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Housing Market for La Canada August 2021

August 2021 Housing Market La Canada Flintridge:

Last month, August 2021, more than half the La Canada homes sold for over $2,000,000. The real estate market showcases remarkable strength, as evidenced by several key trends. To begin with, an impressive twenty-five homes sold above their asking price, actively demonstrating fierce buyer competition and a willingness to exceed listed values. In stark contrast, only four homes sold for less than their asking price, further emphasizing the overwhelming demand driving this market. Moreover, in La Canada, just one home underwent a price reduction, indicating sellers’ confidence and the scarcity of downward pricing adjustments. As a result, these dynamics collectively illustrate a vibrant, seller-dominated market where properties are selling quickly and commanding premiums, with minimal need for price concessions.

The least expensive sale was a three-bedroom, two-bathroom, 1,290-square-foot home located at 4428 La Granada Way.  It sold for $1,200,000, $25,000 over the asking price. The highest priced La Canada home sale was a five-bedroom, seven-bathroom, 5,729 square feet. This luxury home was located at 1313 Descanso Dr.  It sold for an impressive $5,510,000, which was $660,000 over the original asking price.

Housing Market for La Canada August 2021

Housing Market for La Canada August 2021 Recap:

The real estate market is experiencing notable trends. Specifically, the days on market (DOM) are at their lowest point for the year, indicating that properties are selling rapidly. Moreover, the selling price to list price ratio has reached its highest level year to date, demonstrating that homes are fetching prices very close to or above their listed values. Consequently, these dynamics suggest a highly competitive market where demand drives swift sales and strong pricing.

La Canada 91011 Real Estate Values
La Canada April 2015 Real Estate Values
La Canada August 2015 Real Estate Values
La Canada Home Values
La Canada Flintridge Housing Market September 2020
Just Listed: 4295 Mesa Vista Drive La Canada Flintridge 91011
Just Listed: 4329 Purtell Drive, La Canada Flintridge
Just Listed: 452 Carling Ave Glendale Americana at Brand
Just Listed: 4934 Lowell Ave, La Crescenta
Just Listed: 5 East Orange Grove Avenue Arcadia
Just Listed: 5081 Fallhaven Lane La Canada 91011
Just Listed: 5350 Jessen Drive La Canada
Housing Market for La Canada/Flintridge – August 2021
Housing Market for La Canada May 2021
Have La Canada Real Estate Values Peaked?
Foothill Real Estate Sales History: La Canada & La Crescenta
Excellent Realtor, Glendale California Native, La Canada Resident
Coming Soon: 4857 Commonwealth Ave, La Canada 91011
Coming Soon: 5081 Fallhaven Lane La Canada 91011
Just Sold: 555 Meadow Grove Street La Canada Flintridge
Coming Soon 1929 Lyans Drive La Canada
Before and After of This La Canada Listing
724 Forest Green Dr, La Canada – Highest Priced Home Sold October 2019
5441 Rock Castle Drive, La Canada
5187 Vista Miguel Dr, La Canada
5045 Alta Canyada Rd, La Canada – Highest Priced Home Sold June 2020
4713 Vineta Ave, La Canada Flintridge – Highest Priced Home Sold March 2020
4365 Encinas Dr, La Canada
39% of La Canada Home Sales Under $1M
24% of La Canada Homes Purchased with Cash
2015 La Canada Real Estate Values
1237 Olive Lane, La Canada – Just Listed
La Canada Luxury Real Estate Sales
La Canada Real Estate Update July 2020
La Canada Luxury Home
Video 555 Meadow Grove La Canada Flintridge

3 thoughts on “Housing Market for La Canada August 2021

  1. Steve says:

    I keep reading that the market is beginning to cool. That sure doesn’t seem to be the case her

  2. Mark says:

    It’s pretty crazy, homes that previously sat on the market are now selling over asking price. Like 4959 Commonwealth for example. So wild!

    1. Phyllis S Harb says:

      It is indeed crazy

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