Founded 125 years ago, Pasadena is now home to over 140,000 and continues to grow. The town is home to a number of “A” list celebrities including John Lee Hancock of “The Blind Side” fame and Scott Frank from “Minority Report. But having a number of “A” list celebs is not the reason why Pasadena continues to grow in an era when real estate sales continue to suffer in much of California and the rest of the country.
So what are the reasons behind continued growth and a booming real estate market in the Pasadena area? We take a look at several reasons this medium-sized city continues to see excellent growth and real estate investment opportunities.
Small Town Feel -Big Town Amenities
If you were to ask the average resident of Pasadena why they have chosen to make this town home, many would say the same thing. Pasadena offers people a small town feeling, one that is all about community and friendship. Something you just don’t find any more in most other larger towns and cities in this part of California.
Pasadena is a wonderful place to raise your family and offers plenty of places to go and things to do. For example, it is close to the Huntington Library in Same Marino. The town is also within easy driving distance of some of the area’s largest employers such as the studios located in the San Fernando Valley and Burbank. This can prove to be very important for those who not only work in the entertainment industry, but, also have children who are in school and need to be taxied around to various events and functions.
Pasadena is home to some of the most remarkable architecture in the state with many homes built by legendary architectural firm Greene and Greene still standing. Among these are the Gamble House and the Robert R. Blacker House. Both of these homes have been designated California Historical Landmarks and have also been placed on the U.S. National Register of Historic Places.
Troubled No More
For a period of time in the 1970s, the area saw a significant growth in gang activity and related crime. However, during the 1990s the Pasadena Police Dept. decided enough was enough following the murder of three teenagers by members of the Bloods gang. Since the mid-1990s, Pasadena has once again become a more peaceful and idyllic town that is more suited to raising a family than becoming involved in gang activity.
The low crime rate, beautiful homes, steady housing prices, and convenient location all contribute to the reason why Pasadena continues to see growth in the real estate market. From cultural events such as concerts offered by the Pasadena Symphony at the Ambassador Auditorium to numerous Broadway Shows at the Civic Center, Pasadena continues to be one of the most popular towns in the region to live in and to invest in. Real estate sales in the area continue to show steady improvement month after month in comparison to many neighboring towns.