August 2021 Housing Market La Canada Flintridge:
Last month, August 2021, more than half the La Canada homes sold for over $2,000,000. Twenty-five homes sold over their asking price, and just four for less.
Only one La Canada home had a price reduction.
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.
Note that the days on market (dom) are the lowest for the year. The selling price to list price ratio is the highest year to date.
I keep reading that the market is beginning to cool. That sure doesn’t seem to be the case her
It’s pretty crazy, homes that previously sat on the market are now selling over asking price. Like 4959 Commonwealth for example. So wild!
It is indeed crazy