Let’s take a close look at La Canada Home Sales, August 2018
Last month, there were twenty La Canada home sales. The least expensive sale was $910,000 for a two-bedroom, two-bath, 1,444-square-foot home on Rockland Place. The most expensive home sold for $5,870,000 was a six-bedroom, six-bath, 7,394 sq ft home on Oakwood Ave.
In August, La Canada’s real estate market showed signs of balance. Six homes faced price reductions, signaling a stabilizing market. The absorption rate climbed to 2.95%, up from last month’s 2.15%. However, the past three months tell a clear story. Selling La Canada homes now takes longer. Days on the market (DOM) hover near two months, a noticeable shift.
Meanwhile, the median home price paints a vivid picture. Half of La Canada’s listings fetch over $1,740,000. The other half sell for less. This split highlights the market’s diversity, from charming family homes to sprawling luxury estates. Buyers eagerly seek La Canada’s top-rated schools and serene neighborhoods. Yet, sellers must adapt. Strategic pricing and robust marketing, like virtual tours and professional staging, spark buyer interest. As the market steadies, patience and precision unlock the best outcomes. Now beckons the time to navigate La Canada’s evolving real estate landscape with confidence!
Don’t miss our new La Canada listing located at 1929 Lyans Drive, La Canada. We will be open Saturday and Sunday from 2-4 PM.
