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Pasadena, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
We have always supported small businesses, not just on the official "Small Saturdays", but all year long. Thanks to John Pusa  he reminded me that Vroman's celebrated their 130th year in business. How incredible is that? Now we could not go when the actual celebration was during the middle of the week, but we were thrilled to come our first opportunity.Now if you are wondering, we have been supporting Vroman's for about 26 years. Yes, today Diane bought not just a couple of books, but various celebration cards, like Birthdays and other special occasions. She even managed to find a few Christmas - presents for our friends. Personally, I refrained with extra ordinary willpower not to buy the latest Jack Peppin cookbook.The best part was we bought Holly along in her stroller and as every t...
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By Doug Willis
(RE/MAX Property Concierge)
The Pasadena Housing Market appears to be confused. The sales numbers for July reflect volume typically seen in January and February, not what you would expect for the height of what is supposed to be the home selling season. Unit sales of Single Family Homes were off almost 50% compared to last July. The median price shows an increase over last year, which I feel is attributable to what is taking place in the market. The housing market for homes priced $700,000 and above is strong and Pasadena real estate is no exception.The weakness as we have seen in the past few months is coming form homes priced below $625,000. There were only ten homes that sold last month that fall into this category. There is currently about one hundred houses on the market that are either "for sale" or in escro...
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By Doug Willis
(RE/MAX Property Concierge)
Your house has been for sale now going on 60 days along with many other houses here in Pasadena and you just accepted an offer. Congratulations, time to start packing all those personal items, right? You might wait a few days before making that trip to the box store and here's why. When a Seller places a home on the market "For Sale", they are 100% committed to sell it (most of the time, I have seen some exceptions). When a Buyer has a purchase contract accepted they are usually 50% committed to buy it. Notice a disparity here?Our purchase agreement drafted by the California Association of Realtors provides for a seventeen day contingency period. Contingencies are provided to the Buyer for a number of issues including obtaining a loan, appraisal of the property, investigation of the con...
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By Ricardo Bueno
(Diverse Solutions)
In 1991 while most of the block was vacant, One Colorado was the project that let the forefront for the redevelopment of Old Pasadena. It's now the hot spot for all retail, restaurants, entertainment and business offices here. Whether you're shopping, looking for a place to have lunch or dinner, or you work here, there's always something to do out on the boulevard. Their website explains it best, "the urban experience is fresh and the retail caliber high." -- (One Colorado Website; Quick Facts). So what's going on this week in the Courtyard? Kids Day in the Courtyard | Thursday, July 26thWhy is it important? We all work long hours and sometimes don't spend much time with family. Make it a fun day, stop by and enjoy the festivities. Spend time with your kids taking them to this mini-circ...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
I have always believed that real estate is strictly a LOCAL business.  To this day, I am flabbergasted by the local Pasadena news media writing and panicking about national real estate trends.  What does that have to do with Pasadena home sales?  Very little!  The real estate market in and around Pasadena, California has been pretty steady.  It's not as hot as it used to be, but we're definitely seeing a shift to a more balanced market. Buyers are being more cautious and are taking a little more time to find the home of their dreams.  Sellers are begining to be a bit more realistic about how fast their home will sell and for what price. Is this a good thing?  Yes!  Pasadena home prices could not have sustained the 20% to 25% increases in home values for much longer.  The fact that the p...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
 DANCE!!!From Sizzling Salsa to Sensational Swing... Pasadena evenings heat up in Paseo Colorado this summer.  Paseo Colorado is located in the heart of Pasadena's downtown civic center along historic Colorado Boulevard. Every Friday and Saturday from July 6th to August 25th, you can get free dance lessons or just enjoy the wonderful music and dancing.  This event starts at 6:30 pm.Fridays are dedicated to Swing and Saturdays to Salsa - pick one or stop by to enjoy both!  For more information and the line-up, please visit click here.
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By Linda S. Lane
(Dilbeck Real Estate Real Living)
Take some time and take your kids tomorrow night to see Terrell and Takako at the Levitt Pavilion in Pasadena's Memorial Park at 145 N. Raymond/85 E Holly Street, Pasadena.Terrell and Takako are a husband-and-wife variety duo. They perform as jugglers, magicians, mimes, unicyclists, and paperfolders for audiences of all ages throughout the world. They have delighted audiences in Canada, Japan, and the United States. Terrell and Takako have performed at conventions, corporate events, fairs, festivals, colleges, hotels, schools, clubs, and theme parks. Their show includes selections from more than 20 routines involving more than 20 types of props. I saw these people on a promo for Disneyland Tokyo and they were amazing - they juggled, mimed and clowned around. I always believed that mimes...
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By Doug Willis
(RE/MAX Property Concierge)
An analysis of the Pasadena Housing Market indicates that the market has slowed and the word "patience" has kept back into home sellers' vocabulary. However, Chicken Little is nowhere in sight. This analysis looked at Single Family Residences' from January to June. Sales compiled from 400 + transactions indicate that the market is not moving forward or backward but holding steady in terms of pricing. The median price continues to be $750,000, which is the median price we recorded for the same period last year. Considering the overall state of the national housing market, I think Pasadena has performed very well. To be even with last years numbers speaks well to the local economy.In terms of the number of houses that are selling, fewer are being sold this year vs. last and they are takin...
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By Linda S. Lane
(Dilbeck Real Estate Real Living)
Last night I decided to leave my cozy home and head down the hill to the re-opening of the Pasadena City Hall.  The area has been under construction for retrofitting and renovations for over 3 years and the project is now complete.  Of course I had a problem finding a place to park since it was such last minute and then I went down there to find at least 2,000 people there, many sitting in chairs they brought.  Silly me, I didn't bring a chair, so I stood and walked around the rest of the evening (along with the stilt walkers).  It was ok, though.  I was sitting most of the day anyway, so I didn't need to sit anymore.   I got there in time to hear the Pasadena POPS Orchestra perform with Valarie Pettiford and see the spectacular light show.  Actress Tracy Scoggins read something patriot...
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By Doug Willis
(RE/MAX Property Concierge)
Sales of single family homes continued to slow for the month of June. There were fewer units sold this year compared to last and also increased evidence of a softening market in terms of pricing.When fewer units are being sold and it is taking longer for those houses to sell, that's a pretty good indication that prices may begin to show some vulnerability. There is a saying in real estate that "all markets are local". What applies to one market may not necessarily apply to another. We actually see evidence of this here in the Pasadena housing market with some houses selling very quickly and others taking much longer. Their locations can be as little as just a few streets apart.The data indicates a house listed for sale at $500,000 last year would sell in 39 days and actually sell for $5...
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By Doug Willis
(RE/MAX Property Concierge)
The Pasadena Condo Market seems to be ignoring all the publicity about the slowing housing market. Unit sales were up 20% and the median price increased to $575,000 compared to $470,00 last year.If you have had the opportunity to drive through town, you have seen some new construction going on and chances are it may be new housing additions. There are several new complexes for sale on Green St, Chester Avenue and Union St., with prices starting in the mid $500's and up into the mid $800's. There seems to be a trend towards more luxurious and more expensive units.Despite the growth in this particular segment, there did appear to be some softening in sales prices. Sales indicate on properties that were sold, achieved 97.86% of their list price compared to 99.27% last year. While they are ...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
This Saturday, July 14th will be the 30th Annual Celebration on the Colorado Street Bridge.This event is sponsored by Pasadena Heritage with Capital Group and Indymac Bank.   It will include live music, dancing, antique cars, children activities, food vendors and beverages.Photography by Fred PalmerinoPasadena Street Bridge is one of the most beautiful bridges in the area.  It was dedicated on December 13, 1913 with over 30,000 people in attendance.  Engineered by John Alexander Lowe Waddell of Kansas City, it was designed to connect Pasadena to Los Angeles.It was the first curvilinear bridge and the tallest concrete bridge of its day.  It is now listed in the National Register of Historic Places as a Civil Engineering Landmark.For more information and tickets, please call Pasadena Heri...
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By Doug Willis
(RE/MAX Property Concierge)
If you have considered remodeling or upgrading your kitchen appliances or maybe replacing your bathroom fixtures Pasadena Water & Power may be willing to help with the cost. They want to encourage their customer's to get rid of those old appliances and fixtures that consume a lot of energy and replace them with Energy Star products which have a higher energy efficiency rating. The program offers rebates on clothes washers, dishwashers, refrigerators, water saving toilets, air conditioners and others. Not to be left out The Gas Company also offers a few rebates of its own.Before you make that purchase, confirm that the appliances you are considering do in fact receive the rebates and pay close attention to the qualifying dates for redemption.This is a great program in which everyone bene...
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By Doug Willis
(RE/MAX Property Concierge)
Find out what is happening in your neighborhood with regard to June home prices. How long are they taking to sell? Are they selling above, below or at asking price? Stay up2date on everything real estate.In addition to Pasadena, home sales are also included for Altadena and South Pasadena.
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
I live on the border of San Gabriel, Pasadena and San Marino.  After my morning coffee and crepes (family tradition - my kids are used to starting the day on Sundays with crepes and nutella), I took a drive around the neighborhood.  Open House signs were everywhere.  Some corners had five or six different realtor signs pointing San Gabriel Valley buyers to their Open Houses.  It was quite a colorful sight.If I would have been a pedestrian, I would have been in major trouble.Now my take on Open Houses is simple.  They do NOT sell homes in most instances.  After holding hundreds of Open Houses, I have only sold 2 homes in the last 6 years that I could directly tie back with holding an Open House.   Why do I hold Open Houses?  Well... several reasons:As I put a new home for sale on the mar...
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By Nancy Morris
(Kellerwilliams)
My sister, Robin Neudorfer, is an artist and frequently paints or draws in the Pasadena and Altadena areas.  She posted something she did today on her blog and I am just blown away by how good it is.  I'd like to share it with the world and this seems the best, if unusual, way.  Check out her blog and her website.  If you aren't familiar with Pasadena and Altadena her work will give you a feel for how beautiful our foothill area can be. 
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By Doug Willis
(RE/MAX Property Concierge)
 You have probably heard the phrase "I live on the upper east side"? I bet you did not know that it referred to Upper Hastiings Ranch, which is Pasadena's northeasterly neighborhood. Most of the homes in this area were constructed between 1950 to 1955 and just like its neighbor to the south Lower Hastings, most of the architectural styles exhibited are California ranch, dominated by 3 bed / 2 bath homes with front or side entry garages. The area offers hilly terrain and close up views of the San Gabriel Valley Mountians.Prices for single family homes in Upper Hastings are fairly consistent with the median price of home's in Pasadena. There are currently eight houses under contract, and while the median price is in the range of $780,000, ocassionally a house will appear for sale in the m...
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By Doug Willis
(RE/MAX Property Concierge)
You've seen them, there all over town, typically on Saturday and Sunday afternoons signs are on every street corner. Some have balloons, some have flags. Some even have a picture. There "Open House" signs and they are a viable component in helping to sell a house. Many prospective home buyers drive through the neighborhoods they want to live in, expecting to see the signs that will guide them through twists and turns, eventually to the house that is for sale. A quick survey of "open House" attendees indicates that many more people see the sign as opposed to the newspaper ad announcing the event.First a big "Thank You", to our elected officials here in Pasadena. We do not have a sign ordinance. I guess our City Housing Inspection Report makes up for it, but nonetheless, no sign ordinance...
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By Doug Willis
(RE/MAX Property Concierge)
If you have been looking for homes throughout Pasadena and have decided that a hundred year old home is not for you, then welcome to Lower Hastings Ranch. Any frustration you have experienced with the Pasadena housing market, just might end here. Most of the homes in this area were constructed between 1949 and 1953, considered new by Pasadena standards. Architectural styles are typically California Ranch (do you think this may have had something to do with the name Hasatings Ranch?) and single level. The neighborhood is dominated by single family homes, however there is one small townhome complex with approximately 31 units and prices ranging in the low to mid $500's.Lower Hastings is characterized by larger than normal lot sizes in the range of 10,000 to12,000 square feet and also larg...
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                        As you exit the 110 freeway, Arroyo Parkway serves as the gateway into beautiful Pasadena. This summer, Arroyo Parkway is in for quite the landscaping facelift! What we know so far...The project (known as The Arroyo Parkway Enhancement Project) will be supervised by the Public Works Department and will commence this summer between Colorado & California Boulevards; we can already see some of the renovations taking place as you drive up and down Arroyo Parkway close to Colorado Boulevard. Completion of the overall project is set for the Fall. Imagine driving off the 110 freeway to the sights of this!                                                         This is one amongst a set of eight public works projects scheduled. Come to a Community Meeting to learn more a...
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By Irina Netchaev, Pasadena CA Real Estate
(Pasadena Views Real Estate Team, Inc.)
Are you 55 or older?If so, you can save thousands of dollars each year in your home property taxes.  How?  Proposition 60/90!What is it?  How does it work?This proposition was passed to provide tax relief to senior citizens who sell their existing home and purchase a replacement residence worth the same or less than the original.In essence, if you are ready to sell your home and would like to down size into something smaller, maybe a condo or just a less expensive house, this proposition will carry over your current assessed real estate tax value.For example,      Your existing home is worth $750,000.       You bought it for $200,000.      You are probably paying somewhere around $2,500 a year in Real Estate Taxes.NOW, you are ready to downsize and are looking to buy a home for about $6...
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