Q4 | 2017
Pasadena
Market Update
CONTEMPORARY ARCHITECTURAL WITH VIEW | LA CANADA FLINTRIDGE
Offered at $4,195,000 sothebyshomes.com/0278397
COLONIAL REVIVAL BY MYRON HUNT | PASADENA
Offered at $7,499,000 sothebyshomes.com/0278310
Featured Properties We invite you to explore our exclusive offerings at S OT H EBYS H O M E S.C O M /PASAD ENA
SOUTH PASADENA
Offered at $2,995,000 sothebyshomes.com/0278448 GLENDALE
Offered at $2,550,000 sothebyshomes.com/0278351 SIERRA MADRE
Offered at $2,500,000 sothebyshomes.com/0278387 PASADENA
Offered at $1,600,000 sothebyshomes.com/0278346 *in order from left to right, top to bottom
sothebyshomes.com/pasadena
3
/ Featured Properties / Pasadena Q4 Market Update
Market Snapshot All Pasadena | Q4 2017
$1,400,000
900 800
$1,200,000
700
$5M and Up $1,000,000
$3M -$5M
Below $1M
600
$800,000
500
$600,000
400 300
$400,000
$1M-$3M
200 $200,000
100
$-
0
2013 2014 2015 2016 2017
Total Volume by Price Point 29 % 50 % 9% 1%
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
$3,500,000 $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 Q4 Market Update
at a glance {Q4 | 2017}
altadena
+6
%
Change in Average Selling Price {2017 v 2016}
-1
%
Change in Units Sold {2017 v 2016}
89 Units Sold
900k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,000,000
110
$900,000 105
$800,000 $700,000
100
$600,000 $500,000
95
$400,000 90
$300,000 $200,000
85
$100,000 $-
80
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
6%
0%
-
-1%
-18%
2017
$908,392
$778,000
2%
89
41
2016
$856,904
$775,000
-3%
90
50
2015
$778,610
$700,000
0%
105
52
2014
$714,042
$622,500
-5%
96
53
2013
$680,399
$550,750
-2%
104
43
7
/ Altadena / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $1,500,000
175
$1,450,000
170 165
$1,400,000
160 $1,350,000 155 $1,300,000
150
$1,250,000
145
$1,200,000
140
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
10%
21%
-
-9%
-17%
2017
$1,460,822
$1,099,888
-8%
153
47
2016
$1,323,546
$906,150
-8%
169
56
2015
$1,453,210
$969,100
-8%
170
55
2014
$1,430,490
$1,074,000
-4%
162
43
2013
$1,311,160
$1,311,160
-3%
171
34
Pasadena Q4 Market Update / Arcadia / 8
at a glance {Q4 | 2017}
arcadia
+10
%
Change in Average Selling Price {2017 v 2016}
-9
%
Change in Units Sold {2017 v 2016}
153 Units Sold
1.5m
$
Average Selling Price
at a glance {Q4 | 2017}
la caĂąada flintridge
+4
%
Change in Average Selling Price {2017 v 2016}
-19
%
Change in Units Sold {2017 v 2016}
51 Units Sold
1.9m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,500,000
70 60
$2,000,000
50 $1,500,000
40 30
$1,000,000
20 $500,000
10
$-
0
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
4%
7%
-
-19%
-22%
2017
$1,940,233
$1,625,000
-2%
51
48
2016
$1,857,203
$1,525,000
-2%
63
61
2015
$1,902,021
$1,650,000
-4%
61
59
2014
$1,925,355
$1,450,000
-4%
57
70
2013
$1,435,874
$1,200,500
-4%
58
59
11
/ La Cañada Flintridge / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $1,200,000
450 400
$1,000,000
350
$800,000
300 250
$600,000
200
$400,000
150 100
$200,000
50
$-
0
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
12%
11%
-
-18%
-31%
2017
$1,023,499
$810,000
0%
310
34
2016
$913,707
$731,000
-69%
380
50
2015
$877,564
$662,101
-15%
360
52
2014
$803,535
$640,100
-4%
314
55
2013
$761,176
$622,500
-11%
388
50
Pasadena Q4 Market Update / Pasadena / 12
at a glance {Q4 | 2017}
pasadena
+12
%
Change in Average Selling Price {2017 v 2016}
-18
%
Change in Units Sold {2017 v 2016}
310 Units Sold
1
$ m Average Selling Price
at a glance {Q4 | 2017}
san marino
+9
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
31 Units Sold
2.9m
$
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
9%
-7%
-
0%
56%
2017
$2,873,150
$2,000,000
-7%
31
94
2016
$2,647,480
$2,150,000
-5%
31
60
2015
$2,376,115
$863,500
-3%
32
43
2014
$2,183,286
$2,035,000
0%
24
36
2013
$1,998,054
$1,818,000
3%
39
34
15
/ San Marino / Pasadena Q4 Market Update
|
Average Selling Price Total Units Sold $1,000,000
45 40
$950,000
35 30
$900,000
25 20
$850,000
15 10
$800,000
5 $750,000
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
-4%
2%
-
0%
-18%
2017
$932,700
$905,000
-5%
25
41
2016
$969,600
$890,000
-4%
25
50
2015
$889,672
$863,500
-4%
39
40
2014
$978,343
$900,000
-6%
31
46
2013
$836,066
$728,000
-2%
39
49
Pasadena Q4 Market Update / Sierra Madre / 16
at a glance {Q4| 2017}
sierra madre
-4
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
25 Units Sold
900k
$
Average Selling Price
at a glance {Q4 | 2017}
south pasadena
0
%
Change in Average Selling Price {2017 v 2016}
-54
%
Change in Units Sold {2017 v 2016}
21 Units Sold
1.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000 30 $600,000 20
$400,000
10
$200,000 $-
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
Q4
Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market
{2017 v 2016}
Change
0%
0%
-
-54%
-8%
2017
$1,228,522
$1,150,000
2%
21
38
2016
$1,225,829
$1,150,000
0%
46
42
2015
$1,050,765
$980,000
-1%
49
40
2014
$1,046,413
$947,500
0%
54
51
2013
$979,580
$850,500
0%
43
55
19
/ South Pasadena / Pasadena Q4 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
PASADENA
Iconic Mid-Century Modern with 360° view Last asking $4,125,000
LA CANADA FLINTRIDGE
Modern Tuscan Estate Last asking $2,779,000 PASADENA
Sophisticated Contemporary Last asking $2,100,000 ALTADENA
Elegant Colonial Revival Last asking $2,098,000 GLENDALE
Spacious Four Bedroom in College Hills Last asking $1,195,000 *in order from left to right, top to bottom
sothebyshomes.com/pasadena 21
/ Significant Sales / Pasadena Q4 Market Update
DISCOVER NEW WINES THIS FALL Sotheby’s Wine is more than an auctioneer. We are a global retailer with stores in New York and Hong Kong. Visit us online at sothebyswine.com.
1334 YORK AVENUE, NEW YORK, NY 10021 +1 212 894 1990
5TH FLOOR, ONE PACIFIC PLACE, HONG KONG +852 2886 7888 WINE@SOTHEBYS.COM
Smythe & Jones