Condos and Townhomes Along Pasadena South Orange Grove Corridor

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

Condos and Townhomes Along The South Orange Grove Boulevard Corridor in Pasadena

 

A Market Report For Pasadena Millionaire’s Row - 2016 Recap

 

This is a market activity report for the condos and townhomes along the South Orange Grove Boulevard corridor in Pasadena.  In this report I will Pasadena Millionaires Row share sales information for 2016 as well as a recap of units sold in the previous four years.  Additionally, I will share information of condos and townhomes currently 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 neighborhood.  

 

Pasadena 91105 South Orange Grove BlvdFor this report, I am including units located on South Orange Grove Boulevard south of Colorado Boulevard to the city limits at Columbia Street as well as the adjacent streets in that area with the exception of California Boulevard. Additional note:  this report does not include the condos and townhomes in the Ambassador Gardens development on the site of the former Ambassador College.   

 

The South Orange Grove Boulevard corridor is sometimes simply called South Orange Grove or by the name Millionaire’s Row for the stately mansions which graced this wide palm-lined street in the beginning years of the South Orange Grove Boulevard Condostwentieth century.  Today on the boulevard and the adjacent streets you can find units in various complexes which feature extensive lawn areas and beautiful gardens.  

 

The location between the the Arroyo Seco Parkway(110) and the juncture of the Foothill(210) and Ventura(134) freeways on the westside of Pasadena 91105 is highly convenient to abundant shopping, dining, cultural, entertainment and recreation opportunities that highlight the good life offered in the city.   Of course, each January, the street makes a significant appearance to the world as the start of the annual Tournament of Roses parade begins at the Wrigley Mansion which today is known as Tournament House.

 

Pasadena Millionaires Row

 

  • There were 61 mls-reported closed transactions along the South Orange Grove Boulevard corridor in 2016.  These sales ranged from $563,000 to $2,400,000 with an average sales price of $945,051(median sales price $889,500).   They sold at 98.59% of last list price and for $461.30 per square foot on average.   

 

  • In 2015, there were 52 closed sales reported ranging from $485,000 to $2,400,000 with an average price of $938,883(media $827,000).   They sold at 99.95% of last list price and for $456.56 per square foot on average.

 

  • For full year 2014, there were 72 sales.  The transactions ranged from $500,000 to $2,600,000 with an average price of $928,777(median $830,000). They sold at 99.81% of last list price and for $447.22 per square foot on average.

 

  • In the January through December time period in 2013, there were 46 sales ranging from $470,000 to $1,275,000 with an average price of $721,483(median $682,500).   They sold at 98.99% of last list price and for an average price per square foot of $379.34.

 

  • In 2012, there were 56 properties sold.  These ranged from $353,000 to $1,200,000 with an average price of $668,333(median $633,250).  They sold at $341.65 per square foot on average.

 

  • There are currently seven condos on the market for sale ranging from $669,000 to $1,150,000 with two additional units in escrow.  Interestingly enough, the number of “active” listings was the same when I gathered information for this report in both 2015 and 2016.  

 

Pasadena 91105 Condos On South Orange Grove Blvd

 

A more detailed look at a specific condo or townhome along the South Orange Grove Boulevard corridor is necessary for those thinking of making a move in order to select the most appropriate marketing price or to develop an offer strategy.  There are South Orange Grove Blvd Condos in Pasadena 91105nuances that need to be examined which include location in the neighborhood and  within a complex, the complex itself, updates(or lack thereof), motivation, emotional appeal as well as the obvious size differences.   

 

If you would like to know more about the condos and townhomes along the South Orange Grove corridor whether you are thinking of a purchase or selling, let’s discuss what is important to you.  I can be reached at 818.516.4393 cell.  

 

Tournament House in Pasadena

 

Published:   January 5, 2017



Condos and Townhomes Along The South Orange Grove Boulevard Corridor in Pasadena

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Los Angeles County Pasadena
Groups:
CALIFORNIA REAL ESTATE
Condos, What you need to know?
WeBlog Anything (almost)!
2017 Market Trend Reports
Tags:
pasadena millionaires row condos
condos along south orange grove blvd corridor pasadena
pasadena condos near tournament house

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,913,652
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thanks for sharing.

Jan 05, 2017 05:02 AM #1
Rainmaker
3,358,114
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Michael Jacobs,

You always provide us with such great information on all things Pasadena! Your photos and posts always showcase the lifestyle that so many yearn for in your area. Excellent market report on the condos along south Orange Grove Blvd.

Jan 05, 2017 06:09 AM #2
Rainmaker
1,882,377
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Such well kept areas, I can tell that this is a desired location for most people looking for a nice condo or townhome!

Jan 05, 2017 06:14 AM #3
Ambassador
1,655,408
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

What a beautiful area of Condos and townhomes  along-Pasadena-south-Orange-Grove-Corridor .  Still some availability too !  Who  to call in 2017 Michael Jacobs  He certainly knows Pasadena Ca and cares what is important to YOU

Jan 05, 2017 06:49 AM #4
Rainmaker
1,280,609
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Michael, obviously based partly on location this is a very hot area. With an average price of nearly 1 million and homes selling at or near list price the buyers and sellers need you now...big time.

Jan 05, 2017 07:21 AM #5
Rainmaker
2,781,713
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 & Home Sale Specialists

Buyers and sellers along the Pasadena South Orange neighborhoods, don't worry about who to hire as your Realtor...Michael Jacobs KNOWS THIS AREA!

Jan 05, 2017 07:30 AM #6
Ambassador
1,739,439
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, South Orange Grove Corridor is really an exciting area to live. You do a great job of documenting that through your photos and figures.

Jan 05, 2017 10:12 AM #7
Rainmaker
3,638,568
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

Great job of sharing the stats on the South Orange Grove Corridor, as well as the surround amenities.  Wishing you a great Thursday.  I hope the rain has reached your neck of the woods.  A

Jan 05, 2017 11:25 AM #8
Rainmaker
1,961,491
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

I suppose this time of year, right after the Tournament of Roses Parade, lots of people are wondering about buying a second home / condo / townhome in the South Orange Grove corridor just so they can be close by for the parade the next year. No?

If so, listen up you guys, you can't do any better than hiring Michael Jacobs. If I were gonna buy in South Orange Grove or anywhere in Pasadena, he's the agent to call. You should read his informative and entertaining blogs.

Jan 05, 2017 12:16 PM #9
Ambassador
2,604,903
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - This market report for the South Orange Grove corridor is another example of your amazing market awareness and expertise, and the value you bring to both buyers and sellers.

Jan 05, 2017 12:34 PM #10
Ambassador
2,288,887
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Sounds like a very popular area with the lisr to sold price percentage.  Great peek inside this market place. 

Jan 05, 2017 01:49 PM #11
Rainmaker
1,290,445
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Hi Michael, your market continues to see low inventory and condos and townhomes along the South Orange Grove Corridor in Pasadena is no exception. Very impressive sale to list price ratio. With tight inventory buyers and sellers both need your expertise. Not an easy market turned to navigate through but you experience will attain them the right results.

Jan 05, 2017 03:14 PM #12
Ambassador
2,658,317
Anna Banana Kruchten CRB, CRS, Broker
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

Michael - WOW - this is a fantastic market report for townhomes and condos along the South Orange Grove Corridor in Pasadena! You so know your market down to the nitty gritty. Buyers and sellers will really appreciate your extensive knowledge and your years of experience when buying or selling one of these homes.

Jan 05, 2017 03:24 PM #13
Rainmaker
1,076,007
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - I really enjoy your Pasadena's Millionaires' Row condo and townhouse real estate market updates!  Who wouldn't enjoy living in this area? So many options, I hope buyers and sellers call you for more help!

Jan 05, 2017 04:10 PM #14
Rainmaker
4,149,272
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Michael.  Thanks for the information and update for the condos and townhomes along the South Orange Grove Boulevard corridor in Pasadena.

Jan 05, 2017 04:32 PM #15
Rainmaker
3,231,993
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The condo and townhome market along the Pasadena, South Orange Grove Corridor is a positive forward moving market.

Good luck and success.

Lou Ludwig

Jan 05, 2017 06:46 PM #16
Rainmaker
1,358,269
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Michael, I love reading about the market update on the Millionaire's Row in Pasadena CA. It's possible to purchase four homes in my area for the price of an average home in this beautiful area. Buyers and sellers in South Orange Grove Blvd would be wise to contact you for their real estate needs.

Jan 05, 2017 07:42 PM #17
Rainmaker
2,828,759
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you very much for stopping by and your comments on this market update for the condos and townhomes along the South Orange Grove Boulevard corridor in Pasadena.  

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -- there is definitely a real estate connection with the Rose Parade as early organizers wanted a way to "show off" the area.  This event could highlight the beautiful weather, the flowers, the produce and other "winter" amenities of the area to those living in colder(and often snowier) environments.  

Yes, it all comes back to real estate.   

Jan 06, 2017 08:19 AM #18
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,828,759

Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
Ask me a question
*
*
*
*
Spam prevention

Additional Information