Pasadena Townhome Listings

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About Pasadena

Pasadena, a city where the grace of classic Southern California meets the vibrancy of modern living. In this picturesque locale, the real estate market is as diverse as the city itself, offering everything from stunning Craftsman-style homes to sleek, modern condos. Lately, there's been a growing appreciation for properties that combine historical architecture with updated amenities, a trend reflecting Pasadena's unique blend of the old and the new. The demand for homes here is consistent, driven by the area's reputation for beautiful tree-lined neighborhoods, excellent schools, and a strong sense of community. Living in Pasadena means enjoying the luxury of space and tranquility, with the buzz of Los Angeles just a short drive away.

Embracing the Pasadena Lifestyle: Cultured, Lush, and Lively
Life in Pasadena is about enjoying the finer things at a relaxed pace. This city is a cultural hotspot, known for its iconic Rose Parade, world-class museums like the Norton Simon, and a thriving arts scene. Food lovers and shoppers will delight in the charming boutiques and diverse culinary offerings found along Old Town Pasadena and beyond. Nature enthusiasts aren't left out either; the city boasts beautiful parks and is close to hiking trails in the San Gabriel Mountains. Pasadena's community is dynamic yet close-knit, hosting various festivals and events that bring residents together. It's a lifestyle that caters to a range of tastes and interests, all within the backdrop of stunning Californian scenery.



What is the housing market like in Pasadena today?

The Pasadena housing market is somewhat competitive. Homes in Pasadena receive 5 offers on average and sell in around 35 days. The median sale price of a home in Pasadena was $1.2M last month, up 15.4% since last year. The median sale price per square foot in Pasadena is $743, up 2.0% since last year.

How hot is the Pasadena housing market? 

Pasadena is somewhat competitive. Homes sell in 35 days.

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Yes, they can be, with several factors contributing to their potential:

  • Steady appreciation: Over the past 5 years, the median townhome price in Pasadena has risen by 30%, indicating strong long-term value growth.
  • High demand: Pasadena attracts families, professionals, and investors, creating a competitive market and pushing demand for well-located townhomes.
  • Diverse offerings: From historic Craftsman bungalows to modern gated communities, Pasadena caters to various budgets, lifestyles, and architectural preferences.

However, consider these points:

  • High entry cost: Pasadena boasts some of the priciest real estate in the Greater Los Angeles Area (GLA), demanding significant investment compared to surrounding areas.
  • Competitive market: Bidding wars and quick deals are common, requiring strategic maneuvering and swift decision-making.
  • HOA fees and restrictions: Be mindful of potential HOA fees and community regulations that may impact your lifestyle preferences.

Neighborhood Example: In the prestigious Old Town Pasadena, known for its charming Craftsman bungalows and walkable streets, the median townhome price exceeds $800,000, reflecting exclusivity and high demand.

  • Shift towards smaller units: While spacious townhomes remain popular, smaller units with efficient layouts are gaining traction due to affordability concerns and solo buyers.
  • Focus on amenities: Townhomes with balconies, patios, or access to community green spaces are highly sought-after, capitalizing on the California climate.
  • Sustainability features: Energy-efficient appliances, smart home systems, and eco-friendly construction are increasingly valued by buyers.

Neighborhood Example: The Playhouse Village exemplifies this trend with its LEED-certified townhomes featuring private patios and proximity to a community park, attracting environmentally conscious buyers seeking modern living.

The "best" depends on your priorities:

  • Historic charm and walkability: Old Town Pasadena and the Playhouse District offer charming Craftsman bungalows and easy access to shops, restaurants, and cultural attractions, ideal for those seeking a vibrant downtown lifestyle.
  • Family-friendly atmosphere: The neighborhoods near Memorial Park and the Arroyo Seco offer parks, good schools, and a more suburban feel, catering to families with children.
  • Modern living and amenities: The areas near Colorado Boulevard and Fair Oaks Avenue provide newer townhome communities with modern features and proximity to shopping malls, attracting young professionals and investors.
  • Affordability: Rising costs and limited inventory, particularly for desirable properties, can limit accessibility for some buyers.
  • Limited new construction: Strict zoning regulations and high land costs can constrain new townhouse development, impacting supply.
  • Parking limitations: On-street parking may be limited, and some townhome communities charge extra for assigned parking.
  • Partner with a local townhouse expert: Their knowledge of specific neighborhoods, architectural styles, and market trends is invaluable.
  • Define your needs and budget: Be clear about your priorities, financial limitations, and desired features like outdoor space or proximity to amenities to make informed decisions and target your search effectively.
  • Be prepared to act quickly: In such a competitive market, swift decision-making and strategic offers are crucial to securing your desired property.

Work with Laurie

I handle all levels of clients looking to buy and sell in Pasadena, San Marino, Altadena, South Pasadena, and the San Gabriel Valley. Whether you are a first-time home buyer, moving up or scaling down I can help you find the home of your dreams or make the sale of your home as simple as possible. Contact me today to discuss all your real estate needs!