We had a very active June, and I’m excited to share our 2nd Quarter 2022 Update.
Both of our four-unit buildings in Glendale went into escrow. The buyer plans to keep the properties intact, which surprised me. At first, I thought a developer might purchase the double lot and build townhomes. Instead, the buyer saw long-term value in maintaining the existing structures. As a result, the buildings will remain part of Glendale’s original housing stock.
At the same time, our La Cañada fixer also went into escrow. The oversized lot and prime location drew interest from multiple investors. Ultimately, one investor made a strong offer and secured the property. They plan to renovate and unlock its full potential.
Overall, this quarter showed continued demand and movement, even as the market began to shift.
Although the interest rate increase has impacted some buyers, we don’t have any active listings. All of our listings continue to sell quickly.
We are preparing a new La Canada listing for the market—another in La Crescenta and one in Monrovia. We are working on listings in Sun Valley and Glendale’s Oakmont Woods.
I have yet to enjoy my pool this year, but I hope to do so this 4th of July weekend. Check out our Friday blog post for fun things to do the weekend of the 4th.
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