Q1 2020 | Pasadena Market Update

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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Sotheby’s International Realty® is a registered trademark. Operated by Sotheby’s International Realty, Inc.