Two of the twenty La Canada home sales were in the Sagebrush neighborhood (Glendale school district), which likely attributes to the lower price per square foot, and median and average selling price. The absorption rate of 1.6 months of inventory indicates that it continues to be a strong real estate market for La Canada home sellers.
The signs are here for another banner housing year: After the China market faltered, the US stock market got off to a poor start. The price of crude dropped as well as interest rates. As many speculate the last Federal Reserve rate increase was poorly planned, it’s doesn’t look like higher interest rates are something we are going to see – just yet. If you are a would be home buyer, click here to read our home buying advice