Q3 | 2017
Pasadena
Market Update
J. GAMBLE CARSON HOUSE | SIERRA MADRE
Offered at $2,500,000 sothebyshomes.com/0278387
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/ PASADE NA
LINDA VISTA COMPOUND | PASADENA
Offered at $4,999,000 sothebyshomes.com/0278381
PASADENA
Offered at $4,125,000 sothebyshomes.com/0278360 ALTADENA
Offered at $2,365,000 sothebyshomes.com/0278391 PASADENA
Offered at $1,850,000 sothebyshomes.com/0278356 PASADENA
Offered at $1,500,000 sothebyshomes.com/0278388 *in order from left to right, top to bottom
sothebyshomes.com/pasadena
3
/ Featured Properties / Pasadena Q3 Market Update
Market Snapshot All Pasadena | Q3 2017
$1,600,000
860 840
$1,400,000
820
$3M -$5M
$1,200,000
$5M and Up
800
Below $1M
$1,000,000
780
$800,000
760 740
$600,000
720 $400,000 700
$1M-$3M $200,000
680
$-
660
2013 2014 2015 2016 2017
Total Volume by Price Point 25 % 59 % 5% 11 %
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, 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 La CaĂąada Flintridge Pasadena San Marino Sierra Madre South Pasadena
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
Altadena
Arcadia La Canada Pasadena Flintridge
San Marino
Sierra Madre
South Pasadena
Average Selling Price
Altadena
Pasadena
Arcadia
San Marino
La CaĂąada Flintridge Sierra Madre
South Pasadena
5
/ Market Snapshot / Pasadena Q3 Market Update
at a glance {Q3 | 2017}
altadena
+11
%
Change in Average Selling Price {2017 v 2016}
-18
%
Change in Units Sold {2017 v 2016}
98 Units Sold
900k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,000,000
160
$900,000
140
$800,000
120
$700,000 $600,000
100
$500,000
80
$400,000
60
$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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
11%
14%
-
-18%
-30%
2017
$933,494
$842,500
1%
98
34
2016
$837,919
$739,500
-1%
120
48
2015
$783,317
$691,500
1%
112
53
2014
$668,651
$595,000
-1%
103
47
2013
$683,594
$627,500
2%
138
38
7
/ Altadena / Pasadena Q3 Market Update
|
Average Selling Price Total Units Sold $1,750,000
160
$1,700,000
140 120
$1,650,000
100
$1,600,000
80 $1,550,000
60
$1,500,000
40
$1,450,000
20
$1,400,000
0
2013
2014
2015
2016
Average Selling Price
2017 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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
-3%
2%
-
-4%
7%
2017
$1,575,482
$1,317,500
-6%
122
49
2016
$1,619,358
$1,287,400
-7%
127
45
2015
$1,677,052
$1,197,500
-6%
122
47
2014
$1,685,379
$1,360,000
-3%
113
36
2013
$1,531,226
$1,200,000
0%
146
33
Pasadena Q3 Market Update / Arcadia / 8
at a glance {Q3 | 2017}
arcadia
-3
%
Change in Average Selling Price {2017 v 2016}
-4
%
Change in Units Sold {2017 v 2016}
122 Units Sold
1.6k
$
Average Selling Price
at a glance {Q3 | 2017}
la caĂąada flintridge
+12
%
Change in Average Selling Price {2017 v 2016}
-3
%
Change in Units Sold {2017 v 2016}
67 Units Sold
2.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,500,000
80 78
$2,000,000
76 74
$1,500,000
72 70
$1,000,000
68 66
$500,000
64 62
$-
60
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
12%
3%
-
-3%
17%
2017
$2,054,209
$1,650,000
-2%
67
51
2016
$1,830,911
$1,594,500
-7%
69
43
2015
$1,785,771
$1,444,000
-2%
76
46
2014
$1,538,861
$1,285,000
-1%
79
46
2013
$1,441,699
$1,275,000
-1%
78
44
11
/ La Cañada Flintridge / Pasadena Q3 Market Update
|
Average Selling Price Total Units Sold $1,400,000
285
$1,200,000
280
$1,000,000
275
$800,000
270
$600,000
265
$400,000
260
$200,000
255
$-
250
2013
2014
2015
2016
Average Selling Price
2017 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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
16%
14%
-
-3%
-4%
2017
$1,220,939
$950,000
-1%
263
42
2016
$1,056,381
$835,000
-2%
271
43
2015
$1,043,214
$784,000
0%
278
46
2014
$1,037,896
$773,500
-9%
280
47
2013
$956,658
$707,500
-4%
278
43
Pasadena Q3 Market Update / Pasadena / 12
at a glance {Q3 | 2017}
pasadena
16
%
Change in Average Selling Price {2017 v 2016}
-3
%
Change in Units Sold {2017 v 2016}
263 Units Sold
1.2m
$
Average Selling Price
at a glance {Q3 | 2017}
san marino
-1
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
38 Units Sold
2.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,500,000
45 40
$3,000,000
35
$2,500,000
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
-1%
3%
-
0%
-3%
2017
$2,439,661
$2,140,500
-2%
38
39
2016
$2,459,382
$2,075,000
-1%
38
41
2015
$2,436,360
$2,149,000
-10%
30
53
2014
$3,020,936
$2,358,000
-1%
37
31
2013
$2,354,356
$1,988,000
1%
39
38
15
/ San Marino / Pasadena Q3 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
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
2%
9%
-
-7%
-6%
2017
$1,201,968
$1,100,000
-4%
27
36
2016
$1,177,144
$1,006,000
-3%
29
38
2015
$1,068,886
$962,500
-3%
32
33
2014
$903,471
$876,250
-3%
40
36
2013
$987,030
$835,000
-1%
27
43
Pasadena Q3 Market Update / Sierra Madre / 16
at a glance {Q3 | 2017}
sierra madre
2
%
Change in Average Selling Price {2017 v 2016}
-7
%
Change in Units Sold {2017 v 2016}
27 Units Sold
1.2m
$
Average Selling Price
at a glance {Q3 | 2017}
south pasadena
21
%
Change in Average Selling Price {2017 v 2016}
-16
%
Change in Units Sold {2017 v 2016}
36 Units Sold
1.5m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
50
$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
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
Q3
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
21%
24%
-
-16%
10%
2017
$1,510,671
$1,486,250
3%
36
30
2016
$1,244,095
$1,200,000
3%
43
28
2015
$1,523,132
$1,285,000
4%
46
32
2014
$1,215,994
$1,135,000
5%
33
24
2013
$1,101,290
$987,800
0%
44
33
19
/ South Pasadena / Pasadena Q3 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
ALTADENA
Garden Home on Christmas Tree Lane Last asking $1,300,000
PASADENA
A Modern Dream Home Masterpiece Last asking $2,999,999 PASADENA
Charming Character Craftsman Duplex Last asking $1,500,000 LA CANADA FLINTRIDGE
Remodeled La Canada Home Last asking $1,399,000 ARCADIA
Arcadia Village Traditional Style Last asking $1,300,000 *in order from left to right, top to bottom
sothebyshomes.com/pasadena 21
/ Significant Sales / Pasadena Q3 Market Update
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