Q2 | 2020
Pasadena
Market Update
LA CAÑADA FLINTRIDGE
Expansive Spanish-Style Home chevychaseestate.com
LA CAÑADA FLINTRIDGE
French Estate & Guest House 4910vineta.com
Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS REALTY.C O M
PASADENA
Offered at $4,895,000 510palmetto.com PASADENA
Offered at $3,850,000 535fremontdr.com PASADENA
Offered at $2,800,000 625hillsideter.com PASADENA
Offered at $1,350,000 416Elmwood.com *in order from left to right, top to bottom
sothebysrealty.com
3
/ Featured Properties / Pasadena Q2 Market Update
Market Snapshot All Pasadena | Q2 2020
$3M -$5M
$1, 400,000
1200
$1, 350,000
1000
$1, 300,000
800
$1, 250,000
600
$1, 200,000
400
$1, 150,000
200
$1, 100, 000
0
$5M and Up Below $1M
Total Volume by Price Point 23 % 63% 2% 11%
20 20
20 19
20 18
20 17
20 16
$1M-$3M
Average Selling Price vs. Total Units Sold
Under $1 Million
Average Selling Price
$1 – 3 Million
Total Units Sold
$3 – 5 Million $5+ Million
All data within this document is pulled from the Pasadena MLS and encompasses Pasadena, San Marino, South Pasadena, Altadena, Arcadia, Sierra Madre, Glendale, San Gabriel, Sparr Heights, La Cresenta, Montrose and La Canada Flintridge. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity. SIR DRE License Number: 899496
Comparison by City
Altadena Arcadia Glendale La CaĂąada Flintridge Pasadena San Gabriel Sparr Heights/La Crescenta/Montrose San Marino Sierra Madre South Pasadena
Average Selling Price
$3,000,000
$2,500,000
$2,000,000
$1, 500,000
$1, 000,000
$500,000
$-
South Pasadena South Pasadena
Sierra Madre Sierra Madre
SanMarino Marino San
SparrHgts/La Sparr Heights/La Crescenta/Montrose Crescenta/Montr ose
SanGabriel Gabriel San
Pasadena Pasadena
La LaCanada CaĂąada Flintridge Flintridge
Glendale Glendale
Arcadia Arcadia
Altadena Altadena
5
/ Market Snapshot / Pasadena Q2 Market Update A
at a glance {Q2 | 2020}
altadena
2
%
Change in Average Selling Price {2020-2019}
-50
%
Change in Units Sold {2020-2019}
50 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
140
$1,000,000
120 100
$800,000
80 $600,000 60 $400,000
40
$200,000
20
$-
0
2016
2017
2018
2019
2020
Average Selling Price
Total Units Sold
About
Altadena Sited between the Arroyo Seco and Eaton Canyon, Altadena is rich in architecture and cultural heritage with its community’s unique qualities. Significant home styles from modest Craftsman bungalow to Italianate mansion and Modernist gems are present. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020-2019}
Change
2%
17%
-
-50%
-24%
2020
$1,050,949
$991,000
1.0%
50
31
2019
$1,031,763
$847,000
-1.4%
100
41
2018
$983,694
$825,000
1.1%
119
33
2017
$946,300
$821,200
1.5%
101
37
2016
$814,457
$720,000
-4.8%
117
39
7
/ Altadena / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $2,000,000
140
$1,800,000
120
$1,600,000
100
$1,400,000 $1,200,000
80
$1,000,000 60
$800,000 $600,000
40
$400,000
20
$200,000 $-
0
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
Arcadia Home to the Los Angeles County Arboretum and Botanic Garden, this “green space� city is largely populated by California Live Oak trees. It is no accident that Arcadia is referred to as a jewel among southern California communities. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
8%
-2%
-
-40%
-11%
2020
$1,677,494
$1,280,000
-7.1%
59
56
2019
$1,558,072
$1,312,650
-8.1%
98
62
2018
$1,721,502
$1,300,000
-5.3%
121
50
2017
$1,366,214
$1,150,000
-4.5%
122
40
2016
$1,492,709
$1,130,000
-6.5%
127
43
Pasadena Q2 Market Update / Arcadia / 8
at a glance {Q2 | 2020}
arcadia
8
%
Change in Average Selling Price {2020-2019}
-40
%
Change in Units Sold {2020-2019}
59 Units Sold
1.7m
$
Average Selling Price
at a glance {Q2 | 2020}
GLENDALE
1
%
Change in Average Selling Price {2020-2019}
7
%
Change in Units Sold {2020-2019}
156 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
200 180
$1,000,000
160 140
$800,000
120 100
$600,000
80 $400,000
60 40
$200,000
20 $-
0
2015
2016
2017
2018
2019
Average Selling Price
Total Units Sold
About
Glendale Glendale, filled with tree-lined streets, is located at the junction of the San Fernando and the San Gabriel Valleys. Popular with celebrities and the entertainment industry, Glendale is located minutes away from downtown Los Angeles and Pasadena. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020-2019}
Change
1%
3%
-
7%
-7%
2020
$1,067,957
$1,015,000
-0.3%
156
41
2019
$1,062,057
$984,500
0.2%
146
44
2018
$1,020,689
$900,000
0.7%
174
39
2017
$960,033
$882,500
0.5%
174
44
2016
$834,723
$801,000
0.0%
142
46
11
/ Glendale / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $2,500,000
90 80
$2,000,000
70 60
$1,500,000
50 40
$1,000,000
30 20
$500,000
10 0
$-
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
La Cañada Flintridge La Cañada Flintridge is a small and affluent city in Los Angeles County nestled between the San Gabriel Mountains and Angeles National Forest on the north, and the San Rafael Hills on the south. The city is home to Descanso Gardens and NASA’s Jet Propulsion Laboratory. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}}
Change
-2%
0%
-
-22%
-19%
2020
$2,067,280
$1,912,500
-2.4%
56
43
2019
$2,112,037
$1,905,000
-4.6%
72
52
2018
$2,297,924
$1,937,500
-3.2%
78
47
2017
$2,154,776
$1,857,500
-3.2%
70
47
2016
$1,786,325
$1,630,000
-0.1%
73
43
Pasadena Q2 Market Update / La Canada Flintridge / 12
at a glance {Q2 | 2020}
la caĂąada flintridge
-2
%
Change in Average Selling Price {2020-2019}
-22
%
Change in Units Sold {2020-2019}
56 Units Sold
2.1m
$
Average Selling Price
at a glance {Q2 | 2020}
PASADENA
-11
%
Change in Average Selling Price {2020-2019}
-27
%
Change in Units Sold {2020-2019}
168 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold 300
$1,600,000 $1,400,000
250
$1,200,000 200
$1,000,000
150
$800,000 $600,000
100
$400,000 50
$200,000
0
$-
2016
2017
2018
2019
2020
Average Selling Price
Total Units Sold
About
Pasadena Pasadena is a world-class model of a successful urban community, and its distinctive quality of life is exemplified by its unparalleled beauty, culture and diversity. It is home to many scientific and cultural institutions. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020-2019}
Change
-11%
1%
-
-27%
0%
2020
$1,240,971
$1,057,500
-4.0%
168
42
2019
$1,392,729
$1,046,625
0.1%
230
42
2018
$1,292,564
$1,030,000
1.2%
247
36
2017
$1,226,629
$950,000
-0.6%
271
42
2016
$1,112,449
$879,500
-2.8%
246
45
15
/ Pasadena / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,000,000
80
$900,000
70
$800,000
60
$700,000 $600,000
50
$500,000
40
$400,000
30
$300,000
20
$200,000
10
$100,000
0
$-
2016
2017
2018
2019
Average Selling Price
2020 Total Units Sold
About
San Gabriel The city of San Gabriel, named after the Mission San Gabriel Arcรกngel in 1852, boasts a powerful and far-reaching history in California. It is known today as a center for culture and art. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}}
Change
-9%
-8%
-
-52%
-25%
2020
$860,160
$797,500
0.4%
30
34
2019
$944,282
$862,500
-2.0%
62
45
2018
$869,582
$755,000
0.0%
63
29
2017
$797,135
$750,000
1.4%
73
34
2016
$746,524
$685,000
-1.1%
70
53
Pasadena Q2 Market Update / San Gabriel / 16
at a glance {Q2 | 2020}
SAN GABRIEL
-9
%
Change in Average Selling Price {2020-2019}
-52
%
Change in Units Sold {2020-2019}
30 Units Sold
900k
$
Average Selling Price
at a glance {Q2 | 2020}
san marino
-9
%
Change in Average Selling Price {2020-2019}
-62
%
Change in Units Sold {2020-2019}
13 Units Sold
2.8m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,500,000
50 45
$3,000,000
40
$2,500,000
35 30
$2,000,000
25 $1,500,000
20 15
$1,000,000
10
$500,000
5
$-
0
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
San Marino San Marino has designed its community to be uniquely residential, with expansive properties, surrounded by beautiful gardens with wide streets, and well maintained parkways. This best exemplifies the charm and character that make the City an enjoyable place to live and work. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
-9%
-7%
-
-62%
6%
2020
$2,848,369
$2,400,000
-3.9%
13
51
2019
$3,131,447
$2,567,500
-4.5%
34
49
2018
$2,929,116
$2,057,500
1.7%
24
44
2017
$2,406,628
$2,050,000
-0.2%
31
43
2016
$3,244,044
$2,522,000
0.1%
46
55
19
/ San Marino / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,400,000
40
$1,200,000
35 30
$1,000,000
25
$800,000
20 $600,000
15
$400,000
10
$200,000
5 0
$-
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
Sierra Madre Called The Village of the Foothills, Sierra Madre is home to approximately 11,000 residents who enjoy the wonderful serene neighborhoods and delightful downtown shopping district. Located between Pasadena and Arcadia, this town is full of charm. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
-11%
-6%
-
-13%
-55%
2020
$1,044,798
$1,000,000
-1.9%
21
27
2019
$1,178,992
$1,067,500
-5.1%
24
60
2018
$1,180,611
$1,097,500
-0.2%
36
26
2017
$1,057,145
$1,050,000
-1.7%
31
44
2016
$904,296
$903,000
-2.1%
34
33
Pasadena Q2 Market Update / Sierra Madre / 20
at a glance {Q2 | 2020}
sierra madre
-11
%
Change in Average Selling Price {2020-2019}
-13
%
Change in Units Sold {2020-2019}
21 Units Sold
1m
$
Average Selling Price
at a glance {Q2 | 2020}
SPARR HEIGHTS LA CRECENTA MONTROSE
-2
%
Change in Average Selling Price {2020-2019}
-45
%
Change in Units Sold {2020-2019}
56 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
120
$1,000,000
100
$800,000
80
$600,000
60
$400,000
40
$200,000
20 0
$-
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
Sparr Heights/La Crescenta/Montrose Its three-block “shopping park� on Honolulu Avenue, a quaint stretch of mom and pop shops, has buildings that date to the 1920s, tree-lined streets, old-style street lamps and the kind of neighbors that greet each other by name in passing. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
-2%
-2%
-
-45%
10%
2020
$963,010
$907,500
1.4%
56
45
2019
$982,230
$928,000
0.4%
101
41
2018
$982,082
$924,325
1.5%
104
32
2017
$847,238
$825,500
0.2%
84
44
2016
$821,628
$773,500
2.3%
90
47
23
/ San Marino / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,800,000
50
$1,600,000
45
$1,400,000
40 35
$1,200,000
30
$1,000,000
25
$800,000
20
$600,000
15
$400,000
10
$200,000
5
$-
0
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
South Pasadena South Pasadena is known for its tree-lined streets, historic California Craftsman-style homes and unique small businesses. This small town atmosphere makes the city one of California’s most desirable locations and prides itself on its small town character. sothebysrealty.com
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
24
-15%
-14%
-
-38%
25%
2020
$1,421,021
$1,442,000
-8.7%
20
44
2019
$1,673,377
$1,674,000
1.3%
32
35
2018
$1,639,794
$1,342,500
1.5%
34
33
2017
$1,370,531
$1,305,000
3.2%
44
34
2016
$1,577,911
$1,400,000
3.1%
35
43
/ South Pasadena / Pasadena Q2 Market Update
at a glance {Q2 | 2020}
south pasadena
-15
%
Change in Average Selling Price {2020-2019}
-38
%
Change in Units Sold {2020-2019}
20 Units Sold
1.4m
$
Average Selling Price
PASADENA
Beautiful Georgian Colonial Last Asking $2,098,000
Extraordinary Results We celebrate the notable success of our associates and clients
PASADENA
A Truly Special Craftsman Last asking $1,650,000 PASADENA
Sophisticated Traditional Tudor Last asking $1,600,000 PAASADEMA
The R.G. Hahn House Last asking $1,499,999 PASADENA
Newly Built Traditional Last asking $1,450,000 *in order from left to right, top to bottom
sothebysrealty.com 27
/ Significant Sales / Pasadena Q2 Market Update
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