Q1 | 2020
Pasadena
Market Update
LA CANADA FLINTRIDGE
Offered at $5,500,000 4910Vineta.com
PASADENA
Offered at $4,500,000 188NorthHolliston.com
Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS H OM E S.C OM/PASADENA
in order from left to right, top to bottom
PASADENA
Offered at $5,100,000 510Palmetto.com PASADENA
Offered at $2,885,000 830SouthMadison.com PASADENA
Offered at $1,895,000 369CaliforniaTerrace.com SIERRA MADRE
Offered at $1,799,000 286Grandview.com
sothebyshomes.com/pasadena
3
/ Featured Properties / Pasadena Q1 Market Update
Market Snapshot All Pasadena | Q1 2020
$1, 400,000
800
$1, 350,000
700
$1, 300,000
600
$1, 250,000
500
$1, 200,000
400
$1, 150,000
300
$1, 100, 000
200
$1, 050,000
100
$1, 000,000
0
$5M and Up $3M -$5M Below $1M
$1M-$3M
2020
2019
2018
27 % 56% 7% 10%
2017
2016
Total Volume by Price Point
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 San Marino Sierra Madre Sparr Heights/La Crescenta/Montrose South Pasadena
Average Selling Price $2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
South Pasadena
Sierra Madre
San Marino
SparrHgts/La Crescenta/Montrose
San Gabriel
Pasadena
La Canada Flintridge
Glendale
Arcadia
Altadena
5
/ Market Snapshot / Pasadena Q1 Market Update
at a glance {Q1 | 2020}
altadena
-4
%
Change in Average Selling Price {2020 vs 2019}
9
%
Change in Units Sold {2020 vs 2019}
73 Units Sold
929k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,000,000
90 80
$950,000
70 60
$900,000
50 40
$850,000
30 20
$800,000
10 $750,000
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
-4.0%
0%
-
9%
34%
2020
$929,135
$852,000
0.0%
73
49
2019
$970,802
$850,000
1.1%
67
37
2018
$944,015
$830,000
0.7%
81
30
2017
$867,030
$768,250
-1.0%
80
53
2016
$838,113
$710,000
-1.8%
71
51
7
/ Altadena / Pasadena Q1 Market Update
|
Average Selling Price Total Units Sold $2,000,000
100
$1,800,000
90
$1,600,000
80
$1,400,000
70
$1,200,000
60
$1,000,000
50
$800,000
40
$600,000
30
$400,000
20
$200,000
10
$0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
17%
-3.0%
-
21%
-2.0%
2020
$1,837,147
$1,310,000
-9.0%
82
67
2019
$1,572,655
$1,345,000
-25.5%
68
69
2018
$1,781,324
$1,490,000
-85.8%
77
59
2017
$1,665,123
$1,360,000
-5.8%
87
52
2016
$1,522,345
$1,205,000
-8.4%
86
59
Pasadena Q1 Market Update / Arcadia / 8
at a glance {Q1 | 2020}
arcadia
17
%
Change in Average Selling Price {2020 vs 2019}
21
%
Change in Units Sold {2020 vs 2019}
82 Units Sold
1.8m
$
Average Selling Price
at a glance {Q1 | 2020}
GLENDALE
-6
%
Change in Average Selling Price {2020 vs 2019}
13
%
Change in Units Sold {2020 vs 2019}
89 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
160
$1,200,000
140 120
$1,000,000
100
$800,000
80 $600,000
60
$400,000
40
$200,000
20 0
$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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
-6.0%
-10%
-
13%
3.0%
2020
$1,040,493
$965,000
0.9%
89
48
2019
$1,112,145
$1,075,000
-0.9%
79
47
2018
$1,164,817
$1,050,000
-0.3%
84
49
2017
$995,806
$890,000
-0.2%
134
49
2016
$930,364
$820,000
-1.3%
120
52
11
/ Glendale / Pasadena Q1 Market Update
|
Average Selling Price Total Units Sold $2,500,000
60 50
$2,000,000
40
$1,500,000
30 $1,000,000 20 $500,000
10
$0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
0%
5.0%
-
13%
6.0%
2020
$1,843,821
$1,600,000
-3.5%
36
57
2019
$1,836,095
$1,525,000
-16.7%
32
53
2018
$2,166,398
$1,971,250
0.0%
32
29
2017
$2,198,563
$1,839,000
-0.4%
52
44
2016
$1,748,032
$1,580,000
-3.2%
52
53
Pasadena Q1 Market Update / La Canada Flintridge / 12
at a glance {Q1 | 2020}
la caĂąada flintridge
0
%
Change in Average Selling Price {2020 vs 2019}
13
%
Change in Units Sold {2020 vs 2019}
36 Units Sold
1.8m
$
Average Selling Price
at a glance {Q1 | 2020}
PASADENA
12
%
Change in Average Selling Price {2020 vs 2019}
-7
%
Change in Units Sold {2020 vs 2019}
140 Units Sold
1.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
200
$1,400,000
180 160
$1,200,000
140
$1,000,000
120
$800,000
100
$600,000
80 60
$400,000
40
$200,000
20
$0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
12%
10%
-
-7.0%
12%
2020
$1,447,175
$1,070,750
-2.8%
140
54
2019
$1,294,931
$970,000
-8.8%
150
48
2018
$1,232,919
$997,500
-3.2%
154
45
2017
$1,166,035
$837,750
-2.1%
178
55
2016
$958,888
$795,000
-1.3%
178
51
15
/ Pasadena / Pasadena Q1 Market Update
|
Average Selling Price Total Units Sold $1,000,000
60
$900,000 50
$800,000 $700,000
40
$600,000 $500,000
30
$400,000 20
$300,000 $200,000
10
$100,000 $0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
20%
19%
-
37%
-35%
2020
$920,863
$855,000
-2.2%
48
38
2019
$766,650
$720,000
-3.6%
35
58
2018
$846,488
$803,500
-0.4%
54
37
2017
$776,130
$711,000
-2.1%
54
56
2016
$834,833
$770,000
-95.7%
43
57
Pasadena Q1 Market Update / San Gabriel / 16
at a glance {Q1 | 2020}
SAN GABRIEL
20
%
Change in Average Selling Price {2020 vs 2019}
37
%
Change in Units Sold {2020 vs 2019}
48 Units Sold
921k
$
Average Selling Price
at a glance {Q1 | 2020}
san marino
-10
%
Change in Average Selling Price {2020 vs 2019}
13
%
Change in Units Sold {2020 vs 2019}
26 Units Sold
2.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,000,000
35
$2,500,000
30 25
$2,000,000
20 $1,500,000 15 $1,000,000
10
$500,000
5
$0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
-10%
-17%
-
13%
-36%
2020
$2,342,637
$1,940,000
-1.2%
26
57
2019
$2,606,874
$2,350,000
-1.1%
23
89
2018
$2,496,861
$2,400,000
-1.6%
23
77
2017
$2,776,736
$2,630,000
-5.8%
25
68
2016
$2,771,924
$1,952,500
-5.7%
32
75
19
/ San Marino / Pasadena Q1 Market Update
|
Average Selling Price Total Units Sold 25
$1,400,000 $1,200,000
20
$1,000,000 15
$800,000 $600,000
10
$400,000 5
$200,000 $0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
10%
3.0%
-
44%
104%
2020
$1,069,457
$980,000
-7.9%
23
73
2019
$967,961
$950,000
-0.9%
16
36
2018
$1,034,402
$945,000
-89.2%
23
58
2017
$1,149,121
$1,145,000
-3.9%
19
62
2016
$1,130,722
$1,114,000
-1.2%
18
35
Pasadena Q1 Market Update / Sierra Madre / 20
at a glance {Q1 | 2020}
sierra madre
10
%
Change in Average Selling Price {2020 vs 2019}
44
%
Change in Units Sold {2020 vs 2019}
23 Units Sold
1.1m
$
Average Selling Price
at a glance {Q1 | 2020}
SPARR HEIGHTS LA CRECENTA MONTROSE
8
%
Change in Average Selling Price {2020 vs 2019}
16
%
Change in Units Sold {2020 vs 2019}
59 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
80 70
$1,000,000
60 $800,000
50 40
$600,000
30
$400,000
20 $200,000
10 0
$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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
8.0%
-1.0%
-
16%
0%
2020
$966,576
$865,000
3.0%
59
42
2019
$898,976
$870,000
-0.5%
51
42
2018
$910,395
$898,000
2.7%
66
37
2017
$851,731
$799,000
1.8%
71
42
2016
$762,942
$760,000
0.1%
59
47
23
/ San Marino / Pasadena Q1 Market Update
|
Average Selling Price Total Units Sold $1,800,000
30
$1,600,000
25
$1,400,000 $1,200,000
20
$1,000,000
15
$800,000 $600,000
10
$400,000
5
$200,000 $0
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. sothebyshomes.com/pasadena
Q1
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2020 vs 2019}
Change
22%
10%
-
-21%
-10%
2020
$1,633,051
$1,463,000
3.3%
22
44
2019
$1,337,321
$1,332,500
-0.1%
28
49
2018
$1,714,273
$1,700,000
5.2%
22
33
2017
$1,553,482
$1,430,000
-1.7%
19
42
2016
$1,094,120
$1,005,000
-1.6%
22
52
24
/ South Pasadena / Pasadena Q1 Market Update
at a glance {Q1 | 2020}
south pasadena
22
%
Change in Average Selling Price {2020 vs 2019}
-21
%
Change in Units Sold {2020 vs 2019}
22 Units Sold
1.6m
$
Average Selling Price
PASADENA
Stunning South Pasadena Contemporary Last asking $2,595,000
Extraordinary Results We celebrate the notable success of our associates and clients
in order from left to right, top to bottom
PASADENA
Sophisticated Linda Vista Modern Last asking $2,495,000 PASADENA
Spanish Mediterranean Residence Last asking $1,999,999 PASADENA
Classic style in South Pasadena Last asking $1,350,000 PASADENA
Reimagined Pasadena Bungalow Last asking $1,198,000
sothebyshomes.com/pasadena 27
/ Significant Sales / Pasadena Q1 Market Update
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