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La Canada Home Values up 17%!

La Canada Detailed Stats copyScreen Shot 2013-10-04 at 4.45.26 PMLa Canada September Sold Homes

La Canada infographic Home Stats August 2013-1

While the number of homes sold hasn’t changed comparing September 2012 vs. September 2013 – the average price per square foot of La Canada home values are up 17%.  Last year the average price per sq ft of standard sales was $435.05,   days on the market was longer at 77, and the average selling price was more than $200,000 lower – $1,201,746.   Last year’s absorption rate of 2.7 is similar to this year’s.

The other significant impact is the lack of distress sales (foreclosures and short sales).  Last September, 25% of La Canada home sales were foreclosures or short sales.  This year it’s just 5% of the market.

Related Post: La Canada Home of the Week


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