All data within this document is pulled from the Pasadena MLS.

Pasadena Market UpdateSecond Quarter 2015

PASADENA BROKERAGE

800 East Colorado Boulevard, Suite 150

Pasadena, CA 91101

t. 626.229.0909

sothebyshomes.com/pasadena

Resort-Style Living, Sierra Madre, CA | web: 0277612 | Mark Ogden

ALTADENA | LA CANADA | PASADENA | SAN MARINO | SOUTH PASADENA

FEATURED LISTINGS

PASADENA | $1,612,500 | web: 0277583

PASADENA | $2,998,000 | web: 0277562LA-CANADA FLINTRIDGE | $3,980,000 | web: 0277588

PASADENA | $2,250,000 | web: 0277599

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. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. 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.

A MESSAGE FROM OUR MANAGER: Jeff Maynard

I am pleased to report that in the second quarter of 2015, four of the five areas in this marketreport enjoyed a steady increase in their average sales prices according to the PasadenaFoothills Association of Realtors ITEC Multiple Listing Service. The number of units sold in allfive areas was up as well, which is a positive sign. A trend that appears to be slowly taking hold is that buyers are keen to establish a proper value and are willing to wait if they feel a property is overpriced. Those homes will sit with no or fewer offers. This can be a costly and painful process so make sure you have an agent who knows your market. Sotheby’s International Realty – Pasadena brokerage’s listings often get multiple offers as extensive research is conducted to formulate the suggested sales price for our sellers. We are local experts with International connections that help our clients receive exposure like no other company can deliver. Our office enjoyed incredible closed volume growth in the second quarter as compared with the same time last year and we would like to thank our many satisfied customers for placing their trust in us.

sothebyshomes.com/pasadena

PASADENAPasadena 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.

SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015

UNITS SOLD 231 388 298 230 280

AVERAGE SELLING PRICE $828,564 $754,111 $884,121 $1,054,242 $1,049,033

AVERAGE LISTING PRICE $1,143,795 $792,079 $875,475 $1,043,198 $1,055,887

DISCOUNT % 72% 95% 101% 101% 99%

MEDIAN $626,000 $562,500 $695,000 $803,000 $806,500

VOLUME $191,398,255 $292,595,162 $263,468,051 $242,475,647 $293,729,275

AVE DOM 84 82 48 44 47

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2011 2012 2013 2014 2015

Altadena La Canada Pasadena San Marino South Pasadena

FIVE YEARS OF AVERAGE SELLING PRICES | Q2

0

50

100

150

200

250

300

350

400

450

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2011 2012 2013 2014 2015

Average Selling Price Units Sold

ALTADENA | LA CANADA | PASADENA | SAN MARINO | SOUTH PASADENA

SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015

UNITS SOLD 96 110 117 106 124

AVERAGE SELLING PRICE $582,235 $554,350 $653,419 $726,640 $753,885

AVERAGE LISTING PRICE $624,997 $573,864 $650,587 $713,402 $745,657

DISCOUNT % 93% 97% 100% 102% 101%

MEDIAN $474,600 $429,250 $590,000 $639,500 $652,250

VOLUME $55,894,600 $60,978,481 $76,450,004 $77,023,812 $93,481,781

AVE DOM 80 72 51 44 50

SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015

UNITS SOLD 35 36 44 35 36

AVERAGE SELLING PRICE $1,768,314 $1,730,151 $2,355,744 $2,168,865 $2,740,444

AVERAGE LISTING PRICE $1,929,566 $1,737,056 $2,260,450 $2,013,137 $2,718,719

DISCOUNT % 92% 100% 104% 108% 101%

MEDIAN $1,328,000 $1,552,500 $1,925,000 $2,050,000 $2,500,000

VOLUME $61,891,000 $62,285,450 $103,652,750 $75,910,270 $98,656,000

AVE DOM 79 52 32 25 46

ALTADENASited 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.

SAN MARINOSan 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.

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2

0

20

40

60

80

100

120

140

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

2011 2012 2013 2014 2015

Average Selling Price Units Sold

0

5

10

15

20

25

30

35

40

45

50

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2011 2012 2013 2014 2015

Average Selling Price Units Sold

sothebyshomes.com/pasadena

LA CAÑADA FLINTRIDGELa 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.

SOUTH PASADENASouth 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.

SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015

UNITS SOLD 66 80 72 67 87

AVERAGE SELLING PRICE $1,438,812 $1,288,431 $1,482,980 $1,462,530 $1,855,751

AVERAGE LISTING PRICE $1,543,979 $1,355,009 $1,505,624 $1,455,487 $1,832,106

DISCOUNT % 93% 95% 98% 100% 101%

MEDIAN $1,179,500 $1,180,000 $1,302,500 $1,299,000 $1,589,000

VOLUME $94,961,600 $103,074,500 $106,774,540 $97,989,516 $161,450,373

AVE DOM 70 62 40 44 35

SINGLE FAMILY HOMES | Q2 2011 2012 2013 2014 2015

UNITS SOLD 42 40 41 30 34

AVERAGE SELLING PRICE $952,216 $856,064 $1,156,241 $1,243,594 $1,314,348

AVERAGE LISTING PRICE $980,238 $912,422 $1,134,727 $1,190,800 $1,297,735

DISCOUNT % 97% 94% 102% 104% 101%

MEDIAN $890,500 $667,500 $975,000 $1,181,750 $1,283,788

VOLUME $39,993,087 $34,242,550 $47,405,890 $37,307,825 $44,687,825

AVE DOM 59 83 45 37 51

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2

AVERAGE SALE PRICE | TOTAL SFH SOLD | Q2

0

10

20

30

40

50

60

70

80

90

100

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

2011 2012 2013 2014 2015

Average Selling Price Units Sold

0

5

10

15

20

25

30

35

40

45

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

2011 2012 2013 2014 2015

Average Selling Price Units Sold

left to right from top to bottom:

METROPOLITAN MARKETS

NEW YORK, NY | Web: 00110206 | $3,250,000

HOUSTON, TX | Web: 1232987 | $2,999,000

LOS ANGELES, CA | Web: 0286222 | $3,298,000

RESORT MARKETS

MALIBU, CA | Web: 0172733 | $3,200,000

EAST HAMPTON, NY | Web: 0046177 | $2,995,000

SANTA BARBARA, CA | Web: 0113898 | $3,195,000

FOREIGN MARKETS

GERMANY | Web: S76NQ3 | $3,590,261

ITALY | Web: MEQC8Z | $3,926,848

ISRAEL | Web: 3DWFN3 | $3,904,420

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