5 Reasons to buy a new home in Pasadena this year
Did you see the Rose Parade or the Rose Bowl game in person or on TV this year? It was great to see our fair city shine in the national spotlight again. But, as those who live here know, it’s the day-to-day living that makes Pasadena so ideal. So why should you buy a new home in Pasadena in the New Year?
Because of the value
Los Angeles was recently named America’s most valuable housing market and Pasadena reigns as one of the most valuable spots to buy a home within Greater L.A. Home values rose 5.5 percent last year, earning a “very hot” market rating from Zillow. Rents in Pasadena have also been among the most expensive in the greater L.A. metropolitan area—and topped the list this fall, “a distinction some local experts are attributing to the great location and a local housing shortage, said Pasadena Now.
Todd Hays, a Pasadena-based realtor and former president of the Pasadena Foothills Association of Realtors, told Pasadena Now that the rising rents aren’t surprising given the strong economy, but also zeroed in on the “significant lack of availability” of homes in the area. “We have a housing shortage right now in Pasadena, which we also have up and down the state,” he said.
Communities like Villas at the Ambassador Gardens are providing some relief for those looking to buy a new home in Pasadena and also filling an important need for those looking to trade in their large, high-maintenance home and trade up to a luxury condo so they can enjoy the lock-and-leave lifestyle without leaving the city.
For the lock and leave lifestyle
This is the hot term in the luxury housing market right today, in Pasadena and throughout the country. Coldwell Banker’s luxury magazine, Previews Inside Out, found that, “The major trend driving the luxury real estate market right now is ‘the lock and leave lifestyle.’ High net-worth individuals want less maintenance, more amenities, quality finishes.”
Coldwell Banker Residential Brokerage sales associate Wendy Walker said the primary driver for those looking for this upscale way of life is, “Homeowners who have larger, older estate properties now want less maintenance,” but without losing the luxury touches they’re accustomed to. “They also want to minimize the upkeep and maintenance expenses associated with the larger estates and the grounds.”
It’s all about the accessibility
Old Town Pasadena is filled with people who work at companies like Caltech, Jet Propulsion Laboratory (JPL), and Jacobs Engineering Group, and want to be within bike riding distance to work. But the truth about Pasadena is that it puts homebuyers in the heart of Southern California, accessible to almost anywhere, which makes it a favorite place to buy a home in L.A., no matter where you work.
It’s got to be the walkability
Who doesn’t want to step out their door and be within footsteps of a wide array of restaurants, shops, and cultural outlets? The walkability is one of the things Pasadenans love most about their city, and some areas are more suitable for strolling than others. Villas at the Ambassador Gardens offers the unique opportunity to buy a new home in Pasadena that’s walking distance to the shops, restaurants and nightlife of Colorado Boulevard, Norton Simon Museum and City Hall, and all the best of Old Town—arguably the best location in the city.
Because it features multiple oases in the middle of the city
Pasadena and the surrounding area have all the amenities L.A. homebuyers want plus natural oasis like Descanso Gardens and the The Huntington Library, Art Collections, and Botanical Gardens that abound with beautiful, serene landscapes.
And then there’s Ambassador Gardens. People have been immersing themselves in the natural beauty of this unique amenity dating back more than a century, and residents of Villas have the distinct opportunity to enjoy these stunning surroundings every day, right in their community. Quite frankly, the sumptuous grounds of these historic Pasadena gardens, with the wide lawn, lush flora, meandering walkways, and soothing fountains and stream, make it challenging to leave.
For more information about living in Old Town in one of these luxury new homes for sale in Pasadena, visit Villas at the Ambassador Gardens.