Real Estate Market Update for Pasadena, CA
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 17% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 670-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 18%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 540-thousand dollars. The number of units sold increased 23% year-over-year, and increased 2% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Pasadena, CA
Area Information for Pasadena, CA
  • Population: 138,432
  • Median Age: 36.69 yr
  • Median Commute Time: 20.92 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 6,027/sq mi
  • Population Change Since 2000: 3.43%
  • Closest Airport: Bob Hope
  • Closest College: Pacific Oaks College
  • Closest Jr. College: Pasadena City College
  • Median Household Income: $66,450
  • Annual Residential Turnover: 20.04%
  • Median Years in Residence: 2.85 yr
  • Median Home Sales Price: $485,000
  • Closest Major Sports Team: Dodgers
  • Change Avg. Household Income Since 2000: 44%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Pasadena, CA
Median Age: 36.69 Married: 28% Number of Households: 55,823 Households with Children: 14,895
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Pasadena, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. Philip The Apostle School 0.3 mi Catholic K-8 0 5
      Grace Christian Academy 0.3 mi Private K-8 0 4
      Lycee International De Los Angeles 0.5 mi Private PRESCHOOL-5 0 4
      Lycee International De Los Angeles School 0.5 mi Private PRESCHOOL-5 0 3
      Mckinley School 0.6 mi Public K-8 2-5 4
      Rose City High (continuation) School 0.6 mi Public 9-12 1 3
      Lake Avenue Church School 0.6 mi Private PRESCHOOL-K 0 3
      Polytechnic School 0.7 mi Private K-12 0 4
      Jefferson Elementary School 0.7 mi Public PRESCHOOL-5 1 0
      Options For Youth-hermosa Beach, Inc. School 0.9 mi Public 7-12 2 0
      Enchanged Castle Montessori School-pasadena 0.9 mi Private PRESCHOOL-K 0 0
      Mayfield Junior School 1.0 mi Catholic K-8 0 5
      Friends Western School 1.1 mi Private 1-6 0 5
      Madison Elementary School 1.2 mi Public PRESCHOOL-5 1 4
      Hamilton Elementary School 1.2 mi Public PRESCHOOL-5 4 4
      Aria Montessori School 1.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      St. Gregorys Am Hovsepian School 1.3 mi Private PRESCHOOL-8 0 4
      Villa Esperanza Services School 1.3 mi Private 1-12 0 0
      St. Andrew Elementary School 1.3 mi Catholic PRESCHOOL-8 0 4
      Our School 1.4 mi Private PRESCHOOL-K 0 4
      Marshall Fundamental School 1.4 mi Public 6-12 2-5 4
      Oak Knoll Kinderhaus Montessori 1.5 mi Private PRESCHOOL-9 0 0
      The Waverly School 1.5 mi Private PRESCHOOL-12 0 4
      San Marino Montessori 1.6 mi Private PRESCHOOL-8 0 3
      Pasadena Montessori 1.6 mi Private PRESCHOOL-8 0 0
      Longfellow (henry W.) Elementary School 1.6 mi Public PRESCHOOL-5 2-5 3
      Maranatha High School 1.7 mi Private 9-12 0 4
      Sequoyah School 1.7 mi Private K-8 0 5
      Sequoia High School 1.7 mi Private 9-12 0 0
      Levon And Hasmig Tavlian Armenian Preschool 1.7 mi Private PRESCHOOL-K 0 0
      International Montessori Academy 1.8 mi Private PRESCHOOL-5 0 0
      Blair High School 1.8 mi Public 6-12 2 3
      New Horizon School Pasadena 1.8 mi Private PRESCHOOL-8 0 5
      Roosevelt School 1.8 mi Public K-5 3-5 4
      Walden School 1.9 mi Private PRESCHOOL-6 0 5
      Excelsior School 1.9 mi Private 9-12 0 3
      Norma Coombs Alternative School 1.9 mi Public PRESCHOOL-5 3-5 4
      The Peace & Justice Academy 1.9 mi Private 6-12 0 0
      St. Monica Academy 2.0 mi Catholic 1-12 0 4
      Learning Works School 2.0 mi Public 7-12 0 4
      Sovereign Grace Academy 2.0 mi Private 1-12 0 0
      Pasadena Christian School 2.0 mi Private PRESCHOOL-8 0 4
      Judson International School 2.0 mi Private PRESCHOOL-8 0 4
      Frostig Center 2.0 mi Private 1-12 0 0
      Assumption Of The Blessed Virgin Mary School 2.0 mi Catholic K-8 0 5
      Huntington Middle School 2.0 mi Public 6-8 5 5
      Valentine Elementary School 2.0 mi Public K-5 5 5
      Webster Elementary 2.0 mi Public PRESCHOOL-5 0 0
      Washington Middle School 2.1 mi Public 6-8 0 0
      Mayfield Senior School 2.2 mi Catholic 9-12 0 5
      Southwestern Academy 2.2 mi Private 6-12 0 3
      Washington Accelerated Elementary School 2.2 mi Public K-5 1 3
      San Marino High School 2.2 mi Public 9-12 5 4
      Westridge School For Girls 2.2 mi Private 4-12 0 4
      Chandler School 2.3 mi Private K-8 0 4
      The Rosemary School 2.3 mi Private 8-12 0 0
      Cis Academy 2.3 mi Public 8-12 1 0
      Pasadena High School 2.3 mi Public 9-12 2-5 3
      Westminster Academy 2.3 mi Private K-8 0 0
      Westminster Academy 2.4 mi Private K-8 0 0
      St. Felicitas And St. Perpetua Elementary School 2.4 mi Catholic PRESCHOOL-8 0 5
      Weizmann Day School 2.4 mi Private K-8 0 5
      Carver Elementary School 2.5 mi Public PRESCHOOL-5 5 5
      Harambee Preparatory School 2.5 mi Private K-6 0 4
      Willard Elementary School 2.6 mi Public PRESCHOOL-5 3-5 4
      Joy Christian Preschool 2.6 mi Private PRESCHOOL-K 0 0
      Woodrow Wilson Middle School 2.6 mi Public 6-8 1 2
      Cleveland Elementary School 2.6 mi Public PRESCHOOL-5 1 0
      San Rafael Elementary School 2.7 mi Public PRESCHOOL-5 3 4
      Harriet Tubman Preschool & Elementary School 2.8 mi Private PRESCHOOL-1 0 5
      High Point Academy 2.8 mi Private K-8 0 5
      John Muir High School 2.9 mi Public 9-12 1 2
      Field (eugene) Elementary School 3.1 mi Public PRESCHOOL-5 2 4
      Hillsides Education Center 3.1 mi Private 2-12 0 0
      La Salle High School 3.5 mi Catholic 9-12 0 4
      Don Benito Fundamental School 3.6 mi Public K-5 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Pasadena, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.