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South Pasadena, CA Real Estate News

By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA Real Estate Market Update - 03.02.14   This is a summary of the South Pasadena real estate market as of March 2, 2014.  It covers sales for the first two months of the year with a comparison to the same period in 2013.   The update is divided into categories - single family homes and condos, lofts and townhomes.  All statistical information is from our local multiple listing service(mls).   South Pasadena celebrated its 125th birthday in 2013 and is a separate city within the San Gabriel Valley of Los Angeles.  It is adjacent to the city of Pasadena, Alhambra, San Marino and the city of Los Angeles.   It is well-known for its highly acclaimed school district(once again in the top ten for the state in 2013) and its small town charm of character homes on tree-lined stree...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA Real Estate For Sale and Market Update 02.06.14   This is a real estate update for South Pasadena as of February 6, 2014 with statistical information from our local multiple listing service(mls).  The update includes single family homes, condos, townhomes and lofts currently for sale, in escrow and sales in January 2014 with a comparison to January 2013.      South Pasadena has a small town charm where you can find  tree-lined streets with character homes as well as more modern homes with incredible views in the hills.   The city which is an independent city - not a part of Pasadena - is used extensively in films, television, commercials, video and print media as it can often fit the role as Anywhere USA.      The school district is well-regarded and the library plus i...
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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 2/3/14:   It's a Seller’s Market, Here's why:   1.5 months supply of homes trending 22 Homes available total   # Condos Available: 7 (1 new this week)   # Single Family Homes Available: 15 (1 new this week)   The 6 month numbers are as follows:   Average Sale Price: $943,323   Median Sale Price: $800,400   Average Days on Market: 51   Average Sale Price to List Price Ratio: 102.29   Of Special Note this week: Only 2 new properties became available this week, although 1 of the properties had been on before with another agent, and 4 closed escrow, all at or above list price! With demand remaining high for this great community, 5 South Pasadena homes for sale went into escrow this week, which despite 2 new hom...
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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 1/20/14: It's a Seller’s Market, Here's why:   1.5 months supply of homes trending 25 Homes available total   # Condos Available: 8 (1 new this week) # Single Family Homes Available: 17 (4 new this week!) The 6 month numbers are as follows: Average Sale Price: $972,106 Median Sale Price: $835,000 Average Days on Market: 48 Average Sale Price to List Price Ratio: 102.35   Of Special Note this week: The speed coming out of the holidays is picking up, not at the pace equal to that in 2013, but noticeable enough given new inventory for the week and 3 new offers accepted for new escrows. With closings down due to the time lag of the holidays 1 month ago (based on assumed 30 day escrow periods), the average sale pr...
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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 1/13/14:   It's a Seller’s Market, Here's why:   1.3 months supply of homes trending 23 Homes available total   # Condos Available: 8 (1 new this week)   # Single Family Homes Available: 15 (4 new this week!)   The 6 month numbers are as follows:   Average Sale Price: $981,485   Median Sale Price: $835,000   Average Days on Market: 47   Average Sale Price to List Price Ratio: 101.54   Of Special Note this week: Happy New Year! A month over the holidays in South Pasadena does not miss much in the way of real estate, its extremely slow, and this year was no different. Inventory dropped as existing properties sold, and seller’s were distracted by holiday activities instead of going on market, while existing bu...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena Homes for Sale and Real Estate Market Update 01.07.14     This is a summary of South Pasadena CA homes for sale and the real estate market update for those currently in escrow and sales for 2013 with a comparison to 2012 sales.  All information is from our local multiple listing service(mls) as of January 6, 2014.   South Pasadena is a separate city within the San Gabriel Valley of Los Angeles.  In 2013, the city celebrated its 125th birthday.  It is so widely known in the area as capturing the spirit of small town America with its tree-lined streets of character homes that it often fills in for cities across the country for filming.     Add in well-regarded schools, popular parks and recreation programs, a fine public library and you can understand the popularity of the ...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA Townhomes for Sale and Market Update - 01.06.14   This is a summary of South Pasadena townhomes currently for sale, in escrow and sold in 2013 with a comparison to sales in 2012.   All information is from our local multiple listing service(mls) as of January 5, 2014.   For people who like a more carefree lifestyle, a townhouse may be a great option. Each of the townhomes in this report has a garage which is an added benefit especially these days when many of us have “too much stuff”.        South Pasadena benefits from a highly acclaimed school district, popular parks and recreation programs, well-regarded public library along with a small town atmosphere where you’ll find unique shops, dining and galleries.      Often used in filming because of its Anywhere USA appear...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA Condos for Sale and 2013 Real Estate Market Update   This is a summary of the South Pasadena market update for the condominium segment of the real estate market update.   All statistical information is from the local multiple listing service(mls) as of January 5, 2014.   For purposes of this report condos are generally single level floor plans but there are some two level units included.  Lofts are not considered in this report.   Also those included here have carport or subterranean parking and not private garages.         With its small town charm and tree-lined streets, unique shops and restaurants, well-regarded schools, popular parks/ recreation programs, a highly acclaimed public library and convenient location, South Pasadena is a popular destination for many ho...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA - Lofts for Sale and 2013 Real Estate Market Update     This is a summary of the South Pasadena market update for the lofts segment of the real estate market update.   All statistical information is from the local multiple listing service(mls) as of January 5, 2014.   The number of lofts in South Pasadena is small in comparison to the total real estate market but it is one that garners quite a bit of attention.  Within the city, there are some lofts that have been transformed from older buildings to those that were built new.   South Pasadena is a separate city within the San Gabriel Valley known for its small town charm with tree-lined streets, unique shops and restaurants, well-regarded schools, popular parks and recreation programs, highly acclaimed public library a...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA - Crunch Time For The Rose Parade           Crunch time is that time as the Rose Parade approaches and the final flowers are attached to each of the floats hit that famous intersection of South Orange Grove and Colorado boulevards.       Most of the floats in the annual Rose Parade are sponsored by large companies and built by professional float builders.  South Pasadena is participating in the 125th Tournament of Roses parade and is one of the few self-built floats in the annual event.   This all volunteer effort ensures the float from the city of South Pasadena is beautifully decorated with roses, flowers, seeds and other organic materials.     On Monday, I stopped by the tent behind the War Memorial Building on Fair Oaks Avenue under the Oaklawn Bridge to check on p...
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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 12/15/13:   It's a Seller’s Market, Here's why:   1.3 months supply of homes trending 22 Homes available total # Condos Available: 9 (0 new this week) # Single Family Homes Available: 13 (1 new this week!)   The 6 month numbers are as follows: Average Sale Price: $991,633 Median Sale Price: $842,526 Average Days on Market: 39 Average Sale Price to List Price Ratio: 102.19   Of Special Note this week: Average sale price is down from the previous week, which I think is statistical and not indicative of a trend. Average dollar per square foot is up slightly, as is sale price to list price ratio. 2 properties closed this week, including my buyer at 626 N. Garfield. They are very excited 1st time homebuyers and ar...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA - San Pasqual Mediterranean-Inspired Townhomes   This is a summary of the real estate market activity for the San Pasqual Mediterranean-inspired townhome complex in the city of South Pasadena.   All information is from our local multiple listing service(mls) as of December 15, 2013. The information reflects activity year-to-date 2013 with a comparison to full year 2012 and 2011.   The San Pasqual townhome community was built 1986.  It consists of 34 multi-level townhomes with distinctive architecture reminiscent of early California.  The professionally managed complex has a pool, spa, beautiful lounge area and recreation/meeting room.   The grounds feature mature landscaping .  The residences are two or three bedrooms with up to two-and-one-half baths.     Featuring dr...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena, CA - Franciscan Woods Townhome Community   This is an update of real estate market activity for the Franciscan Woods townhome community in the city of South Pasadena.   All information is from our local multiple listing (mls) service as of December 9, 2013.   Built in 1975, Franciscan Woods consists of 46 townhomes that are situated on lane near Garfield Park.  The wooded environment with mature landscaping and meandering pathways is quite appealing.  The complex features a community pool as well.     The residences at Franciscan Woods are multi-level with spacious rooms and two or three bedrooms.  There are attached two car garages with direct access to the home.  The indoor-outdoor appeal of the townhomes is evident with private patios, decks and balconies.   Additiona...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena Ca  Homes for Sale and 90 Day Real Estate Market Trend   This is a summary of South Pasadena homes for sale and a recap of the real estate market for last 90 days.   Information as of December 6, 2013 and is from our local multiple listing service(mls).      South Pasadena celebrates its 125th birthday in 2013 and is well-known for its small town atmosphere where you will find tree-lined streets with character homes. From the weekly award-winning Farmer’s Market near the South Pasadena Gold Line station to its high ranking public schools, well-regarded parks and recreation programs to the unique blend of interesting shops and restaurants - South Pasadena is a popular destination for many.     There are currently 15 South Pasadena homes for sale as of December 6, 2013(per ...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA Condos Lofts Townhomes for Sale and Market Update   This is a summary of South Pasadena condos, lofts and townhomes for sale as well as a recap of November sales and year-to-date transactions for 2013 with a comparison to the same time periods in 2012.   Statistical information is from our local multiple listing service(mls) as of December 5, 2013.   South Pasadena is a separate city(not part of Pasadena) within the San Gabriel Valley of Los Angeles County.   The city with a population of about 26,000 boasts highly acclaimed public schools, well-regarded parks and recreation programs, a popular library and a small town atmosphere that is well-known as a stand-in for Anywhere USA in films, television and other media.   The city’s single family homes range from small cot...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA - Arroyo Oaks Condos Market Update   This is a market update for the Arroyo Oaks condominium complex in South Pasadena as of November 20, 2013.  Statistical information is from our local multiple listing service(mls).      Arroyo Oaks consists of 62 single level condominiums in two buildings(124 and 130 Monterey Road) built in 1981.   With its Mediterranean architectural influence the complex features two central courtyards with mature landscaping, fountains and gazebos.  There is also a pool, spa, patio/lounge area and meeting/recreation room.   Parking is in a subterranean garage and there is additional guest parking on site.   The Arroyo Oaks condos range in size from one bedroom/den to two bedrooms. All units have two baths.   Interior features include fireplaces a...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA Homes for Sale and Market Update   This is a summary of South Pasadena single family homes for sale as of November 7, 2013 with a recap of October and 2013 year-to-date sales results. I will also compare results for the same time period in 2012.  All information is from our local multiple listing service(mls) and while deemed reliable is not guaranteed.     South Pasadena is a city(and separate from the city of Pasadena) in the San Gabriel Valley of Los Angeles County.  It is highly convenient to Downtown Los Angeles and both the San Gabriel and San Fernando Valleys.   The city, celebrating its 125th birthday in 2013, boasts highly regarded public schools(three elementary, one middle and one high school), a popular library and excellent parks and recreation programs al...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena CA - Condo Lofts Townhomes For Sale and Market Update   This is a summary of South Pasadena condos, lofts and townhomes for sale and the market update for this segment for the month of October as well as year-to-date 2013 with a comparison to the same time periods in 2012.   All information is from our local multiple listing service(MLS).      South Pasadena is a separate city within the San Gabriel Valley of Los Angeles. Currently celebrating its 125th birthday, the city is well-known for its small town charm with high performing schools(one of the top ten in California), well-regarded public library as well as popular parks and recreation programs.   The Mission Gold Line light rail station is the site of the weekly Farmer’s Market each Thursday afternoon.     As of Nov...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
It’s "Halloween" in South Pasadena - 2013     Want an especially scary time in South Pasadena today, October 31, 2013?     How about a trip to the South Pasadena Library?  Yes, the library.   Specifically the Community Room at the library on Halloween, Thursday, October 31 at 7PM.   Now listen, kids and I’ll tell you a blood-curdling tale.  Back in the mid-1970s, filmmaker John Carpenter chose South Pasadena as a co-star in his classic movie, the original “Halloween”.   South Pasadena, errr I mean the city known as Haddonfield in the movie had quite a bit of scream time with sites throughout South Pas standing in for some pretty scary locations.   The cult film continues to attract devoted fans to the city for self-guided tours.       In October 2013, John Carpenter was honored by the S...
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By Michael Jacobs, Pasadena And Southern California 818.516.4393
South Pasadena, CA - Vote on Tuesday, November 5, 2013       On Tuesday, November 5, 2013 South Pasadena registered voters will have the opportunity to cast their votes for two council seats and three seats on the board of education.   Leafy South Pasadena is celebrating its 125th year of cityhood in 2013 and is justly proud of its small town atmosphere, highly acclaimed schools, well-regarded public library and extensive parks and recreation programs.      But there are issues facing the city with its aging infrastructure, redevelopment issues including The Rialto Theatre and the long-battle over the 710  Freeway extension.   While the South Pasadena school district ranks high, there are funding issues and a changing testing model that must be dealt with.     The candidates running for...
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