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30% of La Canada Home Sales are Purchased with Cash

La Canada Detailed Stats_Page_1 La Canada Detailed Stats_Page_2 La Canada June 2014 Real Estate Sales

While short sales and foreclosure have dwindled, the cash buyer continues to have an impact on home sales in La Canada.  In June 2013, the average La Canada home sold for $538 per square foot and the average selling price was $1,509,001.  The good news for La Canada home buyers is that last month’s absorption rate of 2.85% is an improvement – more inventory!

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