Pasadena Market Update | Q4 2017

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.

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