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 October 2024. Last month, nineteen homes closed escrow. Out of the recent home sales, eleven properties sold above the asking price, while two sold exactly at the asking price, and six went below. Notably, a four-bedroom, five-bathroom home at 831 Salisbury sold for $558.53 per square foot. Meanwhile, a three-bedroom, two-bathroom home at 507 Knight Way achieved a remarkable $1,405.33 per square foot.
The least expensive home sold in La Canada was the three-bedroom, two-bathroom, 1,410-square-foot home at 1525 Verdugo Blvd. It was initially listed for $1,475,000 and sold for $1,450,000 in five days. Nine homes sold under two million. Three sold between two and three million. Four sold between three and four million. Two sold between four and five million. The most expensive home sold was a six-bedroom, six-bathroom, 7,106-square-foot home at 901 Berkshire Ave. It was initially listed for $6,395,000 and sold for $6,200,000 in five days.
A three-bedroom, two-bath home on Walmar is listed at $2,950,000. It sold $475,000 over the asking price.
The La Canada real estate market for October 2024 highly favors home sellers. Homes are selling quickly. The absorption rate indicates low inventory. Six homes sold in thirteen days or less. There were no off-market sales.
