Casa Pasadena Condos at 1127 East Del Mar Boulevard

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://activerain.com/droplet/4XvL

Casa Pasadena Condos at

1127 East Del Mar Boulevard

 

This is a real estate market activity report for the Casa Pasadena condominium complex located at 1127 East Del Mar Boulevard.   In this report, I will share information regarding sales so far in 2016 with a comparison to closed transactions for the previous three years.  Statistical information has been gathered from our local multiple listing service(mls) and may not include all sales in the complex

 

Casa Pasadena was built in 1967 as apartments and later converted to condominiums.  Its convenient location at the northeast corner of Wilson Avenue and Del Mar Boulevard is just north of the California Institute of Technology
(Caltech) campus.  In addition to Caltech, Casa Pasadena is close to numerous shopping and dining destinations plus abundant culture, entertainment and 1127 East Del Mar Boulevard Pasadenarecreation. Multiple freeways and the Gold Line light rail station at Lake Avenue are easily accessible.   

 

The Casa Pasadena complex is divided into four buildings where there are 107 spacious single level condominiums with one bedroom/one bath or two bedroom/two bath floor plan.  Each condo has a large patio or balcony area.   Two bedroom units have fireplaces.   The numbering of units can be a bit confusing to the uninitiated guest:  the first number of the unit is the building number, the second number is the floor where the unit is located and the last number identifies the location on that floor.

 

Common area amenities of the gated complex include a large courtyard with pool, spa, lounge area, barbecue area and recreation room.  The grounds are lushly landscaped.  Laundry facilities are convenient with washer-dryers on each floor of the four three story buildings.   Parking is underneath the complex accessed off Blanche Street.

 

Casa Pasadena Condos Close To Caltech

 
  • There are currently no condos available for sale at Casa Pasadena with a two bedroom unit in escrow.  So far in 2016, each of the four mls-reported sales have been two bedroom floor plans.  These closed transactions range from $415,000 to $493,000 with an average sales price of $447,750(median sales price $441,500).  They have sold at 100.79% and $343.25 per square foot on average year-to-date.  

 
  • 2015 was a particularly active year in the complex with ten sales reported. Those transactions, in a variety of sizes, ranged from $330,000 to $475,000 with an average price of $413,900(median $445,000).  All but two sold at or above their last list price for an average 100.91% for the year.  The average price per square foot was $377.71 in 2015.

 
  • In 2014, there were six reported transactions ranging from $320,000 to $458,000 with an average price of $378,083(median $352,500).  They sold at 100.84% and for $383.06 per square foot on average.

 
  • For full year 2013, there were seven sales ranging from $275,000 to $460,000 with an average sales price of $331,000(median $300,000).  They sold at 98.34% of last list price and for $335.21 per square foot on average.  

 
1127 East Del Mar Boulevard Pasadena
 
 

As with any market report, additional details will be necessary regarding either the most appropriate list price for a homeowner who may be thinking of selling or when a prospective buyer in crafting an offer strategy to purchase.  There are many variables that come into play in analyzing the nuances that exist including location within the complex, updates(or lack thereof), emotional appeal and timing.  Of course, the mix(the size of the units) of sales in any given period is a consideration as well.

 

If you would like more information regarding Casa Pasadena or any Pasadena real estate, please contact me at 818.516.4393 cell.  Let’s discuss what is important to you.

 

Published:   November 17, 2016

 
 

Casa Pasadena Condos at

1127 East Del Mar Boulevard

 

 

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Rainmaker
3,640,144
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

What an enchanting description of Casa Pasadena.  Although there are no available condos at the moment, should anyone want to sell their,  they should contact you ASAP.  A

Nov 17, 2016 07:18 AM #1
Rainmaker
1,359,112
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, Casa Pasadena Condos at 1127 East Del Mar Blvd sounds like a great place to call home, most residents would agree based on market statistics. Owners thinking about selling should take advantage of no availability and contact you. When selling or buying in Pasadena CA, you are the real estate agent to call.

Nov 17, 2016 07:28 AM #2
Rainmaker
1,347,923
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

This is a fantastic property. Thank you for sharing and best of luck!

Nov 17, 2016 08:20 AM #3
Rainmaker
3,232,024
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

Casa Pasadena Condos in Pasadena California is a great condo community to call home.

Good luck and success.

Lou Ludwig

Nov 17, 2016 09:56 AM #4
Rainmaker
4,151,322
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael.  Thanks for the information and update of the Casa Pasadena condo real estate market.

Nov 17, 2016 08:32 PM #5
Rainmaker
1,446,442
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

This is such helpful information to share with consumers! I am sure it will make the phone ring for you. 

Nov 17, 2016 08:46 PM #6
Rainmaker
1,883,819
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Casa Pasadena looks like a nice place and since there are currently no condos for sale there, I would think that if someone needed to sell, it would sell quickly!

Nov 17, 2016 09:17 PM #7
Ambassador
1,533,167
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

It would be a good time to sell a condo at Casa Pasadena with Michael Jacobs. :) Another well-written report that should be of great value to buyers, and sellers. The take-away - hire the guy with the expertise and market knowledge if you want the best outcome.  

Michael Jacobs

Pasadena CA Real Estate 818.516.4393 Cell
Nov 17, 2016 11:40 PM #8
Rainmaker
1,962,216
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

You never run out of condos in Pasadena, do you, Michael? I mean, it seems like you could prepare condo market reports for Pasadena every single week and not run out of condos to write about. Between complexes like Casa Pasadena that are apartment conversions to condos actually built as condos, I've sure been learning a lot about condos in Pasadena from your blog.

Nov 18, 2016 12:37 AM #9
Rainmaker
2,829,817
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thanks very much for stopping by and your comments on this update for the Casa Pasadena condo complex.  

Nov 18, 2016 12:58 AM #10
Ambassador
2,288,893
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Casa Pasadena sounds like a highly desirable community.  No inventory is a clear sign of that.  Great market snapshot.

Nov 18, 2016 03:16 AM #11
Ambassador
2,605,703
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Casa Pasadena sounds like a great complex, and interested buyers should be aware that you're keeping a close eye on it and will be there to help them when a unit becomes available and to ensure their offer is the successful one.

Nov 18, 2016 04:13 AM #12
Rainmaker
2,637,239
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael what an awesome complex, love the fact that you are so knowledgeable about all the Pasadena Condominium Complexes, this is one reason buyers and sellers need to reach out to you, Endre

Nov 18, 2016 11:38 AM #13
Rainmaker
2,829,817
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thanks for your comments.   

Nov 20, 2016 02:36 AM #14
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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