Del Mar Court 625 East Del Mar Blvd Condos in Convenient Pasadena Location
This is a real estate market activity report for the Del Mar Court condominium complex in Pasadena. I will share information regarding units currently on the market sale as well as full year sales results for the previous three years. Statistical information in this report has been gathered from our local multiple listing service(mls) and may not reflect all transactions in the complex.
Del Mar Court(also known as Del Mar Courts) is located at 625 East Del Mar Boulevard at the northwest corner of El Molino Avenue in a central and convenient Pasadena location. Residents are close to South Lake Avenue, 
California Institute of Technology, Playhouse District, Paseo Colorado, Civic Center and Old Pasadena along with multiple freeways plus a Gold Line light rail station. You’ll be in the center of many spots to dine, shop, be entertained, to learn and to experience new and exciting things. Walkscore calls the location “very walkable” where most errands can be accomplished on foot. The current score is 86 out of 100 on the site.
Built in 1987, the 24 unit Del Mar Court consists of two bedroom/two bath floor plans ranging in size from just over 1100 to nearly 1300 approximate square feet. Interior features include fireplaces, good storage and in-unit laundry connections. Some units have wet bars. There is either a patio area or balcony. Parking is subterranean with two spaces per unit accessed off El Molino Avenue.
The entrance to the professionally managed complex is gated. There is a large central open courtyard with elevator access to each floor -- no long, dark hallways that you may find in some other condo complexes.
There are currently two units at Del Mar Court for sale. Both are on the second floor. One is a corner unit with approximately 1274 square feet and listed at $599,000. The other is about 1146 square feet and offered at $499,000. There have been no mls-reported sales so far in 2016.
There were three reported closed transactions in 2015 ranging from $418,000 to $444,000 with an average sales price of $429,000(median sales price $425,000). Two sold above the last list price for an average 99.92%. The average price per square foot for all units was $352.79.
In 2014, there were two sales. In April, a first floor corner unit closed for $425,000(list price $438,800). A unit with approximately 1276 square feet sold for $430,000(list $449,000) in September.
In 2013, there was just one closed transaction which was a third floor corner unit that had been previously purchased as a bank owned sale. The renovated unit sold in August of that year for $460,000(list price $439,000).
This report serves as an introduction and quick overview of the Del Mar Court complex. Different factors come into play when determining an offer price for buyers as well as other terms that will help you succeed. Both buyers and sellers need to review all information in greater detail than space permits in this brief sales recap. Location within the complex, upgrades(or lack thereof) and motivation are all important. If you would like to know more about Del Mar Court or any Pasadena real estate, please contact me at 818.516.4393 cell. Let’s discuss what is important to you.
Published: May 25, 2016
Del Mar Court 625 East Del Mar Blvd Condos in Convenient Pasadena Location
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