La Canada Real Estate Market Insights: January 2018
When I meet with local home sellers, the conversation often turns to La Canada home statistics and real estate values. Sellers want to understand the current market landscape and how it may impact their property’s value. Last month, the median selling price for La Canada homes was $2,275,000. This figure means that half of the homes sold for less than this amount, while the other half sold for more. It reflects the strong demand and premium values typical in this desirable community.
La Canada home values displayed a wide range in January. On the lower end, a four-bedroom, two-bathroom home spanning 1,913 square feet sold for $1,058,000. This sale represented an excellent opportunity for buyers seeking entry into the area. Despite its smaller size, the home attracted attention for its prime location and potential for growth. On the other hand, the highest sale reached $5,875,000. This luxurious estate, located at 612 Berkshire Ave, featured six bedrooms and seven bathrooms. Its grand scale and elegant design made it a standout in the market. Buyers were drawn to its expansive living spaces, top-of-the-line finishes, and prestigious address. These statistics highlight the diverse range of properties available in La Canada. The community attracts buyers willing to invest in its charm and exclusivity, whether modest family homes or sprawling estates. For local sellers, understanding these values provides insight into market positioning and potential returns.
La Canada Real Estate Values January 2018 Recap
Comparing La Canada home statistics and real estate values to January 2017: Average price per square foot $623 / average sales price $2,173,404 / median selling price $2,375,000 / absorption rate 2.83%. It continues to be a great time to sell your La Canada home.
Call Phyllis to learn more about La Canada home sales and values – 818-790-7325.
