Home sales in South Pasadena have been stable over the last few months with 13 single family homes sold in June and July and 11 in May. New listings are in the dozen range each month this summer.
READ THE LATEST SOUTH PASADENA REAL ESTATE REPORT HERE
Two new condo complexes went up for sale in July, thus increasing the number of available condos by 200% since June. I have been able to preview the complex on El Centro in the Mission District of South Pasadena. It has a very urban feel and look with open spaces, cement floors and exposed venting. It very much reminds me of the Prado building in Pasadena only on a much smaller scale. Even though it’s new construction, in my opinion it’s priced a bit high, at $400 to $500 per square foot, for its location right next to the Gold Line and a very spartan feel.
The other complex is at 815 Fairview Avenue also priced in the low to mid $400 per sq. ft. and built in 2009. featuring 1 bedroom with 2 bathrooms.
Given that only 4 condos and townhomes out of 22 new listings are resales and priced affordably, the choice for South Pasadena condo buyers is very limited unless you are looking for new construction and are willing to pay a premium.
It’s interesting to note that the real estate sales activity has increased dramatically from January to June. Take a look at the chart below:
South Pasadena Real Estate Statistics April 2009 through July 2009:
| Single Family Residence | Apr-09 | May-09 | Jun-09 | Jul-09 |
| New Listings | 18 | 12 | 11 | 14 |
| Total Listings | 41 | 50 | 41 | 39 |
| Sales Pending | 9 | 20 | 19 | 21 |
| Homes Sold | 5 | 11 | 13 | 13 |
| Listings Expired | 5 | 2 | 0 | 3 |
| Average Days on the Market | 56 | 61 | 55 | 92 |
| Average Price Per Sq. Ft. | $496 | $465 | $504 | $465 |
| Median Selling Price | $953,000 | $899,000 | $1,205,000 | $768,000 |
| Average Selling Price | $843,380 | $990,636 | $1,197,370 | $905,477 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 35.5 | 19.7 | 13.7 | 13.0 |
| Condos and Townhomes | Apr-09 | May-09 | Jun-09 | Jul-09 |
| New Listings | 1 | 4 | 7 | 22 |
| Total Listings | 12 | 13 | 12 | 34 |
| Sales Pending | 1 | 4 | 7 | 7 |
| Homes Sold | 1 | 2 | 4 | 3 |
| Listings Expired | 3 | 1 | 2 | 0 |
| Average Days on the Market | 67 | 29 | 34 | 152 |
| Average Price Per Sq. Ft. | $336 | $318 | $364 | $326 |
| Median Selling Price | $590,000 | $451,500 | $572,500 | $397,500 |
| Average Selling Price | $590,000 | $451,500 | $576,875 | $370,333 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 52.0 | 28.2 | 13.0 | 49.1 |
Real estate data for South Pasadena from Pasadena Foothill Association of Realtors Multiple Listing Service (ITEC)
READ MORE: South Pasadena Five Year Real Estate Review
See all South Pasadena property in the Multiple Listing Service (MLS) below:
- 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!
Please visit South Pasadena homes, condos and townhomes for sale for additional property details.
READ MORE:
Pasadena Foreclosure Home List
South Pasadena Foreclosure Home List
If you are thinking of buying a South Pasadena home, South Pasadena condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-629-8439.
IRINA NETCHAEV & ASSOCIATES
Pasadena Real Estate Agents
Pasadena, California
