Let’s examine the La Canada real estate market update for February 2022. The inventory in La Canada remains sparse. Last month, February 2022, just seven homes were sold—four of the seven La Canada sales sold over the asking price. Three sold less than asking. None had price reductions before selling.
The least expensive home sold was 4824 La Canada Blvd., a three-bedroom, two-bathroom, 1,224-square-foot home for $1,453,366, initially listed at $1,288,000.
The most expensive La Canada home sale was 5350 Harter Ln., a five-bedroom, eight-bathroom, 9,173 square foot home. It sold for $7,200,000.
The average price per square foot ranged from a low of $558.90 for a 6,185 square foot home on Normandy in the Canyon. The highest price per square foot was $1,187.39 for a 1,224-square-foot home on La Canada Blvd.
Boy seems like first time buyers are still going to have a rough time with no end in sight