Despite the trend, median prices in surrounding communities did not fare so well.
The median price of a single-family home in Pasadena was $599,000 last month, an 11% climb from $538,000 in December 2011, according to statistics compiled by Realtor Keith Sorem with Keller Williams Realty in Glendale.
The median price of a condominium also increased slightly, from $400,000 in December 2011 to $404,000 last month.
Meanwhile, the number of single-family homes on the market continued to slide. There were 115 homes on the market last month, a 54% tumble from the 249 homes a year ago.
Condos saw a similar decline, from 174 in December 2011 to 99 last month — a 43% drop.
But in San Marino, the median price of a single-family home fell nearly 17%, from $1.81 million in December 2011 to $1.51 million last month.
Only eight homes were for sale in San Marino last month, a roughly 58% drop from the 19 on the market the year prior.
Median prices also slid in South Pasadena, with the median price for a single-family residence falling from $915,000 in December 2011 to $894,000 last month. The median price of a condo fell by 23%, from $530,000 to $405,000.
There were 15 homes for sale in South Pasadena last month, a 28% decrease from 21 a year ago. And only one condo was on the market last month, down from 11 in December 2011.