La Canada Real Estate Market Statistics May 2018
Last month there were twenty four La Canada home sales. The least expensive sale was $890,000 for a two bedroom, two bath home on Verdugo Blvd. The most expensive home sold for $11,000,000 for a 9,227 sq ft home on Berkshire (a former Pasadena Showcase Home). The low absorption rate of 2.6% indicates an extremely strong seller’s market. Buyers in the Foothills continue to be overbid in multiple offer situations. The competition for home buyers in the Foothills of La Canada and La Crescenta is fierce.