About Pasadena's South Arroyo/south Orange Grove Corridor

Coming Soon - Along South Orange Grove Boulevard in Pasadena

Coming Soon Along South Orange Grove Boulevard in Pasadena

Sneak Peek -- this subtly sophisticated one level condominium is in a well-maintained building along desirable South Orange Grove Boulevard in Pasadena and will make its market debut in about a week. With over 2000 square feet of living, this home features an impressive entry foyer, spacious living room, formal dining room, updated eat-in kitchen, two large bedrooms, two luxuriously appointed baths and a large den that is adaptable to a third bedroom.

Coming Soon - Along South Orange Grove Boulevard in Pasadena

Come back for more updates and the exciting opening announcement.

Michael Jacobs is a Realtor who serves Pasadena and the San Gabriel Valley as well as the adjacent northeast foothill communities within the city of Los Angeles and can be reached by cell/text at 818.516.4393 or michaeljacobs@coldwellbanker.com

December 2011 Market Update - South Orange Grove Boulevard Condos/Townhomes in Pasadena CA

This is a market recap of condominums and townhomes in the South Orange Grove corridor of Pasadena, California. This area is also known as "Millionaire's Row". This name is from earlier times along South Orange Grove where landmark mansions and estates once lined this gracious broad tree-lined boulevard.

In this report, I extend beyond what some may consider the "prime area" along South Orange Grove Boulevard and include properties south of Colorado Boulevard and north of Columbia. For the eastern boundary, I include Singer Park on California Boulevard and all of the streets that run parallel to California. The western boundary for this report is the Arroyo(south of the Colorado Street Bridge). This report does not include any of the condos or townhomes in Old Pasadena or those north of the 210 Freeway(so it does not include Orange Grove Village I or II, Continental Court or any of the developments between North Orange Grove and Arroyo Drive). All information is from our local multiple listing service on January 15, 2012 -- it has not been verified and is not guaranteed.

December 2011 Market Update - South Orange Grove Boulevard Condos/Townhomes in Pasadena CA

There were four sales in this category along the South Orange Grove Boulevard corridor in December 2011. The sales ranged in price from $500,000(888 South Orange Grove) to $1,975,000(the spectacular two level townhouse style condo at 300 South Orange Grove). In December 2010 there was one sale in the category - a unit at the Rose Tree condominium complex that closed for $670,000.

As of the date of this post, there are 24 condos/townhomes on the market for sale ranging in price from $320,000(a one bedroom at Castlegate) to $1,495,000(Grand Avenue). There are five properties in escrow ranging in price from $479,000 to $698,000.

I continue to see the number of days on market increasing and numerous price reductions -- sellers can definitely address these two issues by correct pricing upfront and proper presentation(staging can be as simple as de-clutter/touch-up to more extensive renovations). It may be trite but you only have one chance to make a first impression.

December 2011 Market Update - South Orange Grove Boulevard Condos/Townhomes in Pasadena CA

If you would like more detailed information regarding the South Orange Grove condo/townhome market or any micro-market within the San Gabriel Valley or adjacent northeast foothill communities within the city of Los Angeles, contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Status Update: November 2011 Sales Report - Along Pasadena Millionaire's Row

This is a market recap of condominums and townhomes in the South Orange Grove corridor of Pasadena, California. First, a definition of the area for this report is in order. In this report, I extend beyond what some may consider the "prime area" along South Orange Grove Boulevard in and include properties south of Colorado Boulevard and north of Columbia. For the eastern boundary, I include Singer Park on California Boulevard and all of the streets that run parallel to California. The western boundary for this report is the Arroyo(south of the Colorado Street Bridge). This report does not include any of the condos or townhomes in Old Pasadena or those north of the 210 Freeway(so it does not include Orange Grove Village I or II, Continental Court or any of the developments between North Orange Grove and Arroyo Drive). All information is from the multiple listing service on November 8, 2011 -- it has not been verified and is not guaranteed.

Regarding the term "Millionaire's Row" and its significance to South Orange Grove Boulevard: Many landmark mansions and estates once lined this broad boulevard and the surrounding neighborhood. Some of those mansions and estates certainly exist in this prime neighborhood just east of the Arroyo Seco along with the condominiums and townhomes.

The Wrigley Mansion also known as The Tournament of Roses Mansion

www.camoves.com/michael.jacobs

Status Update: November 2011 Sales Report - Along Pasadena Millionaire's Row

There were three sales in the condominium/townhome category during November 2011. The ranged in closed sales prices from $750,000(a single level condo at 300 South Orange Grove that was listed at $725,000) to $1,000,000(a 2392 square foot two bedroom, three bath, library single level on Gordon Terrace with an amazing patio). The other unit was a townhome in a three unit complex on Bellevue that sold for $795,000.

In November 2010, there was only sale in this category a townhouse style condo at the Bellefontaine that sold for $738,000.

South Orange Grove remains one of the most desirable addresses in the San Gabriel Valley. Many of the buyers want a single level unit. If the building is multi-story, an elevator in the building will enhance the appeal of the unit. Those buildings, many of which were built in the 1950s and the 1960s, without elevator service will notice that upper level units may not be as popular with today's buyers.

Status Update: November 2011 Sales Report - Along Pasadena Millionaire's Row

Would you like more information regarding condominiums and townhomes along Pasadena Millionaire's Row? Michael Jacobs can provide you with the answers and can be reached at 818.516.4393 cell or michaeljacobs@coldwellbanker.com

Status Update: October 2011 - Along Pasadena Millionaire's Row

This is a market recap of condominums and townhomes in the South Orange Grove corridor of Pasadena, California. First, a definition of the area for this report is in order. In this report, I extend beyond what some may consider the "prime area" along South Orange Grove Boulevard in and include properties south of Colorado Boulevard and north of Columbia. For the eastern boundary, I include Singer Park on California Boulevard and all of the streets that run parallel to California. The western boundary for this report is the Arroyo(south of the Colorado Street Bridge). This report does not include any of the condos or townhomes in Old Pasadena or those north of the 210 Freeway(so it does not include Orange Grove Village I or II, Continental Court or any of the developments between North Orange Grove and Arroyo Drive). All information is from the multiple listing service on November 8, 2011 -- it has not been verified and is not guaranteed.

Regarding the term "Millionaire's Row" and its significance to South Orange Grove Boulevard: Many landmark mansions and estates once lined this broad boulevard and the surrounding neighborhood. Some of those mansions and estates certainly exist in this prime neighborhood just east of the Arroyo Seco along with the condominiums and townhomes.

Wrigley Mansion - a landmark along South Orange Grove Boulevard - Pasadena

www.camoves.com/michael.jacobs

Status Update: October 2011 - Along Pasadena Millionaire's Row

According to our local multiple listing service reports there were seven sales in the South Orange Grove Corridor(condos/townhomes) during the month of October, 2011. The sale prices ranged from $445,000(a two bedroom unit in the Garden Grove complex) to $899,000(a unit at 2003 bult The Savannah which has subsequently just been re-listed at $979,000 within the last five days.

During October 2010, there were three sales. They ranged in sold prices from $270,000(a one bedroom second level unit at Castlegate) to $850,000(to a second level unit at 660 South Orange Grove--what an impressive lawn area at this complex!).

Currently, there are 26 condos or townhomes on the market for sale along the South Orange Grove corridor. They range in price from $325,000 to $1,975,000(same price range as end of September 2011). Ten units are in escrow with the most recent list prices of $339,000(in Castlegate) to $795,000(one of the units in the three townhome project on Bellevue).

South Orange Grove remains one of the most desired addresses in the San Gabriel Valley....so presentation and pricing continue to be very important, this is not typically a good market for properties in need of repair or updating....buyers want move-in condition.

South Grand Avenue Historic Townhomes & Condominiums

One Property for Sale: $1,495,000

One Property in Escrow: $689,000(list price, short sale)

Status Update: October 2011 - Along Pasadena Millionaire's Row

Looking to buy, sell or just curious about condominiums or townhomes along the South Orange Grove corridor or anywhere in Pasadena or the adjacent San Gabriel Valley communities contact Michael Jacobs 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

1 South Orange Grove

Closed Escrow October 25, 2010 List Price: $595,000, Sales Price: $579.000

Grovesnor Square -- currently available for $539,000

900 South Orange Grove Boulevard -- four unit complex -- Unit C Closed Escrow October 18, 2011

Original List Price: $695,000 Final Sales Price: $545,000

On Market 502 days according to multiple listing records

411 Gordon Terrace -- a six unit complex

Closed Escrow this week --- contact me for final sales price or check next month's market report

All active, pending and closed sales information is from our local multiple listing records. It has not been verified and is not guaranteed.

Pasadena CA September 2011 Sales Recap and Market Update - South Orange Grove Corridor (Condos & Townhomes)

First, a definition of the area for this report is in order. In this report, I extend beyond what some may consider the "prime area" along South Orange Grove Boulevard in Pasadena, CA and include properties south of Colorado Boulevard and north of Columbia. For the eastern boundary, I include Singer Park on California Boulevard and all of the streets that run parallel to California. The western boundary for this report is the Arroyo(south of the Colorado Street Bridge). This report does not include any of the condos or townhomes in Old Pasadena or those north of the 210 Freeway(so it does not include Orange Grove Village I or II, Continental Court or any of the developments between North Orange Grove and Arroyo Drive). All information is from the multiple listing service on October 29, 2011 -- it has not been verified and is not guaranteed.

Pasadena CA September 2011 Sales Recap and Market Update - South Orange Grove Corridor (Condos & Townhomes)

According to our local multiple listing service reports there was just one sale in the South Orange Grove Corridor(condos/townhomes) during the month of September, 2011. The sale was a two bedroom/two bath condo at The Atherton(not far from the Valley Hunt Club). It was listed at $599,000 and sold for $565,000. With approximately 1384 square feet, this first floor unit had nice outdoor areas and was built in 1977.

During September 2010, there were six sales. They ranged in sold prices from $550,000 to $850,000 with a median sales price of $572,500 and an average sales price for the month of $650,333. It should be noted that four of those sales were a result of the auction of units at the then newly constructed units at Bridgewater/Arroyo.

Currently, there are 25 condos or townhomes on the market for sale along the South Orange Grove corriodor. They range in price from $325,000 to $1,975,000. Eight units are in escrow with the most recent list prices of $390,000 to $1,200,000. South Orange Grove is one of the most desirable in the San Gabriel Valley....so presentation and pricing continue to be very important, this is not typically a good market for properties in need of repair or updating....buyers want move-in condition.

Pasadena CA September 2011 Sales Recap and Market Update - South Orange Grove Corridor (Condos & Townhomes)

Looking to buy, sell or just curious about condominiums or townhomes along the South Orange Grove corridor or anywhere in Pasadena or the adjacent San Gabriel Valley communities contact Michael Jacobs 818.516.4393 cell or michaeljacobs@coldwellbanker.com.