Luxury real estate sales are surging. As reported in the Wall Street Journal: four years ago, a Russian billionaire became the first person known to pay the unheard-of price of $100 million for a single-family home in the U.S. While breaking ...
How is the La Canada real estate market? Well if you ask La Canada home sellers, the market is great. But on the flip side, just ten lucky La Canada buyers were able to close escrow on their La Canada dream home last month. The average p...
Luxury real estate in La Canada is doing well. Last month there were two high end real estate sales:
1313 Descanso Drive, La Canada sold for $4,250,000 3/31/15
5 + 6, ½+ acre, 5700+ sq. ft.
348 Blythe Rd., La Canada sold for $4,50...
Before we take a look at La Canada’s February real estate market stats, let’s examine what median selling price means. Median means "in the middle”, the median price is the midway point. The median selling price means that half of the h...
Last month’s (February 2015) most expensive La Canada home sale was 3996 Chevy Chase Drive. This 5 bedroom, 6 bath estate is over, 7,000 square feet on an acre. The home was built in 2002 and sold for $4,305,000. The home previously sold ...
Although there has been some play in La Canada listing prices (negotiating room) luxury real estate is doing well in La Canada. Last month (January 2015) there were two, $3,000,000+
La Canada home sales:
756 Greenridge Dr., La Canada’s Co...
Last year the average La Canada home was selling faster and over asking price. Last year’s absorption rate indicated a stronger seller’s market. But this year the average selling price and price per square foot is higher for La Canada r...
La Canada real estate values continue their upward trend. Year over year comparison: Although the average La Canada home is taking longer to sell (DOM) the number of homes sold increased, average price per foot increased, average La Canada ...
Last month (December, 2014), there was just one $3,000,000+ luxury real estate sale in La Canada:
5063 Oakwood Ave., La Canada
6+6, 6307 sq. ft., 17,808 lot, built: 2006
Listed $3,980,000 and sold within 42 days $3,950,000 – 99.25% of a...
Last month (November 2014) 20% of La Canada real estate sales were sold to cash buyers. Only 15 La Canada homes sold last month.
Seven out of the last eleven months saw the average La Canada home selling for over asking price. Last month’s p...