Feb. 26, 2012

Pasadena Real Estate Market Report and Homes for Sale

Pasadena Real Estate Statistics Pasadena California - Single Family Homes

January 2012 hosing statistics:

  • 46 homes sold in January with an average sold price of $606,293
  • Average price per square foot of sold homes was $349
  • There were 260 homes for sale in January with an average asking price of $930,000.
  • Median price was $542,000.

See some of the Pasadena luxury  homes for sale here.

For comparison purposes, 2010 Pasadena real estate market information is below:

  • 2010 had 768 closed sales with an average sold price of $756,548 spending an average of 79 days on the market
  • Highest – $6,900,000 – 184 days on the market
  • Lowest – $128,000 – 81 days on the market

Here's a 10 year look:

Pasadena 10 Year Average Price Graph - May 2001 - May 2011

Scroll down below the home listings to see previous months real estate data. If you have any specific questions, feel free to leave a comment below or email me directly.

December 2011 Real Estate Market Report for Pasadena California:

Wow!  December closed 2011 with strong real estate market data for single family homes in Pasadena.

Pasadena is known for its character homes in a variety of price ranges.  This housing report will provide you with an overview of the real estate market.

  • There are 76 closed sales with an average sold/closed price $673,583 and an average sold price per square foot was $403..
  • YTD there have been 848 closed sales with an average sold price of $744,352 spending an average of 81 days on the market.
    • Average price per square foot is $377
    • Average interior square footage - 1,951
  • Highest sold in December – $3,680,000 – a home in the incorporated area of Pasadena with San Marino schools.
  • Lowest sold in December – $170,000 –  A short sale.

See some of the Pasadena luxury  homes for sale here.

November 2011 Real Estate Market Report for Pasadena California:

[caption id="attachment_3339" align="aligncenter" width="397" caption="Views from Buckingham Place Estate listed for over $4,698,000"]Pasadena Views from Buckingham Pl Estate[/caption]

  • There are 224 active single family homes for sale in Pasadena California.  55 homes were listed in November with an average home price of $763,737.
  • There are 80 pending/under contract sales and in the past 30 days there has been 53 closed sales with an average sold/closed price $735,006 and an average sold price per square foot was $403..
  • YTD there have been 767 closed sales with an average sold price of $752,536 spending an average of 111 days on the market.
    • Average price per square foot is $377
    • Average interior square footage - 1,951
  • Highest sold in November – $2,775,000 – sold in only 36 days to an all cash buyer.
  • Lowest sold in November – $260,000 – 30 days on the market.  A regular sale.

October 2011 Real Estate Market Report for Pasadena California:

  • There are 230 active single family homes for sale in Pasadena California.  The inventory is still low and pickings are slim.  A few more homes, 79 to be exact were listed in October with an average price tag of $915,683.
  • There are 96 pending/under contract sales and in the past 30 days there has been 56 closed sales with an average sold/closed price $621,931.
  • YTD there have been 716 closed sales with an average sold price of $753,618 spending an average of 111 days on the market.
    • Average price per square foot is $374
    • Average interior square footage - 1,959
  • Highest sold in October – $3,585,000 – sold in only 13 days!  The luxury market is still going strong in Pasadena California.
  • Lowest sold in October – $170,000 – 12 days on the market.  Another all cash sale - REO.

September 2011 Real Estate Market Report for Pasadena California:

  • There are 274 active single family homes for sale in Pasadena California.  Looks like September somewhat recovered from the drop in housing inventory that we saw in August.  We actually had an increase in the number of homes available from 251 in August, but still seriously below  the 321 properties in July.  68 of these homes were listed in the month of September  with an average list price of $994,644.  We are definitely seeing more luxury homes coming up on the market than in the past few months.
  • There are 119 pending/under contract sales and in the past 30 days there has been 66 closed sales with an average sold/closed price $663,200 spending an average of 93 days on the market.  Note:  anything less than 6 months on the market is traditionally considered a "seller's market".
  • YTD there have been 657 closed sales with an average sold price of $765,005 spending an average of 112 days on the market.
    • Average price per square foot remains at $376
    • Average interior square footage - 1,982
  • Highest sold in September – $2,048,000 million – sold in 113 days on the market.  This was a MidCentury Modern, a style of homes that seems to be "hot" and quite in demand recently.
  • Lowest sold in September – $170,000 – 80 days on the market.  Another all cash sale.

August 2011 Real Estate Market Report for Pasadena California:

  • There are 251 active single family homes for sale in Pasadena California.  A huge drop in housing inventory (down from 321 in July!) 63 of these homes were listed in the month of August (compared to 108 listed in June) with an average list price of $700,567.
  • There are 76 pending/under contract sales and in the past 30 days there has been 78 closed sales with an average closed price $839,704 spending an average of 89 days on the market.  Note:  anything less than 6 months on the market is traditionally considered a "seller's market".
  • YTD there have been 591 closed sales with an average sold price of $776,391 spending an average of 112 days on the market.
    • Average price per square foot remains at $376
    • Average interior square footage - 2,009
  • Highest sold in August – $5 million – sold in only 84 days on the market.  Originally listed for sale at $5,650,000.  The buyer paid all cash!
  • Lowest sold in August – $145,000 – 126 days on the market.  Another all cash sale and a major fixer!

See all Pasadena Foreclosure homes for sale here.

July 2011 Real Estate Market Report for Pasadena California:

  • There are 321 active single family homes for sale in Pasadena California.  Not a huge variance from the 320 in June - steady home inventory. 77 of these homes were listed in the month of July (compared to 108 listed in June and 149 listed in May) with an average list price of $1,076,316.

Interesting to note that the number of newly listed homes is going down each month while the inventory of homes remains the same.  Less sales, more listings... indicative of buyer's market.

  • There are 120 pending/under contract sales and in the past 30 days there has been 82 closed sales with an average closed price $744,847 spending an average of 94 days on the market
  • YTD there have been 510 closed sales with an average sold price of $769,039 spending an average of 114 days on the market.
    • Average price per square foot was $376
    • Average interior square footage - 2,011
  • Highest sold in July – $2,440,000 – 260 days on the market.  Interestingly enough, this historic landmark home on Bradford Street was once owned by a member of the Huntington family and was sold as a short sale.  So... yes... there are pretty high priced short sales in Pasadena.
  • Lowest sold in July – $193,000 – 23 days on the market.  This was a bank owned (REO - foreclosure) sale and sold at 118% of list price - way over asking for all cash!

June 2011 Real Estate Market Report for Pasadena California:

  • There are 320 active single family homes for sale in Pasadena California.  108 of these homes were listed in the month of June with an average list price of $880,650.
  • There are 98 pending/under contract sales and in the past 30 days there has been 88 closed sales with an average closed price $862,500 spending an average of 85 days on the market
  • YTD there have been 425 closed sales with an average sold price of $768,788 spending an average of 85 days on the market
    • Average price per square foot was $372
    • Average interior square footage - 2,018
  • Highest sold in June – $5,500,000 – 262 days on the market.
  • Lowest sold in June – $144,000 – 27 days on the market.

May 2011 Real Estate Market Report for Pasadena California:

  • There are 315 active single family homes for sale in Pasadena California.  149 of these homes were listed in the month of May with an average list price of $1,134,000.
  • There are 73 pending/under contract sales and in the past 30 days there has been 73 closed sales with an average closed price $885,000 spending an average of 69 days on the market
  • YTD there have been 339 closed sales with an average sold price of $781,273 spending an average of 85 days on the market
    • Average price per square foot was $373
    • Average interior square footage - 1,986
  • Highest  sold in May– $3,875,000 – only 17 days on the market and sold over asking!
  • Lowest sold in May – $195,000 – 7 days on the market.

Read More:  Most expensive homes 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

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.

Selection of Pasadena Homes for Sale can be found on our Pasadena Real Estate Page.

Share This Post
Lowry Homes Aug. 8, 2011

Great list of Pasadena Real Estate Market Report and Homes for Sale. I wonder though if this is updated and if there's changes after one month?

Lowry Homes Aug. 10, 2011

Thanks for the great post. Pasadena homes are truly a perfect deal for single families.

Happy Chinese New Year 2012 – The Year of th Jan. 22, 2012

[...] home buyers are out in force and properties are selling like hot-cakes.  Is it the year of the Dragon, cheap money or just New Year resolutions?  Probably a bit of [...]

Taylors Real Estate April 2, 2012

Great post - a good market report! Its not in my area but always nice to read a good report, thanks fo sharing!

HR News April 13, 2012

Thanks for posting Irina. Indeed these are actually great deals for those who are looking for properties in the area.

Discover Denver Real Estate April 16, 2012

Indeed a great post Irina. By looking at the pictures of the properties, I could really say that these are worthwhile investments for property buyers who are interested to purchase homes in the area. Great report as well!

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