I just came across a chart from my favorite real-time real estate analysis company - Altos Research – analyzing the health of Pasadena California’s real estate market in January of 2006. I thought it would be interesting to compare the above Pasadena real estate snapshot to the one that was just received on December 15, 2008 – almost 2 years later.
Looking at these Pasadena housing statistics side by side, it’s interesting to note the following:
- Median List price is 20% lower in 2008 vs. 2006
- There are properties for as low as $120,000 in 2008. The lowest priced home in January of 2006 was $459,000.
- Average price per square foot of Pasadena homes for sale dropped by 17.6%.
- The available Pasadena home inventory increased by almost 54%!
- It is taking twice as long to market a home now – almost 4.5 months.
- 44% of homes listed expire and have to be relisted by Pasadena realtors compared to only 17% in December of 2006. Main reason for re-listing Pasadena homes is incorrect and overly high pricing.
- Which leads to 2 out of 3 properties needing a price reduction – 40%.
READ More: Pasadena real estate market statistics – October 2008
State of Pasadena Housing Market by Chief Economist of California Association of Realtors
Search for Pasadena homes:
Posted by Irina Netchaev, Pasadena Realtors
Read More: Most expensive homes in Pasadena
Interested in more information about Pasadena and surrounding cities, check out our City Guides below:
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.
See the latest Pasadena homes for sale:
- Tue, 07 Feb 2012 17:17:00 +0000: $1,195,000 :: 475 ALLENDALE RD, Pasadena CA, 91106 - Pasadena Home Search
2 beds, 2.0 baths
Home size: 1,937 sq ft
Lot Size: 7,436 sq ft
Added: 02/28/11, Last Updated: 02/07/12
Property Type: Single Family, Residential
MLS Number: 11510899
Community: Pasadena Se
This Charming English style home is located in the prestigious Madison Heights area of Pasadena. Features include: 2 bedrooms & 2 dens (which can easily be converted into bedrooms) breakfast room, kitchen with all new Viking appliances and new cabinetry, dining room, hardwood floors throughout. Both master bedroom and living room are lit by romantic fireplaces perfect for winter weather. Alley access to garage, plus 2 parking spaces in rear of house and a backyard that's great for entertaining... See private remarks for showing instructions.
Listed with Lou Melazzo, Westside Estate Agency Inc.
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Mon, 06 Feb 2012 23:17:00 +0000: $389,000 :: 501 E DEL MAR BLVD, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 2.0 baths
Home size: 1,138 sq ft
Lot Size: 0 sq ft
Added: 02/06/12, Last Updated: 02/06/12
Property Type: Condominium, Residential
MLS Number: 12580085
Community: Pasadena Se
Located in highly desirable Del Mar Terrace, this gorgeous condo is perfect for the first time home owner. The end unit offers 2 bedrooms suites, 2 bathrooms, loft, dining room, gourmet kitchen w/granite counter tops & maple cabinets and open living room w/skylight & fireplace. A thoughtful floor plan places the bedroom suites on separate sides of the unit ~~~ generous master suite w/spacious, full bathroom & walk-in closet and an adorable guest suite w/full bath. A spiral staircase leads up to the light, bright loft space which could serve as an office, den or study. An abundance of natural light in most rooms affords relaxing, sun-drenched afternoons. Additional qualities include cathedral ceilings, rich dark maple floors, central A/C, inside laundry and all appliances. The gated & secure complex provides an inviting pool, sun deck, patio w/barbeque & two secure parking spaces. Close to Old Town's trendy shops & eateries, Caltech, Pasadena Playhouse & South Lake Business District.
Listed with Thomas Inatomi, Prudential CA - Los Feliz
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Mon, 06 Feb 2012 23:02:00 +0000: $470,000 :: 1623 Bancroft Way, Pasadena CA, 91103 - Pasadena Home Search
3 beds, 2 full baths
Home size: 1,727 sq ft
Lot Size: 8,096 sq ft
Added: 02/05/12, Last Updated: 02/06/12
Property Type: Single Family, Residential
MLS Number: C12016791
Community: Pasadena Nw
Excellent Newer house built in 2005. Open interior floor plan with a stone finish fire place, 2 car garage with direct access, side by side laundry hookup, nice tile floor in kitchen, living room, dinning room, hallway and bathrooms. Newer elaminate hardwood floor in all three bedrooms. very nice size back yard, front and back sprinkler systems, central air and heat, back yard gate can open to Howard St. easy access to 210 and 134 fwy, there is a share easement driveway with other 2 houses in a cul-de-sac.
Listed with JONATHAN VONG, JV GROUP REALTY, INC.
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Mon, 06 Feb 2012 22:40:00 +0000: $699,000 :: 2491 Galbreth Road, Pasadena CA, 91104 - Pasadena Home Search
3 beds, 2 full baths
Home size: 1,616 sq ft
Lot Size: 9,152 sq ft
Added: 01/31/12, Last Updated: 02/06/12
Property Type: Single Family, Residential
MLS Number: 22160944
Community: Pasadena Ne
This charming 3 bedroom/2 ba. home in the desirable Brigden Ranch neighborhood of NE Pasadena,has a turn-key 400 sq. ft. GUEST HOUSE and speaks comfort and homefrom the moment you walk through the front door. Natural lighting, soft colors, hardwood floors and diamond pane windows contribute to the charm and warmth of this home. The living room has a gas fireplace, built in bookcase and double doors that lead to the formal dining room. The master bathroom serves as a relaxing haven with a Jacuzzi bathtub. An extra bonus is a guest house with full bath, gas stove top, farm sink, microwave, refrigerator/freezer and hardwood floors. It is in turnkey condition and ideal for visiting house guests or an office. There is also a 400 sq ft. artist/woodworking studo. The backyard boasts views of the San Gabriel mountains and tranquil gardens. With ample space for an RV, this property is a true find. Welcome home!
Listed with Sylvia Vega, Keller Williams Realty
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Mon, 06 Feb 2012 21:38:00 +0000: $289,900 :: 300 North El Molino Avenue #117, Pasadena CA, 91101 - Pasadena Home Search
2 beds, 1 full bath
Home size: 894 sq ft
Lot Size: 52,521 sq ft
Added: 02/04/12, Last Updated: 02/06/12
Property Type: Condominium, Residential
MLS Number: F12016771
Community: Pasadena Ne
This is not a Short Sale! The property is located in a well maintained condo complex that has a ton of amenities - pool, spa, rec room, BBQ and the list goes on and on. The unit is a clean - move-in condition 2+1 (tax records show a 1+1) that features granite counters, stainless steel appliances, a fireplace, two outside sitting areas, walk-in closets. It is truly turn-key, plus the unit includes a stack-able washer/dryer, and even a refrigerator. ***Bank of America Prequalification required on all offers***
Listed with Ryan La Chapelle (w/ G Bright), G-7 Realty,Inc
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
