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La Canada Housing Market October 2020

Are you curious about the La Canada Housing Market in October 2020? You have come to the right blog!

Last month, the least expensive La Canada sale was a three-bedroom, three-bath, 1,737-square-foot home at 5267 Gould Ave. It was initially listed for $949,000 and sold over, asking for $1,188,000.  The most expensive home in La Canada was a seven-bedroom, twelve-bath, 12,113, square-foot home located at 4033 Chevy Chase Dr. It sold for $7,307,625.

Twenty-nine La Canada homes closed last month. Fourteen of these homes were sold for over the asking price, three at the asking price, and twelve under the list price.

La Canada Housing Market October 2020

The median selling price is over $2,000,000.  This reflects that one half the La Canada homes sold for more than two million and one half for less.  The absorption rate of less than 2% continues to indicate a very strong seller’s market. Note that the number of sales is higher in the summer and fall than during peak Spring selling season. COVID has turned everything topsy turvy.

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