Real Estate Market stats
Nearly 50% of Pasadena Home Sales were Purchased with Cash
80 Pasadena homes closed escrow last month and 36 sold to cash buyers – 45% of Pasadena home sales sold for cash. Shocking! A lot of this is foreign money – Frightening! As the average selling price continues to climb, inventory remai...
Glendale Real Estate Values Continue to Climb
Last April, 51 Glendale homes sold; the absorption rate was 2.45%. In April 2014, only 44 homes sold (due to a shortage of listing inventory), the absorption rate of 1.57% indicates an even stronger home sellers market. Last April the aver...
La Crescenta Real Estate Values Up 15% from last year
Last April: 33 La Crescenta homes closed escrow The average price per sq ft was $366.46 and the average selling price was $682,249 12% were short sales (this year just .5% of La Crescenta homes were distress sales (REO’s no short s...
39% Of La Canada home sales were under one million dollars
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...
La Crescenta Real Estate Values up 26%
The average price per sq ft of La Crescenta homes sold has increased 26% since last year (comparing March 2014, vs. March 2013). Last year the average La Crescenta home sold for $622,511 versus this year’s $711,216. Last year short ...
The Average Price Per Sq Ft of Homes Sold in La Canada Continues its Climb
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...
La Canada Real Estate Values
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...
20% of Glendale Homes Sales Were Cash!
A small (660 sq ft) Glendale home sold at $642 a foot which skewed most of Glendale’s numbers. The absorption rate is the highest it’s been in the last fourteen months. An absorption rate of under 5.0% reflects a very strong seller’s...
