What Sold Along The Lower Arroyo Neighborhood in Pasadena?

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

What Sold Along The Lower Arroyo Neighborhood in Pasadena?  

 

This is a real estate market activity report for the Lower Arroyo neighborhood in Pasadena.  In this report, I will also share information regarding sales of homes in 2016 along with a comparison to full year sales Homes in the Lower Arroyo Neighborhood in Pasadenafor the previous two years.  In addition, I am including a recap of homes for
sale, in escrow and sales so far in 2017.  

 

The statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the area. For purposes of this report, the boundaries I am using are Colorado Boulevard and the Colorado Street Bridge as the northern border, South Orange Grove Boulevard(Millionaire’s Row) to the east and the Arroyo Seco to the west.  The city’s border with South Pasadena is the southern boundary.   

 

Homes in Lower Arroyo Neighborhood in Pasadena 91105The Arroyo Seco(Spanish meaning - dry stream, creek or riverbed) runs nearly 25 miles from its origin in the Angeles National Forest in the San Gabriel Mountains.  It eventually reaches Pasadena, the Rose Bowl and Brookside Park.  It travels southward and then merges with the Los Angeles River near Dodger Stadium just north of Downtown Los Angeles.  The first freeway in the area, the Arroyo Seco Parkway(110) runs parallel to the Arroyo Seco from South Pasadena.  

 

The setting is quite idyllic with magnificent vistas and tree-lined streets.
Within the neighborhood, you will discover different enclaves which are unique districts onto themselves.  Yet the neighborhood is quite convenient to abundant culture, shopping, dining, entertainment in Old Pasadena, Civic Pasadena 91105 Lower Arroyo NeighborhoodCenter, Pasadena Playhouse and Paseo Colorado. Transportation via multiple freeways is also easily accessible.  

 

The homes located here vary extensively in both size and architecture.  You can see many examples of Craftsman architecture which is obviously inspired the beauty of the river rock and the natural contour of the Arroyo as well as ranch style homes in the Busch Gardens enclave - the former turn-of-the-20th- century home of Adolphus Busch and called the first Busch Gardens in the United States -- not an amusement park with beer just beautiful gardens in its day.

 

Homes in Lower Azusa Neighborhood in Pasadena

 

 

  • There were 17 mls-reported closed transactions of homes in the Lower Arroyo neighborhood.  These have sales ranged from $1,003,500 to $4,290,000 with an average sales price of $1,865,508(median sales price $1,700,000).  Ten of those sales were at or above last list price for an average 98.35% with a price per square foot of $680.13 for the year.   

 

  • From January through December 2015, there were 21 closed sales reported ranging from $945,000 to $4,450,000 with an average sales price of $1,897,882(median $1,721,281).  They sold at 102.71% of last list price and for $662.66 per square feet for the year.

 

  • For full year 2014, there were 19 closed transactions.  These sales ranged from $1,175,000 to $3,900,000 with an average price of $2,162,426(median $1,955,000).   They sold at 102.92% of last list price and for $637.50 per square foot on average.

 

  • There are currently two homes on the market for sale.  One built in 1939, it is a replica of the 17th century Spanish Colonial Governor’s mansion in the city of Antigua. Guatemala.   Featured in Architectural Digest, the home is currently listed for $4,700,000.  The other is a circa 1951 Monterey Colonial designed by Roland Coate on a cul-de-sac in the Upper Busch Gardens area.  With approximately 2705 square feet, it is listed for $2,495,000.   There are two additional homes in escrow.   There have been no sales reported so far this year.  

 

Pasadena Homes in Lower Arroyo Neighborhood

  

This report should serve as an introduction to the neighborhood and does not address the specifics necessary for a prospective buyer to determine a possible purchase price or a homeowner thinking of selling to arrive at an appropriate listing price.   

 

The neighborhood and its homes are unique and each needs extra analysis.  This, like most Pasadena neighborhoods, is not a tract development and the nuances between homes and location within the neighborhood as well as typical factors such as home and lot(and usability) size, view, condition, updates(or lack thereof), emotional appeal and timing are all important considerations.

 

If you are thinking of purchasing or considering a sale in the Lower Arroyo or any Pasadena neighborhood, let’s discuss what is important to you.   I can be reached at 818.516.4393 cell.

 

Colorado Street Bridge in Pasadena

 

Published:   February 6, 2017

 

What Sold Along The Lower Arroyo Neighborhood in Pasadena?  

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 02/07/2017 02:00 AM
Topic:
Real Estate Market Trends
Location:
California Los Angeles County Pasadena
Groups:
CALIFORNIA REAL ESTATE
HyperLocal Neighborhood and Community Posts
WeBlog Anything (almost)!
2017 Market Trend Reports
Tags:
colorado street bridge
lower arroyo neighborhood in pasadena
arroyo seco pasadena
what is my lower arroyo home worth in pasadena
what is my pasadena busch gardens home worth

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Rainmaker
2,835,036
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Michael Jacobs knows what sold along the Lower Arroyo Neighborhhood in Pasadena. Don't you want to know too? Call him today and find out all the details of the surrounding areas also!

Feb 06, 2017 04:44 AM #1
Rainmaker
4,252,332
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 informed about the Lower Arroyo neighborhood in Pasadena.  

Feb 06, 2017 05:05 AM #2
Rainmaker
1,960,610
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Tree lined roads always catch my eye, so I am sure that I would enjoy cruising around the Lower Arroyo neighborhood.

Feb 06, 2017 05:19 AM #3
Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Not a bad place to live by the looks of this Monday morning market report for The Lower Arroyo Neighborhood in Pasadena. Thank you Michael Jacobs

Feb 06, 2017 06:24 AM #4
Rainmaker
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Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Good Morning Michael, you know the Lower Arroyo neighborhood in Pasadena and always have a pulse on the market. Buyers and sellers who want to learn more and seek the best representation in Pasadena need to contact you. 

Feb 06, 2017 06:35 AM #5
Rainmaker
4,605,060
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your wonderful local real estate market reports.

Feb 06, 2017 07:06 AM #6
Rainmaker
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Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

This is just another example of fine eye candy marketing by Michael Jacobs who delivers quality services and extraordinary marketing reports!

Feb 06, 2017 07:32 AM #7
Rainmaker
1,375,354
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, I love the tree-lined streets that's shown in the picture. Whether be in Lower Arroyo or anywhere in Pasadena CA, you are the real estate agent buyers and sellers would be wise to call. Working with a knowledgeable, caring, trusted agent makes a great difference. If I was buying a home in Pasadena CA, I wouldn't even think twice, you would be the one I would choose.

Feb 06, 2017 10:10 AM #8
Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael Jacobs - Your real estate market reports are loaded with great local information and data.  I hope buyers and sellers call you for help first!

Feb 06, 2017 10:33 AM #9
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

With all the recent rains, I am wondering if the Arroyo Secco is running.  I agree with Beth Atalay you are the only one I would refer for Pasadena and its environs.

The Santa Ynez river  has been our version of  the Arroyo Secco was almost overflowing and is now filling the Lake Cachuma reservoir...

Feb 06, 2017 11:53 AM #10
Ambassador
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Very nice report for the Arroyo Secco community.  I love how you translated the meaning of the Spanish name.

Feb 06, 2017 01:01 PM #11
Ambassador
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - The Lower Arroyo neighborhood has some lovely home, and looks like a very attractive neighborhood. Interested buyers could find no better resource than your extensive market knowledge and expertise.

Feb 06, 2017 02:28 PM #12
Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Happy Monday Michael- I love the Lower Arroyo neighborhood!  If I were a buyer interested in this area, I would definitely contact the local expert on this, and that would be you. 

Feb 06, 2017 06:54 PM #13
Rainmaker
2,882,664
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you very much for stopping by and your comments on this real estate update for Lower Arroyo neighborhood in Pasadena.  

Feb 07, 2017 07:14 AM #14
Rainmaker
636,906
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Well written report and great local infomration! -Kasey

Feb 07, 2017 01:43 PM #15
Rainmaker
2,882,664
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you Kasey Kasey & John Boles and the team at Jon Gosche Real Estate, LLC/

Feb 08, 2017 07:32 AM #16
Rainmaker
577,199
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

I love your local market reports, Michael Jacobs. Not only are they valuable information, the presentation and photos are very professional and eye-catching. Amazing work...really! 

Feb 08, 2017 10:50 AM #17
Rainmaker
2,882,664
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Thank you, Jane Chaulklin-Schott for your very kind comments.   

Feb 08, 2017 11:06 AM #18
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