La Canada Real Estate Market Statistics May 2018
Last month, there were twenty-four La Canada home sales. The least expensive sale in May 2018 was a charming two-bedroom, two-bath home on Verdugo Blvd. It sold for $890,000. Buyers looking for entry into the La Canada market found it appealing. On the other end of the spectrum, the most expensive sale was truly remarkable. A breathtaking 9,227-square-foot estate on Berkshire sold for an impressive $11,000,000. This grand residence was not just any property but a former Pasadena Showcase Home. Its luxurious design, sprawling layout, and historical significance made it a standout in the marketplace.
These two sales highlighted the diverse range of properties available in the area. From cozy starter homes to expansive luxury estates, La Canada offered options for various buyers.
La Canada Real Estate Market Statistics May 2018 Recap:
The low absorption rate of 2.6% indicates an extremely strong seller’s market. Buyers in the Foothills continue to be overbid in multiple offer situations. The competition for home buyers in the Foothills of La Canada and La Crescenta is fierce.
We have a new La Canada listing at 4857 Commonwealth Ave,. We will be open this weekend, or you can watch our real estate video here
