Pasadena CA - San Rafael Hills Market Report

This is a market report for the San Rafael Hills area within the city of Pasadena.   For this report, I am using the following boundaries to define San Rafael Hills:   south of Colorado Boulevard, East of Avenue 64(not including Avenue 64) and the city of Los Angeles will be the Southern and Western borders.   

This highly desirable area is convenient to multiple freeways making the commute to Downtown Los Angeles, the San Gabriel and San Fernando Valleys as well as Los Angeles’ Westside much easier.   Continue east on Colorado Boulevard and you will be in Old Pasadena where a multiple shopping, dining, entertainment, cultural and educational options await.

Homes in the neighborhood include Spanish, Mediterranean, English, Cape Cod, Ranch and most notably Modern.   There are many significant architectural homes in the San Rafael Hills designed by Buff & Hensman, Harwell Harris, Calvin Straub, Craig Ellwood and others.  The Poppy Peak Historic District was established in the area in 2010 to showcase some particularly fine examples of mid-century modern architecture.   The hills offer some outstanding views and the contours of the land have inspired some unique and significant properties.   

There are currently seven homes on the market in the San Rafael Hills.  They range in price from $549,000(a two bedroom, two bath home with approximately 967 square feet) to $1,339,000(a five bedroom home with approximately 4300 square feet).   Eight homes are in escrow.

Year-to-date 2012 reflects 34 sales in San Rafael Hills.  The closed transactions range in price from $440,000 to $1,600,000 with an average sales price of $721.065(median $678,000).  The average price per square foot for the year is $416.65.

In 2011, there were 38 sales according to our local multiple listing service.   The sales ranged from $400,000 to $1,250,000 with an average sales price of $765,237(median $749,500).  The average price per square foot for 2011 for San Rafael Hills was $417.57.  

Whether you are a homeowner thinking of selling, a potential buyer or just curious about the current real estate market in the interesting neighborhoods of Pasadena and the San Gabriel Valley, contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

San Rafael Hills is right on the border of Eagle Rock and has some wonderful home purchase opportunities.  Here's a list of the latest listings:

• Tue, 31 May 2011 16:10:00 +0000: $899,000 :: 42 Annandale Road, Pasadena CA, 91105 - Pasadena - San Rafael Hills - Homes for Sale
  
  
  
  
  4 beds, 1 full, 1 part baths
  Home size: 1,998 sq ft
  Lot Size: 8,200 sq ft
  Added: , Last Updated: 05/31/11
  Property Type: Single Family, Residential
  MLS Number: 22152532
  
  
  This English style charmer is located in Pasadena's desirable San Rafael neighborhood. It offers spacious rooms and vintage architectural details in a well-designed floor plan. This four bedroom two bath residence, features a stunning living room with coffer wood ceiling, hardwood flooring and stone-like fireplace. A gracious archway leads to the formal dining room with French doors, coved ceiling and hardwood flooring The kitchen is updated with stainless appliances, granite countertops, a butler's pantry and a convenient eating area. The home features a comfortable master suite with it's own bath, rear gardens with private patio area and mature landscape, great for outdoor entertaining. Two-Car detached garage with workshop area.
  
  Listed with Michael Darling (w/ ), Deasy/Penner & Partners
  

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  Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
  
  

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• Tue, 31 May 2011 12:11:00 +0000: $939,900 :: 191 Sierra View Road, Pasadena CA, 91105 - Pasadena - San Rafael Hills - Homes for Sale
  
  
  
  
  3 beds, 2 full, 1 part baths
  Home size: 2,300 sq ft
  Lot Size: 12,190 sq ft
  Added: , Last Updated: 05/31/11
  Property Type: Single Family, Residential
  MLS Number: 22151815
  The price of this listing was last reduced on 5/31/2011 by 4%
  
  
  Lovely traditional home located on one of Pasadena's finest streets! Owned by the same family for over 60 years. Flexible and spacious floor plan. Features 3 bedrooms, 3 baths, formal living room with fireplace, a spacious master suite with large bath, detached family room, and detached art studio ( not permitted .) Spacious rear gardens offer privacy and ideal environment for outdoor entertaining.
  
  Listed with Michael Darling (w/ ), Deasy/Penner & Partners
  

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  Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
  
  

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• Tue, 31 May 2011 09:01:00 +0000: $928,800 :: 1438 La Loma Road, Pasadena CA, 91105 - Pasadena - San Rafael Hills - Homes for Sale
  
  
  
  
  3 beds, 2 full baths
  Home size: 2,389 sq ft
  Lot Size: 8,210 sq ft
  Added: , Last Updated: 05/31/11
  Property Type: Single Family, Residential
  MLS Number: A11068181
  
  
  Marvelous 3 bedroom home on a corner lot in Pasadena's San Rafael Hills. Kitchen with new Kitchen Aid refrigerator, stove top, oven, microwave, warming drawer, dishwasher, Carrera marble counters and hardwood floor. Large family room with French doors leading to patio, perfect for entertaining. Living room with brick fireplace, beamed ceilings, and hardwood floors. Dining room with hardwood floors. Both baths have been updated. Central Air. Security System. Sprinklers. 2 car attached garage with auto opener. Move-in condition
  
  Listed with Robert Doeppel (w/ ), RBD Real Estate Services, INC.
  

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  Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
  
  

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• Sat, 28 May 2011 17:57:00 +0000: $1,450,000 :: 880 Laguna Road, Pasadena CA, 91105 - Pasadena - San Rafael Hills - Homes for Sale
  
  
  
  
  3 beds, 1 full, 1 part baths
  Home size: 2,628 sq ft
  Lot Size: 14,206 sq ft
  Added: , Last Updated: 05/28/11
  Property Type: Single Family, Residential
  MLS Number: 22152380
  
  
  This ever popular Traditional Style Home is located in the sought after San Rafael Hills area of Pasadena. The home has 3 bedrooms plus 2 baths and a library, office and family room - a very livable space and nicely maintained. When you enter into the lovely living room you will notice the large bay window with a serene view. There is also a fireplace in the living room plus and additional one in the family room for those cool evenings. The kitchen has been updated and has many glass cabinet doors adding charm. Off the kitchen is a buffet with a large top suitable for entertaining friends and family. The back yard is beautifully manicured and has an inviting pool and spa - a wonderful private oasis in the middle of suburbia. This home also has original hardwood floors, crown moldings, and French doors to the patio. The master suite is located in the back of the house and has ample closet space. The bathroom has been beautifully remodeled.
  
  Listed with Helen Caliway (w/ ), Dilbeck Realtors
  

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  Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
  
  

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• Sat, 28 May 2011 13:14:00 +0000: $969,000 :: 1344 Marianna Road, Pasadena CA, 91105 - Pasadena - San Rafael Hills - Homes for Sale
  
  
  
  
  4 beds, 1 full, 4 part baths
  Home size: 2,975 sq ft
  Lot Size: 18,400 sq ft
  Added: , Last Updated: 05/28/11
  Property Type: Single Family, Residential
  MLS Number: 12151230
  The price of this listing was last reduced on 5/28/2011 by 3%
  
  
  Nestled just outside LA's hustle & bustle, in the heart of the San Rafael Hills, this 4 bedroom 5 bathroom home boasts serenity. The outside living area has spectacular picturesque views of Johnston Lake and the San Gabriel Mountains, Sit back and unwind with the peace and quiet usually reserved for country living but in reality only minutes from Old Town Pasadena and Downtown LA. Built in 1981 this custom home was constructed to take advantage of its surroundings. Large floor to ceiling windows welcome in natural light in a spacious and open Living Room. This home has the ability to adapt to your ever changing lifestyles throughout the years with 2 master suites, one located the first floor.
  
  Listed with Ann Marie Milanese (w/ Alfonso Milanese), Callaway Real Estate
  

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  Brought to you by Irina Netchaev, John Aaroe Group. Call me today at 626-627-7107, or visit my website at www.pasadenaviews.com!
  
  

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If you have any questions, give us a call at 626-629-8439!

How's the market in Pasadena's San Rafael Hills Real Estate area week ending 4/3/11?

San Rafael Hills Real Estate is a Seller's Market. Here's why:

•     3 months supply of homes trending

•     6 Homes available (1 new)

The 6 month numbers are as follows:

Average Sale Price: $828,000

Median Sale Price: $825,000

Average Days on Market: 81

Average Sale Price to List Price Ratio: 95.92

Of Special Note this week: For the 2^nd week in a row there was a closing, the first 2 week stretch of closing activity since December! This helped bring the inventory down by 2 months worth this past week. Let's hope the sales trend continues, which appears that it just may given that 7 are in escrow. There is a deal among the hills - one on Redwood that is bank owned and just can't seem to sell. If more info is needed contact your agent, the MLS or myself - I'll be glad to help! On another positive note: the hilltop mid-century modern sold for over 103% of it's list price in a massive multiple offer situation - it was indeed a beauty!

How's the market in Pasadena's San Rafael Hills area for this week?

San Rafael Hills Real Estate is a Seller's Market. Here's why:

•·     3.5 months supply of homes trending

•·     7 Homes available

The 6 month numbers are as follows:

Average Sale Price: $759,600

Median Sale Price: $695,000

Average Days on Market:83

Average Sale Price to List Price Ratio: 96.01

Of Special Note this week: 2 Homesellers that have been on the market for a long time (over 150 days) accepted offers this week. Combine this with the number of homes in escrow (7 including these 2), and it looks like the activity is picking up the San Rafael Hills real estate market - great news for sellers!