La Canada Housing Market Update March 2018: The La Canada housing market saw a surge in activity last month. A total of fifteen homes closed escrow, more than doubling the previous month’s seven sales. This increase highlighted growing demand in the area. Buyers remained eager to secure properties in this highly sought-after community.
Harb and Co. has been analyzing real estate trends for over a decade. Their market insights reveal a compelling story. The average price per square foot in La Canada hit its lowest point in 2011. Since then, the market has rebounded dramatically. Today, prices are at record highs, reflecting strong demand and limited inventory.
La Canada Housing Market Update March 2018 Recap:
Home prices spanned a wide range. On the lower end, the least expensive sale was a charming two-bedroom, two-bath home on Milmada Dr. It sold for $1,100,000. This property attracted attention for its cozy layout and desirable location. On the opposite end of the spectrum, the highest sale commanded a significant price. An 8,100-square-foot estate on Commonwealth Ave. sold for $5,371,250. This luxurious residence showcased grand living spaces, elegant finishes, and a prime location, justifying its top-dollar value.
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