Home Sales in South Pasadena 2016

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

Home Sales in South Pasadena 2016

 

This is a real estate market activity overview for sales of South Pasadena homes in 2016.   Additionally, I will share a recap of sold properties for the How Much Is My South Pasadena Home Worthprevious three years as well as a recap of those actively on the market for sale and in escrow.  

 

Statistical information in this report is from our local multiple listing service(mls) and may not include all transactions in the category.  Information is deemed reliable but it has not been verified and is not guaranteed.

 

Homes in South Pas 91030South Pasadena 91030 which is known as South Pas by locals and admirers alike has a population of about 25,000.  It is a separate city and not part of its larger and better-known neighbor, Pasadena.   Many are attracted to the city with its small town atmosphere, highly acclaimed public schools, more than 100 acres of parks and playgrounds, a popular public library along with small retailers and interesting restaurants.   The weekly Farmers Market near the Gold Line light rail station at Mission and Meridian is a great gathering place each Thursday late afternoon/early evening.    

 

South Pasadena Farmers Market

 

The city is known for its character homes on tree-lined streets and more modern homes in the hills, there are also some condos, townhomes and lofts to be found in the city.   For this reason, it is not uncommon to see film trucks and crews around, as the city is often used as a backdrop in films, television, commercials, video and print as it earned its role as Anywhere, USA.   

 

Homes in South Pasadena 91030



  • There were 135 mls-reported South Pasadena home sales in 2016.  These closed transactions ranged from $652,500 to $4,230,000 with an average sales price of $1,341,690 (median price $1,231,500).  Nearly 70% of the sales were at or above last list price.

 

  • In 2015, there were 136 mls-reported closed transactions.  These sales ranged from $400,000(basically land value) to $4,400,000 with an average sales price of $1,344,314 (median price $1,147,500).   Nearly 64% of 2015 transactions closed at or above their last list price.  

 

  • In 2014, there were 127 sales ranging from $496,854 to $3,745,000 with an average price of $1,181,882(median $1,100,000).

   

  • There are currently just twelve South Pasadena homes for sale with an additional five in escrow.   A year ago while compiling information for this report, there were 15 properties on the market for sale, interestingly enough the same number as in 2015.  

 

South Pasadena Homes

 

As always, when reviewing statistics a closer review of an individual property is necessary for a prospective buyer who is crafting the best possible offer strategy.  This is true, as well, for the homeowner who is considering the South Pasadena Schoolsappropriate list price and marketing agent.  As this report shows, a distinct majority of the closed sales in 2016 were at or above list price further underscoring the still very competitive South Pasadena real estate market.

 

Location within the city as well as condition, updates(or lack thereof), timing and emotional appeal are just some of the factors we will consider in addition to home and lot size(including the usability of that lot).      

 

The South Pasadena real estate history has long reflected that the numbers available at any given time are typically limited and homes receive a lot of South Pasadena Altos de Monterey Neigbhorhoodattention when they initially hit the market.  

 

It is not uncommon to find buyers who have “lost” homes anxiously waiting for that first showing.  The savviest of buyers will understand that there will be scheduled and published offer guidelines. Buyers and sellers alike need to be prepared in order to be most successful in achieving the desired goal.  

 

If you would like to know more about South Pasadena real estate contact me at 818.516.4393 cell.  Let’s discuss what’s important to you whether you are a buyer thinking of a purchase or a property owner considering selling in this very special market.   

 

 

 

Published:  January 17, 2017

 

Please note: The homes shown in this report are reflective of some of examples of fine architecture that can be found in the city and do not necessarily represent properties for sale or sold. 

 


Home Sales in South Pasadena 2016

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Rainmaker
2,481,816
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Michael. Unbelievable steady history of sales. Will 2017 match it? Looking good! Enjoy your day!

Jan 17, 2017 06:23 AM #2
Rainmaker
3,294,310
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 knock me over with your knowledge of all things Pasadena. Your photos are worth a 1,000 words as the depict the character of your area. Great steady stream of sales which I'm sure will continue in 2017!

Jan 17, 2017 06:26 AM #3
Rainmaker
1,816,158
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I always enjoy your pictures of the area, as I love the look of the homes, buildings and landscapes!

Jan 17, 2017 06:33 AM #4
Rainmaker
4,055,307
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.  Anyone considering a purchase or sale of a South Pasadena home should give you a call.

Jan 17, 2017 06:34 AM #5
Rainmaker
799,198
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Michael Jacobs - another great feature living in Pasadena and South Pasadena is the location to Los Angeles.  Clients who work in LA are just minutes to downtown.  When they arrive home, it's like you live in a different world. Great report as always!

Jan 17, 2017 07:21 AM #6
Rainmaker
1,259,982
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, I continue to be amazed by the statistics in South Pasadena. 70% of sales at or above last list price is impressive. Inventory remains low and anyone considering selling needs to contact you. Your market knowledge is top of the link and you truly know the area.

Jan 17, 2017 07:50 AM #7
Rainmaker
2,727,540
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

South Pasadena sales seem nice and steady, and the variety of homes and location makes it a terrific place to move to...

Jan 17, 2017 08:49 AM #8
Rainmaker
1,930,990
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

It does look like a small town atmosphere in your photos, Michael. But the homes in South Pas are absolutely lovely. Especially that last home. But that's probably a $3 million, right?

Jan 17, 2017 09:01 AM #9
Ambassador
1,477,836
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

You lose if you don't act quickly to buy a home in popular South Pas. Buyers would be wise to get you on their team asap. And naturally, sellers can also expect the best results when the hire you for representation. 

Jan 17, 2017 09:50 AM #10
Rainmaker
2,786,356
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -- the home in the last photo of this post is in the Altos de Monterey neighborhood in South Pasadena.  It last sold in July, 2014 for $1,573,000.  It has very distinctive curb appeal.      

Jan 17, 2017 10:02 AM #11
Ambassador
2,285,896
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

That is quite a price range in South Pas.  I feel like I know the area well since you have enlightened us with so many informative posts about South Pas.

Jan 17, 2017 10:25 AM #12
Rainmaker
3,543,912
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Michael,

I can understand why South Pasadena is a perfect place to live.  It has the perfect balance of a small city with a population of 25,000. and at the same time easy access to the big city nearby.  The light rail system is also a big plus.  Before we opened our own firm in Los Angeles, the slogo of the firm was on billboards saying "we know every square foot of the Westside", and I would say about you that you know everything their is to know about South Pasadena. Pasadena, and adjacent markets you cover.  A

Jan 17, 2017 11:02 AM #13
Rainmaker
2,524,426
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael,  I have already "learned me" so much today ... and here I am learning me some more.  I did not know that South Pasadena is a separate City from Pasadena or that it earned its role as Anywhere, USA. 

Your market report is informative and pleasing to the eyes.  Thank you.

  

Jan 17, 2017 03:52 PM #14
Rainmaker
3,229,358
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

South Pasadena California is a very consistent real estate market.

Good luck and success.

Lou Ludwig

Jan 17, 2017 03:57 PM #15
Rainmaker
2,457,882
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Michael Jacobs,  Wow you impress me all the time with your knowledge of the area and the research you put into it.

 

Jan 17, 2017 04:01 PM #16
Ambassador
2,181,222
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Michael...this is great information on the South Pasadena real estate market. Thanks for sharing. 

Jan 17, 2017 04:05 PM #17
Rainmaker
1,340,186
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, whether be a modern home in the hills or one located on a tree-lined street, homes in Pasadena CA are very desirable, the proof is in the statistics, 70% of the homes sold over list price. Love the photos in your post.

Jan 17, 2017 04:08 PM #18
Ambassador
1,733,472
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, excellent report on South Pasadena Real Estate. You live your work.

Jan 17, 2017 07:00 PM #19
Rainmaker
2,562,671
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael I always loved South Pasadena, nice place to be able to work and play in Endre

Jan 17, 2017 11:08 PM #20
Rainmaker
1,632,634
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Your marketing report is very impressive! It takes a lot of time to research an area but when a professional, such as yourself, takes the time to do it all up front, it makes the decision-making to buy a lot easier. Plus, you always provide the best photographs and give an objective reason why it's a great place to live without sounding like a desperate Sales Agent. You are steady as a rock and that is the primary reason why I'd refer my clients to you. 

Jan 18, 2017 02:22 AM #21
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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