The name does live up to its billing. A news announcement this week proclaiming Pasadena’s Bungalow Heaven a great place to live begets the next question…..”How much does it cost to live there”?

Bungalow Heaven In Pasadena CA

While the American Planning Association’s list of “Great Places”, doesn’t quite have the prestige of Money Magazines Best Places to Live it is a very desirable accolade nonetheless. Just drive down the tree lined streets and you quickly realize what a special place it is. The other interesting fact about Bungalow Heaven is that it is a microcosm of the Pasadena real estate market. Home values here run very closely with what Pasadena as a city reports on a monthly basis.

Home Prices in Bungalow Heaven

With the average size home running from 1400 to 1600 square feet along with the homogeneity of the neighborhood, there has not been a lot of fluctuations on home prices as noticed in some other areas of Pasadena. According to the Bungalow Heaven neighborhood web site, the area comprises about 800 homes. Based on an annual turnover rate of only 2.5 to 3%, home prices have held up pretty well. This year look for home sales to hit about 30 units, higher than last years total of 22, but still below the high reached in 2006 of 36 homes. In addition, home prices have sold close to their asking prices indicating desirability over discounting and this trend has been constant over the last four years.

4 Year Home Prices for Bungalow Heaven

Home sales this year have ranged from a 2 bed, 1 bath with a little over 1000 square feet for $225,000 to a 3 bed, 2 bath with 1879 sq ft for $785,000. Just as the rest of the Pasadena housing market has experienced, the market for homes under $500,000 has re-emerged this year with 7 homes selling year to date. Finding a home in BH under $500,000 in ‘06 & ‘07 was almost impossible.

If you are in the market to buy a home and you want to check out the availability in Bungalow Heaven, there are 6 homes on the market ranging from $499,000 to $975,000. Take a drive through the neighborhood and discover what the residents know….it’s a great place!

As Kevin Costner asked in his hit movieThe Field of Dreams “Is this heaven”?, Yes, its Bungalow Heaven.

Want to know more about Pasadena Craftsman Homes? Craftsman Weekend is scheduled from October 16-18.

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