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Pasadena Luxury Real Estate – August Million Dollar Sales

Pasadena Luxury Real Estate – August Million Dollar Sales

My friend and one of the top realtors in Miami Beach luxury real estate market place, Ines Hegedus Garcia does a fabulous monthly post focusing on Million dollar luxury homes. Following in Ines’s footsteps, Pasadena Real Estate blog will be doing a monthly post featuring Pasadena luxury properties. So without further ado, here’s the August Million Dollar Sales for Pasadena.

Currently there are 94 Pasadena single family properties currently listed for $1,000,000 or above.

The highest listing is for $19,000,000 in the beautiful Oak Knoll neighborhood of Pasadena. Located at 2 Oak Knoll Terrace next to Langham Pasadena Hotel (formerly Pasadena Ritz Carlton.)

The lowest listing over $1,000,000 is listed for $1,058,000 – a 3 bedroom/3 bath home in North East Pasadena at 3145 San Pasqual. It is situated on 2.45 acres and has its own private art gallery.

There are 23 Pasadena luxury properties over $1,000,000 under contract (in escrow) now.

In August, there were 19 closed sales:

Pasadena Luxury Home Sales

 

1. 3610 Shadow Grove, Pasadena – listed for $1,099,000 and sold for $1,075,000

2. 203 Columbia Street, Pasadena – listed for $1,650,000 and sold for $1,560,000

3. 435 Woodward Blvd, Pasadena – listed for $3,600,000 and sold for $3,250,000

4. 455 South San Rafael, Pasadena – listed for $5,750,000 and sold for $5,750,000

5. 466 Fillmore Street, Pasadena – listed for $1,349,000 and sold for $1,300,000

6. 430 Laguna Road, Pasadena – listed for $2,195,000 and sold for $2,305,500

7. 715 Lakewood Place, Pasadena – listed for $1,299,000 and sold for $1,299,000

8. 717 Heatherside Road, Pasadena – listed for $1,098,000 and sold for $1,033,000

9. 736 Arden Street, Pasadena – listed for $1,100,000 and sold for $1,035,000

10. 568 Rosemont Street, Pasadena – listed for $1,999,999 and sold for $1,900,000

11. 856 Vallombrosa Drive, Pasadena – listed for $1,175,000 and sold for $1,300,000

12. 965 Arden Road, Pasadena – listed for $2,795,000 and sold for $2,600,000

13. 1064 Linda Vista, Pasadena – listed for $2,095,000 and sold for $2,020,000

14. 835 Chula Vista Avenue, Pasadena – listed for $1,350,000 and sold for $1,230,000

15. 1220 Charles Street, Pasadena – listed for $1,350,000 and sold for $1,350,000

16. 1438 Ontario Avenue, Pasadena – listed for $1,100,000 and sold for $1,050,000

17. 1525 Glen Oaks Blvde, Pasadena – listed for $3,900,000 and sold for $3,500,000

18. 1645 Homet Road, Pasadena – listed for $1,249,000 and sold for $1,205,000

19. 1419 Edgehill Place, Pasadena – listed for $1,295,000 and sold for $1,200,000

If you are interested in Pasadena luxury million dollar condos and townhomes, there are 7 current condos for sale over $1,000,000 and one townhome that sold for over $1,000,000.

2023 Rosemont #4 Pasadena

2023 Rosemont Avenue #4 in Pasadena sold this month for $1,050,000. This townhome was originally listed for sale at $1,100,000.

If you are ready to start your Pasadena luxury home search or would like to find a million dollar condo or townhome, please visit our home search page.

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Posted on September 6th, 2008
Posted in Pasadena
Posted by: Irina Netchaev

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One Sure Way to Know when Real Estate Market Hits Bottom

One Sure Way to Know when Real Estate Market Hits Bottom

In this post, Pasadena California Real Estate blog will reveal the secret and answer the question that every real estate home buyer has been asking recently.

How do I know when the Pasadena real estate market hits bottom?

 

Ladies and gentlmen, the answer is very simple:

 

There is only one way to know that the real estate market has bottomed out and that is when the real estate prices start going up!

 

Simple, isn’t it?

There’s no way, none what so ever, to time the real estate market.  Many have tried and some lucked into buying at the right time at the bottom of the market. 

Take a look at the graph below.  It shows how difficult it is to time the real estate market because it’s not consistently linear.

Timing the Real Estate Market

Gary Keller, the author of “The Shift” explains it as the real estate buyers being in the lucky or unlucky zones or purchasing a home in the “safe” zone.

Gary says “You know the market has bottomed out when it starts back up and you know the market has peaked when it starts back down.  The safe zone is where smart people plan to buy an dsell.  Anyone who buys at the top of a real estate market is just unlucky and anyone who buys at the bottom of a market is just lucky.”

Gary goes on to say that “people who buy in a buyers’ market are the smart ones.  They’re buying in the safe zone and living in the area of certainty.   They’re not unrealistic and they’re not greedy.  They know they can’t predict the end of a bust, but they can see when a market has fallen consdierably.”

So if you are interested in buying a home in Pasadena and are wondering if the Pasadena market has bottomed out, ask yourself:

 

Has the market dropped enough to make a sensible purchase?

 

To help you answer that question, track the Pasadena real estate monthly statistics report that are available on this Pasadena Real Estate Blog and sign up for Pasadena real estate market weekly statistics that I make available to you from Altos Research. I’d love to hear your thoughts on whether or not we’re close to seeing Pasadena real estate market bottom out.

Posted on September 6th, 2008
Posted by: Irina Netchaev

1 Comment »

San Marino Unified School District Named #1 in the State

San Marino Unified School District Named #1 in the State

 

Department of education california

 

For the straight five years, San Marino California has the distinction of being in the top 5 rated California school districts.  The scores are out and San Marino (SMUSD) has earned the highest Academic Performance Index (API) score in the state – 944 out of 1,000!

The API is a single number, ranging from a low of 200 to a high of 1000, that reflects a school’s performance level, based on the results of statewide testing.

3 of the 5 highest performing California School districts are in the Pasadena area – San Marino, La Canada and Arcadia. 

 

 

Here are the top California School Districts:

School District Academic Performance Index (API)
San Marino Unified School District  (Los Angeles County)    944
Piedmont Unified School District (Alameda County)  919
La Canada Unified School District (Los Angeles County)  917
Manhattan Beach Unified School District (Los Angeles County)  909
 San Ramon Unified School District (Contra Costa County), Arcadia Unified School District (Los Angeles County), and Palos Verdes Unified School District (Los Angeles County)  904

 

Congratulations are in order to the students, teachers, administration and parents! 

San Marino real estate and home values have always been driven by the success of its schools.  Many potential San Marino home buyers are looking  to buy in San Marino after doing an analysis of private school tuitions and investment in a San Marino homes.

With San Marino home prices holding steady, it’s clear to see that schools are still the driving factor for many relocating families.  

If you are interested in moving to San Marino, click here to see all available homes for sale in San Marino.

Read More:  San Marino, California

                San Marino Real Estate Deals – my monthly Dusty Deals report!


Here are the actual API scores as posted on September 4, 2008:

 

District                            ’08   ’07    Growth
SAN MARINO UNIFIED 944 938 D 6        
 
Elementary Schools
  Carver Elementary 963 966 A -3        
 
  Valentine Elementary 947 941 A 6        
 
Middle Schools
  Huntington Middle 961 956 A 5        
 
High Schools
  San Marino High 921 911 A 10        
 
 

 

For a complete list of School Districts in Los Angeles County and their API scores, click here.

Posted on September 4th, 2008
Posted in San Marino
Posted by: Irina Netchaev

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What Can You Expect from a Great Pasadena Real Estate Agent?

What Can You Expect from a Great Pasadena Real Estate Agent?

I was reading a post earlier today by Jennifer Allan about the definition of a good real estate agent. Jennifer is an author of five books about the business of selling real estate. She is a real estate coach and contributes regular articles on real estate related subjects to many different on-line venues.

I run into many different real estate agents on a daily basis. Some Pasadena real estate agents have tons of experience and others are just starting out. The prevalant change in the Pasadena real estate community is the change from being egocentric to customer focused.

To this day, many real estate agents flaunt their “multi-million” dollar status, being a top producer, being in the top % of their real estate company, etc. Not too many Pasadena real estate agents talk about how they can help their real estate consumer, what a real estate agent does for his or her customer to ensure that they’re delighted with their service, etc.

Receiving and reviewing real estate purchase offer contracts, it is clear that the training for the majority of real estate professionals is not stellar. If you are or were a real estate seller, all you have to do is look at the real estate purchase counter offer to see how many items a great real estate agent would need to address or “clean up” prior to acceptance – and I’m not talking strictly about the price.

So… forgive me for going on about this, but it’s a sensitive subject that is near and dear to my heart. One Pasadena real estate agent can create an impression on countless potential real estate consumers. As they say, perception is reality!

[youtube]http://www.youtube.com/watch?v=HANTJ1JlNbc[/youtube]

Here’s a list that Jennifer put together when she was asked about “what makes a good real estate agent”.

A Pasadena Real Estate Agent should:

  • “You know your market, your systems and your contracts.
  • You are a good negotiator.
  • You put your clients’ needs above your need for a paycheck.
  • You know how to properly price a home.
  • You know what your seller needs to do to get his home ready for market.
  • You know how to build rapport with your seller so that he trusts you.
  • You know how to take decent photos.
  • You know how to write an appealing MLS description.
  • You return phone calls promptly.
  • You preview listings so you don’t waste your buyer’s time.
  • You know how much it costs to replace a 50 year old furnace.
  • You have a handyman, a cleaning service and a good HVAC contractor.
  • You’re pleasant to other agents so they’re happy to show your listings or accept your offers.
  • You keep your brochure boxes full.
  • Your lockboxes work…”
  •  

    My additions to her list:

     

    A great real estate agent writes clean contracts.

    A great real estate agent strategizes with their client on how to make their offer stand out – price AND terms.

    A great real estate agent takes educational classes and strives to continually learn as the industry is changing.

    A great real estate agent networks with other real estate agents locally and throughout the country to share best practices.

    A great real estate agent should respond to emails immediately.

    A great real estate agent should know how to market a home they’re selling on the web

    A great real estate agent should be in touch with the changing real estate marketing techniques… Old school is good, but not enough… need to incorporate new and exciting techniques in helping buyers and sellers with their real estate needs.

    A great real estate agent creates dynamic on-line presentations to market homes.

    A great real estate agent is not afraid to say “I don’t know”, but I will research and get back to you.

    A great real estate agent is honest and ethical!

     

    There’s a lot more that I can add to this, but you get my point, right?

    Old school where it’s all about me is OUT! New school – all about the real estate consumer is in.

    Is your Pasadena real estate agent, a great real estate agent?

    Posted on September 3rd, 2008
    Posted by: Irina Netchaev

    1 Comment »

    Pasadena Schools: Back to school time – Find the school that is right for you.

    Pasadena Schools: Back to school time – Find the school that is right for you.

    back to school time

    Another school year is getting ready to start this Thursday, September 4, 2008 in Pasadena, but being the local Pasadena real estate resource, we’ve been getting a lot of emails about available public schools in Pasadena.

    Here’s a comprehensive list of all PUSD (Pasadena Unified School District) schools and their contact information.  PUSD also encompasses Altadena.

    Pasadena school boundary maps are available at www.pusd.us/oe with a convenient neighborhood school locator available which allows you to key in your Pasadena, Sierra Madre or Altadena address to find your elementary, middle or high school.

    The schools below have all participated in the California Standard Tests which are designed to assess student achievement in grades 2 through 11 in a variety of different subject matters including English Language Arts and Math. 

    When selecting a Pasadena school, many parents look at the Academic Performance Indesx or API.  It is the cornerstone of the California state accountability  system which measures each individual school’s imporvement.

    The top API rated Pasadena Elementary Schools for 2006-2007 are:

      API Score Change in API
    Don Benito Elementary School 841 +5
    Willard Elementary School 841 -9
    Sierra Madre Elementary School 834 +48

     

     

    Pasadena Unified School District

    351 S. Hudson Avenue

    Pasadena, CA  91109

           626-795-6981       

    Pasadena Unified School District Elementary Schools

    Altadena Elementary School

    743 E. Calaveras Street

    Altadena, CA  91001

           626-798-7878       

    Principal: Gregory White

    Number of Students:  375

    Burbank Elementary School

    2046 N. Allen Avenue

    Altadena, CA  91001

           626-798-6769       

    Principal:  Kelly Lawson

    Number of Students:  385

    Cleveland Elementary School

    524 Palisade Street

    Pasadena, CA  91003

           626-794-7169       

    Principal:  Dr. Francine Williams

    Number of Students:  388

    Don Benito Fundamental School

    3700 Denair Street

    Pasadena, CA  91107

    Principal:Victoria E. Rueda

    Number of Students:  812

    Field Elementary School

    3600 E. Sierra Madre Blvd.

    Pasadena, CA  91107

           626-351-8812       

    Principal:  Ana Maria Apodaca

    Number of Students:  356

    Franklin Elementary School

    527 W. Ventura Street

    Altadena, CA  91001

           626-798-9116       

    Principal:  Caroline E. Bermudez

    Number of Students:  408

    Hamilton Elementary School

    2089 Rose Villa Street

    Pasadena, CA  91007

           626-793-0678       

    Principal:  Sarah Rudchenko

    Number of Students:  514

    Jackson Elementary School

    593 W. Woodbury Road

    Altadena, CA  91001

           626-798-6773       

    Principal:  Rose Ingber

    Number of Students:  441

     Jefferson Elementary School

    1500 E. Villa Street

    Pasadena, CA  91106

           626-793-0656       

    Principal:  Jill L. Girod

    Number of Students:  639

    Loma Alta Elementary School

    3544 N. Canon Blvd.

    Altadena, CA  91001

           626-797-1173       

    Number of Students:  317

    Longfellow Elementary School

    1065 E. Washington Blvd.

    Pasadena, CA  91104

           626-794-1134       

    Number of Students: 587

    Madison Elementary School

    515 Ashtabula Street

    Pasadena, CA  91104

           626-793-1181       

    Principal:  Sandra M. Macis

    Number of Students: 592

    McKinley K-8 School

    325 South Oak Knoll Avenue

    Pasadena, CA  91101

           626-844-7880       

    Principal:  Marisa Sarian

    Number of Students:  1077

    Norma Coombs alternative K-8 School

    2600 Paloma Street

    Pasadena, CA  91107

           626-798-0759       

    Principal:  Vanessa Watkins

    Total Students: 576

    Roosevelt School

    315 North Pasadena Avenue

    Pasadena, CA  91103

          626-795-9501      

    Principal:  Dr. Kathee Hennigan Bautista

    Total Students:  310

    San Rafael Elementary School

    1090 Nithsdale Road

    Pasdena, CA  91103

          626-793-4189      

    Principal:  Alyson Beecher

    Number of Students:  355

    Sierra Madre K-8 School

    Lower Grade Campus (PreK – 5)

    141 West Highland Avenue

    Sierra Madra, CA  91024

          626-355-1428      

    Upper Grade Campus (6,7,8)

    160 N. Canon

    Sierra Madre, CA  91024

    Principal:  Gayle Bluemel

    Number of Students:  943

    Washington Accelerated Elementary School

    1520 North Raymond Avenue

    Pasadena, CA  91103

          626-791-4573      

    Principal:  Karrone M. Meeks-Clark

    Number of Students:  778

     

          626-836-2947      

    Principal:  Gayle Bluemel

    Number of Students: 943

    Webster K-8 School

    2101 E. Washington Blvd.

    Pasadena, CA  91104

          626-798-7866      

    Principal:  Sharon J. Lefler

    Number of Students:  575 

    Willard Elementary School

    301 S. Madre Street

    Pasadena, CA  91107

          626-793-6163      

    Principal:  Dr. Kathy J. Onoye

    Number of Students:  625

    Pasadena Unified School District Middle Schools

    Eliot Middle School

    2184 N. Lake Avenue

    Altadena, CA  91001

          626-794-7121      

    Principal:  Peter Pannell

    Number of Students:  651

    Washington Middle School

    1505 N. Marengo Avenue

    Pasadena, CA  91103

          626-798-6708      

    Principal:  Alejandor Ruvalcaba

    Number of Students:  550

    Wilson International Baccalaureate Middle School

    300 South Madre Avenue

    Pasadena, CA  91106

          626-449-7390      

    Principal:  Ruth Esseln

    Number of Students: 713

    Other Middle School Programs:

    Blair International Baccalaureate Magnet School (7 – 12)

    Marshall Fundamental Secondary School (6 – 12)

    McKinley K-8 School (K – 8)

    Norma Coombs Alternative School (K – 8)

    Sierra Madre School Upper Campus (6 – 8)

    Webster K – 8  School

    Pasadena Unified School District High Schools

    Blair International Baccalaureate Magnet School

    www.blairibmagnet.org

    1201 S Marengo Avenue

    Pasadena, CA  91106

          626-441-2201      

    Principal:  Rich Boccia

    Number of Students:  1205

    John Marshall Fundamental Secondary School

    www.marshallfundamental.org

    990 N. Allen Avenue

    Pasadena, CA  91104

          626-798-0713      

    Principal:  Steven R. Miller

    Number of Students: 1759

    John Muir High School

    www.johnmuirhs.org

    1905 N. Lincoln Avenue

    Pasadena, CA  91103

         626-798-7881     

    Principal:  Sheryl Orange

    Number of Students:  1306

    Pasadena High School

    www.pasadenahigh.org

    2925 E. Sierra Madre Blvd.

    Pasadena, CA  91107

         626-798-8901     

    Principal:  Dr. Derick Evans

    Number of Students: 2307

    Please visit my Pasadena Resource Guide for restaurants, museums and additional Pasadena city information.

    Update:  September 4, 2008 Academic Performance Index (API) Scores have been posted for Pasadena Unfified School District.  The API is a single number, ranging from a low of 200 to a high of 1000, that reflects a school’s performance level, based on the results of statewide testing.

     

    District                                           API

    ’08

    API

    ’07

    T

     

    Growth        
    PASADENA UNIFIED 720 707 D 13        
     
    Elementary Schools
      Altadena Elementary 717 668 7 49        
     
      Aveson School of Leaders 871 B B B        
     
      Burbank Elementary 739 783 5 -44        
     
      Cleveland Elementary 758 756 5 2        
     
      Daniel Webster 749 777 5 -28        
     
      Don Benito Fundamental 840 846 A -6        
     
      Field (Eugene) Elementary 782 776 5 6        
     
      Franklin Elementary 806 760 5 46        
     
      Hamilton Elementary 842 829 A 13        
     
      Jackson Elementary 718 719 5 -1        
     
      Jefferson Elementary 725 709 5 16        
     
      Loma Alta Elementary 736 724 5 12        
     
      Longfellow (Henry W.) Elementary 780 775 5 5        
     
      Madison Elementary 709 726 5 -17        
     
      McKinley 783 788 5 -5        
     
      Norma Coombs Alternative 812 820 A -8        
     
      Roosevelt Elementary 763 747 5 16        
     
      San Rafael Elementary 702 706 5 -4        
     
      Sierra Madre Elementary 870 840 A 30        
     
      Washington Accelerated Elementary 779 741 5 38        
     
      Willard Elementary 842 836 A 6        
     
    Middle Schools
      Aveson Global Leadership Academy 788 B B B        
     
      Charles W. Eliot Middle 614 630 9 -16        
     
      Washington Middle 599 630 9 -31        
     
      Woodrow Wilson Middle 683 673 6 10        
     
    High Schools
      Blair High 650 640 8 10        
     
      John Muir High 601 569 12 32        
     
      Marshall Fundamental 731 723 5 8        
     
      Pasadena High 713 704 5 9        

    Information gathered from PUSD School Guide Open Enrollment Brochure and Application for 2008-2009 school year.

    Posted on September 1st, 2008
    Posted in Pasadena
    Posted by: Irina Netchaev

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