October's First-Time Homebuyer Report for North Arroyo

North Arroyo has one of the most prosperous populations in Pasadena with a median income of $139,193 per household. On top of being ranked the richest neighborhood, it also ranks as the second-youngest with a median age of 51 years. The North Arroyo market almost exclusively consists of detached houses, accounting for 96% of the current homes in the area. Topping the list of best schools in the neighborhood is Odyssey Charter.

Culture

If you are interested in arts and entertainment, Foursquare says that Oak Grove Disc Golf Course and JPL Visitor Center are the most popular places in North Arroyo. If you like to dine out, some popular restaurants are Los Gringos Locos, Flintridge Proper Restaurant and Bar, and McDonald's. And finally, Starbucks is a frequently visited spot to get some coffee

Price Range

The median value of homes in North Arroyo is $919,948, making it one of the most valuable areas in Pasadena. At the same time, the average list price of available homes is presently $1,450,125. The North Arroyo market reported positive news this week as sales climbed 16.7% to hit seven homes sold over the last 30 days.

Out of all the listings in North Arroyo, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$7.6M   $439K   $3.6M  

Typical Dwelling

The typical dwelling in North Arroyo is a three-bedroom detached home worth about $1,212,807. To purchase a similar home, a buyer with good credit and a $242,561 cash down payment could obtain a mortgage with a 3.95% interest rate and a $5,237 monthly payment. The property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out North Arroyo homes for sale or reviewing North Arroyo real estate trends.


Data reported through 10/13/2016

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