Special offer

South Pas Homes For Sale and Market Update South Pasadena

By
Industry Observer CalDRE #01165532

A Look At South Pasadena Homes For Sale and Market Update

 

This is a real estate market activity report for the city of South Pasadena.  In this report I will share closed transactions for the month of August as well as the first
South Pas Real Estateeight months of 2016 with a comparison to those same periods for the previous two years.   I will also include a recap of properties on the market for sale and in escrow. All statistical information has been gathered from our local multiple listing service(mls) and may not include all transactions in the city.

 

South Pasadena(zip code 91030) is a located within the San  Gabriel Valley of Los Angeles County.   There is a small town charm where you can find  tree-lined streets with character homes as well as more modern homes with incredible views in the hills.   The city which is an independent city - not a part of Pasadena - is used extensively in films, television, commercials, video and print media as it can often fit the role as Anywhere USA.  

 

The school district is well-regarded and the library plus its parks and recreation programs are quite popular. Many small independently owned businesses and South Pasadena 91030 Homes For Salerestaurants along with local events further enhance the neighborhood feel of the community.  

 

Known to many locals and fans alike as South Pas, the city is quite convenient to the Arroyo Seco Parkway(110) as well as other freeways and a Gold Line light rail station at Mission and Meridian which is also the home to the weekly Farmers Market.

 

 

South Pasadena Home Sales in August

And What’s On The Market For Sale Now

 

South Pasadena Craftsman Homes

 

  • There were 19 mls-reported closed transactions in August, 2016.  The sales ranged from $718,000 to $2,190,000 with an average closed price of $1,239,426(median sales price $1,185,000).  The sales price to last list price was 104.14% and the price per square foot for the month was $605.01 on average.

 

  • There are 18 homes on the market for sale ranging from $899,999 to $3,200,0000 with an additional 17 properties in escrow.  family homes) on the market for sale ranging from $320,000 to $495,000 with an additional 16 properties in escrow.  A year ago when compiling information for this report, there were 23 homes available for sale.     

 

  • In August 2015, there were also 19 sales reported ranging from $635,000 to $2,225,000with an average sales price of $1,370,224(median $1,260,000).   They sold at 109.42% of last list price and for $645.33 per square foot on average.  

 

  • Two years ago in August, there were eight closed sales  ranging from $720,000 to $1,585,000.

 

South Pasadena Home Sales From January Through August

 

Altos de Monterey Neighborhood in South Pasadena

 

  • In the first eight months of 2016, there have been 90 sales according to our local mls statistics.  These closed transactions range from $652,000 to $4,230,000 with an average sales price of $1,335,574 (median $1,200,000).   So far in 2016, more than 68% of the home sales in South Pasadena have been at or above their last list price for an average of 104.10%.  The average price per square foot for the year-to-date period stands at $618.72.  

 

  • In the same January through August period in 2015, there were 89 mls-reported sales.  These transactions ranged from $400,000 to $4,345,000 with an average sales price of $1,329,510(median price $1,225,000).  They sold at 104.32% of last list price and for $607.80 per square foot on average.

 

  • During the same period in 2014, there were 81 homes sold in South Pasadena ranging from $496,854 to $3,745,000 with an average sales price of $1,161,533(median $1,075,000).   The properties sold at 104.21% of last list price and for $631.00 per square foot on average.   

 

In Summary

 

Estates in South Pasadena

 

Available inventory of properties for sale remains a challenge but sellers need to remain mindful that proper pricing and presentation are critical to a successful transaction - especially when a listing is newly available to the marketplace.  Today’s buyers are quite savvy as to value as they may have lost a property(or two or five) in a multiple offer situation.  The numbers are important but delving beyond the statistics is advised when a prospective buyer is crafting an offer or a homeowner is selecting the appropriate list price.  

 

There are nuances for selling and buying in any neighborhood that require greater discussion and analysis.   Location within the city, as well as upgrades(or lack thereof) and emotional appeal are just some of factors that need discussion.   If you would like to know more about South Pasadena Hills real estate,  I can be reached at 818.516.4393 cell.    Let’s talk about what is important to you.

 

Published:   September 6, 2016

 

A Look At South Pasadena Homes For Sale and Market Update

 

Posted by

Michael Jacobs

 

CalBRE # 01165532

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

Comments (20)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Michael Jacobs,

You are right to point out there are nuances for selling or buying in South Pasadena Hills. You are the agent to call for an insightful conversation and representation.

Sep 05, 2016 08:58 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

When it comes to South Pasadena real estate, Michael Jacobs is the one to call.

Sep 05, 2016 09:30 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Michael Jacobs and the numbers continue to rise and those wise homeowners gained equity...it's never too late to jump in and join that group of equity owners.... be one.... call Michael Jacobs for guidance with that task...

Sep 05, 2016 09:32 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Michael, Nice introdution to South Pasadena home market. Looks like a lovely area for buyers wanting to live in the area.

Sep 05, 2016 10:03 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

 I hope that you have lots of traffic from your market reports. You are very productive with these!  Buyers and sellers should definitely contact you Michael Jacobs - 

Sep 05, 2016 10:29 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Michael. In the Pasadena area all one needs to know buying or selling real estate is your phone number! Enjoy your day!

Sep 05, 2016 11:09 PM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, the small town charm would be a big selling point for me in South Pas. It looks so welcoming and well maintained. Your local knowledge shines and there's no one else I'd consider contacting for South Pasadena real estate needs. You are the expert.

Sep 05, 2016 11:53 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

Another wonderful report on the South Pasadena market.  You have a way of enchanting us with each neighborhood you cover.  Wishing you a great week. A

Sep 06, 2016 02:05 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, great update on South Pas. I love saying that. Your photos and documentation are truly excellent.

Sep 06, 2016 02:46 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

South Pas sounds like a very desirable area for many California home buyers.  Great update with very useful statistics.

Sep 06, 2016 03:16 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your market reports are phenomenal and I always learn so much about your area from them, South Pas sounds like such a great place to live!

Sep 06, 2016 05:34 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Thanks so much for stopping by and your kind comments for this market update of homes for sale(and sold) in the city of South Pasadena.   I appreciate it.  

Sep 06, 2016 06:11 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - This is excellent information for anyone with an interest in South Pasadena real estate - your extensive knowledge of this market would be a very helpful resource for them.

Sep 06, 2016 06:15 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Hi Michael, you are the best. Can't imagine anyone wanting another other agent to represent them in their real estate needs in Pasadena. Buying or selling-you've got it figured out. 

Sep 06, 2016 07:02 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, you're so right with your advice to all sellers, pricing and presentation are critical when selling a home, they can achieve both by contacting you to list their South Pasadena home. Buyers are in great hands as well when they contact one of the best Realtors in Pasadena, Michael Jacobs 

Sep 06, 2016 07:44 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The South Pasadena California is enjoying a strong 2016 real estate market.

Good luck and success.

Lou Ludwig

Sep 06, 2016 12:07 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - Excellent real estate update for the South Pasadena Home market. I hope buyers and seller call you for more help with their real estate needs!

Sep 06, 2016 05:51 PM
Roy Kelley
Retired - Gaithersburg, MD

South Pasadena home sellers will be in very good hands when they select you as their listing agent.

Sep 06, 2016 11:42 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Thanks very much for your comments on this update for South Pasadena real estate.  

Sep 07, 2016 01:02 AM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Buyers and Sellers in the South Pas area should be aware of the reports that you provide for them - great descriptions and information on current listings, as well as trending info with sales from a year ago.

Sep 11, 2016 01:26 PM