Pasadena Real Estate Market Report - April 2014

     

Pasadena is one of my favorite Los Angeles cities. Whenever I'm in the area, I welcome the idea of 'taking a wrong turn' just to stumble upon a new pocket of quaint homes. Between the charming historical neighborhoods to the close proximity to downtown LA, it's no wonder that real estate is strong in Pasadena right now.

DQnews.com released their monthly report tracking Southern California sales and comparing them to last year. Pasadena is in the green on all but one zip code, 91105. 91105 appears to be selling for 20.9% less than one year ago, but there were only 11 sales which isn't a very large sample.

Onto the good news (and there is a whole lot of it):

  • 91103, home to the famous Gamble House, saw 20 homes sell at prices 9.4% higher than last year. Not only is this a good number of homes that sold, but the price increase is consistent to what most of LA county is seeing. Consistency is key!
  • 91106 had the highest number of condo sales (20) in March at prices 24% higher than one year prior. In regards to single family homes, there weren't too many sales (8) but the median priced sale was $1.146 million, which is the highest of all the zip codes (excluding South Pasadena). Fun fact: 91106 is home to the beautiful Father of the Bride house.
  • 91107 had the most single family residences sell of all the Pasadena zip codes (23 total sales) with a median price of $964,000. Prices are up 47.7% from March 2013!

Click here to see how the rest of Pasadena did, as well as other So Cal cities.

Overall, lookin good Pasadena!

 

Del Mar Station, PasadenaPhoto Credit: Del Mar Station, Pasadena by Karen

 

Jennifer Shenbaum

About The Author

Jennifer Shenbaum is a real estate investor based in Southern California. She is a veteran of the housing market crash of 2007. Best of all, she offers free remodeling ideas to all who ask.