Q2 | 2019
Pasadena
Market Update
LEGACY MEDITERRANEAN HOME & VINEYARD
Last Asking $6,885,000 220northsanrafael.com
GARRETT VAN PELT, JR. DESIGNED ESTATE | PASADENA
Offered at $4,500,000 734fairfieldcircle.com
Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS H OM E S.C OM/PASADENA
PASADENA
Offered at $2,750,000 657lindavista.com PASADENA
Offered at $1,999,000 501glenct.com ARCADIA
Offered at $2,218,000 501campesinaroad.com PASADENA
Offered at $1,500,000 1650mountainpasadena.com *in order from left to right, top to bottom
sothebyshomes.com/pasadena
3
/ Featured Properties / Pasadena Q2 Market Update
Market Snapshot All Pasadena | Q2 2019
$1,450,000
1200
$1,400,000
$5M and Up $3M -$5M
1000
$1,350,000
Below $1M
800
$1,300,000 $1,250,000
600
$1,200,000
400
$1,150,000
$1M-$3M
200
$1,100,000 $1,050,000
0
2015 2016 2017 2018 2019
Total Volume by Price Point 23 % 61% 7% 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, Arcadia, Sierra Madre, Glendale, San Gabriel 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 Altadena Arcadia Glendale La CaĂąada Flintridge Pasadena San Gabriel San Marino Sierra Madre South Pasadena
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
Altadena Arcadia Glendale La Canada Pasadena San Flintridge Gabriel
San Marino
Sierra Madre
South Pasadena
Average Selling Price
Altadena
Pasadena
Arcadia
San Gabriel
Glendale
San Marino
La CaĂąada Flintridge
Sierra Madre
5
South Pasadena
/ Market Snapshot / Pasadena Q2 Market Update
at a glance {Q2 | 2019}
altadena
+5
%
Change in Average Selling Price {2019 v 2018}
-16
%
Change in Units Sold {2019 v 2018}
100 Units Sold
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
2015
2016
2017
2018
2019
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
Average Median Discount Total Selling Price Selling Price Ratio Units
Average Days on Market
5%
3%
-
-16%
26%
2019
$1,031,763
$847,000
0.0%
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
2015
$753,054
$652,250
1.3%
126
45
Q2 {2019 v 2018}
Change
7
/ Altadena / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $2,000,000
160
$1,800,000
140
$1,600,000
120
$1,400,000 $1,200,000
100
$1,000,000
80
$800,000
60
$600,000
40
$400,000
20
$200,000 $-
0
2015
2016
2017
2018
Average Selling Price
2019 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
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
-9%
1%
-
-19%
24%
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
2015
$1,734,216
$1,275,000
-6.8%
137
53
Pasadena Q2 Market Update / Arcadia / 8
at a glance {Q2 | 2019}
arcadia
-9
%
Change in Average Selling Price {2019 v 2018}
-19
%
Change in Units Sold {2019 v 2018}
98 Units Sold
1.6m
$
Average Selling Price
at a glance {Q2 | 2019}
GLENDALE
-8
%
Change in Average Selling Price {2019 v 2018}
-15
%
Change in Units Sold {2019 v 2018}
138 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
165
$1,200,000
160 155
$1,000,000
150
$800,000
145 $600,000
140
$400,000
135
$200,000
130
$-
125
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. sothebyshomes.com/pasadena
Average Median Discount Total Selling Price Selling Price Ratio Units
Average Days on Market
-8%
-3%
-
-15%
-7%
2019
$1,074,234
$1,029,500
-0.2%
138
34
2018
$1,161,465
$1,059,275
0.0%
163
37
2017
$1,036,761
$970,063
0.7%
144
41
2016
$944,472
$843,000
-0.6%
149
41
2015
$891,793
$825,000
-1.8%
163
51
Q2 {2019 v 2018}
Change
11
/ Glendale / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $2,500,000
100 90 80
$2,000,000
70 $1,500,000
60 50
$1,000,000
40 30
$500,000
20 10
$-
0
2015
2016
2017
2018
Average Selling Price
2019 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 Selling Price Selling Price Ratio Units
Average Days on Market
-8%
-2%
-
-8%
11%
2019
$2,112,037
$1,905,000
-4.6%
72
52
2018
$2,297,924
$1,937,500
-2.1%
78
47
2017
$2,154,776
$1,857,500
-3.2%
70
47
2016
$1,786,325
$1,630,000
-0.1%
73
43
2015
$1,823,639
$1,575,000
0.2%
89
34
Q2 {2019 v 2018}
Change
Pasadena Q2 Market Update / La Canada Flintridge / 12
at a glance {Q2 | 2019}
la caĂąada flintridge
-8
%
Change in Average Selling Price {2019 v 2018}
-8
%
Change in Units Sold {2019 v 2018}
72 Units Sold
2.1m
$
Average Selling Price
at a glance {Q2 | 2019}
PASADENA
+8
%
Change in Average Selling Price {2019 v 2018}
-7
%
Change in Units Sold {2019 v 2018}
230 Units Sold
1.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
350
$1,400,000
300
$1,200,000
250
$1,000,000
200
$800,000 150
$600,000
100
$400,000
50
$200,000 $-
0
2015
2016
2017
2018
2019
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
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
8%
2%
-
-7%
18%
2019
$1,392,729
$1,046,625
0.1%
230
42
2018
$1,290,800
$1,027,500
1.2%
248
36
2017
$1,223,103
$947,500
-0.6%
271
42
2016
$1,112,449
$879,500
-2.8%
246
45
2015
$1,046,389
$802,500
-3.1%
286
44
15
/ Pasadena / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,000,000
74
$900,000
72
$800,000
70
$700,000
68
$600,000
66
$500,000
64
$400,000
62
$300,000 $200,000
60
$100,000
58
$-
56
2015
2016
2017
2018
Average Selling Price
2019 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
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
9%
14%
-
-2%
54%
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
2015
$765,448
$728,000
-2.0%
63
32
Pasadena Q2 Market Update / San Gabriel / 16
at a glance {Q2 | 2019}
SAN GABRIEL
+9
%
Change in Average Selling Price {2019 v 2018}
-2
%
Change in Units Sold {2019 v 2018}
62 Units Sold
900k
$
Average Selling Price
at a glance {Q2 | 2019}
san marino
+7
%
Change in Average Selling Price {2019 v 2018}
42
%
Change in Units Sold {2019 v 2018}
34 Units Sold
3.1m
$
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
2015
2016
2017
2018
Average Selling Price
2019 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
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
7%
25%
-
42%
10%
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
2015
$2,740,444
$2,500,000
0.8%
36
42
19
/ San Marino / Pasadena Q2 Market Update
|
Average Selling Price Total Units Sold $1,400,000
45 40
$1,200,000
35
$1,000,000
30
$800,000
25
$600,000
20 15
$400,000
10
$200,000
5
$-
0
2015
2016
2017
2018
Average Selling Price
2019 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
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
0%
-11%
-
-36%
130%
2019
$1,175,904
$980,000
-5.4%
23
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
2015
$1,015,105
$938,000
-3.4%
39
45
Pasadena Q2 Market Update / Sierra Madre / 20
at a glance {Q2 | 2019}
sierra madre
0
%
Change in Average Selling Price {2019 v 2018}
-36
%
Change in Units Sold {2019 v 2018}
23 Units Sold
1.2m
$
Average Selling Price
at a glance {Q2 | 2019}
south pasadena
+2
%
Change in Average Selling Price {2019 v 2018}
-9
%
Change in Units Sold {2019 v 2018}
31 Units Sold
1.7m
$
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
2015
2016
2017
2018
Average Selling Price
2019 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
Q2
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
2%
25%
-
-9%
-2%
2019
$1,675,744
$1,678,000
1.5%
31
32
2018
$1,639,794
$1,342,500
1.5%
34
33
2017
$1,374,497
$1,310,000
3.4%
43
34
2016
$1,577,911
$1,400,000
3.1%
35
43
2015
$1,313,938
$1,290,000
2.0%
35
48
23
/ South Pasadena / Pasadena Q2 Market Update
PASADENA
Magical Mid-Century Modern Oasis Last asking $1,595,000
Extraordinary Results We celebrate the notable success of our associates and clients
PASADENA
1895 Craftsman Farmhouse Last asking $2,800,000 PASADENA
Arroyo Seco Craftsman Masterpiece Last asking $2,595,000 EAGLE ROCK
Architectural Mills Act Home Last asking $1,450,000 SOUTH PASADENA
Mid-Century Modern with Views Last asking $1,478,000 *in order from left to right, top to bottom
sothebyshomes.com/pasadena 25
/ Significant Sales / Pasadena Q2 Market Update
PHOTO BY PAUL VAN COTTHEM 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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