Q3 | 2020
Pasadena
Market Update
PASADENA
Huntington Library District Reimagined 661landorlane.com
PASADENA
Gracious Colonial Revival 208sgrand.com
Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS REALTY.C O M
SOUTH PASADENA
Offered at $2,250,000 1617milan.com PASADENA
Offered at $1,150,000 2087casagrande.com PASADENA
Offered at $1,050,000 2286galbreth.com SAN GABRIEL
Offered at $1,350,000 sothebysrealty.com/id/ZS3JL4 *in order from left to right, top to bottom
sothebysrealty.com
3
/ Featured Properties / Pasadena Q3 Market Update
Market Snapshot All Pasadena | Q3 2020
$1, 450,000
1050
$1, 400,000 1000
$3M -$5M
$1, 350,000
$5M and Up
$1, 300,000
Below $1M
950
$1, 250,000 900 $1, 200,000 $1, 150,000
850
$1, 100, 000 800 $1, 050,000
Total Volume by Price Point 22 % 66% 3% 8%
20 20
20 19
20 18
750
20 17
$1, 000,000
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
$2,500,000 $2,500,000
$2,000,000 $2,000,000
$1, 500,000 $1,500,000
$1, 000,000 $1,000,000
$500,000 $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 Canada La CaĂąada Flintridge Flintridge
Glendale Glendale
Arcadia Arcadia
Altadena Altadena
5
/ Market Snapshot / Pasadena Q3 Market Update A
at a glance {Q3 | 2020}
altadena
7
%
Change in Average Selling Price {2020-2019}
-15
%
Change in Units Sold {2020-2019}
91 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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020-2019}
Change
7%
3%
-
-15%
-34%
2020
$1,112,570
$975,000
3.2%
91
24
2019
$1,044,001
$950,000
2.7%
107
37
2018
$962,563
$845,000
-0.4%
103
40
2017
$931,438
$840,000
0.9%
99
34
2016
$837,919
$739,500
-1.1%
120
48
7
/ Altadena / Pasadena Q3 Market Update
|
Average Selling Price Total Units Sold $1,800,000
140
$1,750,000
120
$1,700,000
100
$1,650,000
80
$1,600,000
60
$1,550,000
40
$1,500,000
20
$1,450,000
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
3%
6%
-
-1%
-18%
2020
$1,592,746
$1,266,500
-5.8%
102
56
2019
$1,550,359
$1,200,000
-8.3%
103
68
2018
$1,744,726
$1,280,000
-12.4%
109
49
2017
$1,582,304
$1,320,000
-6.3%
121
49
2016
$1,627,607
$1,298,700
-7.5%
126
46
Pasadena Q3 Market Update / Arcadia / 8
at a glance {Q3 | 2020}
arcadia
3
%
Change in Average Selling Price {2020-2019}
-1
%
Change in Units Sold {2020-2019}
102 Units Sold
1.6m
$
Average Selling Price
at a glance {Q3 | 2020}
GLENDALE
17
%
Change in Average Selling Price {2020-2019}
4
%
Change in Units Sold {2020-2019}
106 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
140
$1,150,000
120
$1,100,000
100
$1,050,000
80
$1,000,000
60
$950,000
40
$900,000
20
$850,000
0
2016
2017
2018
2019
2020
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020-2019}
Change
17%
17%
-
4%
-27%
2020
$1,154,973
$1,087,500
3.0%
106
33
2019
$983,407
$928,000
1.6%
102
44
2018
$1,041,768
$985,000
5.4%
101
32
2017
$1,019,639
$891,500
-88.9%
122
39
2016
$969,956
$900,000
-1.2%
117
40
11
/ Glendale / Pasadena Q3 Market Update
|
Average Selling Price Total Units Sold $2,200,000
100 90
$2,100,000
80 70
$2,000,000
60 $1,900,000
50 40
$1,800,000
30 20
$1,700,000
10 $1,600,000
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}}
Change
13%
7%
-
39%
-7%
2020
$2,171,472
$1,885,000
-1.2%
89
51
2019
$1,926,837
$1,767,500
-1.0%
64
56
2018
$2,139,563
$1,747,500
-6.3%
56
51
2017
$2,054,209
$1,650,000
0.0%
67
50
2016
$1,830,911
$1,594,500
-7.0%
69
43
Pasadena Q3 Market Update / La Canada Flintridge / 12
at a glance {Q3 | 2020}
la caĂąada flintridge
13
%
Change in Average Selling Price {2020-2019}
39
%
Change in Units Sold {2020-2019}
89 Units Sold
2.2m
$
Average Selling Price
at a glance {Q3 | 2020}
PASADENA
14
%
Change in Average Selling Price {2020-2019}
-14
%
Change in Units Sold {2020-2019}
221 Units Sold
1.4m
$
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020-2019}
Change
14%
24%
-
-14%
-22%
2020
$1,374,392
$1,170,000
1.5%
221
36
2019
$1,204,372
$946,000
-2.8%
258
47
2018
$1,317,073
$1,030,500
-2.3%
230
41
2017
$1,219,387
$950,000
-0.2%
261
42
2016
$1,050,185
$835,000
-78.8%
275
43
15
/ Pasadena / Pasadena Q3 Market Update
|
Average Selling Price Total Units Sold $1,000,000
76
$900,000
74
$800,000
72
$700,000 $600,000
70
$500,000 68
$400,000 $300,000
66
$200,000
64
$100,000 $-
62
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}}
Change
7%
12%
-
3%
-22%
2020
$926,345
$920,000
0.2%
70
29
2019
$867,801
$823,400
-2.6%
68
37
2018
$866,095
$849,000
1.9%
66
25
2017
$849,827
$799,000
-15.6%
74
33
2016
$733,180
$684,500
-0.8%
67
33
Pasadena Q3 Market Update / San Gabriel / 16
at a glance {Q3 | 2020}
SAN GABRIEL
7
%
Change in Average Selling Price {2020-2019}
3
%
Change in Units Sold {2020-2019}
70 Units Sold
900k
$
Average Selling Price
at a glance {Q3 | 2020}
san marino
-5
%
Change in Average Selling Price {2020-2019}
0
%
Change in Units Sold {2020-2019}
35 Units Sold
2.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,000,000
39 38
$2,500,000
38 37
$2,000,000
37 $1,500,000
36 36
$1,000,000
35 35
$500,000
34 $-
34
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
-5%
14%
-
0%
-27%
2020
$2,204,240
$2,180,000
-0.3%
35
45
2019
$2,312,694
$1,917,888
-7.2%
35
62
2018
$2,795,800
$2,247,000
-7.1%
38
63
2017
$2,439,661
$2,140,500
-2.2%
38
40
2016
$2,459,382
$2,075,000
-0.5%
38
41
19
/ San Marino / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,400,000
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
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
30%
15%
-
23%
91%
2020
$1,275,272
$1,091,900
-3.3%
32
57
2019
$980,726
$952,000
-4.6%
26
30
2018
$1,072,922
$1,065,000
-3.5%
32
39
2017
$1,201,968
$1,100,000
-3.8%
27
36
2016
$1,177,144
$1,006,000
-2.8%
29
38
Pasadena Q2 Market Update / Sierra Madre / 20
at a glance {Q3 | 2020}
sierra madre
30
%
Change in Average Selling Price {2020-2019}
23
%
Change in Units Sold {2020-2019}
32 Units Sold
1.3m
$
Average Selling Price
at a glance {Q3 | 2020}
SPARR HEIGHTS LA CRECENTA MONTROSE
8
%
Change in Average Selling Price {2020-2019}
17
%
Change in Units Sold {2020-2019}
115 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
120
$1,000,000
115 110
$800,000
105 $600,000 100 $400,000
95
$200,000
90
$-
85
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
8%
10%
-
17%
-12%
2020
$1,034,173
$970,000
4.2%
115
32
2019
$957,943
$879,750
0.0%
98
37
2018
$966,024
$880,000
-59.9%
96
33
2017
$889,235
$820,000
1.5%
101
37
2016
$828,812
$800,000
-88.9%
113
42
23
/ San Marino / Pasadena Q3 Market Update
|
Average Selling Price Total Units Sold $1,800,000
45
$1,600,000
40
$1,400,000
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 v 2019}
Change
24
17%
27%
-
22%
81%
2020
$1,649,830
$1,560,000
0.9%
33
43
2019
$1,415,481
$1,225,000
0.2%
27
24
2018
$1,558,706
$1,459,170
4.9%
24
32
2017
$1,510,671
$1,486,250
3.0%
36
31
2016
$1,255,740
$1,205,250
2.8%
42
28
/ South Pasadena / Pasadena Q3 Market Update
at a glance {Q3 | 2020}
south pasadena
17
%
Change in Average Selling Price {2020-2019}
22
%
Change in Units Sold {2020-2019}
33 Units Sold
1.6m
$
Average Selling Price
PASADENA
Magnificent French Regency Last Asking $6,600,000
Extraordinary Results We celebrate the notable success of our associates and clients
PASADENA
Elegant 1906 Craftsman Last asking $4,895,000 SAN MARINO
Beautifully Remodeled Monterey Colonial Last asking $2,388,000 ARCADIA
Gorgeous Lower Rancho Home Last asking $2,138,000 ALTADENA
Storybook English Tudor Last asking $1,780,000 *in order from left to right, top to bottom
sothebysrealty.com 27
/ Significant Sales / Pasadena Q3 Market Update
PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH
w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com
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