Lofts Condos Townhomes Sales in South Pasadena 2016

By
Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
https://activerain.com/droplet/4YQM

Lofts Condos Townhomes Sales in South Pasadena 2016   



This is a real estate market activity report for sales in the loft, condo and townhome segment in South Pasadena in 2016.   Additionally, I will share a recap of sold units for the previous three years as well as information Ostrich Farm Lofts in South Pasadenaregarding those actively on the market for sale and in escrow.  

 

Statistical information in this report is from our local multiple listing service(mls) and may not include all transactions in the category. Information is deemed reliable but it has not been verified and is not guaranteed.

 

Condos in South Pasadena for saleSouth Pasadena 91030 is also known as South Pas by locals and admirers alike and has a population of about 25,000.  It is a separate city and not part of its larger and better-known neighbor, Pasadena.   Many are attracted to the city with its small town atmosphere, highly acclaimed public schools, more than 100 acres of parks and playgrounds, a popular public library along with small retailers and interesting restaurants.   The weekly Farmers Market near the Gold Line light rail station at Mission and Meridian is a great gathering place each Thursday late afternoon/early evening.   

 

The city is known for its character homes on tree-lined streets, modern homes in the hills as well as a more limited number of condos, townhomes and lofts to be found in the city.

 

How Much Is Your South Pasadena Condo Worth

 

  • There were 57 mls-reported sales in 2016.  These closed transactions ranged from $385,000 to $1,625,000 with an average sales price of $649,372 (median price $605,000).  Over 85% of the sales were at or above last list price for an average 102.18% and an average price per square foot of $487.28 for the year.

 

  • In 2015, there were 59 closed transactions reported.  The sales ranged from $325,000 to $945,000 with an average sales price of $573,836(median $523,500).   They sold at an average 100.47% of last list price and for $463.12 per square foot on average.  

 

  • In the same January through December time period in 2014, there were 53 sales ranging from $307,000 to $858,000 with an average price of $577,161(median $534,000).   They sold at 100.77% of last list price and for $433.26 per square foot on average.

 

  • In the same period in 2013, there were 59 closed sales.  The transactions ranged from $285,000 to $838,000 with an average sales price of $507,936(median $475,000).   They sold at 100.61% of last list price and for an average price per square foot of $397.70.

 

  • There are currently eight properties available for sale ranging from $489,000 to $1,150,000 with an additional twelve in escrow.  

 

  • There is a new 38 unit development under construction on Mission Street. Many of these units are not reflected in the mls.  One has shown up in the mls as a sale($1,625,000) and there are several that are in the active/in escrow classifications.  The flats, townhomes and condos in the new complex have list prices from around $800,000 to $1,800,000.  

 

 

 

As always, when reviewing statistics a closer look at an individual property Mid Century Modern Condos in South Pasand complex is necessary for a prospective buyer looking to purchase or a homeowner to consider when arriving at a list price.  As you can see in this
report, a clear majority of the closed sales in 2016 were at or above list price further underscoring the competitive South Pas real estate market.   

 

When reviewing more details, we will analyze the individual unit, the complex, location within the city and within the complex as well as other factors including updates(or lack thereof), condition, timing and emotional appeal. History has shown that the numbers available at any given time are typically limited.  



If you would like to know more contact me at 818.516.4393 cell.  Let’s discuss what’s important to you whether you are a buyer thinking of a purchase or a property owner considering selling.  

 

Do You Want to live in A South Pas Condo

 

 



Published:  January 16, 2017

 

Lofts Condos Townhomes Sales in South Pasadena 2016   

 

 

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Rainmaker
884,886
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Michael, these lofts, condos and townhomes in South Pasadena continue to be a hot market. Selling over 102% of list!  This just shows that buyers need someone with your expertise to keep from overpaying and getting the best deal possible. 

Jan 16, 2017 06:20 AM #1
Rainmaker
1,332,237
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, I'd like to grab a cup of coffee and talk with you on that patio all day. What an inviting setting. It's clear the South Pasadena real estate market is going strong and it remains a great time to list. Buyers will need your expertise in such a competitive market as well. There's no one else I'd consider for representation in South Pasadena, you're simply the best.

Jan 16, 2017 07:08 AM #2
Ambassador
1,748,642
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Great reporting Michael. I know the loft living in Pasadena is very desirable. 

Jan 16, 2017 07:12 AM #3
Rainmaker
4,308,517
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael.  Thanks for keeping us updated with the sales of lofts, condos and townhomes in South Pasadena.

Jan 16, 2017 07:22 AM #4
Rainmaker
987,634
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Michael-Love the photos you have included especially the patio one. That is so inviting. The other one is that unusual statue of the man walking.  What is that made of?

Jan 16, 2017 07:30 AM #5
Rainmaker
2,897,433
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you for stopping by and your comments on this update of sales of lofts, condos and townhomes in South Pasadena.

Sharon Lee -- the statue is mention is at the Gold Line light rail station in South Pasadena at Meridian Avenue and Mission Street.  Each station along this particular route has art that reflects the neighborhood and made of metal.   

Jan 16, 2017 07:35 AM #6
Rainmaker
1,298,818
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Michael, when you have nice steady numbers rising over an extended period of time, it has to make you feel good about the future.

Jan 16, 2017 08:26 AM #7
Rainmaker
1,746,323
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

With currently 8 active listings, serious buyers need to contact you immediately. These lofts are becoming very popular and highly desirable. The market looks good! What a great way to start out the year - in a new condo!!!

Michael Jacobs - The best in the West!!!

Jan 16, 2017 10:02 AM #8
Ambassador
2,290,216
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

That back patio looks like the perfect place for a friendly hang out.  Another great insight into the loft, condo and townhomes real estate in Pasadena.

Jan 16, 2017 10:13 AM #9
Rainmaker
987,634
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Thank you Michael-It is a cool piece of art.

Jan 16, 2017 10:59 AM #10
Rainmaker
3,775,146
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

Glad to hear they are building new condos, that should alleviate the shortage in inventory a bit.  Love your first picture, it makes me want to sit there, have great conversations and drink some wine.  A

Jan 16, 2017 11:08 AM #11
Ambassador
1,588,809
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Pull up a chair for me too, I'll join you all on that balcony for a glass of wine. I also joing in the voices singing your praises - you are the only one to consider for real estate representation in South Pas and beyond. 

Jan 16, 2017 11:26 AM #12
Ambassador
2,183,723
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Your reports are always so comprehensive, but as you stated this is an overview of the condo loft townhome market, and each complex should be individually looked into.

Jan 16, 2017 04:20 PM #13
Rainmaker
3,236,073
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Michael

The  Condo and Townhome market in South Pasadena enjoyed an active 2016.

Good luck and success.

Lou Ludwig

Jan 16, 2017 07:24 PM #14
Rainmaker
2,753,026
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael loved the first picture, this is the type of Townhome Diane and I were considering but I wanted 3 bedrooms rather than two... so we did not buy in the Marina.... I love the ground floor with the California lifestyle of being in and out all year around with the exception when it rains:) Endre

Jan 16, 2017 09:20 PM #15
Rainmaker
2,897,433
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you very much for your comments.  

Jan 17, 2017 03:19 PM #16
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Rainmaker
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Michael Jacobs

Los Angeles Pasadena Area Real Estate 818.516.4393
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