg Stewart. Greg is licensed, specializes in repairing antique locks and is extremely customer service focused. You can reach Greg at (818) 554-3135 . On average, the price of this additional security runs an extra $5 to $15 per lock plus a service call.
  3. Get a security system/burglar alarm.

 

greg stewartAs Benjamin Franklin said ˜All a lock does is keep an honest man honest. It removes temptation.

We have to take stewardship of our Pasadena homes seriously. Take the necessary steps to secure your lovely Pasadena home.

If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me or call me at (626)629-8439. Thank you!

 

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.

Aug. 11, 2012

Pasadena Homes For Sale - Summer Update

It's hot!  No, it's very, very hot in Pasadena.  With temperatures in the triple digits, the real estate market is heating up as well.  This summer has been spectacular for Pasadena home sellers.  Most well priced and well presented homes are selling within days with multiple offers.

Inventory is non-existent, Pasadena home buyers are out in force and interest rates are the lowest they've been.  This pretty much creates a perfect storm.

Let's take a look at inventory first.  Looking at the graph below, you can clearly see the change in inventory in the last two years.  Pasadena has seen a 62% decline in available housing.  

The darker green also shows that the number of sold homes increased drastically in June.  192 Pasadena homes were listed for sale and 116 sold.  We've eaten through over 60% of available inventory.  Compare that inventory to 481 available homes for sale just two years ago.

Pasadena Homes for Sale - July 2010 - July 2012

Pasadena housing inventory summer 2012 

 

Now, let's take a look at pricing.  Pasadena has homes for sale from low $200,000 all the way up to multi-million dollars.  The market varies by price segment.  I wanted to give you an idea of how the market is doing for homes under $500,000, between 500,000 and a million and over a million.  

Pasadena homes under $500,000

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Aug. 10, 2012

1787 Orangewood St in Pasadena

Inventory has been low in Pasadena over the last few months and for those home buyers that are looking to buy in one of the most desirable neighborhoods, a new home listing just came on the market.

1787 Orangewood Street, Pasadena California

1787 Orangewood Street Pasadena

This character Spanish bungalow offers 4 bedrooms and 2 baths with additional space over the garage.  Light and bright, with plenty of windows, coved ceilings, 2 fireplaces - one looks suspiciously like a Batchelder, central a/c and heating, french doors and a 2-car garage are just some of this Pasadena home's features.

1787 Orangewood Collage

Please visit this home's website - Caltech Home For Sale - for more information! Or, call Irina at 626-627-7107.  To learn more about Pasadena California and to search for all homes for sale in Pasadena, visit our Pasadena Real Estate page.

Read More:  Pasadena City Guide

Posted in Homes For Sale
June 21, 2012

Pasadena Home Inventory Sorely Lacking

Multiple Offers... Shortage of Homes... Heated real estate market!  

All of the above seem to be the norm in the last month or so.  Pasadena home buyers are finding themselves rushing to be the first one to see a house for sale and hoping that they will not have to compete with dozens of offers.  Yes... you heard me right... dozens of home purchase offers.  So... what is driving this?

Low rates, the general feeling of hitting the bottom amongst investors, flips (yes... we are seeing multiple homes being flipped again) and of course, summer months. 

Don't believe me?  That's okay, let's look at the stats below.

Pasadena Real Estate Statistics as of May 2012:

  • Inventory - the # of homes available for sale in Pasadena is 53% lower than in May of 2011.  That's 176 available homes for sale vs 379 last year.
  • Under Contract - 40% more homes went into escrow or in real estate legalese "pended" last month vs May 2011 - 105 vs. 75.
  • Average price per square foot went up by 7.2% to $410.
  • Sellers are asking 9.4% more for their homes than they did same period last year.
  • There's only 1.8 months of inventory vs. 5.4 months of inventory compared to last May.
  • Average sold home price in Pasadena was $774,000 based on 89 closed sales.  By the way, last year in May 2011, there were also 89 sales but much more homes to choose from!

Statistics above are from TrendVision as provided by the Pasadena Foothill Association of Realtors.

Have you been looking for a home in the Greater Pasadena area?  What have you run into?


SEE ALL HOMES FOR SALE HERE!


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


Interested in more information about Pasadena and surrounding 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 in Pasadena, take a look at our 365 Things To Do In Pasadena® page.


Thinking of selling your 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.