Pasadena Market Update | Q2 2017

Q2 | 2017

Pasadena

Market Update

THE HISTORIC JOHN S. CRAVENS ESTATE

sothebyshomes.com/0027629 Offered at $10,500,000

Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/PASADE NA

SAN MARINO

Stately Colonial-Style Home | Offered at $2,328,000 sothebyshomes.com/0278283

PASADENA

Offered at $7,900,000 sothebyshomes.com/0278310 BRADBURY

Offered at $2,999,888 sothebyshomes.com/0278193 SIERRA MADRE

Offered at $2,250,000 sothebyshomes.com/0278249 PASADENA

Offered at $1,098,000 sothebyshomes.com/0278299 *in order from left to right, top to bottom

sothebyshomes.com/pasadena

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/ Featured Properties / Pasadena Q2 Market Update

Market Snapshot All Pasadena | Q2 2017

$1,400,000 $3M -$5M

900

$1,200,000

$5M and Up

850 Below $1M

$1,000,000 800

$800,000 $600,000

750

$400,000 $1M-$3M

700 $200,000 $-

650

2013 2014 2015 2016 2017

Total Volume

by Price Point 24 % 63 % 3% 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, 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 Pasadena San Marino South Pasadena Altadena Sierra Madre La Canada Flintridge

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

Average Selling Price

Pasadena

San Marino

South Pasadena

Altadena

Sierra Madre

5

La Canada Flintridge

Sierra Madre

Altadena

South Pasadena

San Marino

Pasadena

$-

La CaĂąada Flintridge

/ Market Snapshot / Pasadena Q2 Market Update

at a glance {Q2 | 2017}

pasadena

+10

%

Change in Average Selling Price {2017 v 2016}

+11

%

Change in Units Sold {2017 v 2016}

272 Units Sold

1.2m

$

Average Selling Price

|

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

350

$1,200,000

300

$1,000,000

250

$800,000

200

$600,000

150

$400,000

100

$200,000

50

$-

0

2013

2014

2015

2016

2017

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

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}

Change

10%

8%

-

11%

-7%

2017

$1,226,879

$948,750

-1%

272

42

2016

$1,112,449

$879,500

-3%

246

45

2015

$1,046,389

$802,500

-1%

286

44

2014

$1,054,164

$803,000

-3%

234

42

2013

$893,449

$700,000

1%

303

42

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/ Pasadena / Pasadena Q2 Market Update

|

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

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

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}

Change

-26%

-19%

-

-33%

-21%

2017

$2,406,628

$2,050,000

0%

31

43

2016

$3,244,044

$2,522,000

0%

46

55

2015

$2,740,444

$2,500,000

1%

36

42

2014

$2,174,730

$2,084,000

8%

36

24

2013

$2,355,744

$1,925,000

4%

44

31

Pasadena Q2 Market Update / San Marino / 8

at a glance {Q2 | 2017}

san marino

-26

%

Change in Average Selling Price {2017 v 2016}

-33

%

Change in Units Sold {2017 v 2016}

31 Units Sold

2.4m

$

Average Selling Price

at a glance {Q2 | 2017}

south pasadena

-13

%

Change in Average Selling Price {2017 v 2016}

+23

%

Change in Units Sold {2017 v 2016}

43 Units Sold

1.4m

$

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

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

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}

Change

-13%

-6%

-

23%

-21%

2017

$1,374,497

$1,310,000

3%

43

34

2016

$1,577,911

$1,400,000

3%

35

43

2015

$1,313,938

$1,290,000

2%

35

48

2014

$1,243,594

$1,181,750

4%

30

30

2013

$1,156,241

$975,000

2%

41

41

11

/ South Pasadena / Pasadena Q2 Market Update

|

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

140

$900,000

120

$800,000

100

$700,000 $600,000

80

$500,000 60

$400,000 $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

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}

Change

16%

14%

-

-15%

-7%

2017

$945,279

$818,100

2%

100

36

2016

$814,457

$720,000

-5%

117

39

2015

$753,054

$652,250

1%

126

45

2014

$726,693

$639,500

2%

108

41

2013

$653,879

$587,500

1%

116

49

Pasadena Q2 Market Update / Altadena / 12

at a glance {Q2 | 2017}

altadena

+16

%

Change in Average Selling Price {2017 v 2016}

-15

%

Change in Units Sold {2017 v 2016}

100 Units Sold

900k

$

Average Selling Price

at a glance {Q2 | 2017}

sierra madre

+17

%

Change in Average Selling Price {2017 v 2016}

-9

%

Change in Units Sold {2017 v 2016}

31 Units Sold

1.1m

$

Average Selling Price

|

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

45 40

$1,000,000

35

$800,000

30 25

$600,000

20

$400,000

15 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

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}

Change

17%

16%

-

-9%

31%

2017

$1,054,952

$1,050,000

-2%

31

44

2016

$904,296

$903,000

-2%

34

33

2015

$1,015,105

$938,000

-3%

39

45

2014

$875,404

$802,000

-4%

27

38

2013

$940,376

$855,000

1%

30

43

15

/ Sierra Madre / Pasadena Q2 Market Update

|

Average Selling Price Total Units Sold $2,500,000

100 90

$2,000,000

80 70

$1,500,000

60 50

$1,000,000

40 30

$500,000

20 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

Average Median Discount Total Average Days Selling Price Selling Price Ratio Units Sold on Market {2017 v 2016}

Change

20%

13%

-

-5%

9%

2017

$2,139,627

$1,840,000

-3%

69

47

2016

$1,786,325

$1,630,000

0%

73

43

2015

$1,823,639

$1,575,000

-0%

89

34

2014

$1,462,530

$1,299,000

0%

67

47

2013

$1,488,966

$1,305,000

-2%

73

45

Pasadena Q2 Market Update / La Cañada Flintridge / 16

at a glance {Q2 | 2017}

la caĂąada flintridge

20

%

Change in Average Selling Price {2017 v 2016}

-5

%

Change in Units Sold {2017 v 2016}

69 Units Sold

2.1m

$

Average Selling Price

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

SAN MARINO

San Marino Perfection of Design Last asking $5,680,000

LA CAÑADA FLINTRIDGE

Architectural Italian Palazzo Compound Last asking $4,995,000 PASADENA

Pasadena Hillside Luxury Last asking $2,850,000 PASADENA

Prospect Park French Normandy Revival Last asking $2,349,000 ALTADENA

1922 Prairie Estate Last asking $2,150,000 *in order from left to right, top to bottom

sothebyshomes.com/pasadena 19

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MASTERPIECES IN THE MAKING

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