Harb and Co. love to crunch the real estate numbers. La Canada housing market February 2020:
Last month, there were thirteen La Canada home sales.
The least expensive sale was 965,000 for a three-bedroom, two-bath, 1,420-square-foot home at 4909 Ocean View Blvd. This home was initially listed for $915,000 and sold for $50,000 over the asking price. The most expensive La Canada home sale was at $3,925,000 for a three bedroom, three bath, 4,0461 square foot home at 399 Flintridge Oaks Dr. , $270,000 less than the asking price.
The average days on the market (DOM) in La Canada have dropped to more typical levels. In January, the average stretched to nearly three months, an unusually high figure. This spike likely resulted from a few long escrows. Many La Canada home sellers may simply prefer not to move during the holidays.
At 2138 Cross Street, a three-bedroom, three-bath home in the Sagebrush neighborhood sold for $471,000 over the original asking price. Competition for homes like this is intense. In these situations, a buyer’s Realtor must take the time to view the property. Accurately determining the right offer to win the bid becomes incredibly challenging.
Two of the thirteen homes sold last month in La Canada experienced price reductions before selling. Seven homes sold over their original list price. One sold at the original asking price. Five homes sold for less than the asking price.
Related Post: 399 Flintridge Oaks La Canada closed
