La Canada Home Values September 2017
Last month, La Canada home values showcased a strong market. Prices ranged from $815,000 for a charming three-bedroom, two-bath home to $3,250,000 for an elegant six-bedroom estate. Half of the homes sold for over $1,850,000, while the other half sold for less. Notably, twelve properties closed above the $2,000,000 mark, highlighting strong demand for luxury homes.
Homes in La Canada continued to sell quickly. Many received multiple offers, often going above the asking price. The number of closed sales remained steady, reflecting a balanced yet competitive market.
La Canada Home Values September 2017 Market Recap: The absorption rate remained low, with just over one month’s supply of available inventory. This tight supply heavily favored sellers, giving them the advantage in negotiations. On the other hand, buyers faced fierce competition, especially for well-priced properties. As a result, homes moved off the market swiftly, solidifying La Cañada’s status as a sought-after community.
