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

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Industry Observer CalBRE #01165532
https://activerain.com/droplet/4xlz

Pasadena CA Upper Hastings Ranch Homes For Sale

and 2014 Market Update

 

Upper Hastings Ranch Homes For SaleThis is recap of homes for sale in the Upper Hastings Ranch neighborhood along with an update of market activity for 2014. All statistical information is from our local multiple listing service(mls) as of January 24, 2015.  

 

Hastings Ranch is located in East Pasadena zip code 91107 and consists of three neighborhoods:  Lower Hastings Ranch(see Pasadena CA Lower Hastings Ranch Homes For Sale and 2014 Market Update, Upper Hastings Ranch and Hastings Heights). For purposes of this report, the boundaries are north of Sierra Madre Boulevard, east of the Eaton Canyon Golf Course, south of Hastings Heights neighborhood and west of Michillinda Avenue.  

 

Upper Hastings Ranch Homes - Pasadena Zip Code 91107 Real EstateThe neighborhood was built beginning in the 1950s with the Coronet series of homes which is the majority of those in Upper Hastings Ranch.  

 

Rather modest when constructed, they consisted of three bedrooms(including a master suite) and two baths in variations of a simple floor plan with a fireplace, small dining area, breezeway and two car garage.  Many of these homes have been expanded, remodeled, re-imagined and transformed although there are still quite a few long time(including original) homeowners where you can find a classic 1950s version including those oh-so-cool 1950s colors in the kitchens and baths along with parquet floors.   

 

Pasadena Real EstateIn addition to the Coronet series, there are some semi-custom and larger homes on the west side of Upper Hastings built in the mid-to-late 1950s as well as those north of Denair Street which were built later.  With approximately 1000 homes in the neighborhood, the overwhelming majority are single level.   There is a natural contour of the land which rises towards the foothills. Some homes have valley, hillside or golf course views.

 

Upper Hastings Ranch - Pasadena Real EstateEast Pasadena is adjacent to the small city of Sierra Madre which offers a quaint small town atmosphere as well offering the vibrancy of shopping and dining along the East Foothill Boulevard.  Abundant recreation, entertainment and cultural options are easily available close by. Transportation is convenient via the Foothill(210)Freeway and the Gold Line light rail station at Sierra Madre Villa.

 

Pasadena Zip Code 91107 Real EstateEvents in the area enhance the community appeal.  The weekly(each Saturday) Farmers Market is one  of Pasadena’s favorite and is held at Victory Park.  The area near the park is also home to the Showcase of Rose Parade Floats where visitors can see floats for a couple of days after the January Tournament of Roses Parade.  Each Christmas season, the neighborhood hosts the Upper Hastings Ranch Light Up Festival where each street has a decorating theme.  People walk and drive the streets to see the displays.

 

Pasadena Homes For SaleThere are currently four Upper Hastings Ranch homes for sale. They range from $585,000 to $959,000 with an additional two homes in escrow.   

 

In 2014, there were 22 mls-reported closed transactions ranging from $596,000 to $1,000,000 with an average sales price of $804,673(median sales price $791,500). They sold at an average 99.18% of last list price and for $435.35 per square foot.  50% sold at or above the list price underscoring that proper pricing and presentation will often lead to multiple offers and sales over list price.

 

Upper Hastings RanchFor the same January through December time period, there were 36 sales.  They ranged from $520,000 to $1,254,000 with an average sales price of $750,831(median $720,000).  They sold at 100.96% of last list price and for $426.99 per square foot on average.

 

The level of inventory of homes for sale in Upper Hastings Ranch continues to be a challenge for prospective buyers and an opportunity for home sellers thinking of selling as long as they remain realistic about their expectations as today’s buyers continue to be quite savvy when it comes to value.  While this remains a sellers market, the frenzy we have been experiencing in the last two years seems to have subsided a bit.   

 

If you are interested in knowing more about any Pasadena neighborhood including Hastings Ranch contact me at 818.516.4393 cell and we can discuss what is important to you whether you are a prospective buyer or a homeowner thinking of selling.


Pasadena CA Upper 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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Rainmaker
740,442
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Michael Jacobs-Great detailed market report with some history for the Upper Hastings Ranch neighborhood in Pasadena, California!

Jan 25, 2015 07:05 AM #1
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Well done report Michael. Everything a buyer of sell would want to know about Pasadena California Upper Hastings Ranch Homes is in your reporting and a great reason to contact Michael Jacobs for more information.

Jan 25, 2015 07:11 AM #2
Ambassador
1,924,955
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Michael Jacobs  I have enjoyed reading your report on Upper Hasting Ranch Homes.  Your remarks on the 50's colors in some of the homes made me smile . Buyers and sellers should call you when thinking of making a move . You are the agent in the KNOW and the area expert .

Jan 25, 2015 08:02 AM #3
Rainmaker
596,598
Nancy Laswick
United Real Estate - Phoenix, AZ
Your REALTOR® For The Valley Of The Sun

Another excellent market report Michael Jacobs this time it's Upper Hasting Ranch Homes. Your knowledge of the entire San Gabriel Valley makes you the agent I refer first for anyone interested in buying or selling a home.

Jan 25, 2015 09:00 AM #4
Rainmaker
4,797,386
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Michael, the Upper Hastings Ranch community of Pasadena looks very inviting.  Any one with an interest in buying or selling should call you.

Jan 25, 2015 07:21 PM #5
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

You rock when it comes to market reports and keeping them interesting Michael.

Jan 25, 2015 08:40 PM #6
Rainmaker
925,799
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

The Upper Hastings Ranch area in Pasadena sounds like it could be interesting to check out the homes, Michael Jacobs!  And, there seem to be quite a few "ranch" homes.  I would love to see the '50s colors, too!

Jan 25, 2015 10:13 PM #7
Rainmaker
1,523,322
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, with only four homes for sale in Upper Hastings Ranch buyers need to act quickly before they're all under contract. You are the go to agent in the area, your expertise is priceless and exactly what they need working on their behalf. 

Jan 25, 2015 10:21 PM #8
Rainmaker
1,398,018
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I really like Upper Hastings Ranch. Those mountain views in the background would make for a wonderful place to go for a morning run!

Jan 26, 2015 12:49 AM #9
Rainmaker
774,028
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

I love these 1950's ranch homes Michael, particularly because they are so easy to reimagine and remodel.  They were built so well back in the 1950's and your descriptions and explanations make them even more desirable!

Jan 26, 2015 01:07 AM #10
Rainmaker
3,360,759
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Pete X with X Group Real Estate Advocates, Huntington Beach, CA 714.459.2017 OCLister.com - I appreciate your comment very much.   Developments of this size are much more rare in Pasadena than in your market.  

Thanks very much for stopping by, Noah Seidenberg and your always kind words of support.

 

Jan 26, 2015 06:20 AM #11
Rainmaker
3,360,759
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hannah Williams - a circa 1950s bathroom or kitchen with those cool colors can make the perfect mid-century modern pad or a great example of a retro atomic ranch.

Gabe Sanders - and I love those kinds of calls.

Jan 26, 2015 06:29 AM #12
Rainmaker
3,360,759
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks so much, Roger D. Mucci -- I admit some are more interesting to write than others and Upper Hastings Ranch has a lot of things going on.

Ron Marshall -- as far as colors --- think pinkish, turquoise, light green hues -- very 1950s.

Jan 26, 2015 06:31 AM #13
Rainmaker
3,360,759
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Amanda S. Davidson - even with low inventory of homes in the market in many neighborhoods, there are still opportunities for buyers if they understand the market.   Not every home is priced correctly, shows well or is easly available to show/sell -- keeping up-to-date can reveal some good buys.

Jan 26, 2015 06:34 AM #14
Rainmaker
3,360,759
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Jeffrey DiMuria 321.223.6253 www.SpaceCoastHomesNow.com - and it's not far from Eaton Canyon Nature Center -- great for hikers.

Me too, Joanna Cohlan --- since there are not that many floor plans in Upper Hastings Ranch -- it's fun to think about how a client can transform a home to reflect their lifestyle.

Jan 26, 2015 06:36 AM #15
Rainmaker
2,772,389
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's nice to see a healthy ebb and flow in most of the markets! Good luck and happy selling in 2015!

Jan 26, 2015 02:52 PM #16
Rainmaker
3,360,759
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks so much, Laura Cerrano -- continued success to you as well.

Jan 26, 2015 03:05 PM #17
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Michael Jacobs

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