Surfwood Point Condos In Pasadena 1097 East Blanche Street
This is a real estate market activity report for the Surfwood Point condominium complex in Pasadena 91106. In this report I will share information regarding units for sale, in escrow and sold so far in 2017 along with a recap of closed 
transactions for the previous four years. Statistical information included in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.
Surfwood Point is 49 unit condominium complex built in 1988 located at 1097 Blanche Street just north of campus of California Institute of Technology(Caltech) and east of Pasadena City College(PCC).
I would describe the architecture as Modern Cape Cod. The prime location is just east of popular South Lake Avenue. Numerous dining, shopping, entertainment, cultural and 
recreation venues are nearby as is transportation via multiple freeways and a Gold Line light rail station at Lake Avenue.
The two level condos each have two bedrooms and up to two-and-one-half baths in a variety of floor plans ranging in approximate square footages between 950 and 1400. Features include fireplaces, clerestory windows, in unit laundry connections along with patios or balconies(some units have multiple outdoor spaces)to enhance the indoor-outdoor appeal of the units. Upper floor units feature vaulted ceilings and skylights.
The complex has beautifully landscaped grounds with a pool, spa and lounge area. Some units face Wilson Avenue and there is an open central courtyard - no long dark hallways at Surfwood Point. There is an elevator and parking is subterranean with access off Cordova Street.
There are no units on the market for sale at Surfwood Point. On Sunday, Mother’s Day, a unit in escrow changed from under-contract to pending status. It should be closing soon and it will be the first mls-reported sale so far in 2017.
In 2016 there were four mls-reported closed transactions ranging from $460,000 to $540,000 with an average sales price of $485,000(median sales price $470,000). They sold at 100.26% of last list price and for $478.28 per square foot on average.
In 2015, there were three sales reported ranging from $425,000 to $568,000 with an average price of $498,333(median sales price $502,000). Each sold at or above its last list price for an average 102.54%. The average price per square foot was $446.41 for the period.
There were four reported closed transactions in 2014 ranging from $425,000 to $580,000 with an average sales price of $488,750(median sales price $475,000). They sold at 98.91% of last list price and for an average price per square foot of $415.15.
During 2013, the average sales price was $427,800(median $425,000) for the five sales reported.
When reviewing any sales data, it’s always important to look at the story behind the numbers as there can be nuances that the statistics do not reveal. Location within the complex, condition, updates(or the lack thereof), emotional appeal, timing and other factors all come into play.
If you would like to know more detailed information regarding Surfwood Point or any Pasadena real estate contact me at 818.516.4393 cell. Whether you are a prospective buyer or seller, let’s discuss what is important to you.
Please note: currently, there can be no investor sales in the complex as Surfwood Point is at the HOA-mandated limit on the number of leased properties.
Published: May 16, 2017
Surfwood Point Condos In Pasadena 1097 East Blanche Street
Comments(18)