Last month (October), the most expensive La Canada Luxury home sale was at 4055 Chevy Chase Drive. This seven-bedroom, seven-bath home was built in 2003. The home is over 8,000 square feet on nearly one acre. In addition, there is a 1,000...
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...
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 (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...