Pasadena CA | Upper Hastings Ranch Homes for Sale And Market Update

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Industry Observer CalBRE #01165532
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Pasadena CA | Upper Hastings Ranch Homes for Sale And Market Update

 

Upper Hastings Ranch Homes For Sale - Pasadena Zip Code 91107 Homes For SaleThis is a recap of Upper Hastings Ranch homes for sale along with those in escrow and sold for the first nine months of 2014. Statistical information in this report has been gathered from our local multiple listing service(mls) as of October 9, 2014.

 

Upper Hastings Ranch is one of three neighborhoods in the upper northeast area of Pasadena zip code 91107 at border of Sierra Madre and Arcadia.   The others are Lower Hastings Ranch and Hastings Heights.  This report showcases the Upper Hastings Ranch (UHR) and for purposes here covers the area north of Sierra Madre Boulevard, the eastern border is Michillinda Avenue south of the Hastings Heights neighborhood and east of Eaton Canyon Golf Course.  

 

Pasadena Homes For Sale - Pasadena Zip Code 91107 Real Estate

 

The neighborhood was generally built in the early to mid-1950s as well as some that were built in the 1970s.  Typically, Pasadena is not known for its large scale single family developments.   

 

With more than 1000 single family homes in the neighborhood, there is a long history and amazingly still a number of residents who are original owners.  Most homes are single story.   

 

Upper Hastings Ranch Homes For Sale - Pasadena Zip Code 91107 Real Estate

 

Convenience is a hallmark of Upper Hastings Ranch.  It offers easy access to shopping, dining, entertainment and recreation.   

 

Transportation via the Foothill(210)Freeway or the Gold Line light rail(station at Sierra Madre Villa) is also nearby.

 

There are currently three Upper Hastings Ranch homes for sale. One is a newly listed short sale with approximately 1545 square feet priced at an unbelievable list price of $585,000 (subject to bank approval and showings are allowed only after seller approves of offer).   The other is a home on Medford Road that has been expanded to approximately 2021 square feet priced at $785,000. A third home located on Cartwright Avenue is listed for $880,000.  There are an additional four properties in escrow.   For the first three quarters of 2014, there have been 21 mls-reported transactions ranging from $596,000 to $1,000,000 with an average sales price of $800,038(median sales price $800,000).  They have sold at an average sale to list price of 99.43% and average price per square foot of $439.61.

 

Welcome to Upper Hastings Ranch - Pasadena NeigbhorhoodsDuring the same January through September time period in 2013, there were 20 sales.  The mls-reported transactions ranged from $520,000 to $1,254,000 with an average sales price of $776,414(median $731,750). They sold at an average 101.88% of last list price and for $428.19 per square foot.   

 

The majority of the homes in Upper Hastings Ranch are in the Coronet series which were fairly modest at their time of construction in the early 1950s.  Over the years, many have been expanded and remodeled.   The mix of the homes sold has an impact on prices so more detailed information is necessary to analyze the best possible suggested list price or recommend purchase price for you.

 

Whether you are a prospective buyer or a homeowner thinking of selling in Upper Hastings Ranch or any Pasadena neighborhood, contact me at 818.516.4393 cell or michaeljacobs@coldwellbanker.com so we can discuss what is important to you in Pasadena real estate.


Pasadena CA | Upper Hastings Ranch Homes for Sale And Market Update

Posted by

Michael Jacobs

 

CalBRE # 01165532

2065 Huntington Drive

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

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Ambassador
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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Michael, you have provided some excellent information here for buyers and sellers. I'm guessing this format is quite successful for you.

Oct 10, 2014 04:47 AM #1
Rainmaker
3,240,827
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Michael,  Great information for buyers and sellers as always from you.  Hope you have a great weekend.

Oct 10, 2014 05:56 AM #2
Rainmaker
1,526,882
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, looking at the sale to list price ratio Upper Hastings is a very popular place to call home. Excellent neighborhood report. Buyers and sellers should know you are the agent to contact in the Pasadena area.

Oct 10, 2014 05:57 AM #3
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Amazing that there are only 3 of over 1000 homes on the market - that truly is an inventory shortage, and any buyers who wish to succeed in that market would benefit greatly from enlisting your expertise.

Oct 10, 2014 06:37 AM #4
Rainmaker
4,571,041
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

Hasting Ranch does have an amazing inventory shortage, just like Dick said.  That was the first thing that struck me as I was reading this wondeful market report.  A

Oct 10, 2014 07:18 AM #5
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Micheal you  do such a good job of educating the buyer consumer or even a seller, in this case Upper Hastings Ranch Homes in Pasadena California. I love your Marketing Report format it is really user friendly.

Oct 10, 2014 03:31 PM #6
Rainmaker
1,126,244
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael - I have to agree with Noah, you do a great job in educating buyers about the different areas in the greater Pasadena area!  I hope buyers and sellers call you for more market insight for the Upper Hastings Ranch area!

Oct 11, 2014 04:25 AM #7
Rainmaker
2,071,391
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Fort Worth, TX
Selling Homes Changing Lives

Hastings Ranch has a beautiful backdrop of mountain views! Easy access to roads and entertainment would be a must for me! This place has it all!!!

Oct 12, 2014 04:36 AM #8
Rainmaker
3,425,317
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much for stopping by and your comments on Upper Hastings Ranch.  Soon it will be the holiday season and the UHR(Upper Hastings Ranch) neighborhood will sponsor its annual Holiday Light Up where each street has a decorating theme on the parkway in front of each home.   

 

Upper Hastings Ranch - Holiday Light Up - Pasadena

Oct 12, 2014 05:40 AM #9
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Michael Jacobs

Los Angeles Pasadena 818.516.4393
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