While short sales and foreclosure have dwindled, the cash buyer continues to have an impact on home sales in La Canada. In June 2013, the average La Canada home sold for $538 per square foot and the average selling price was $1,509,001...
Each community has a different price point for luxury real estate. In La Canada, generally, anything $3,000,000 and higher is considered luxury real estate.
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The La Canada move-up buyer is back, 39% of last month’s La Canada home sales were under one million dollars The absorption rate of less than 2% indicates a very strong seller’s market.
Cash sales continue to play an integral part in t...
Last March (2013), the average La Canada home sold in 46 days at $521.21 per square foot. The average selling price was $1,433,654; 27% of the sales were to cash buyers. In March 2014, cash sales were less impacted – just 15% of the La Canada...
Take a quick look at where La Canada real estate values February 2014. Year-over-year comparison:
February 2013:
The average price per sq ft of La Canada homes was $455.41
The average home was selling/closing in 121 days
The avera...
It’s a competitive real estate market for La Canada home buyers. The average La Canada home is selling for 3% over asking price and nearly 1/3 of La Canada home buyers are purchasing their piece of La Canada real estate for cash! Th...
The sale of La Canada luxury homes has nearly doubled from last year. Both the average selling price and average price per square foot of luxury La Canada home sales have substantially increased. But even better news for these high-end La C...
La Canada real estate values have increased 22% from last year. Cash buyers continue to play a major role in La Canada real estate sales. Cash transactions comprised 17% of last month’s home sales.
Let’s see how La Canada re...
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, ...