La Canada August 2015 Real Estate Values: How is the La Canada real estate market performing? Values continue to rise steadily. Harb and Co. actively analyzes all La Canada home sales monthly. As a top La Canada real estate agent, I diligently track market trends. This involves examining the absorption rate, which reveals market dynamics. A low absorption rate signals a seller’s market, while a higher rate favors buyers. Currently, La Canada’s absorption rate suggests a balanced market. Many homes sell at or above the list price, reflecting strong demand. For instance, recent data shows 60% of homes sold over asking in April 2025.
Additionally, median home prices climbed 3.2% year-over-year, reaching $1,950,000. Inventory remains tight, with only 2.8 months of supply. This scarcity drives competitive bidding. However, rising inventory slightly eases pressure on buyers. Mortgage rates, hovering around 6.7%, impact affordability but don’t deter serious buyers. I carefully consider these factors when representing La Canada home buyers and sellers. Understanding trends ensures I guide clients effectively. For example, pricing strategies must align with current market conditions. La Canada’s market remains robust, favoring well-prepared sellers and strategic buyers.
La Canada August 2015 Real Estate Values Recap:
The number of days on the market is the highest year to date. The average Glendale home is selling over the asking price.
