Q4 | 2019
Pasadena
Market Update
THE DUNCAN-IRWIN HOUSE, 1906 GREENE & GREENE
Last asking $3,950,000 240NorthGrand.com
Featured Properties PASADENA
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Offered at $2,495,000 657lindavista.com PASADENA
Offered at $2,098,000 425plumosa.com PASADENA
Offered at $1,850,000 410southgreenwood.com *in order from left to right, top to bottom
sothebyshomes.com/pasadena
3
/ Featured Properties / Pasadena Q4 Market Update
Market Snapshot All Pasadena | Q4 2019
$1,400,000
$3M -$5M
$1,350,000
$5M and Up
1200
1000
$1,300,000 800
Below $1M $1,250,000
600 $1,200,000 400 $1,150,000
$1M-$3M
$1,100,000
$1,050,000
Total Volume by Price Point 28 % 60% 4% 8%
200
0
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 and Glendale 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 South Pasadena Sparr Heights/La Crescenta/Montrose
Average Selling Price $3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
SparrHgts/La Crescenta/Montr Sparr Heights/La Crescenta/Montrose ose
South Pasadena South Pasadena
Sierra Madre Sierra Madre
San Marino San Marino
San Gabriel San Gabriel
Pasadena Pasadena
LaLaCanada CaĂąada Flintridge Flintridge
Glendale Glendale
Arcadia Arcadia
Altadena Altadena
5
/ Market Snapshot / Pasadena Q4 Market Update
at a glance {Q4 | 2019}
altadena
7
%
Change in Average Selling Price {2019 v 2018}
3
%
Change in Units Sold {2019 v 2018}
95 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
120
$1,000,000
100
$800,000
80
$600,000
60
$400,000
40
$200,000
20
$-
0
2015
2016
2017
2018
Average Selling Price
2019 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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
7%
2%
-
3%
-11%
2019
$1,035,835
$854,000
0.4%
95
36
2018
$971,585
$836,900
-1.3%
92
41
2017
$912,676
$779,000
1.7%
90
38
2016
$1,038,709
$783,000
15.7%
88
51
2015
$778,973
$700,000
-0.6%
108
53
7
/ Altadena / Pasadena Q4 Market Update
$1,850,000
|
Average Selling Price Total Units Sold
140
$1,800,000
120
$1,750,000
100
$1,700,000
80
$1,650,000
60
$1,600,000
40
$1,550,000
20
$1,500,000
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
0%
4%
-
36%
7%
2019
$1,619,536
$1,240,000
-14.4%
102
67
2018
$1,619,383
$1,189,000
-7.7%
75
63
2017
$1,786,824
$1,349,000
-9.6%
106
52
2016
$1,633,148
$1,179,000
-8.7%
114
62
2015
$1,813,564
$1,375,000
-8.8%
117
59
Pasadena Q4 Market Update / Arcadia / 8
at a glance {Q4 | 2019}
arcadia
0
%
Change in Average Selling Price {2019 v 2018}
36
%
Change in Units Sold {2019 v 2018}
102 Units Sold
1.6m
$
Average Selling Price
at a glance {Q4 | 2019}
GLENDALE
1
%
Change in Average Selling Price {2019 v 2018}
7
%
Change in Units Sold {2019 v 2018}
156 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
200 180
$1,000,000
160 140
$800,000
120 $600,000
100 80
$400,000
60 40
$200,000
20 $-
0
2015
2016
2017
2018
Average Selling Price
2019 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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
1%
3%
-
7%
-7%
2019
$1,067,957
$1,015,000
-0.3%
156
41
2018
$1,062,057
$984,500
0.2%
146
44
2017
$1,020,689
$900,000
0.7%
174
39
2016
$960,033
$882,500
0.5%
174
44
2015
$834,723
$801,000
0.0%
142
46
11
/ Glendale / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $2,400,000
70
$2,300,000
60
$2,200,000
50
$2,100,000
40
$2,000,000
30
$1,900,000
20
$1,800,000
10
$1,700,000
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
-11%
16%
-
5%
-4%
2019
$2,018,815
$1,900,000
-3.8%
61
60
2018
$2,277,682
$1,637,500
6.9%
58
62
2017
$1,978,798
$1,675,500
-1.7%
50
48
2016
$1,922,819
$1,660,000
-2.5%
59
66
2015
$1,918,388
$1,656,250
-4.2%
60
62
Pasadena Q4 Market Update / La Canada Flintridge / 12
at a glance {Q4 | 2019}
la caĂąada flintridge
-11
%
Change in Average Selling Price {2019 v 2018}
5
%
Change in Units Sold {2019 v 2018}
61 Units Sold
2m
$
Average Selling Price
at a glance {Q4 | 2019}
PASADENA
-7
%
Change in Average Selling Price {2019 v 2018}
13
%
Change in Units Sold {2019 v 2018}
226 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
250
$1,400,000 200
$1,200,000 $1,000,000
150
$800,000 100
$600,000 $400,000
50
$200,000 $-
0
2015
2016
2017
2018
Average Selling Price
2019 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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
-7%
11%
-
13%
24%
2019
$1,284,190
$1,058,500
-2.8%
226
53
2018
$1,381,338
$950,000
-3.0%
200
43
2017
$1,259,399
$952,000
-0.5%
185
40
2016
$1,090,043
$852,325
-75.4%
231
50
2015
$1,041,656
$790,000
-3.1%
210
53
15
/ Pasadena / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $900,000
90 80
$850,000
70 60
$800,000
50 40
$750,000
30 20
$700,000
10 $650,000
0
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
-4%
4%
-
32%
-25%
2019
$838,659
$794,000
-0.6%
78
37
2018
$870,807
$765,000
-5.5%
59
49
2017
$852,361
$787,000
-0.8%
59
39
2016
$822,319
$765,000
-3.0%
64
29
2015
$732,247
$703,500
-4.3%
60
50
Pasadena Q4 Market Update / San Gabriel / 16
at a glance {Q4 | 2019}
SAN GABRIEL
-4
%
Change in Average Selling Price {2019 v 2018}
32
%
Change in Units Sold {2019 v 2018}
78 Units Sold
800k
$
Average Selling Price
at a glance {Q4 | 2019}
san marino
18
%
Change in Average Selling Price {2019 v 2018}
-36
%
Change in Units Sold {2019 v 2018}
16 Units Sold
2.8m
$
Average Selling Price
|
Average Selling Price Total Units Sold $3,500,000
35
$3,000,000
30
$2,500,000
25
$2,000,000
20
$1,500,000
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
18%
12%
-
-36%
3%
2019
$2,828,813
$2,400,000
-6.0%
16
66
2018
$2,392,178
$2,138,000
-6.5%
25
64
2017
$2,873,150
$2,000,000
-7.4%
31
94
2016
$2,647,480
$2,150,000
-5.4%
31
60
2015
$2,376,115
$2,250,000
-2.6%
32
43
19
/ San Marino / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $1,200,000
35 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
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
8%
2%
-
44%
21%
2019
$1,142,742
$962,500
-5.3%
26
46
2018
$1,058,335
$945,000
-6.4%
18
38
2017
$951,848
$925,000
-5.3%
23
43
2016
$1,048,100
$950,000
-4.6%
20
52
2015
$970,834
$920,000
-4.2%
29
46
Pasadena Q4 Market Update / Sierra Madre / 20
at a glance {Q4 | 2019}
sierra madre
8
%
Change in Average Selling Price {2019 v 2018}
44
%
Change in Units Sold {2019 v 2018}
26 Units Sold
1.1m
$
Average Selling Price
at a glance {Q4 | 2019}
SPARR HEIGHTS LA CRECENTA MONTROSE
8
%
Change in Average Selling Price {2019 v 2018}
18
%
Change in Units Sold {2019 v 2018}
52 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
70
$1,000,000
60 50
$800,000
40 $600,000 30 $400,000
20
$200,000
10
$-
0
2015
2016
2017
2018
Average Selling Price
2019 Total Units Sold
About
Sparr Heights/La Crescenta/Montrose Centrally located and bordered on the north by the San Gabriel Mountains and Angeles National Forest, La Crescenta-Montrose boasts some of the best classical California architecture, making it one of the most desirable and up-and-coming areas in all of Southern California. sothebyshomes.com/pasadena
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
8%
8%
-
18%
-6%
2019
$985,942
$947,500
2.2%
52
43
2018
$911,886
$874,250
0.5%
44
45
2017
$833,900
$835,000
1.8%
45
35
2016
$794,130
$766,500
-0.9%
60
50
2015
$782,730
$727,000
1.4%
56
44
23
/ San Marino / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $1,450,000
40
$1,400,000
35
$1,350,000
30
$1,300,000
25
$1,250,000
20
$1,200,000
15
$1,150,000
10
$1,100,000
5
$1,050,000
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2019 v 2018}
Change
24
14%
6%
-
36%
-2%
2019
$1,354,618
$1,291,000
-1.5%
30
40
2018
$1,183,694
$1,220,225
-3.0%
22
41
2017
$1,396,397
$1,284,455
1.6%
15
37
2016
$1,380,989
$1,300,000
-0.1%
35
48
2015
$1,288,975
$1,289,500
-1.7%
32
43
/ South Pasadena / Pasadena Q4 Market Update
at a glance {Q4 | 2019}
south pasadena
14
%
Change in Average Selling Price {2019 v 2018}
36
%
Change in Units Sold {2019 v 2018}
30 Units Sold
1.4m
$
Average Selling Price
PASADENA
Restored Mediterranean and Outdoor Living Last asking $1,549,000
Extraordinary Results We celebrate the notable success of our associates and clients
PASADENA
Elegant Living in San Rafael Last asking $2,198,000 PASADENA
Rose Villa Country Cottage Last asking $2,599,000 PAASADEMA
Charming English Cottage Style Home Last asking $1,399,000 PASADENA
South Pasadena Tudor Revival Style Home Last asking $1,255,000 *in order from left to right, top to bottom
sothebyshomes.com/pasadena 27
/ Significant Sales / Pasadena Q4 Market Update
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O N LY W I T H U S . C O M / W H I T E G L O V E © Sotheby’s International Realty, Inc. All rights reserved. Sotheby’s International Realty® is a registered trademark. 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. Certain services are provided by third parties including Sotheby’s, Sotheby’s Home, Zoom Casa and other third parties on Zoom Casa’s platform who have met insurance and other criteria required by Zoom Casa. DRE#: 899496.