Let’s take a look at the La Canada Housing Market for July 2022. The market is slightly shifting. The absorption rate is inching up. Days on market have increased. The biggest takeaway is that for the first time this year, the average sales price to list is less than 100%.
The least expensive sale was a three-bedroom, two-bathroom, 1,577 square foot home located at 1975 Hilldale Dr. Originally listed for $1,449,000, it sold for $1,510,000 in forty-one days. The most expensive La Canada home was purchased by celebrity Mario Lopez. He purchased a six-bedroom, nine-bathroom, 9,282, square foot home located at 4235 Woodleigh Lane. It sold for $9,365,000 while originally listed for $9,980,000.
The average price per square foot ranged from $493.89 for a 4,252 square foot home in the Canyon. The highest price per square foot was three-bedroom, three-bathroom 1,675 square foot home in the Sagebrush neighborhood.
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