South Pasadena, CA Real Estate News

By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Lofts Condos Townhomes For Sale and Update 2.5.15   This is a recap of South Pasadena lofts, condominiums and townhomes for sale along with an update on recent market activity as of February 5, 2015.  All statistical information is from our local multiple listing service(mls) and may not include all activity in the marketplace.     Well-known for its character homes on tree-lined streets, South Pas, as it is often called by locals - there are also lofts, condominiums and townhomes in the city. Much more limited in number, they offer an alternative to those who desire a more carefree lifestyle while taking advantage of all that South Pasadena has to offer: Highly regarded schools, popular parks and recreation programs, a weekly Farmers Market, easy access to a Gold Line...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Homes For Sale and Market Update 2.5.15   This is an update of South Pasadena homes for sale and recent market activity. Statistical information in this report has been gathered from our local multiple listing service(mls)as of February 4, 2015 and may not include all transactions.      South Pas, as it is also known, is an independent city and not part of its larger neighbor - Pasadena. In South Pasadena you will find a setting that seems like a small town yet is close enough to big city conveniences.  Highly ranked schools(the district is currently in the top ten for the state of California), well-regarded library, outstanding parks and recreation programs plus unique dining and shopping options combine to enhance the neighborhood feel where parades and festivals are...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
Super Bowl Sunday or Groundhog Day Eve?   We know that in real estate timing is very important.  Our CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) purchase agreement clearly states so -- time is of the essence.  Days and dates and specific times are very meaningful.   So, as I understand it, there is a big event today, Sunday February 1, 2015. While the New England Patriots meet the Seattle Seahawks in Glendale, Arizona for Super Bowl XLIX and canines will play in Puppy Bowl XI...today marks yet another reason to close up shop and stay off the roads in order to properly prepare for a big event:   Today is Groundhog Day Eve....   Little did I know such a momentous occasion would prompt a store closing up shop until I stopped by the UPS Store in South Pasadena at 1107 South Fair Oaks Avenu...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Altos de Monterey Homes for Sale and 2014 Update   This is a recap of 2014 sales for the Altos de Monterey neighborhood in South Pasadena.  Also known simply as The Altos, the neighborhood was first developed beginning in the 1960s to the 1980s.     It is much different than what is thought to be typically South Pasadena where you will find character style homes on tree-lined streets in what looks like a scene right out of quintessential Main Street USA.  Homes in this neighborhood cover the architectural gambit but are generally much more modern.     The setting is in the hills just south of Monterey Road and most of the street names are Spanish and many of the custom or semi-custom homes have some spectacular hillside, valley or city views.  Inside you will find home...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Homes For Sale and Market Update 2014     This is a summary of South Pasadena homes for sale and a real estate market update for sales in 2014 with a comparison to 2013 sales.      Statistical information presented in this report is from our local multiple listing service and may not include all transactions in the area.   South Pasadena is a separate city within the San Gabriel Valley of Los Angeles County.  It is well-known for its character homes on tree-lined streets which have made it a popular filming destination for its ability to “play” Small Town America.  Highly acclaimed public schools, popular parks and recreation programs, a well-regarded library and its convenient location boost the appeal of this city which was incorporated in 1888.      On and around Mi...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Condos Lofts Townhomes 2014 Real Estate Market Recap   This is a recap for the condominium, loft and townhome segment of the South Pasadena real estate market for 2014.   All statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all sales activity.   South Pasadena, fondly called “South Pas” by many of its residents, is a separate city within the San Gabriel Valley of Los Angeles County.   It is a separate city and not part of its larger and better known neighbor, Pasadena.   With its tree-lined streets and many character homes, it offers a small town appeal with big city conveniences.      Single family homes are the majority of the real estate market here but there are condos, lofts and townhomes for...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA No Award But Rose Parade Float is Still Winning     2015 is well underway and the Pasadena Tournament of Roses Parade(which is held each January 1) is definitely behind us. During December, I told you of the city of South Pasadena and the volunteers behind the city’s self-built float parade entry entitled “Still Winning”(see end of this report for links).   As I mentioned in those posts, the majority of the floats in this parade are built by professionals and sponsored by large corporations.      South Pasadena was one of seven in the parade that was self-built by enthusiastic and hard working volunteers. Although the float “Still Winning” was a popular one, there was no award given to it.   As I stopped by the South Pasadena War Memorial Building and the float buildin...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Petal Pushers And The So Pas Rose Parade Float 2015   Another visit to a location just behind the South Pasadena War Memorial Building revealed more progress on the city’s self-built float entry for the 126th Annual Tournament of Roses Parade on Thursday, January 1, 2015.   South Pasadena has the oldest self-built float in the parade(and one of only seven self-built floats in the parade out of 41 entries this year).      As I have written previously, the all-volunteer effort by South Pasadena(locally known as South Pas and not a part of the city of Pasadena) is just another effort by the city known for its small town appeal.      This year’s float is entitled “Still Winning” and is a part of the overall parade them “Inspiring Stories”.      South Pasadena’s entry was c...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Tournament of Roses Parade Float Update Jan 01, 2015   The countdown to January 1, 2015 is here and it will soon be time for the 126th Annual Tournament of Roses Parade(better known as the Rose Parade).   This is an update of the city of South Pasadena’s entry into the parade.  While most of the floats are professionally designed and built with corporate sponsorship, the city of South Pasadena is one of seven(and is the oldest) self-built floats in the parade.     Late Sunday evening, I stopped by the float building site to check on progress -- flowers have arrived and volunteers are busy working three shifts to make sure everything is in order for the five-and-one-half-mile trip down Colorado Boulevard this Thursday.   This year’s parade theme is “Inspiring Stories” a...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
      South Pasadena CA Is Often A Stand In For Small Town America With its many tree-lined streets of character homes and interesting mix of small businesses, South Pasadena, California reminds many of an idyllic example of Small Town America.   So it makes sense that South Pas(as many  locals call their hometown) is often the choice to play Anywhere USA in movies, on television and in advertising.      It’s actually quite a common occurrence.   So you will see trucks with film crews often on city streets or behind businesses. Canopies on front lawns of homes are used for catering for cast and crew.   Lights - Cameras - Lots of Action   Maybe you will see, as a client of mine relocating from the East Coast, and ask why there were circa 1960 Boston police cars lined up by Garfield House...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena Tournament of Roses Parade 2015 Float "Still Winning"         On Thursday, January 1, 2015 hundreds of thousands of people on the streets of Pasadena along with millions of people worldwide watching on television will see floats, marching bands and equestrian units walk down Colorado Boulevard for the 126th Tournament of Roses Parade.      This week, I went to the site behind the Veteran's War Memorial on Fair Oaks Avenue where the float is being constructed to see progress for the float by the city of South Pasadena.     The city of South Pasadena has the oldest self-built float in the parade and one of only seven self-built out of the 41 floats in the parade this year.    Most of the floats are built by professional companies with corporate sponsorship. With its all vol...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
In December of 2014 Trulia.com reported median homes sales prices fell 10.8% in South Pasadena, California between September 2014 to December 2014 to $945,000, from the previous quarter, but jumped 11.1% from the same time in December of  2013. An average home listing price in South Pasadena, California on Trulia was higher 0.6% to $1,200,926 on December 3, 2014 from previous week, and decreased 2.0% from week ending November 12, 2014. An average square foot for homes jumped 12.9% higher to $588 in December of 2014 from December of 2013 in South Pasadena, California.  For more complete detailed information about market trends at South Pasadena, California on December 3, 2014, please CLICK HERE
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Homes For Sale and 90 Day Market Trend Dec 4, 2014   This is a recap of South Pasadena homes for sale along with those in escrow and sales for November and the last 90 days in 2014 with a comparison to the same periods in 2013.   Statistical information in this report is from our local multiple listing service(mls) as of December 4, 2014.   South Pasadena is a separate city within the San Gabriel Valley of Los Angeles County.  It is often likened to a small town because of its tree-lined street of character homes which double as Anywhere USA in films, television and advertising. There is a popular weekly Farmers Market at the Gold Line light rail train station which is also close to interesting shopping and dining.   Exceptional schools, a public library along with a p...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA | Condos Lofts Townhomes Market Update Dec 3, 2014   This is a recap of South Pasadena condos, lofts and townhomes for sale along with recent market activity for the month of November as well as the first eleven months of 2014 with a comparison to the same time periods in 2013. All statistical information is from our local multiple listing service(mls) as of December 2, 2014.      South Pasadena is a separate city(not part of the city of Pasadena) within the San Gabriel Valley of Los Angeles County.  The city with a population of approximately 26,000 has a small town atmosphere with highly acclaimed schools(ranked in the top ten by the state of California), well-regarded parks and recreation programs, popular library and a unique collection of shopping and dining.  The...
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By Lee Bothast, CRS, 2nd Generation Pasadena Area Realtor
(Coldwell Banker Residential Brokerage)
Here’s the market update for South Pasadena Homes for Sale for the week ending 11/16/14: It's a Seller’s Market, Here's why: 1.5 months supply of homes trending 26 Homes available total # Condos Available: 7 (0 new this week) # Single Family Homes Available: 19 (2 new this week) The 6 month numbers are as follows: Average Sale Price: $1,039,344 Median Sale Price: $950,000 Average Days on Market: 38 Average Sale Price to List Price Ratio: 103.80 Of Special Note this week: Does South Pasadena’s great community and homes continue to buck what appears to be the area wide slowing trend? One would think so given that since late September the inventory has gone down while all other indicators remain strong: Average sale price, sale price to list price ratio, median sale price and days on marke...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Mission Meridian Village Townhome - Just SOLD     On Friday, November 14, 2014 -- a townhouse style unit at Mission Meridian Village in South Pasadena SOLD.  I represented the buyers in this transaction which involved multiple offers and the home selling over its list price of $729,000.   The California Mission-style two story residence is located in the corner of the 67 unit complex which consists of patio homes, townhouse-style condos, flats, lofts and ground level retail in a variety of architectural styles.   The development fits naturally into the historic neighborhood located just north of vibrant Mission Street with its cafes, galleries and interesting stores, the Gold Line light rail station and site of the weekly Farmers Market.  The award-winning complex was ...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA Condos For Sale and Market Update - October 2014   This is a recap of South Pasadena condos, townhomes and lofts for sale as well as a summary of those in escrow, sold in October along with year-to-date market activity in 2014 with a comparison to the same time periods in 2013.   All information is from our local multiple listing service(mls) as of November 5, 2014   South Pasadena is a separate city within the San Gabriel Valley of Los Angeles County with a population of 25,959(as of 2013).   Commonly known by South Pas, the city features highly acclaimed public schools(currently ranked in the top ten districts in the state), well-regarded library, excellent parks and recreation programs and is reminiscent of small town America with its many tree-lined streets and cha...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA | Homes for Sale and Market Update October 2014   This is a recap of South Pasadena homes for sale along with those in escrow, sales in September and for the first nine months of 2014.   Statistical information in this report is from our local multiple listing service(mls) as of October 3, 2014.     South Pasadena is a city of approximately 26,000 in the San Gabriel Valley within Los Angeles County.  With its convenient location and small town atmosphere, South Pas as it is often called it, is a popular choice.  While well-known for its character homes on tree-lined streets, there is quite a bit of architectural diversity for patient home buyers.  I say patient because inventory levels have traditionally been low in South Pasadena.  Today, it is common to find properti...
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By Michael Jacobs, Los Angeles Pasadena 818.516.4393
South Pasadena CA | Condos For Sale and Market Update October 2014   This is a recap of South Pasadena condos, townhomes and lofts for sale, in escrow and sales for the month of September and for the first nine months of 2014. Statistical data has been collected from our multiple listing service(mls) as of October 3, 2014.      South Pasadena is a separate city -- not part of the city of Pasadena -- in the San Gabriel Valley within Los Angeles County.  The city with approximately 26,000(2013) residents is located north of Downtown Los Angeles and offers a small town atmosphere of tree-lined streets and character homes and used in movies, television shows and advertising portraying Anywhere USA.   With highly acclaimed schools, interesting dining and shopping along with its convenient lo...
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By Lee Bothast, CRS, 2nd Generation Pasadena Area Realtor
(Coldwell Banker Residential Brokerage)
Here’s the market update for South Pasadena Homes for Sale for the week ending 9/21/14: It's a Seller’s Market, Here's why: 2.8 months supply of homes trending 39 Homes available total # Condos Available: 11 (0 new this week) # Single Family Homes Available: 28 (3 new this week) The 6 month numbers are as follows: Average Sale Price: $1,043,071 Median Sale Price: $983,000 Average Days on Market: 40 Average Sale Price to List Price Ratio: 104.42 Of Special Note this week: Despite a general Pasadena area appearance that the market has slowed in it’s pace of increase, South Pasadena has remained stable, back to at least July! No change in inventory; a slight increase in supply; no real change in price, either median or average; and the pace and sale price ratio has not changed much at all....
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