As a La Canada real estate expert, I dissect the housing numbers each month. Let’s dive into the La Canada housing market for December 2022:
The selling price to list price ratio is the lowest for the year. The absorption rate remains low. However, this is typical this time of year as most La Canada home sellers don’t list their home near the holidays.
When examining the La Canada housing market for December 2022, it’s interesting to note the price per square foot variance. The average price per square foot ranged from a low of $538.94 for a 6,469 square foot home on Chevy Chase. The highest price per square foot was for a 2,156-square-foot home on a 15,386-square-foot lot. It is located on Descanso and sold for $1,113.17 per square foot.
We closed our La Canada listing on Salisbury last month as well. The least expensive home sold in December 2022 in La Canada was a two-bedroom, two-bathroom, 1,954-square-foot home located at 1240 Journeys End Dr. This home was initially listed for $1,299,000 and sold for $1,210,000 in thirty days. The most expensive home sold was a five-bedroom, six-bathroom, 9,664-square-foot home located at 4033 Alta Vista Dr. Originally listed for $10,995,000 in September 2022 and eventually selling for $9,910,340.
