In the heart of Pasadena's Playhouse District, this beautiful pennthouse condo is available for sale.  Built in 2004, with 1,630 sq. ft. of living space, it is not to be missed.  Please take a look at our Virtual Show and visit Quattro Blu Penthouse for sale for more information!

More condos for sale in Quattro Blu can be found below or by clicking on the Quattro Blu Condos for Sale link:

If you have any questions or are interested in getting more information on selling your Quattro Blu condominium, give us a call at 626-629-8439.

Those of you that know me, would agree with me that I'm a data geek.  I love numbers especially real estate numbers.  Looking at the past and present home sales performance helps us understand what the future has in store for us.

This month, I thought I'd take you on a historical journey of Pasadena's real estate sales focusing on Single Family Homes only.  Having said this, please note that Pasadena is a huge city with over 145,000 residents and 54,000 housing units based on the 2006 US Census.

As with any real estate transaction, local data speaks more accurately than general information.  So, if you are interested in buying a home in Pasadena or need a more detailed analysis as to what your Pasadena home is worth, just send me a quick email or call for specifics relevant to you.

READ MORE:  Pasadena City Guide

However, below is the general overview of Pasadena real estate market activity which will give you a pretty good sense as to what is happening with our home sales. I focused on the more critical statistics:

1. Average Price of a Home Sold In Pasadena - July of 2007 saw the top of the market at $966,000.

2. Median Price of a Home Sold In Pasadena - Again brings us to July of 2007 where 1/2 the homes sold were under $779,000 and the other 1/2 over $779,000.

3.  Average Price per Square Foot of Homes Sold in Pasadena - Both 2006 and 2007 were at $493.

4.  How long does it take to market and sell a Pasadena home - Lowest # of day was 33 in July of 2005

Pasadena Real Estate Market Performance for July 2000 throuh July 2010:

Some additional statistics/observations:

• Overall, average price per square foot for Pasadena homes increased by 65.2% over the alst 10 years!  Quarter to Quarter (April 2010 to July 2010), the price per square foot remained relatively unchanged.  This means that the summer activities did not give Pasadena home sellers the increase that we usually see during the most busiest real estate period of the year.
• The volume of sales units - homes sold in Pasadena - has decreased by 28.7% from 10 years ago to now.  July of 2000 saw 108 home sales and July of this year, we had 77 Pasadena home sales.  Folks are holding on to their homes and the inventory is still low.  Nice homes in desirable locations are quite a bit in demand and sell fairly quickly.
• In July of 2000, on average homes sold around 98% of asking price.  Last month, Pasadena homes sold around 95% of asking price
• Foreclosures are still not hitting the market in quanitities expected.  Again, July of 2010, shows us that many auctions have been cancelled or delayed in Pasadena.  See the graph below:

As always, I am including a list of homes for sale below. You can also click on the Pasadena California Homes for Sale post for the most up to date list of all available homes.

If you have any questions, you can find me on Twitter @pasadenaviews or just give me a call at 626-629-8439.

UPDATE!  Drum Rolls Please...........

And... Pasadena Views Blog is the official People's Choice Winner!!!!!  Thanks to everyone who voted for making us #1!!!!

What a week! First, I was invited to present to Realtors® from all over California at the annual California Association of Realtor's convention. It's quite an honor since only one other "working" real estate agent has been invited, my co-presenter, Ted Mackell of Simi Valley Real Estate.

Immediately following the announcement, I was notified that our real estate blog has been nominated for "People's Choice Award for Best Real Estate Blog in Pasadena". This contest is being held at www.Zillow.com.

So... If you are enjoying this blog, please VOTE by clicking on the link below and selecting PASADENA VIEWS! We so appreciate your help and the recognition!!!!

We need every one of your votes!!!!

THANKS to all our loyal readers!!!!!

Langham Hotel, previously known as the Pasadena Ritz Carlton, is surrounded by some of the most beautiful luxurious estates in Pasadena and San Marino.  So, if you are curious to see what's available in the Langham Huntington Hotel Neighborhood, let's take a look at a couple of homes I previewed today.

1535 Kenmore Road, Pasadena

My personal favorite of the tour.  This 4 bedroom, 3 bath home is right around the corner, on a cul-de-sac, with a tranquil and peaceful back yard. 

Per Listing Agent:  An entry is a journey, & architect Miller Fong has employed harmony, flow & spatial dynamics to guide us into his own stylish contemporary world. This striking residence is open & livable w/ a flexible floor plan, walls of glass & remarkable vistas. On entering, a serpentine wall leads past a spacious den w/ fireplace towards the great room w/ generous seating area, fireplace, dining space & fantastic kitchen w/ newer stainless appliances. The materials are exciting: a mosaic tile backsplash is juxtaposed against a polished, stained concrete floor; marble counters are a foil for sponged walls; & natural skylights contrast w/ European, low voltage cable strung lighting. A convenient guest bath & laundry are adjacent. The master suite offers a grand picture window, a spectacular bath w/ Jacuzzi tub & wall-less garden shower & a dream dressing room that shares the entry's dramatic serpentine wall. 3 additional bedrooms, a handsome bath & extensive patio space complete this exquisite home.

Listed with Tink Cheney, Coldwell Banker

830 Huntington Garden Drive, Pasadena California

This home is right behind the Langham on the magical Huntington Garden Drive.

Per Listing Agent A traditional Cape Cod near the Langham Hotel on a quiet street. The lovely kitchen is updated with granite counters and newer appliances. A large bedroom suite is on the same floor level with the living room, the dining room, & kitchen. The living room is special living space with an elegant fireplace, and views over the pool. The family room is downstairs with bathroom, and 3 bedrooms with access to pool area and gardens. There is a stone patio, a wood deck and grassy area with a beautiful pool. The bathrooms are marble with granite counters hardwoods and limestone floors.

Listed with Monica Wilson (w/ Janet Fitzgerald), Coldwell Banker

445 Buena Vista Street, San Marino California

Close enough to the Langham, but just a few blocks away from San Marino's Mission District and infamous Julienne's Restaurant.  The best of both worlds!  In conversation with the listing agent, this property is not expected to be available for longer than a week or so.  Multiple offers expected.

Per Listing Agent: FABULOUS MONTEREY COLONIAL HOME IN THE POPULAR MISSION DISTRICT. A WONDERFUL NEIGHBORHO0D NEAR PASADENA & SOUTH PASADENA,PLUS EASY ACCESS TO THE 110 FREEWAY.Y0U WILL LOVE THIS LOCATION. DON'T MISS THIS LOVELY SPACIOUS, REMODELED HOME; IT'S A TRUE GEM. GREAT 3RD FLOOR LOWER LEVEL WITH A FIREPLACE, 2 WINDOWS, BUILT-IN CUPBOARDS, AND NEWER CARPET.A PERFECT AREA FOR A MEDIA ROOM OR RECREATIONAL AREA.

Listed with Linda O'Neal, Dilbeck Realtors

1335 Saint Albans Road San Marino

This home is also in San Marino known for its #1 rated California Public Schools.  It is almost across the street from Lacy Park with its rose garden and tennis courts.  If you're looking for a Mid-Century this luxury property might be for you.

Per Listing Agent - A spacious one story mid century home situated on over 1/2 acre (25,200 sq.ft.) in one of the most desirable San Marino locations, adjacent to Lacy Park and the Huntington Library. Enter this beautiful home through Chinese fret work entrance. This home features 4bed, 3ba., powder room, large living room with raised marble fireplace, formal dining room, kitchen with breakfast area, charming wood paneled family room with built in book shelves, corner fireplace and wet bar, a grand sized multipurpose garden room overlooking and opening out to rear patio gardens and pool. The exquisite professionally landscaped front and rear gardens featuring oversized resort style pool, specimen trees: palms, bamboo, foliage plantings and ferns, rear patio, private rear deck, two 2-car detached garages, all add to and extend the livability of the San Marino residence.

Listed with Linda Chang (w/ Brent Chang), Coldwell Banker

Listing information for properties above is deemed reliable but not guaranteed. Read full disclaimer.

Take a look at some of the other San Marino homes for sale below:

For specific details of the home above, please visit San Marino Luxury Homes For Sale.

IRINA NETCHAEV & ASSOCIATES

PasadenaViews Real Estate Team

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)

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):

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.

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

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com

(626)629-VIEW (8439)