La Canada November 2015 Home Sales: There were just 19 La Canada home sales last month. Our chart shows that the La Canada real estate market is fueled by the school calendar. The bulk of this community’s closings occur in June, July, and August. Factor in that the average home sells in 50 days, and the average selling price is about $1.9 m. This reflects that the La Canada move-up market is hot and heavy during the spring and summer.
La Canada November 2015 Home Sales Recap:
While more than 85% of markets have burdensome rents today, it’s perplexing that in more than 75% of the counties across the country, it is cheaper to buy than rent a home. So why aren’t those unhappy renters choosing to buy? Unfortunately, with obstacles such as credit score and down-payment requirements, it’s still too difficult for many aspiring buyers to fulfill that dream.
