Pasadena Real Estate

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.

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

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

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http://www.pasadenacarealestatehomes.com/00A71B

As the 2009 is coming to a close, I thought that it would be interesting to compare November 2008 to November 2009 real estate statistics for Pasadena California.

Some Highlights:

• It was interesting to note that the number of homes sold in all categories was significantly higher last month vs. a year ago.  The overall Pasadena real estate inventory was lower, thus the reduction in the number of weeks of inventory on the market.
• There was a significant drop in new listings for both townhomes and condos in November 2009.  Single family homes remain consistent in about 50+ Pasadena homes listed in November.
• The price per square foot dropped significantly for single family homes - 9% lower than in 2008.  Townhomes have dropped from $426 to $397.  Pasadena condos remain at $377 per sq. ft.

Single Family Residence	Nov-08	Nov-09
New Listings	56	53
Total Listings	261	226
Sales Pending	29	67
Homes Sold	42	69
Listings Expired	53	36
Average Days on the Market	115	67
Average Price Per Sq. Ft.	$402	$368
Median Selling Price	$445,750	$620,000
Average Selling Price	$699,591	$714,001
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	26.9	14.2
Condos	Nov-08	Nov-09
New Listings	39	24
Total Listings	159	172
Sales Pending	7	35
Condos Sold	17	29
Listings Expired	27	17
Average Days on the Market	110	86
Average Price Per Sq. Ft.	$377	$377
Median Selling Price	$455,000	$485,000
Average Selling Price	$428,641	$491,121
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	40.5	25.7
Townhomes	Nov-08	Nov-09
New Listings	27	14
Total Listings	68	67
Sales Pending	10	23
Townhomes Sold	5	15
Listings Expired	5	4
Average Days on the Market	36	59
Average Price Per Sq. Ft.	$426	$397
Median Selling Price	$ 575,000	$520,000
Average Selling Price	$ 604,600	$539,267
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	58.9	19.4

Take a look at the inventory of homes for sale vs sold below. The number of available Pasadena homes for sale has decreased by over 50% from September 2008 to November 2009.

 

Also, an intersting chart below graphing the number of newly listed homes in Pasadena to the number of closed sales. November usually seeing the end of year slow down had a spur of sales this year most likely driven by the tax credit and low interst rates.

Pasadena Homes for Sale:

The feeds below are direct from the Multiple Listing Service

Pasadena Homes for Sale $300,000 to $400,000

Pasadena Homes for Sale $400,000 to $500,000

Pasadena Homes for Sale $500,000 to $600,000

Pasadena Homes for Sale $600,000 to $700,000

Pasadena Homes for Sale $700,000 to $800,000

Pasadena Homes for Sale $800,000 to $900,000

Pasadena Homes for Sale $900,000 to $1,000,000

Pasadena Homes for Sale $1,000,000 to $1,200,000

Pasadena Homes for Sale $1,200,000 to $1,400,000

Pasadena Homes for Sale $1,400,000 to $1,600,000

Pasadena Homes for Sale $1,600,000 to $1,800,000

Pasadena Homes for Sale $1,800,000 to $2,000,000

Pasadena Homes for Sale $2,000,000 to $2,500,000

Pasadena Homes for Sale $2,500,000 to $3,000,000

Pasadena Homes for Sale over $3,000,000

 

Pasadena Condos and Townhomes for Sale:

Pasadena Condos and Townhomes for Sale under $300,000

Pasadena Condos and Townhomes for Sale $300,000 to $400,000

Pasadena Condos and Townhomes for Sale $400,000 to $500,000

Pasadena Condos and Townomes for Sale $500,000 to $600,000

Pasadena Condos and Townhomes for Sale $600,000 to $700,000

Pasadena Condos and Townhomes for Sale $700,000 to $800,000

Pasadena Condos and Townhomes for Sale $800,000 to $900,000

Pasadena Condos and Townhomes for Sale $900,000 to $1,000,000

Pasadena Condos and Townhomes for Sale $1,000,000 to $1,200,000

Pasadena Condos and Townhomes for Sale $1,200,000 to $1,400,000

Pasadena Condos and Townhomes for Sale over $1,400,000

To search for your new Pasadena home, and all other homes available in the Greater Los Angeles area please visit Search MLS for FREE.  

If you are thinking of buying or selling your Pasadena home, condo or townhome and would like a free comprehensive consulation. We'd love to meet with you! We can be reached at 626-629-VIEW(8439).

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)629-VIEW (8439)

http://www.pasadenacarealestatehomes.com/00A544

This year, many calls and emails from potential home buyers came in about short sales and foreclosure homes in South Pasadena; every one is looking for that "Real Estate DEAL"! As we begin to evaluate the year that is coming to a close and look ahead for the goals of 2010, for many home ownwership will be at the top of the list. Don't limit your possiblities to foreclosure homes and short sales!

There are South Pasadena homes and condos for sale now that could be purchased for pretty good prices. And... when you are not dealing with banks, but are negotiating directly with home sellers, you can ask for concessions.  For example, wouldn't it be nice to have the home seller buy down your interest rate to make your monthly payment lower?

A great place to start would be with homes, condominiums and townhouses that have been on the market for several months. Most home sellers at this point have either adjusted their home price or are open to negotiation. The houses below have been on the market for over 100 days (over 3 months!). There could be some pretty good deals hiding in there and incentives! With the first time home buyer tax credit still available through April of 2010, why not make your new home dreams a reality! We call them Dusty Deals™!

Here is our Dusty Deals™ list for South Pasadena, California - Find your South Pasadena home:

Read more »

http://www.pasadenacarealestatehomes.com/00A4FB

I was fortunate to attend the National Association of Realtor's (NAR) convention earlier this month in San Diego.  More than 20,000 US real estate agents and over 1,000 international Realtors were in attendance.  It's always an exciting experience to meet agents from around the nation and world to share and learn new real estate practices.

Because of this trip and our goal to constantly improve our real estate delivery services, my real estate team will be implementing the following processes to streamline our home buyer and home seller experience:

1.  We have partnered with DocuSign, an electronic signature service.  No longer will our clients need to worry about faxing and scanning documents when signatures are required.  This service will allow us to not only provide the latest in technology and ease of signature, but will also allow us to respond quicker to both buyers and sellers.  In real estate, where timing is of the essence and a delay can mean a loss of a home, I am very excited to be able to offer this service to our clients.

2.  GoogleVoice - we have set up a GoogleVoice account that will help our real estate customers find us faster and even dial us from the website.  This service will help promote our home seller's listings, capture all buyer calls and just be much more readily available to consumers.  GoogleVoice will also provide us with an auto transcibe service which will help my real estate team document and track all voicemail messages.

3. Open House and Broker Caravan Tour tracking - We are getting ready to roll out a website that will capture photos of homes for sale in the Pasadena and neighboring cities as they are held open first to the real estate community and then to the public.  This website will provide insight into new homes for sale with photos and commentary that is not in the MLS system.

4.  Buyer Home-Buying On-Line Diaries - This service will also be rolled out shortly.  Every home buyer working with me or one of my real estate agents will get their very own on-line home buying diary.  As we visit homes, we'll take pictures, make notations and that will be immediately updated to a password protected website that is accessed only by you (unless of course, you'd like to give access to your friends and family - that's doable too!)  Sometimes when we visit homes after the first two appointments, it gets a little hard to remember what you liked or disliked about the house.  With this service, the experience of buying a home will be more fun and memorable!

Let me know what you think about our new real estate services and we look forward to helping you with your next purchase or sale of your home, condo or townhome.

Read More:  Do you need a buyer's Agent when shopping for your home?

Real estate Forecast and Economy Update for 2010

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

(626)204-3340

 

http://www.pasadenacarealestatehomes.com/00A393

Incredible opportunity to own a townhome in Pacific Palisades. A rare, corner unit with mountain views!

List Price: $685,000 MLS#: 22129972

Year Built: 1978 Bedrooms/Bathrooms: 2 bedrooms and 2.5 baths

Interior Square Footage Data per Assessor: 1,568

HOA (Home Owner Association) Dues - $431

Parking - 2 car attached garage

Amenities - Pool, Spa, Gym, Tennis Courts, Large Balcony with Mountain Views, Two Patios, Cedar Lined Closet, Lots of Storage, Private Security Company patrolling Complex.

Offered for sale by Irina Netchaev, Real Estate Agent

This hard to find, view townhome offers you the best of both worlds. Set in the micro-climate of Pacific Palisades Highlands, this corner unit offers an incredible opportunity to buy in a private, tranquil setting and be next to the beach, Topanga Hiking Trails, Gladstones Restaurant, Self Realization Fellowship Lake Shrine and just minutes away from the fine dining and shopping of the 3rd Street Promenade in Santa Monica!

Set in a tranquil and peaceful environment with winding pathways, lush greenery, pool & spa, sauna, gym, and tennis courts. This oasis is just minutes from the beach, 3rd Street Promenade and hiking trails. Light and bright, this home offers a living room with cathedral ceilings, a fireplace and balcony where you can enjoy mountain views. A formal dining room leads to the kitchen with its own breakfast area and a slider opening to a private patio.

A huge master bedroom suite with a cedar lined walk-in closet, full bath and a sitting area. A wonderful patio connects the Master Suite with the second bedroom serviced by a 3/4 bath. Incredible views and modern architecture! This corner unit is 2 bedrooms and 2.5 baths, perfect for enjoying California living with over-size patio and balcony.

 

 

For additional questions about this Pacific Palisades townhome for sale or to request a private showing, please call Irina at 626-204-3340. To search all available homes for sale in the Greater Los Angeles area, please visit www.SearchMLSforFREE.com

http://www.pasadenacarealestatehomes.com/009D6B