Here is a look at the La Canada Real Estate September 2022. Just thirteen homes sold. Five La Canada sales sold over the asking price, two at asking and six less than asking. The least expensive La Canada home sale was a three-bedroom, three-bathroom, 3,039 square-foot home located at 3805 Hampstead Rd. This home sold for the asking price of $1,695,000. The most expensive home sold was a five-bedroom, six-bathroom, 5,568 square-foot home located at 4402 Wasatch Dr. This luxury home was initially listed for $4,999,888 and sold for $4,970,000 in just seven days.
Takeaways from the La Canada Real Estate September 2022. The absorption rate still indicates it continues to be a seller’s market. However, fewer La Canada sellers are listing their home for sale. Therefore, we have the age-old supply and demand issue. Most homes are selling over asking price and are selling quickly. Buyers must be prepared to move fast if they want to purchase a La Canada home. Now that everyone is settled back into the school routine, we will see how La Canada Winter sales continue.
You can relate this market to Musical Chairs: There are ten chairs and fifteen buyers. One chair was just removed.
Related Post: 4402 Wasatich La Canada luxury home sale
These increasing interest rates certainly seem to be cooling things down.