As a top real estate agent in La Canada, I strive to keep informed about current market conditions. Let’s dissect the La Canada Real Estate for May 2024. Last month, seventeen homes closed escrow—fourteen sales sold over the asking price and three below asking. A four-bedroom and four-bathroom home at 4525 Palm Dr, sold for $857.63 per foot. A three-bedroom and two-bathroom at 4709 Alta Canyada Rd. sold for $1,262.46 per foot.
The least expensive home sold in La Canada was the three-bedroom, one-bathroom, 1,152-square-foot home at 1308 Salisbury Rd. It was initially listed for $1,150,000 and sold over asking for $1,315,000 in eight days. The most expensive home sold was a five-bedroom, eight-bathroom, 7,327-square-foot home located at 4245 Chula Senda Ln. It was initially listed for $8,990,000 in June 2023 and sold for $7,850,000 to Dodger’s favorite Shohei Ohtani.
That’s a wrap for the La Canada Real Estate for May 2024.
According to Realtor.com, nearly all of the fifty million mortgages in the United States are fixed-rate loans. Almost two-thirds of these have an interest rate under 4%. That’s a massive incentive for these homeowners to remain in their homes.
