Home prices continue to rise in historical Pasadena, California, say local Realtors.

"Located north of Los Angeles' downtown is a city rich with history and tradition, famous for the Tournament of Roses, the Rose Bowl, the Jet Propulsion Laboratory, and California Institute of Technology," describes Realtor Payman Emamian. "Pasadena's history spans as far back as 1771, but the city was not incorporated until 1886, and by the turn of this century, Pasadena was the wealthiest small city in America. As of January 1996, the population had reached 137,100 persons. Pasadena is home to the Norton Simon museum, the elegant Ritz-Carlton / Huntington Hotel, and the beautifully renovated Old Town area. Prices of homes for sale range from $150,000-7,500,000."

Advises Emamian, "With many buyers wanting to live in Pasadena, there are very few homes available and we have seen home price appreciating very quickly. Since the beginning of this year we saw 42 homes sell with an average price of $468,583, which was a 14.3 percent increase from the same time last year."

Says Realtor Roland Wilhelm, "Pasadena is a refined city that values its architectural and historical roots, with easy access to greater Los Angeles while being minutes from the mountains.

Suggests Wilhelm, "Prices continue a strong upward trend. Pasadena just keeps getting better and better due to visionary city planning, respect for both public and private historic structures, and civic spirit. If you're looking to buy, intelligent representation by your Realtor of choice, and a bit of patience in this competitive market, should get you into your new home at historically low interest rates."

"Vintage homes continue to be a draw," observes Realtor Phyllis Harb, "Pasadena is one of the few communities to see neighborhood revitalization. Inventory remains low, and well-priced homes are selling quickly. Cosmetic fixers are the best deal for homebuyers. A handful of Realtors are offering decorating services to home sellers, in order to professionally stage their home for sale."

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Published: March 11, 2003

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