Last month, the most expensive luxury home sold in La Crescenta was 2342 Chapman. The home sold for $1,370,000 – $208,000 over the asking price.
MLS remarks read:
This spacious custom-built home on a large lot in Briggs Terrace located in a cul de sac, featuring mountain views and a sparkling pool. 3 Bed + 2.5 Bath home (per seller) has 3340 sq ft of living space. The living area with vaulted ceilings and brick fireplace features French doors that lead to the patio with lots of room for entertaining. The Master Suite features built-in closets and drawers with a private bath, and double sink vanity in the dressing area. The kitchen has granite counters, stainless steel appliances, newer oak floors, and custom cabinets. Adjacent is the dining area and family room with oak floors and built in bookshelves and entertainment center complete with bay window and window seat. two main floor bedrooms have oak floors and closets with built in organizers. Laundry room area with pantry and enclosed desk area and sink. Downstairs is the generous sized Media/game room with sliding doors leading to the pool. There are built in display shelves and a storage area with Barn door plus closet and powder room. An unfinished bonus room off the patio is ready for you to make into whatever you need – office, studio, workroom or extra living space.
The real estate market is a pendulum – it swings back and forth. Historically low interest rates + a shortage of listings have created the perfect storm (ideal seller’s market).
Many home buyers are not willing to make concessions but that is not the reality of today’s market. Of course house hunters should have basic requirements such as: location, school district, yard space…. But most everything else can be changed and or improved upon over time.
I recently listed and sold a La Canada home for more than $200,000 over the list price. Most of the offers were very good. But in today’s market, very good doesn’t get it. I had several cash offers and several non-contingent offers. I sympathize with buyers in today’s competitive real estate market. It is tough out there and if you are going to be the successful bidder, not only do you have to be aggressive, you and your Realtor need to jump through all of the hoops. That means letters to the seller, and closely following any offer guidelines.