Pasadena CA Bungalow Heaven Landmark District Homes 2014 Market Update

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

Pasadena CA

Bungalow Heaven Landmark District Homes 2014 Market Update

 

Bungalow Heaven - Pasadena Real EstateThis is a recap of homes for sale along with a 2014 real estate market update for the Bungalow Heaven neighborhood in Pasadena.  Established in 1989 as the city’s first historic landmark district, the boundaries are roughly Orange Grove and Washington boulevards south/ north and Lake and Hill avenues west/east.  

 

While many architectural styles exist in Bungalow Heaven, the overwhelming majority of the approximately 900 homes are bungalows from the Arts and Crafts period or Craftsman era from the early 20th century.  Homes vary greatly in size and condition, from quite small to much larger and from fixer-uppers to incredibly authentically restored examples.  The streets are tree-lined with McDonald Park near the center of the community.

 

Bungalow Heaven Homes For SaleThe community has been designated as a National Register of Historic Places, California Register of Historic Resources along with nation-wide acclaim. The annual Bungalow Heaven home tour each Spring is one the most popular events in Pasadena.  

 

There were 28 reported sales in Bungalow Heaven in 2014 according to our local multiple listing service(mls).   These closed transactions ranged from $338,000 to $970,000 with an average sales price of $633,518(median sales price $640,500). They sold at 103.05% of last list price and for $463.48 per square foot on average. There are currently just three Bungalow Heaven homes on the market for sale ranging from $529,000 to $998,000 and additional two properties in escrow.

 

Pasadena Historic Landmark DistrictFor full year 2013, there were 41 mls-reported sales ranging from $355,000 to $910,000 with an average sales price of $622,000(median $652,000).  

 

They sold at 99.53% of list price and for $413.26 per square foot on average.

 

The low inventory of available homes for sale in Bungalow Heaven continues to be an issue for buyers.  Multiple offers and sales over list price continue in many of the homes on the market. This does not mean that sellers can ignore current market trends as today's buyers are quite savvy and understand value. Whether you are a prospective buyer or a homeowner thinking of selling in Bungalow Heaven or anywhere in Pasadena contact me at 818.516.4393 cell and we can discuss what is important to you.

 

Pasadena CA

Bungalow Heaven Landmark District Homes 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
4,797,528
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Michael, it's easy to see why Bungalow Heaven is on the National Register of Historic Places.  This is a beautiful community.

Jan 27, 2015 08:44 PM #4
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Interesting.....not at all what I expected in Pasadena from all of your other posts, but I kind of like Bungalow Heaven.

Jan 27, 2015 09:02 PM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Okay, I remember this neighborhood before and must admit I love the looks and would probably choose a home in this area (if it were available and in my budget).

Jan 27, 2015 11:35 PM #6
Rainmaker
923,589
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Good Michael your Bungalow Heaven Landmark District homes remind me of OLD Austin Neighborhoods there was probably similar home builders in the day. Beautiful 

Jan 27, 2015 11:35 PM #7
Rainmaker
1,523,547
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, what a beautiful community, I can see why inventory remains so low. You are always on top of the latest market trends in Bungalow Heaven and are the best agent to contact when buying or selling. Your local expertise is priceless.

Jan 27, 2015 11:47 PM #8
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Michael these are beautiful homes. The tree lined streets and unique homes make the Pasadena California Bungalow Heaven Landmark District Homes area a real choice location. In looking for property or selling a home I would want the help of a person who had long term knowledge of the area, loved the architectural styles and was a true Professional Realtor. That person is Michael Jacobs 

Jan 28, 2015 12:59 AM #9
Rainmaker
4,492,654
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

I love the Bungalow style, it is disctintly California.  There are many areas of Santa Monica, West Hollywood and Los Angeles (around Crescent Heights and Sunset) that have these bungalows.  Pasadena has that additional flair of the Craftsman version, and I do hope you keep and eye on the one Endre Barath, Jr. wants.  A

Jan 28, 2015 01:48 AM #10
Rainmaker
5,428,160
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I love the name Bungalow Heaven. Thanks for telling us about this community.

Jan 28, 2015 02:45 AM #11
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Hey MJ.  Is this where bungalows go when they die???  

Bungalow style home are very popular here in the Denver Metro Area.  I can see why this is a popular neighborhood in Pasadena.

Jan 28, 2015 04:31 AM #12
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - What an attractive selection of homes there is in Bungalow Heaven. I'm going to have to plan another trip just to get a tour of the Pasadena area from you - having your extensive market expertise on tap would be immensely informative...but I'll let you know I'm coming this next time.

Jan 28, 2015 05:23 AM #13
Rainmaker
1,398,427
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Micheal...you really hit the mark for me on this one...I love the bungalow style homes.

Jan 28, 2015 05:25 AM #14
Rainmaker
774,028
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

Michael, I love the idea of a Bungalow Heaven Tour - I will be the first one on line.  Bungalows always reminded me of Hollywood and so glad to know that they are in Pasadena too.  Michael Jacobs is the REALTOR OF CHOICE if you are buying or selling in the Pasadena area.

Jan 28, 2015 06:29 AM #15
Rainmaker
2,772,745
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Hope everything works out! As the song says,… Almost Paradise, we're knocking on Heaven's door! Love an light as usual!

Jan 28, 2015 03:05 PM #16
Rainmaker
2,772,745
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Joanna is right on this one on the money! I i've heard something new is on the horizon.

Jan 28, 2015 03:11 PM #17
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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

Oh, I spotted Bungalow Heaven and knew I had to see this post of yours, Michael. I've said it before, one of my favorite styles. Alexandra mentioned that I'd love to visit Pasadena because of this reason alone. This tour would be heavenly. Bet it's well-attended. D 

Jan 29, 2015 02:13 AM #18
Rainmaker
3,363,696
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much to each of you for stopping by and your comments on the Bungalow Heaven Landmark District in Pasadena.  It is a very special place and as the first such district in the city has received much acclaim here and thoroughout the country.

Belinda Spillman - I first heard the name long before I was in real estate and before its official designation and you're right it often brings a smile(and a bit of a laugh) when you say Bungalow Heaven for the first time.

 I can assure you the bungalows do not go there to die and in fact -- just the opposite -- so many of them are brought back to a life that is re-imagined and often so much better than existed in the early 1900s. 

Jan 30, 2015 02:10 AM #19
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Move to the rear, Endre Barath, Jr. , that's my home in Bungalow Heaven you think you can have!  I know that Michael Jacobs will be MY realtor and he can find me the home of my dreams in Bungalow Heaven....which is a special place.

Jan 30, 2015 09:57 AM #20
Rainmaker
3,209,420
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Suzanne McLaughlin  wow I am just chopped liver now?:)))

Jan 30, 2015 09:59 AM #21
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Kiss, kiss, Endre Barath, Jr.   Endre....you will never be chopped liver in my book.

Jan 30, 2015 10:04 AM #22
Rainmaker
3,363,696
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Suzanne McLaughlin and Endre Barath, Jr. -- although inventory of homes for sale in Bungalow Heaven is low with approximately 900 homes in the neighborhood, I'm sure I could find each of you one that would be a good match.

Jan 30, 2015 12:26 PM #23
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