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La Crescenta Home Values

It continues to be a very difficult real estate environment for La Crescenta home buyers, evidenced by the low absorption rate, the highest for the year was 2%.  Last month the absorption rate of less than 1% indicates that if there were n...

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Owning a home: The Great American Dream

There is no better way to accumulate wealth than by owning your own home. But that is only one reason people want to partake in the great American dream of being a homeowner. Security: I just closed escrow on an apartment building. The m...

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Commonwealth

Luxury Home Sales in La Canada, CA

Last month the most expensive luxury home sale in La Canada was 4315 Commonwealth Avenue. This La Canada estate sold for $3,600,000 but was listed for $3,998,500. This property was previously listed twice without selling in 2014 and 2015. ...

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Winning the bidding wars

Inheriting Property

Dear Phyllis, I am my aunt’s only heir and have inherited her Glendale home. Her home is solid but looks like a Grandma’s home and while I am handy, I wouldn’t have a lot of money for fixing it up. I am excited for this opportunit...

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Pasadena Real Estate Values

Last month, half of Pasadena homes sold for under $995,000 (median selling price) and half over. Pasadena values ranged from $571,000 for a 1018 square foot starter home to $3,700,000 to a five bedroom, six bath home on Patrician.  Our new...

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La Canada Home Sales

Half of La Canada home sales were over $1,620,000 (median selling price).  Let's take a look at the new tax plan: Assume a 20% down payment on the median selling price, that will give the median buyer a loan amount of $1,296,000 - allowing...

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La Crescenta luxury sales and listings real estate

La Crescenta, CA 91214 Luxury Home Sales

Last month the highest priced La Crescenta home sale was 5330 Quail Canyon Rd. This luxury home was listed for $1,375,000 and sold in a bidding war for $1,525,000. The seller's purchased this home as new construction in 1986 for $306,500. J...

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Winning the bidding wars

Appraisal Discrepancies

Dear Phyllis, My wife and I are first time buyers and have saved $80,000 for our down payment. Each of our parents is helping us with the remainder. Out of five offers, our $985,000 bid was the highest. We hired an inspector and everyth...

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