The increased number of home sales impacts La Canada real estate values. The absorption rate reflects supply and demand. Last month’s absorption rate was the lowest for the year.
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Last year the average La Canada home was selling faster and over asking price. Last year’s absorption rate indicated a stronger seller’s market. But this year the average selling price and price per square foot is higher for La Canada r...
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...
La Canada real state continues to hold its value. 18 La Canada homes sold last month. Last October (2013) the real estate absorption rate was 3.05% versus last month’s 1.89%. It continues to be a strong sellers’ market in La...
Los Angeles home buyers in the market to purchase their dream home are aware that although the LA real estate market has slowed it continues to be a home seller’s market. Well priced homes often sell over asking price in multiple offer ...
Luxury real estate sales in are thriving in La Canada. There were four, three million + La Canada real estate sales in October, one of which sold for cash:
655 Hillcrest, La Canada, 91011 sold for cash. It was a tear down on a one + acre v...
Slim pickings for home buyers in La Canada. Last month just 13 homes closed versus 20 La Canada home sales in September of last year. La Canada real estate is driven by La Canada schools, and while we don’t have as many active La Can...
There have been six $3,000,000+ luxury real estate sales in La Canada this year (two purchased with cash). Last month (September 2014) there was one luxury La Canada home sale:
Sited on one of La Canada’s favorite streets at 1125 Descans...
In La Canada, one typically needs to spend $3,000,000 or more to buy a home to swoon over. Last month (August 2014) there was one La Canada home sale exceeding the three million mark:
4335 Woodleigh, La Canada:
3 + 4 + 2 + 2 guest house, po...