Lets take a look at La Canada home stats: December 2018: Last month there were twenty-six La Canada home sales, up from November’s twelve closings. The low absorption rate (lowest for the year), is typical for December. Fewer sellers put their home on the market near the holidays. Many take their homes off the market,...
Have you heard the term “sweat equity”? According to Wikipedia Sweat equity is a party’s contribution to a project in the form of labor, as opposed to financial equity such as paying others to perform the task. Sweat equity has an application in business, for example, where the owners put in effort and toil to...
Last month the most expensive home sold in La Crescenta, December 2018, was 2815 Willowhaven Dr. This Pinecrest home originally listed for $1,395,000, and reduced to $1,349,000. Then it went into escrow and fell out of escrow until finally selling for $1,300,000. Interesting to note that the sellers purchased this home in 1987 for $290,000....
