There’s nothing like a visual representation as to what is going on in Pasadena‘s real estate market. The trends are easier to spot, especially when reviewing long term data. The graph below is for the period of 14 months. It’s interesting to note that May of this year showed a significant turn around in the prices of homes sold at $770,000 on average, almost the same as last year in August.
When reviewing real estate data, always keep in mind that the housing statistics for a particular month show data that is a few months old. For example, if we are looking at a Pasadena home sale that sold in July of 2009, same house probably was listed for sale sometime in April or May, received an offer and was in an escrow period of 30 to 45 days.
Pasadena Real Estate Home Sales Statistics for June 2009 through August 2009:
As the summer comes to an end, we’re seeing less housing inventory coming on the market from the high of 93 new home listings in June to 56 in August. Number of home sales decreased by about 20% from July to August, but the price per square foot held as well as the average house selling price increased to $779,146.
Overall, I’m seeing a lot of buyers in the $400,000 to 600,000 price range that are looking for Pasadena houses. As a home comes up that is well priced, multiple buyers bid and multiple situations are quite common.
| Single Family Residence | Jun-09 | Jul-09 | Aug-09 |
| New Listings | 93 | 59 | 56 |
| Total Listings | 313 | 276 | 257 |
| Sales Pending | 111 | 111 | 91 |
| Homes Sold | 68 | 101 | 80 |
| Listings Expired | 31 | 22 | 20 |
| Average Days on the Market | 193 | 65 | 75 |
| Average Price Per Sq. Ft. | $408 | $376 | $374 |
| Average Selling Price | $881,754 | $712,909 | $779,146 |
| Median Selling Price | $660,000 | $599,000 | $645,000 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 19.9 | 11.8 | 13.9 |
| Condos | Jun-09 | Jul-09 | Aug-09 |
| New Listings | 38 | 48 | 50 |
| Total Listings | 152 | 168 | 171 |
| Sales Pending | 44 | 51 | 50 |
| Homes Sold | 39 | 34 | 28 |
| Listings Expired | 29 | 18 | 24 |
| Average Days on the Market | 155 | 91 | 91 |
| Average Price Per Sq. Ft. | $330 | $339 | $360 |
| Average Selling Price | $420,436 | $462,626 | $457,211 |
| Median Selling Price | $430,000 | $459,000 | $448,500 |
| Absorption Rate (# of weeks to sell current inventory at present rate of sales) | 16.9 | 21.4 | 26.5 |
Data above is from the Pasadena Multiple Listing Service (ITEC).
The graph below shows that Pasadena’s house inventory is moving towards a seller’s market. A buyer’s market is when there is 6 months of inventory or more. Anythign under 6 months is in the seller’s market category.
If you are interested in seeing what homes are available for sale in Pasadena, take a look at real time house listings below.
- Fri, 03 Feb 2012 18:23:00 +0000: $399,000 :: 101 North GRAND Avenue #21, Pasadena CA, 91103 - Pasadena Home Search
2 beds, 2 full baths
Home size: 1,326 sq ft
Lot Size: 1,314 sq ft
Added: 01/06/12, Last Updated: 02/03/12
Property Type: Condominium, Residential
MLS Number: K12002593
Community: Pasadena Nw
The price of this listing was last reduced on 2/3/2012 by 9%
****VERY UNIQUE REMODELED CONDO WITH A GREAT VIEW OF PASADENA WITH ARROYO SECO/BRIDGE VIEW, WRAP AROUND BALCONY**** STANDARD SALE *** ***Seller considering offers from $399K - $449K*** ***STANDARD SALE!!!*** VIEWS, VIEWS, VIEWS and one of the largest wrap around BALCONY!! NEW REMODEL JUST COMPLETED ON THIS FABULOUS POST MODERN UNIQUE AND GIANT CONDOMINIUM, property is a TURNKEY & ready to move right in. This property has been UP-GRADED with **NEW FRIGIDAIRE GALLERY GAS SELF CLEANING,** NEW CONVECTION RANGE,** NEW DISHWASHER,** NEW VENTED MICROWAVE/HOOD. **BRAND NEW SQUARE EDGE CABINETS throughout, **NEW GRANITE COUNTER TOPS,***NEW TIMELESS SUBWAY TILES in both baths, **NEW TRAVERTINE TILE FLOORS IN KITCHEN, **BATHS, AND FIREPLACE SURROUND,FRAMELESS GLASS TUB/SHOWER ENCLOSURE IN MASTER, REFINISHED WOOD FLOORS THROUGHOUT MOST OF THE HOME, FRESHPAINT AND MUCH MUCH MORE. EASY ACCESS TO OLD TOWN PASADENA, ROSE BOWL & COLORADO BRIDGE. MUST SEE!!! EASY TOSHOW!!! **COMPLEX IS NOT APPROVED FHA** SEE REMARKS FOR MORE INFO AND SHOWING INSTRUCTIONS ***
Listed with Marc Zaffina, Griffin Real Estate, 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! - Fri, 03 Feb 2012 18:03:00 +0000: $210,000 :: 355 South Madison Avenue #311, Pasadena CA, 91101 - Pasadena Home Search
1 bed, 1 full bath
Home size: 694 sq ft
Lot Size: 0 sq ft
Added: 01/03/12, Last Updated: 02/03/12
Property Type: Condominium, Residential
MLS Number: 22159868
Community: Pasadena Se
Top floor corner unit with one common wall. Newer upgraded carpets and new flooring in kitchen and bath. Newer stainless steel kitchen appliances. Large oversized closets in master bedroom and hall. Bathroom has separate shower and tub. Newly painted interior. Security building with subterranean parking(1 parking space). Private deck off living room. Association (pool, spa, BBQ, rec room and gym). Close to shopping, banks, Old Town, El Paseo, and Gold Line.
Listed with Jan Thornton, Prudential California 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! - Fri, 03 Feb 2012 17:47:00 +0000: $499,000 :: 1275 North Mentor Avenue, Pasadena CA, 91104 - Pasadena Home Search
2 beds, 1 full bath
Home size: 1,118 sq ft
Lot Size: 8,525 sq ft
Added: 02/03/12, Last Updated: 02/03/12
Property Type: Single Family, Residential
MLS Number: 22161055
Community: Pasadena Ne
This picture perfect 1914 Craftsman Bungalow sits in the beautiful and prestigious Bungalow Heaven Historic Landmark District. Past owners ensured this piece of Pasadena history retained all its original charm during a remodel in 2000-from the wrap around porch, river rock chimney, exposed rafter tails, and gable roof, to the pocket doors, picture rails, built in cabinets and meticulously landscaped front yard, this home reflects both the charm of a traditional Craftsman residence and the appeal of updated luxury. A den adjacent to the second bedroom could be a nursery or 3rd bedroom. Great for entertaining with open floor plan, flagstone patio, and peaceful outdoor sitting areas. The remodel included updated electric, copper plumbing, security system, refinished hardwood floors in the bedrooms and bath, new central air/heat, automatic sprinklers, and new period light fixtures throughout the house. There's also an oversized 2-car detached garage and a large,flat, enclosed yard.
Listed with Cheyenne Wilbur, Podley Properties
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 17:01:00 +0000: $751,000 :: 1444 North Grand Oaks Avenue, Pasadena CA, 91104 - Pasadena Home Search
3 beds, 2 full, 1 part baths
Home size: 2,184 sq ft
Lot Size: 6,989 sq ft
Added: 11/07/11, Last Updated: 02/03/12
Property Type: Single Family, Residential
MLS Number: 22158414
Community: Pasadena Ne
The price of this listing was last reduced on 2/2/2012 by 1%
This remodeled revival home in the popular Presidents streets area boasts the ultimate in flexibility: an attached unit. The unit can be incorporated into the home (as it was when the current owner bought in 1994), or kept separate. Main house: 1,551 sqft 2 bed home. Attached 633 sqft 1 bedroom guest house shares a wall with the dining room and has a separate entrance from Garfias and its own private patio. A door can be added in the formal dining room to make this a large family home. Great for an extended family, or even rental income of $1,300/mo. Both units have large remodeled kitchens, all bathrooms with imported stone, an abundance of natural light with many skylights, and many well designed bonus features. Main house includes a finished 233 sqft attic, 232 sqft of storage, and a 2 car garage with workshop. Sold with a Fidelity Home Warranty and termite clearance. Standard sale. Also listed as income property MLS #22158426.
Listed with Michael Bell (w/ Kevin Peters), 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! - Fri, 03 Feb 2012 16:52:00 +0000: $739,800 :: 3564 Thorndale Road, Pasadena CA, 91107 - Pasadena Home Search
3 beds, 1 full, 1 part baths
Home size: 2,033 sq ft
Lot Size: 9,141 sq ft
Added: 11/09/11, Last Updated: 02/03/12
Property Type: Single Family, Residential
MLS Number: 22158477
Community: Pasadena Se
The price of this listing was last reduced on 12/7/2011 by 5%
This lovely single level traditional home is located in the heart of Chapman Woods with fabulous curb appeal.An inviting brick pathway and courtyard leads to this charming home.Elegant living room is highlighted with a handsome marble surround fireplace, built in shelves, crown molding and recessed lightings. Light filled den/family room with lovely light fixtures and view of grassy back yard through wall of French doors and windows.Dining room features wainscoting and ceiling fan. Updated kitchen with white on white tiled counter tops and cabinets.3 spacious bedrooms; each bedroom has large closet with built-in dresser and shuttered windows. Updated baths include one full bath with custom vanity and a three-quarter bath with marble counter top and designer tiled floor.Play room behind the laundry area features brick floor, ceiling fan and French door opens out to the brick patio. The private rear yard with wood fences has large grassy area.
Listed with Sabrina Wu (w/ Michael Trujillo), Coldwell Banker
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
For specific Pasadena property details, feel free to search all Pasadena homes for sale and all Pasadena condos and townhomes for sale.
Many home buyers are looking for deals and are curious to see if there are any foreclosures available for sale in Pasadena. Foreclosure propertie are actually REO or real estate owned. Quite simply, these are homes, condos or townhomes owned by banks and sold at a lower price.
A list of all Pasadena foreclosures for sale below:
- Fri, 03 Feb 2012 14:51:00 +0000: $184,000 :: 65 North Allen Avenue #219, Pasadena CA, 91106 - Pasadena Foreclosure List
1 bed, 1 full, 1 part baths
Home size: 923 sq ft
Lot Size: 52,158 sq ft
Added: 01/19/12, Last Updated: 02/03/12
Property Type: Condominium, Residential
MLS Number: A12008998
Community: Pasadena Sw
Bright and Light 1 bedroom, 1.5 bath condo with new paint, cozy fireplace, large balcony, nice size living room, dining room, lots of closet space and walk-in closet. Complex features sparkling pool with large deck and laundry area on each floor. All information deemed reliable, but not guaranteed. Buyer to verify.
Listed with Jeffrey Russell, Real Estate Alliance
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 13:41:00 +0000: $269,900 :: 160 South Hudson Avenue #405, Pasadena CA, 91101 - Pasadena Foreclosure List
1 bed, 1 full bath
Home size: 737 sq ft
Lot Size: 29,824 sq ft
Added: 12/29/11, Last Updated: 02/03/12
Property Type: Condominium, Residential
MLS Number: F11164641
Community: Pasadena Se
Top floor penthouse style condo in newer CONCIERGE building in best area!! This light & bright condo features: fireplace, granite counters, in-unit laundry, Balcony and so much more! Needs new carpet and paint. See Agent remarks.
Listed with Phil Boroda (w/ Steven Heravi), Coldwell Banker
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Fri, 03 Feb 2012 12:19:00 +0000: $239,900 :: 986 N Summit Ave, Pasadena CA, 91103 - Pasadena Foreclosure List
3 beds, 1 full, 1 part baths
Home size: 1,500 sq ft
Lot Size: 12,010 sq ft
Added: 02/01/12, Last Updated: 02/03/12
Property Type: Single Family, Residential
MLS Number: R1200592
Community: Pasadena Nw
Tract: 0 (OTHR)
Bank owned. Sold for 460K in 2005. Fixer on amazing pancake-flat 60x200 lot on quiet tree lined street. Priced for land value. Public records show 2 houses but only one is left: 2 beds + den, 1.5 baths. Cash offers only please.
Listed with Leo Nordine, Leo Nordine Realtors
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Thu, 02 Feb 2012 15:23:00 +0000: $674,900 :: 1541 N RAYMOND AVE, Pasadena CA, 91103 - Pasadena Foreclosure List
6 beds, 5.0 baths
Home size: 3,199 sq ft
Lot Size: 16,160 sq ft
Added: 11/30/11, Last Updated: 02/02/12
Property Type: Single Family, Residential
MLS Number: 11569165
Community: Pasadena Nw
The price of this listing was last reduced on 2/2/2012 by 4%
Gorgeous 6 Bedroom / 5 Bath home with tons of original character. Cross the large front porch and into the spacious entryway. To the right you'll find the formal dining room with built ins and family room with fireplace. The large living room has a fireplace as well. The updated kitchen features lots of cabinet space, stainless steel range and dishwasher and granite counters. A bedroom and bath complete the downstairs. Up the grand wooden staircase with carved accents you'll find 5 more bedrooms and 4 baths, each flooded with light and offering ample closet space. The lush back yard has a sparkling pool and lots of room for entertaining. This is a must see! Info herein is not verified by agent. Buyer to verify all info & rely on their findings. Offers must be submitted on CAR form w/pre-approval (NOT pre-qual), copy of earnest money check, proof of funds & agency disclosure. For guarantee receipt of your offer check private remarks for submission instructions.
Listed with Joyce Essex Harvey, Coldwell Banker-BH North
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com! - Thu, 02 Feb 2012 10:39:00 +0000: $208,900 :: 1430 FOREST AVE, Pasadena CA, 91103 - Pasadena Foreclosure List
2 beds, 1.0 baths
Home size: 582 sq ft
Lot Size: 4,380 sq ft
Added: 12/28/11, Last Updated: 02/02/12
Property Type: Single Family, Residential
MLS Number: 11572337
Community: Pasadena Sw
The price of this listing was last reduced on 1/19/2012 by 3%
Opportunity knocks at being able to own a little piece of Pasadena at this amazing price with this phenomenal fixer upper! Great location on a corner lot, conveniently located across the street from Cleveland Elementary School and less than one mile from The Rose Bowl Stadium. Garage gas been converted making this much larger than 582 sq. ft., walk into the living room with a connecting bonus room, both bedrooms on opposite ends with windows facing the front of the house, spacious kitchen with separate dining area with windows; features partial double pane windows, ceiling fans and tile flooring throughout! Bring your paint brush, some creative imagination and don't miss out on making this your first home or next great investment!
Listed with Mario Banuelos, Alliance Asset Advisors
Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
To see all foreclosure property details, click on Search all Foreclosures in Pasadena.
Read More:
9 Stupid Things Buyers do to mess up their home purchase
The fastest way to lose your earnest money deposit
Real Estate Market Reports for July 2009
Homes for Sale Information:
South Pasadena Foreclosure Home List
If you are thinking of buying or selling your home, 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
