Pasadena CA Lower Hastings Ranch Homes For Sale and 2014 Market Update

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Industry Observer CalBRE #01165532
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Pasadena CA Lower Hastings Ranch Homes

For Sale and 2014 Market Update

 

Lower Hastings Ranch homes for sale

 

This is a recap of the Lower Hastings Ranch neighborhood homes for sale as well as a market update for 2014 with a comparison to 2013.  

 

Statistical information contained in this report is from our local multiple listing service(mls) as of January 24, 2015 and may not include all transactions.   

 

Pasadena Homes For Sale - Pasadena Zip Code 91107The Hastings Ranch neighborhood in East Pasadena consists of three separate neighborhoods:  Lower Hastings Ranch, Upper Hastings Ranch and Hastings Heights.  

 

This update covers market activity for single family homes in the  Lower Hastings Ranch area which covers the area south of Sierra Madre Boulevard, west of Michillinda Avenue, north of the Hastings Ranch shopping areas and east of Sierra Madre Villa Avenue with the exception of the Estates Pasadena development.   

Although there are condominiums, townhomes and apartments in the on Cliff Avenue, Hastings Ranch Road and Rosemead Boulevard, this report covers only homes.  

 

Lower Hastings Ranch - Pasadena Real EstateBuilding in Lower Hastings Ranch began in the late 1940s with the majority of the homes constructed in the 1950s.   Lower Hastings Ranch has typically larger and wider lots than those in Upper Hastings Ranch with custom or semi-custom homes sited impressively on tree-lined streets.   The homes are generally single level.  I would estimate that there are between 250 and 300 homes in the well-manicured neighborhood.

 

Pasadena Homes For Sale

 

The East Pasadena area(zip code 91107) has multiple shopping areas with a wide variety of stores along with dining, entertainment, recreation and A Noise Within - a repertory theater highlighting classic plays.   

The Gold Line light rail station at Sierra Madre Villa and the Foothill(210) Freeway are easily accessible.

 

Pasadena Real EstateTurnover of homes in this neighborhood like much of Pasadena is traditionally low and currently there is just one home on the market for sale.  Listed for sale this week, it is a three bedroom home with approximately 2356 square foot home on an approximate ¼ acre lot priced at $1,100,000.   As is common, offers will be reviewed on a particular date - in this case Tuesday, February 3.   In 2014, there were eleven mls-reported closed transactions ranging from $730,000 to $1,400,000 with an average sales price of $1,044,200(median sales price $1,050,000).  They sold at 101.63% of last list price and for $496.44 per square foot on average.

 

Pasadena Zip Code 91107 Real Estate For full year 2013, there were 18 sales ranging from $515,000 to $1,300,000 with an average sales price of $900,146(median price $878,500).   They sold at 100.02% of last list price and for $442.56 per square on average.

 

Obviously the continued lack of inventory of homes for sale had a dramatic impact on the number of sales in Lower Hastings Ranch.   

 

I don’t know(nor can I predict) if this will change in 2015 but remember this is a relatively small neighborhood.  Also, as far as pricing is concerned, there remains a significant percentage of long term homeowners and some of the homes I have seen over the years have been in original or near-original condition.  This can have an impact on price and it is not uncommon to encounter homes in any condition selling at or above list price because of the desirability of the location.

 

The information in this report is limited due to space and if you would like more detailed information regarding Lower Hastings Ranch or any Pasadena neighborhood whether you are a prospective buyer or seller contact me at 818.516.4393 cell.   

 

Pasadena CA Lower Hastings Ranch Homes

For Sale and 2014 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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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Michael,   You have done such a nice job of describing the market in lower hastings. This sounds like a wonderful neighborhood filled with charm and character.  

Jan 24, 2015 07:31 PM #1
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Another detailed and interesting market report.....everything one would need to know about Lower Hastings.

Jan 24, 2015 08:15 PM #2
Rainmaker
1,570,174
David Saks
(retired) - Memphis, TN

Great post and great info, too ! Have a terrific day ahead.

Jan 24, 2015 09:16 PM #3
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The Lower Hastings Ranch community of Pasadena CA looks like a highly desirable area.  Thanks for the excellent information and market update, Michael.

Jan 24, 2015 09:16 PM #4
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

I agree with what everyone said, and I enjoyed all the pictures of the Lower Hasting Ranch community...A

Jan 24, 2015 11:55 PM #5
Rainmaker
923,675
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Just hearing the word RANCH draws me in to your Lower Hastings Ranch Community homes for sale market update. 2013 may have had more sales than 2014 but I can certainly see why homeowners don't leave but if they do they need call Michael Jacobs.

Jan 25, 2015 12:01 AM #6
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Pasadena area buyers who are interested in neighborhoods like Lower Hastings Ranch would greatly benefit from having your expertise applied to their goals - keeping informed about buying opportunities and correctly responding to them is a key to a successful home search.

Jan 25, 2015 12:42 AM #7
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

You are the master when it comes to bringing Pasadena neighborhoods to life. Lower Hasting Ranch looks like another great spot to call home. Your expertise - as evidenced in the paragraph about the condition of the homes - would be extremely valuable to any buyer. 

Jan 25, 2015 02:44 AM #8
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

The Lower Hastings Ranch area in Pasadena looks great, Michael.  And, you have done another terrific job of informing buyers and sellers in the Lower Hastings Ranch area as to current real estate market conditions. 

Jan 25, 2015 03:15 AM #9
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, so many people getting up in the years like Ranch style homes for the lack of stairs. Your Pasadena California Lower Hastings Ranch Homes market report is detailed and well written and sure to be great information to buyers for all the knowledge you have a and sellers for your expertise.

Jan 25, 2015 04:08 AM #10
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Homes in this neighbohrood look very much like the homes in several neighborhoods in Clarksville. Very 60's and 70's.

Jan 25, 2015 04:13 AM #11
Rainmaker
909,008
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

Looks like a community after my own (aging) heart!  I like Ranch homes.  You have given a great write of the neighborhood and you would have my trust and confidence.  :)

Jan 26, 2015 10:13 AM #12
Rainmaker
3,364,110
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much to each of you who has stopped by and commented.  I appreciate your kind words and support.  

Jan 26, 2015 10:40 AM #13
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Michael Jacobs

Los Angeles Pasadena 818.516.4393
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