Q2 2019 | Pasadena Market Update

Q2 | 2019

Pasadena

Market Update

LEGACY MEDITERRANEAN HOME & VINEYARD

Last Asking $6,885,000 220northsanrafael.com

GARRETT VAN PELT, JR. DESIGNED ESTATE | PASADENA

Offered at $4,500,000 734fairfieldcircle.com

Featured Properties We invite you to explore our exclusive offerings at S OT H E BYS H OM E S.C OM/PASADENA

PASADENA

Offered at $2,750,000 657lindavista.com PASADENA

Offered at $1,999,000 501glenct.com ARCADIA

Offered at $2,218,000 501campesinaroad.com PASADENA

Offered at $1,500,000 1650mountainpasadena.com *in order from left to right, top to bottom

sothebyshomes.com/pasadena

3

/ Featured Properties / Pasadena Q2 Market Update

Market Snapshot All Pasadena | Q2 2019

$1,450,000

1200

$1,400,000

$5M and Up $3M -$5M

1000

$1,350,000

Below $1M

800

$1,300,000 $1,250,000

600

$1,200,000

400

$1,150,000

$1M-$3M

200

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

0

2015 2016 2017 2018 2019

Total Volume

by Price Point 23 % 61% 7% 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, Arcadia, Sierra Madre, Glendale, San Gabriel 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 Glendale La CaĂąada Flintridge Pasadena San Gabriel 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 Glendale La Canada Pasadena San Flintridge Gabriel

San Marino

Sierra Madre

South Pasadena

Average Selling Price

Altadena

Pasadena

Arcadia

San Gabriel

Glendale

San Marino

La CaĂąada Flintridge

Sierra Madre

5

South Pasadena

/ Market Snapshot / Pasadena Q2 Market Update

at a glance {Q2 | 2019}

altadena

+5

%

Change in Average Selling Price {2019 v 2018}

-16

%

Change in Units Sold {2019 v 2018}

100 Units Sold

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

2015

2016

2017

2018

2019

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. sothebyshomes.com/pasadena

Average Median Discount Total Selling Price Selling Price Ratio Units

Average Days on Market

5%

3%

-

-16%

26%

2019

$1,031,763

$847,000

0.0%

100

41

2018

$983,694

$825,000

1.1%

119

33

2017

$946,300

$821,200

1.5%

101

37

2016

$814,457

$720,000

-4.8%

117

39

2015

$753,054

$652,250

1.3%

126

45

Q2 {2019 v 2018}

Change

7

/ Altadena / Pasadena Q2 Market Update

|

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

160

$1,800,000

140

$1,600,000

120

$1,400,000 $1,200,000

100

$1,000,000

80

$800,000

60

$600,000

40

$400,000

20

$200,000 $-

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

Q2

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

{2019 v 2018}

Change

-9%

1%

-

-19%

24%

2019

$1,558,072

$1,312,650

-8.1%

98

62

2018

$1,721,502

$1,300,000

-5.3%

121

50

2017

$1,366,214

$1,150,000

-4.5%

122

40

2016

$1,492,709

$1,130,000

-6.5%

127

43

2015

$1,734,216

$1,275,000

-6.8%

137

53

Pasadena Q2 Market Update / Arcadia / 8

at a glance {Q2 | 2019}

arcadia

-9

%

Change in Average Selling Price {2019 v 2018}

-19

%

Change in Units Sold {2019 v 2018}

98 Units Sold

1.6m

$

Average Selling Price

at a glance {Q2 | 2019}

GLENDALE

-8

%

Change in Average Selling Price {2019 v 2018}

-15

%

Change in Units Sold {2019 v 2018}

138 Units Sold

1.1m

$

Average Selling Price

|

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

165

$1,200,000

160 155

$1,000,000

150

$800,000

145 $600,000

140

$400,000

135

$200,000

130

$-

125

2015

2016

2017

2018

2019

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. sothebyshomes.com/pasadena

Average Median Discount Total Selling Price Selling Price Ratio Units

Average Days on Market

-8%

-3%

-

-15%

-7%

2019

$1,074,234

$1,029,500

-0.2%

138

34

2018

$1,161,465

$1,059,275

0.0%

163

37

2017

$1,036,761

$970,063

0.7%

144

41

2016

$944,472

$843,000

-0.6%

149

41

2015

$891,793

$825,000

-1.8%

163

51

Q2 {2019 v 2018}

Change

11

/ Glendale / Pasadena Q2 Market Update

|

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

100 90 80

$2,000,000

70 $1,500,000

60 50

$1,000,000

40 30

$500,000

20 10

$-

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

Average Median Discount Total Selling Price Selling Price Ratio Units

Average Days on Market

-8%

-2%

-

-8%

11%

2019

$2,112,037

$1,905,000

-4.6%

72

52

2018

$2,297,924

$1,937,500

-2.1%

78

47

2017

$2,154,776

$1,857,500

-3.2%

70

47

2016

$1,786,325

$1,630,000

-0.1%

73

43

2015

$1,823,639

$1,575,000

0.2%

89

34

Q2 {2019 v 2018}

Change

Pasadena Q2 Market Update / La Canada Flintridge / 12

at a glance {Q2 | 2019}

la caĂąada flintridge

-8

%

Change in Average Selling Price {2019 v 2018}

-8

%

Change in Units Sold {2019 v 2018}

72 Units Sold

2.1m

$

Average Selling Price

at a glance {Q2 | 2019}

PASADENA

+8

%

Change in Average Selling Price {2019 v 2018}

-7

%

Change in Units Sold {2019 v 2018}

230 Units Sold

1.4m

$

Average Selling Price

|

Average Selling Price Total Units Sold $1,600,000

350

$1,400,000

300

$1,200,000

250

$1,000,000

200

$800,000 150

$600,000

100

$400,000

50

$200,000 $-

0

2015

2016

2017

2018

2019

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

Q2

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

{2019 v 2018}

Change

8%

2%

-

-7%

18%

2019

$1,392,729

$1,046,625

0.1%

230

42

2018

$1,290,800

$1,027,500

1.2%

248

36

2017

$1,223,103

$947,500

-0.6%

271

42

2016

$1,112,449

$879,500

-2.8%

246

45

2015

$1,046,389

$802,500

-3.1%

286

44

15

/ Pasadena / Pasadena Q2 Market Update

|

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

74

$900,000

72

$800,000

70

$700,000

68

$600,000

66

$500,000

64

$400,000

62

$300,000 $200,000

60

$100,000

58

$-

56

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

Q2

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

{2019 v 2018}

Change

9%

14%

-

-2%

54%

2019

$944,282

$862,500

-2.0%

62

45

2018

$869,582

$755,000

0.0%

63

29

2017

$797,135

$750,000

1.4%

73

34

2016

$746,524

$685,000

-1.1%

70

53

2015

$765,448

$728,000

-2.0%

63

32

Pasadena Q2 Market Update / San Gabriel / 16

at a glance {Q2 | 2019}

SAN GABRIEL

+9

%

Change in Average Selling Price {2019 v 2018}

-2

%

Change in Units Sold {2019 v 2018}

62 Units Sold

900k

$

Average Selling Price

at a glance {Q2 | 2019}

san marino

+7

%

Change in Average Selling Price {2019 v 2018}

42

%

Change in Units Sold {2019 v 2018}

34 Units Sold

3.1m

$

Average Selling Price

|

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

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

Q2

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

{2019 v 2018}

Change

7%

25%

-

42%

10%

2019

$3,131,447

$2,567,500

-4.5%

34

49

2018

$2,929,116

$2,057,500

1.7%

24

44

2017

$2,406,628

$2,050,000

-0.2%

31

43

2016

$3,244,044

$2,522,000

0.1%

46

55

2015

$2,740,444

$2,500,000

0.8%

36

42

19

/ San Marino / Pasadena Q2 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

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

Q2

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

{2019 v 2018}

Change

0%

-11%

-

-36%

130%

2019

$1,175,904

$980,000

-5.4%

23

60

2018

$1,180,611

$1,097,500

-0.2%

36

26

2017

$1,057,145

$1,050,000

-1.7%

31

44

2016

$904,296

$903,000

-2.1%

34

33

2015

$1,015,105

$938,000

-3.4%

39

45

Pasadena Q2 Market Update / Sierra Madre / 20

at a glance {Q2 | 2019}

sierra madre

0

%

Change in Average Selling Price {2019 v 2018}

-36

%

Change in Units Sold {2019 v 2018}

23 Units Sold

1.2m

$

Average Selling Price

at a glance {Q2 | 2019}

south pasadena

+2

%

Change in Average Selling Price {2019 v 2018}

-9

%

Change in Units Sold {2019 v 2018}

31 Units Sold

1.7m

$

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

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

Q2

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

{2019 v 2018}

Change

2%

25%

-

-9%

-2%

2019

$1,675,744

$1,678,000

1.5%

31

32

2018

$1,639,794

$1,342,500

1.5%

34

33

2017

$1,374,497

$1,310,000

3.4%

43

34

2016

$1,577,911

$1,400,000

3.1%

35

43

2015

$1,313,938

$1,290,000

2.0%

35

48

23

/ South Pasadena / Pasadena Q2 Market Update

PASADENA

Magical Mid-Century Modern Oasis Last asking $1,595,000

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

PASADENA

1895 Craftsman Farmhouse Last asking $2,800,000 PASADENA

Arroyo Seco Craftsman Masterpiece Last asking $2,595,000 EAGLE ROCK

Architectural Mills Act Home Last asking $1,450,000 SOUTH PASADENA

Mid-Century Modern with Views Last asking $1,478,000 *in order from left to right, top to bottom

sothebyshomes.com/pasadena 25

/ Significant Sales / Pasadena Q2 Market Update

PHOTO BY PAUL VAN COTTHEM 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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