South Pasadena CA 2013 1st Quarter Real Estate Market Update -- Single Family Homes       South Pasadena is a separate city within the San Gabriel Valley(it is not nor has ever been associated with the city of Pasadena).   The historic city recently celebrated its 125th birthday is well-known in the area for its small town atmosphere yet its convenient location, highly regarded schools and acclaimed local services make it a popular choice to live.   There are currently 15 single family homes on the market for sale ranging in price from $575,000 to $1,995,000.   If you are unfamilar with this market, it should be noted that ten of those homes have been on the market for less than two weeks - homes are selling quickly and in many cases with multiple offers and for more than the list price... 04/08/2013

Here’s the market update for South Pasadena Homes for Sale for the week ending 3/4/13: It's a Seller’s Market, Here's why: 1 1/3 months supply of homes trending 19 Homes available total # Condos Available: 4 (3 new this week) # Single Family Homes Available: 15 (6 new this week!) The 6 month numbers are as follows: Average Sale Price: $855,990 Median Sale Price: $745,500 Average Days on Market: 62 Average Sale Price to List Price Ratio: 98.66 Of Special Note this week: Can you say CASH….can you say MULTIPLE OFFERS? Yes, in my experience with my buyer pool this week, we’ve seen it all, including some VERY aggressive offer techniques. This is developing into a tough market for buyers as properties come on the market one week and are usually gone the next. A look at the numbers confirms th... 03/07/2013

Here’s the market update for South Pasadena Homes for Sale for the week ending 2/24/13: It's a Seller’s Market, Here's why: 1 month supply of homes trending 16 Homes available total      # Condos Available: 2 (nothing new this week) # Single Family Homes Available: 14 (4 new this week!) The 6 month numbers are as follows: Average Sale Price: $856,269 Median Sale Price: $745,500 Average Days on Market: 62 Average Sale Price to List Price Ratio: 98.96 Of Special Note this week: Activity has picked up, at least in the short run, with 4 new homes on the market and 4 new escrows opened. Nothing closed this week so there is really no movement in the 6 month numbers that an appraiser would use. 2 of the properties in the data this week are the result of a single individual making a lifestyle c... 03/07/2013

Market Update for Pasadena’s CalTech Area Homes for sale for week ending 2/24/13? CalTech Area Real Estate is a Seller's Market. Here's why: •     1.5 months supply of homes trending •     7 Homes available (2 new this week) The 6 month numbers are as follows: Average Sale Price: $809,956 Median Sale Price: $727,000 Average Days on Market: 68 Average Sale Price to List Price Ratio: 101.51% Of Special Note this week:  This area is seeing a severe shortage of homes for sale. It is most dramatically illustrated by the Sale Price to List Price ratio of over 100% with 16 of the last 25 sales closing over list price. One sold at 115% over list for $1,610,000! Although this might skew the numbers slightly it is indicative of the overall Pasadena market and with only 3 homes in escrow in this a... 03/07/2013

Here’s the market update for South Pasadena Homes for Sale for the week ending 2/18/13: It's a Seller’s Market, Here's why: 1 month supply of homes trending 16 Homes available total # Condos Available: 4 (2 new this week) # Single Family Homes Available: 12 (ONLY 1 new this week!) The 6 month numbers are as follows: Average Sale Price: $854,090 Median Sale Price: $745,500 Average Days on Market: 61 Average Sale Price to List Price Ratio: 98.95 Of Special Note this week: South Pasadena Real Estate Market continues its tight inventory trend that began to be seen last fall. Historically, about mid-2011 we were seeing about 64 homes on the market, and now we see numbers like those above – 16!  Multiple offers are picking up and reflecting the general mood of the market in the West San Gabri... 03/07/2013

Priorities, priorities, priorities: usually as Realtors, our priority is to ourclients, however, the past year and a half, my priority has been my strugglingfather's health. I have received many inquiries about why I discontinued my bloghere, and so I thought it appropriate to post a little note to explain, now thatI am coming back to this forum and it's loyal followers. In late October 2011, my father had cancer surgery, and then I became involved, with the rest of myfamily, in taking care of him since through that time. He passed away in January and sonow I'm returning full efforts to work and getting back to the priorities of myclients.  My father was an inspiration to me and how I run my business and treat myclients. He encouraged and supported my efforts to enter the real estateind... 03/07/2013

South Pasadena CA - February 2013 Single Family Home Market Recap This is a market recap for single family homes in South Pasadena.   This covers sales for the month of February 2013 as well as properties in escrow and current inventory available for sale as of March 5, 2013.  I will also compare it to February 2012.     South Pasadena is well known for its charming tree-lined streets with character homes in an atmosphere that is reminiscent of a small town.  In fact, it is quite common to see film trucks in the city often filling in for Anywhere USA.    South Pasadena boasts highly acclaimed public schools, an excellent parks and recreation program, a well-regarded public library and an interesting collection of interesting shops and restaurants.    There is a Gold Line light rail stat... 03/05/2013

South Pasadena - Condo - Lofts - Townhomes Market Update This is a market update for the South Pasadena condo, loft and townhome segment as of March 4, 2013.   In the past week, five properties have come on the market for sale.  With just six on the market, inventory is still very low in this category.  There are six properties in escrow.  February 2013 saw three sales ranging in price from $302,000 to $415,000 with an average closed price of $342,333(median $310,000) according to our local multiple listing service(MLS) statistics.   This compares to five sales in February 2012 and an average price of $480,000(median $485,000).   This change does not reflect a downward movement in price but is a function of the mix of sales. The January and February unit sales in the condo, loft and tow... 03/05/2013

South Pasadena CA - Happy 125th Birthday!   South Pasadena will celebrate its 125th birthday on Saturday, March 2, 2013.   The city will its “Quasquicentennial” with many activities ranging from a birthday cake to food trucks, music, a cupcake challenge, a horse-drawn carriage, merry-go-round and much  more.    Most of the action will take place in Library Park in front of the community room(1100 block of El Centro Street) from 12 noon until 4PM.  Contest winners will be announced for photos submitted by residents as well as school essays and drawing/painting at 1:30PM.  There will be a heritage walk at 4PM in front of  Gus’s Barbeque Restaurant on Fair Oaks -- come in period costume of the 1880s(or not) and join in.   Later at 5PM at the South Pas Historical Museum,  a time capsule ded... 02/28/2013

South Pasadena CA Real Estate Market Status Update   This is a real estate market update for single family homes in South Pasadena California.   South Pasadena is an independent city and not associated with its bigger and more famous neighbor - Pasadena.      South Pasadena has a small town charm with many tree-lined streets and often stands in as Anywhere USA in films, television, commercials, video and print advertising.   The school district is well-regarded as are its library and parks and recreation programs.  There are many small independently owned businesses and restaurants further enhancing the neighborhood feel of the community.  While retaining its almost Mayberry-like atmosphere, South Pasadena is extremely convenient with access to multiple freeways and a Gold Line station ... 02/11/2013

South Pasadena CA Condo-Loft-Townhome Real Estate Status Update:   Feelin’ Lonely   Condo, loft and townhome buyers in South Pasadena are singin’ the blues and feelin’ lonely.   Ah, what’s the reason, you say?   It’s the same refrain - all over again -- It’s The No Inventory Of Condos, Lofts & Townhomes For Sale blues.    It’s been a common and very sad tale for a while now -- the lack of properties in this important category is sadly lacking. And who wouldn't want to live in South Pasadena? Its small town atmosphere is reminscent of a Anywhere USA which is why you will see film trucks and camera crews on its tree-lined streets on a regular basis. Highly acclaimed schools, a fine library and an excellent parks and recreation program and so much more are reasons why people choose the cit... 02/06/2013

South Pasadena CA - Celebrating The City’s 125th Birthday with a Photo Contest       I think this is a fun idea to celebrate the 125th Birthday in the city of South Pasadena  - a photo contest.   Open to all residents of the city, the basic rules are: Entry categories are iconic spots  and/or a historical place within the city A limit of two entries per person Photos must be sized 8 x 10 inches Age categories are 12 and under, 13 - 18 years old and 19 years and older Indicate whether the photo is to be entered in the iconic spots or historical photo category Deadline for submission to the contest is February 11, 2013 Photos and entry information should be submitted to the Recreation Division or emailed in jpeg format to SP125@ci.south-pasadena.ca.us as well as the photo copied on a CD a... 01/23/2013

South Pasadena CA Single Family Homes Under $1,000,000 - Market Update This is a market update for single family homes under $1,000,000 in the city of South Pasadena for 2012 with comparison to 2011 as well as current market activity.     There were 90 sales of single family homes(priced/sold under $1,000,000) in 2012.   They ranged in sales price from $300,000 to $991,000 with an average sales price of $751,956(median $773,292).    At the under $1,000,000 sales number, the average price per square foot in 2012 was $467.71.This compares to 78 sales of single family homes(again priced/sold under $1,000,000) in the January through December time period in 2011.   The closed prices ranged from $360,000 to $995,000.   The average sales price was $718,438 and the median sales price was $735,0... 01/11/2013

South Pasadena CA Single Family Homes Over $1,000,000 - Market Update This is a market update for single family homes priced or sold over $1,000,000 in the city of South Pasadena for 2012 with comparison to 2011 as well as current market activity.    There were 30 sales of single family homes(sold over $1,000,000) in 2012.   They ranged in sales price from $1,005,000 to $5,950,000 with an average sales price of $1,776,498(median $1,348,444).    The average price per square foot in 2012 was $527.93.This compares to 46 sales of single family homes(again sold in excess of $1,000,000) in the January through December time period in 2011.   The closed prices ranged from $1,010,000 to $2,499,999.   The average sales price was $1,406,555 and the median sales price was $1,294,500 with an average... 01/11/2013

South Pasadena CA - Condo, Loft and Townhome Market Update   This is a real estate update as of January 6, 2013 for the South Pasadena condo, loft and townhome market segment.   I will share results for 2012 and compare it to 2011 with information from our local multiple listing service(MLS).South Pasadena is well-known in the area for its single family homes which range in size from comfortable bungalows to large estates.  The tree-lined streets are often used to stand-in for Anywhere USA in movies, television and advertising.   You will find interesting shopping and dining in the city which boasts highly acclaimed schools, a well-regarded library plus excellent parks and recreation program.   Its convenient location offers easy access to Downtown Los Angeles, both San Gabriel and San ... 01/07/2013

South Pasadena CA - Mission Meridian Village   Mission Meridian Village is a 67 home community consisting of lofts, condos, townhome style condos and three patio homes built in 2005 in the city of South Pasadena, California.   A project of this scale is unusual in a city as mature and built-out as South Pasadena.      For background information on Mission Meridian Village check Mission Meridian Village in South Pasadena CA In 2012, there were twelve properties sold in the development ranging in price from $412,500 to $965,000 with an average sales price of $600,292(median sales price $570,000) according to our local multiple listing service(MLS).   This compares to five sales in 2011 where the range in closed prices was $391,000 to $625,000.  The average sales price according to MLS sta... 01/06/2013

South Pasadena CA - Celebrating New Year’s Day at The Rose Parade The Rose Parade in Pasadena will be held tomorrow, January 1, 2013 and South Pasadena will have its float in the parade line-up.  The parade theme is "Oh, The Places You'll Go". While there is plenty of attention for the some of the grander and more elaborate floats, don’t dismiss the features and the end result that you will find from South Pasadena. This all-volunteer effort will be honored for its use of all California flowers from San Diego to the Oregon border. The fifty foot float is a Spanish galleon in the shape of an open book, hence the theme "Sailing the Sea of Knowledge". This is just one of seven self-built floats in the parade. South Pasadena is the oldest organization in this category. http://www.tournament... 12/31/2012

South Pasadena Franciscan Woods Townhomes Franciscan Woods is a South Pasadena townhome community built in 1975.   Mature landscaping, a wooded environment and meandering pathways as well as a community pool are part of the popular and well-located 46 home complex. Situated on a lane near Garfield Park, Franciscan Woods features multi-level residences with spacious rooms and two or three bedrooms and attached garages with direct access to the home.   Additional features include:   fireplaces, high and cathedral ceilings plus private patios, decks and balconies.  The appeal of Franciscan Woods townhomes in South Pasadena are the highly acclaimed school district, well-regarded parks and recreation programs, a popular library as well as the charm of a small town atmosphere with unique shop... 12/23/2012

South Pasadena CA 90 Day Market Trend Single Family Homes   This is a recap of the market for single family homes in South Pasadena CA.  The period covered is from September through November 2012 with a comparison to the same time period in 2011.   By using this time period we can better capture the current market trend.   Although there is some seasonal slowdown in the fourth quarter of the year, we are continuing to see multiple offers and properties selling in excess of list price in highly desired areas such as South Pasadena.   Currently there are  17 single family homes on the market for sale in South Pasadena ranging in price from $455,000(on Hawthorne Street) to $1,639,000(Via del Rey in the Altos area of the city).   14 properties are in escrow.    In the September 1 through No... 12/09/2012

South Pasadena CA Townhome Market Update   This is a market update for the South Pasadena CA townhome segment for the month of November and year-to-date real estate performance in 2012 with a comparison to 2011.   In this report, I am including those townhome style properties with an attached garage.   There are currently two townhomes on the market.  One is a two bedroom/two bath property with approximately 773 square feet priced at $285,000 and the other is a three bedroom unit with approximately 1372 square feet priced at $490,000.   There are four properties in escrow.    There was one sale according to our local multiple listing service(MLS):  a two bedroom in the Marengo District that closed for $540,000.   In November 2011, there was also one sale a townhome in the Monterey Townh... 12/09/2012