Spring home buying season has ended but La Canada home sales are still going strong. The 2.17 absorption rate indicates that there are just two months of inventory available which reflects a very strong seller’s market. And note th...
Last month the most expensive La Canada home sale was 4407 Shepherds Lane. The home was rebuilt in 2015 leaving only one original wall. This 5 bedroom, 5 bath luxury home sold for in 31 days for $3,275.00 – 99% of asking price. The home i...
If you are a La Canada home buyer, you are painfully aware of the increase in La Canada real estate values. Although May’s median value is down from its March high, its $236,500 higher than in January. The average La Canada home is selling ...
Luxury real estate sales are surging. As reported in the Wall Street Journal: four years ago, a Russian billionaire became the first person known to pay the unheard-of price of $100 million for a single-family home in the U.S. While breaking ...
How is the La Canada real estate market? Well if you ask La Canada home sellers, the market is great. But on the flip side, just ten lucky La Canada buyers were able to close escrow on their La Canada dream home last month. The average p...
Luxury real estate in La Canada is doing well. Last month there were two high end real estate sales:
1313 Descanso Drive, La Canada sold for $4,250,000 3/31/15
5 + 6, ½+ acre, 5700+ sq. ft.
348 Blythe Rd., La Canada sold for $4,50...
Before we take a look at La Canada’s February real estate market stats, let’s examine what median selling price means. Median means "in the middle”, the median price is the midway point. The median selling price means that half of the h...
Last month’s (February 2015) most expensive La Canada home sale was 3996 Chevy Chase Drive. This 5 bedroom, 6 bath estate is over, 7,000 square feet on an acre. The home was built in 2002 and sold for $4,305,000. The home previously sold ...
Last month (November 2014) 20% of La Canada real estate sales were sold to cash buyers. Only 15 La Canada homes sold last month.
Seven out of the last eleven months saw the average La Canada home selling for over asking price. Last month’s p...
There were three luxury real estate sales in La Canada last month (November 2014):
752 Georgian Rd. (While I love mid-century homes, they sometimes flounder on the market in La Canada).
4 + 6, 5862 sq. ft., 26,475 lot, Built in 2002
Originally...