Q3 2020 | Pasadena Market Update

Q3 | 2020

Pasadena

Market Update

PASADENA

Huntington Library District Reimagined 661landorlane.com

PASADENA

Gracious Colonial Revival 208sgrand.com

Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS REALTY.C O M

SOUTH PASADENA

Offered at $2,250,000 1617milan.com PASADENA

Offered at $1,150,000 2087casagrande.com PASADENA

Offered at $1,050,000 2286galbreth.com SAN GABRIEL

Offered at $1,350,000 sothebysrealty.com/id/ZS3JL4 *in order from left to right, top to bottom

sothebysrealty.com

3

/ Featured Properties / Pasadena Q3 Market Update

Market Snapshot All Pasadena | Q3 2020

$1, 450,000

1050

$1, 400,000 1000

$3M -$5M

$1, 350,000

$5M and Up

$1, 300,000

Below $1M

950

$1, 250,000 900 $1, 200,000 $1, 150,000

850

$1, 100, 000 800 $1, 050,000

Total Volume

by Price Point 22 % 66% 3% 8%

20 20

20 19

20 18

750

20 17

$1, 000,000

20 16

$1M-$3M

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 Sparr Heights/La Crescenta/Montrose San Marino Sierra Madre South Pasadena

Average Selling Price

$2,500,000 $2,500,000

$2,000,000 $2,000,000

$1, 500,000 $1,500,000

$1, 000,000 $1,000,000

$500,000 $500,000

$-

$

South Pasadena South Pasadena

Sierra Madre Sierra Madre

SanMarino Marino San

SparrHgts/La Sparr Heights/La Crescenta/Montrose Crescenta/Montr ose

SanGabriel Gabriel San

Pasadena Pasadena

La Canada La CaĂąada Flintridge Flintridge

Glendale Glendale

Arcadia Arcadia

Altadena Altadena

5

/ Market Snapshot / Pasadena Q3 Market Update A

at a glance {Q3 | 2020}

altadena

7

%

Change in Average Selling Price {2020-2019}

-15

%

Change in Units Sold {2020-2019}

91 Units Sold

1.1m

$

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

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020-2019}

Change

7%

3%

-

-15%

-34%

2020

$1,112,570

$975,000

3.2%

91

24

2019

$1,044,001

$950,000

2.7%

107

37

2018

$962,563

$845,000

-0.4%

103

40

2017

$931,438

$840,000

0.9%

99

34

2016

$837,919

$739,500

-1.1%

120

48

7

/ Altadena / Pasadena Q3 Market Update

|

Average Selling Price Total Units Sold $1,800,000

140

$1,750,000

120

$1,700,000

100

$1,650,000

80

$1,600,000

60

$1,550,000

40

$1,500,000

20

$1,450,000

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}

Change

3%

6%

-

-1%

-18%

2020

$1,592,746

$1,266,500

-5.8%

102

56

2019

$1,550,359

$1,200,000

-8.3%

103

68

2018

$1,744,726

$1,280,000

-12.4%

109

49

2017

$1,582,304

$1,320,000

-6.3%

121

49

2016

$1,627,607

$1,298,700

-7.5%

126

46

Pasadena Q3 Market Update / Arcadia / 8

at a glance {Q3 | 2020}

arcadia

3

%

Change in Average Selling Price {2020-2019}

-1

%

Change in Units Sold {2020-2019}

102 Units Sold

1.6m

$

Average Selling Price

at a glance {Q3 | 2020}

GLENDALE

17

%

Change in Average Selling Price {2020-2019}

4

%

Change in Units Sold {2020-2019}

106 Units Sold

1.2m

$

Average Selling Price

|

Average Selling Price Total Units Sold $1,200,000

140

$1,150,000

120

$1,100,000

100

$1,050,000

80

$1,000,000

60

$950,000

40

$900,000

20

$850,000

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020-2019}

Change

17%

17%

-

4%

-27%

2020

$1,154,973

$1,087,500

3.0%

106

33

2019

$983,407

$928,000

1.6%

102

44

2018

$1,041,768

$985,000

5.4%

101

32

2017

$1,019,639

$891,500

-88.9%

122

39

2016

$969,956

$900,000

-1.2%

117

40

11

/ Glendale / Pasadena Q3 Market Update

|

Average Selling Price Total Units Sold $2,200,000

100 90

$2,100,000

80 70

$2,000,000

60 $1,900,000

50 40

$1,800,000

30 20

$1,700,000

10 $1,600,000

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}}

Change

13%

7%

-

39%

-7%

2020

$2,171,472

$1,885,000

-1.2%

89

51

2019

$1,926,837

$1,767,500

-1.0%

64

56

2018

$2,139,563

$1,747,500

-6.3%

56

51

2017

$2,054,209

$1,650,000

0.0%

67

50

2016

$1,830,911

$1,594,500

-7.0%

69

43

Pasadena Q3 Market Update / La Canada Flintridge / 12

at a glance {Q3 | 2020}

la caĂąada flintridge

13

%

Change in Average Selling Price {2020-2019}

39

%

Change in Units Sold {2020-2019}

89 Units Sold

2.2m

$

Average Selling Price

at a glance {Q3 | 2020}

PASADENA

14

%

Change in Average Selling Price {2020-2019}

-14

%

Change in Units Sold {2020-2019}

221 Units Sold

1.4m

$

Average Selling Price

|

Average Selling Price Total Units Sold 300

$1,600,000 $1,400,000

250

$1,200,000 200

$1,000,000

150

$800,000 $600,000

100

$400,000 50

$200,000 $-

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020-2019}

Change

14%

24%

-

-14%

-22%

2020

$1,374,392

$1,170,000

1.5%

221

36

2019

$1,204,372

$946,000

-2.8%

258

47

2018

$1,317,073

$1,030,500

-2.3%

230

41

2017

$1,219,387

$950,000

-0.2%

261

42

2016

$1,050,185

$835,000

-78.8%

275

43

15

/ Pasadena / Pasadena Q3 Market Update

|

Average Selling Price Total Units Sold $1,000,000

76

$900,000

74

$800,000

72

$700,000 $600,000

70

$500,000 68

$400,000 $300,000

66

$200,000

64

$100,000 $-

62

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}}

Change

7%

12%

-

3%

-22%

2020

$926,345

$920,000

0.2%

70

29

2019

$867,801

$823,400

-2.6%

68

37

2018

$866,095

$849,000

1.9%

66

25

2017

$849,827

$799,000

-15.6%

74

33

2016

$733,180

$684,500

-0.8%

67

33

Pasadena Q3 Market Update / San Gabriel / 16

at a glance {Q3 | 2020}

SAN GABRIEL

7

%

Change in Average Selling Price {2020-2019}

3

%

Change in Units Sold {2020-2019}

70 Units Sold

900k

$

Average Selling Price

at a glance {Q3 | 2020}

san marino

-5

%

Change in Average Selling Price {2020-2019}

0

%

Change in Units Sold {2020-2019}

35 Units Sold

2.2m

$

Average Selling Price

|

Average Selling Price Total Units Sold $3,000,000

39 38

$2,500,000

38 37

$2,000,000

37 $1,500,000

36 36

$1,000,000

35 35

$500,000

34 $-

34

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}

Change

-5%

14%

-

0%

-27%

2020

$2,204,240

$2,180,000

-0.3%

35

45

2019

$2,312,694

$1,917,888

-7.2%

35

62

2018

$2,795,800

$2,247,000

-7.1%

38

63

2017

$2,439,661

$2,140,500

-2.2%

38

40

2016

$2,459,382

$2,075,000

-0.5%

38

41

19

/ San Marino / Pasadena Q2 Market Update

|

Average Selling Price Total Units Sold $1,400,000

35

$1,200,000

30

$1,000,000

25

$800,000

20

$600,000

15

$400,000

10

$200,000

5

$-

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}

Change

30%

15%

-

23%

91%

2020

$1,275,272

$1,091,900

-3.3%

32

57

2019

$980,726

$952,000

-4.6%

26

30

2018

$1,072,922

$1,065,000

-3.5%

32

39

2017

$1,201,968

$1,100,000

-3.8%

27

36

2016

$1,177,144

$1,006,000

-2.8%

29

38

Pasadena Q2 Market Update / Sierra Madre / 20

at a glance {Q3 | 2020}

sierra madre

30

%

Change in Average Selling Price {2020-2019}

23

%

Change in Units Sold {2020-2019}

32 Units Sold

1.3m

$

Average Selling Price

at a glance {Q3 | 2020}

SPARR HEIGHTS LA CRECENTA MONTROSE

8

%

Change in Average Selling Price {2020-2019}

17

%

Change in Units Sold {2020-2019}

115 Units Sold

1m

$

Average Selling Price

|

Average Selling Price Total Units Sold $1,200,000

120

$1,000,000

115 110

$800,000

105 $600,000 100 $400,000

95

$200,000

90

$-

85

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}

Change

8%

10%

-

17%

-12%

2020

$1,034,173

$970,000

4.2%

115

32

2019

$957,943

$879,750

0.0%

98

37

2018

$966,024

$880,000

-59.9%

96

33

2017

$889,235

$820,000

1.5%

101

37

2016

$828,812

$800,000

-88.9%

113

42

23

/ San Marino / Pasadena Q3 Market Update

|

Average Selling Price Total Units Sold $1,800,000

45

$1,600,000

40

$1,400,000

35

$1,200,000

30

$1,000,000

25

$800,000

20

$600,000

15

$400,000

10

$200,000

5

$-

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. sothebysrealty.com

Q3

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market

{2020 v 2019}

Change

24

17%

27%

-

22%

81%

2020

$1,649,830

$1,560,000

0.9%

33

43

2019

$1,415,481

$1,225,000

0.2%

27

24

2018

$1,558,706

$1,459,170

4.9%

24

32

2017

$1,510,671

$1,486,250

3.0%

36

31

2016

$1,255,740

$1,205,250

2.8%

42

28

/ South Pasadena / Pasadena Q3 Market Update

at a glance {Q3 | 2020}

south pasadena

17

%

Change in Average Selling Price {2020-2019}

22

%

Change in Units Sold {2020-2019}

33 Units Sold

1.6m

$

Average Selling Price

PASADENA

Magnificent French Regency Last Asking $6,600,000

Extraordinary Results We celebrate the notable success of our associates and clients

PASADENA

Elegant 1906 Craftsman Last asking $4,895,000 SAN MARINO

Beautifully Remodeled Monterey Colonial Last asking $2,388,000 ARCADIA

Gorgeous Lower Rancho Home Last asking $2,138,000 ALTADENA

Storybook English Tudor Last asking $1,780,000 *in order from left to right, top to bottom

sothebysrealty.com 27

/ Significant Sales / Pasadena Q3 Market Update

PHOTO BY GIAMMARCO BOSCARO 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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