Q2 | 2017
Pasadena
Market Update
THE HISTORIC JOHN S. CRAVENS ESTATE
sothebyshomes.com/0027629 Offered at $10,500,000
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/PASADE NA
SAN MARINO
Stately Colonial-Style Home | Offered at $2,328,000 sothebyshomes.com/0278283
PASADENA
Offered at $7,900,000 sothebyshomes.com/0278310 BRADBURY
Offered at $2,999,888 sothebyshomes.com/0278193 SIERRA MADRE
Offered at $2,250,000 sothebyshomes.com/0278249 PASADENA
Offered at $1,098,000 sothebyshomes.com/0278299 *in order from left to right, top to bottom
sothebyshomes.com/pasadena
3
/ Featured Properties / Pasadena Q2 Market Update
Market Snapshot All Pasadena | Q2 2017
$1,400,000 $3M -$5M
900
$1,200,000
$5M and Up
850 Below $1M
$1,000,000 800
$800,000 $600,000
750
$400,000 $1M-$3M
700 $200,000 $-
650
2013 2014 2015 2016 2017
Total Volume by Price Point 24 % 63 % 3% 9%
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, Sierra Madre, 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.
Comparison by City Pasadena San Marino South Pasadena Altadena Sierra Madre La Canada Flintridge
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
Average Selling Price
Pasadena
San Marino
South Pasadena
Altadena
Sierra Madre
5
La Canada Flintridge
Sierra Madre
Altadena
South Pasadena
San Marino
Pasadena
$-
La CaĂąada Flintridge
/ Market Snapshot / Pasadena Q2 Market Update
at a glance {Q2 | 2017}
pasadena
+10
%
Change in Average Selling Price {2017 v 2016}
+11
%
Change in Units Sold {2017 v 2016}
272 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
350
$1,200,000
300
$1,000,000
250
$800,000
200
$600,000
150
$400,000
100
$200,000
50
$-
0
2013
2014
2015
2016
2017
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. sothebyshomes.com/pasadena
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}
Change
10%
8%
-
11%
-7%
2017
$1,226,879
$948,750
-1%
272
42
2016
$1,112,449
$879,500
-3%
246
45
2015
$1,046,389
$802,500
-1%
286
44
2014
$1,054,164
$803,000
-3%
234
42
2013
$893,449
$700,000
1%
303
42
7
/ Pasadena / Pasadena Q2 Market Update
|
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
2013
2014
2015
2016
Average Selling Price
2017 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. sothebyshomes.com/pasadena
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}
Change
-26%
-19%
-
-33%
-21%
2017
$2,406,628
$2,050,000
0%
31
43
2016
$3,244,044
$2,522,000
0%
46
55
2015
$2,740,444
$2,500,000
1%
36
42
2014
$2,174,730
$2,084,000
8%
36
24
2013
$2,355,744
$1,925,000
4%
44
31
Pasadena Q2 Market Update / San Marino / 8
at a glance {Q2 | 2017}
san marino
-26
%
Change in Average Selling Price {2017 v 2016}
-33
%
Change in Units Sold {2017 v 2016}
31 Units Sold
2.4m
$
Average Selling Price
at a glance {Q2 | 2017}
south pasadena
-13
%
Change in Average Selling Price {2017 v 2016}
+23
%
Change in Units Sold {2017 v 2016}
43 Units Sold
1.4m
$
Average Selling Price
|
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
2013
2014
2015
2016
Average Selling Price
2017 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. sothebyshomes.com/pasadena
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}
Change
-13%
-6%
-
23%
-21%
2017
$1,374,497
$1,310,000
3%
43
34
2016
$1,577,911
$1,400,000
3%
35
43
2015
$1,313,938
$1,290,000
2%
35
48
2014
$1,243,594
$1,181,750
4%
30
30
2013
$1,156,241
$975,000
2%
41
41
11
/ South Pasadena / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,000,000
140
$900,000
120
$800,000
100
$700,000 $600,000
80
$500,000 60
$400,000 $300,000
40
$200,000
20
$100,000 $-
0
2013
2014
2015
2016
Average Selling Price
2017 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. sothebyshomes.com/pasadena
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}
Change
16%
14%
-
-15%
-7%
2017
$945,279
$818,100
2%
100
36
2016
$814,457
$720,000
-5%
117
39
2015
$753,054
$652,250
1%
126
45
2014
$726,693
$639,500
2%
108
41
2013
$653,879
$587,500
1%
116
49
Pasadena Q2 Market Update / Altadena / 12
at a glance {Q2 | 2017}
altadena
+16
%
Change in Average Selling Price {2017 v 2016}
-15
%
Change in Units Sold {2017 v 2016}
100 Units Sold
900k
$
Average Selling Price
at a glance {Q2 | 2017}
sierra madre
+17
%
Change in Average Selling Price {2017 v 2016}
-9
%
Change in Units Sold {2017 v 2016}
31 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
45 40
$1,000,000
35
$800,000
30 25
$600,000
20
$400,000
15 10
$200,000
5
$-
0
2013
2014
2015
2016
Average Selling Price
2017 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. sothebyshomes.com/pasadena
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}
Change
17%
16%
-
-9%
31%
2017
$1,054,952
$1,050,000
-2%
31
44
2016
$904,296
$903,000
-2%
34
33
2015
$1,015,105
$938,000
-3%
39
45
2014
$875,404
$802,000
-4%
27
38
2013
$940,376
$855,000
1%
30
43
15
/ Sierra Madre / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $2,500,000
100 90
$2,000,000
80 70
$1,500,000
60 50
$1,000,000
40 30
$500,000
20 10
$-
0
2013
2014
2015
2016
Average Selling Price
2017 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. sothebyshomes.com/pasadena
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}
Change
20%
13%
-
-5%
9%
2017
$2,139,627
$1,840,000
-3%
69
47
2016
$1,786,325
$1,630,000
0%
73
43
2015
$1,823,639
$1,575,000
-0%
89
34
2014
$1,462,530
$1,299,000
0%
67
47
2013
$1,488,966
$1,305,000
-2%
73
45
Pasadena Q2 Market Update / La Cañada Flintridge / 16
at a glance {Q2 | 2017}
la caĂąada flintridge
20
%
Change in Average Selling Price {2017 v 2016}
-5
%
Change in Units Sold {2017 v 2016}
69 Units Sold
2.1m
$
Average Selling Price
Extraordinary Results We celebrate the notable success of our associates and clients
SAN MARINO
San Marino Perfection of Design Last asking $5,680,000
LA CAÑADA FLINTRIDGE
Architectural Italian Palazzo Compound Last asking $4,995,000 PASADENA
Pasadena Hillside Luxury Last asking $2,850,000 PASADENA
Prospect Park French Normandy Revival Last asking $2,349,000 ALTADENA
1922 Prairie Estate Last asking $2,150,000 *in order from left to right, top to bottom
sothebyshomes.com/pasadena 19
/ Significant Sales / Pasadena Q2 Market Update
MASTERPIECES IN THE MAKING
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