Pasadena CA - South Orange Grove Condo and Townhome Market Update

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Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://actvra.in/FRY

Pasadena CA - South Orange Grove Condo and Townhome Market Update

Tournament House -- South Orange Grove Boulevard Real Estate


 

This market update is for the South Orange Grove Boulevard corridor condominium and townhome in Pasadena for the month and year-to-date period ending July 31, 2012.   This update covers the area that is also known as Millionaires Row for Orange Grove and the adjacent streets.  Known as the premier location for upscale condos and townhomes in Pasadena and the San Gabriel Valley, residents enjoy easy access to multiple freeways as well as a multitude of shopping, dining, entertainment and cultural venues.   Additionally, South Orange Grove Boulevard is the start of the annual New Year’s party event known as the Rose Parade which winds its way down Colorado Boulevard and is seen on television throughout the world and by hundreds of thousands on the streets of Pasadena.  


South Orange Grove condos and townhomes


 

Currently there are twelve properties on the market for sale in the condo and townhome category along the South Orange Grove corridor.   They range in price from $610,000 to $1,099,000.  Seven properties are in escrow.   There is also one property - a rare bank owned condo that does not show in our local multiple listing that was due to be auctioned last month.   

Millionaires Row in Pasadena


 

There were three sales in July 2012 according to our local multiple listing service records.   One was a Cravens Court townhouse style condo that sold for $580,000.   There was an also an approximately 2610 square feet multi-level condo at Arroyo del Vista that sold for $830,000.  The third sale was a two bedroom, den condo at 251 South Orange Grove that sold before actually coming on the market for full exposure.  It closed for $1,050,000.   In July 2011, there were five sales ranging in price from $510,000 to $691,400 with an average sales price of $624,080(median sales price $645,000).

For the seven months ending July 2012, there have been 35 sales along South Orange Grove corridor versus 25 in the same period of 2011.  Sales during 2012 ranged from $353,000 to $1,200,000 with an average sales price of $654,590(median sales price $610,000).   In 2011 the sales ranged from $369,000 to $1,200,000 with an average of $641,996(median $625,000).

Inventory of homes on the market for sale and available remains low and homeowners who may be thinking of selling may have a unique opportunity to take advantage of high buyer demand in the area.   If you are considering selling or buying in the South Orange Grove corridor or anywhere in the Pasadena or San Gabriel Valley, I welcome your call.  I can be reached at 818.516.4393 cell or by email at michaeljacobs@coldwellbanker.com.


South Orange Grove condos and townhomes in Pasadena - Realtor Michael Jacobs 818.516.4393 cell

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California Los Angeles County Pasadena South Arroyo/south Orange Grove Corridor
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Condos, What you need to know?
City & State: Listings and Market Reports
The Ninety-ninth Percentile
HyperLocal Neighborhood and Community Posts
Market Updates
Tags:
tournament rose
millionaires row condos
pasadena townhomes
pasadena condos
south orange grove

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Rainmaker
517,441
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

I have always loved the grandness of Pasadena.  I so hope it's coming back with all of it's spendor.

Aug 04, 2012 10:37 AM #1
Rainmaker
1,072,380
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Hello Chris and Dick -- Pasadena has some exceptional architecture and many tree-lined streets that makes it a very attractive destination to visit and to live.   The current real estate market is very active with a strong demand by buyers and relatively low inventory.  Since the city is pretty much built-out, there is very little new construction at the residential level on a large scale.  Thanks for stopping by and commenting.

Aug 04, 2012 10:45 AM #2
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Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Your Guide to Joyful Colorado Living!

Hi Michael,  What a beautiful place this is.  Everything is manicured so nicely and the building seem to be exceptionally well cared for.  Great market report.

Aug 04, 2012 11:04 AM #3
Rainmaker
534,458
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

So many excellent complexes to choose from in the pasadena ca south orange grove condo and tonwhome for sale market.

Aug 04, 2012 11:59 AM #4
Rainmaker
1,072,380
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Hi Belinda -- The top photo is of Tournament House -- the home of Rose Parade and former home(mansion) of the Wrigley family.   

Hi Morgan -- from condos to townhomes there is a variety of different styles and sizes along the South Orange Grove Boulevard corridor.   Many of the complexes offer large lawn and garden areas further enhancing the appeal of the area.   

Aug 04, 2012 12:10 PM #5
Rainmaker
662,652
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

You have great pictures, the Pasadena California condos for sale market looks like your area of expertise.

Aug 04, 2012 12:10 PM #6
Rainmaker
699,703
Pamela Seley, REALTOR®
REALTY EXECUTIVES OTF - Temecula, CA
Seals the Deals in Temecula Valley California

Michael, I really enjoyed reading your market report today. Nicely done, and looks like South Orange Grove Condos are a desirable place to live. Have a great week,

Aug 04, 2012 12:42 PM #7
Rainmaker
669,848
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Michael - You have to love a market report that starts off with Millionaires Row!  Loved the photos!

Aug 04, 2012 12:47 PM #8
Rainmaker
1,072,380
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Eileen -- South Orange Grove is just one of the many great areas I have the opportunity to serve.  Thanks for stopping by and commenting.

Pamela -- many consider it to the ultimate in luxury living in the San Gabriel Valley.  Hope you have a great week ahead as well.  Enjoy the weekend.

Laura -- at the turn of the 20th century, South Orange Grove Boulevard was home to many mansions(many of the owners came from the Midwest and East to escape the weather) -- most are now gone but the name Millionaires Row has remained.   Thanks very much.  Glad you liked the photographs.  

 

Aug 04, 2012 01:45 PM #9
Rainer
180,033
Tatyana Makarov
Coldwell Banker Residential Brokerage - South Windsor, CT
Your Greater Hartford Area Realtor

Hello Michael,

We lived in Pasadena ten years ago, and know exactly what condos you are talking about. This is a beautiful place to live. I wish you best luck finding new buyers!

Aug 04, 2012 03:31 PM #10
Rainmaker
1,072,380
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Hi Tatyana -- I hope you are enjoying the Connecticut and the East Coast.  Thanks so much for stopping by and commenting.   Have a great weekend.

Aug 04, 2012 04:35 PM #11
Rainmaker
894,862
Michael Setunsky
Michael's Commercial LLC - Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Michael, South Orange Grove sounds like an inviting community. Nice market report!

Aug 05, 2012 06:16 AM #12
Rainmaker
1,072,380
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Michael -- you are absolutely right -- the condos and townhomes along South Orange Grove have a great location combined with many large properties that make them a viable option for many.   Thanks for stopping by and commenting today.

Aug 05, 2012 09:11 AM #13
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Erica Ramus
Erica Ramus - Ramus Realty Group - Pottsville, PA - Pottsville, PA
MRE, Schuylkill County PA Real Estate

Good market update and localism info. I need to get my butt in gear and start doing more of these.

Aug 05, 2012 11:51 AM #14
Rainmaker
326,013
Wandanna Melliphant
Mississauga, ON
A Name Real Estate Investors Trust and Recommend

Hi Michael,

Congrats on the feature.

Pasadena’s residence has a lot of options to choose from, hence consulting with a local expert like yourself is the way to go to save time and frustration from looking at the wrong condo or townhouse.

All the best for the rest of 2012!

 

Aug 05, 2012 09:03 PM #15
Rainmaker
1,072,380
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
PasadenaCA Real Estate Representation 818.516.4393

Erica -- thanks very much for stopping by and commenting.  

Wandanna -- while inventory is low, informing buyers of changes in the market whether that be new listings, a property that comes back on the market or a price reduction is just a part of what we do for our clients.  Thank you for the kind comments and best of continued success to you as well.   

Aug 06, 2012 09:34 AM #16
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Rainmaker
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Michael Jacobs

PasadenaCA Real Estate Representation 818.516.4393
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