Last month I sold the most expensive home in La Canada in February 2019: 1929 Lyans Drive. This home sold for $2,850,000. The sellers purchased this newly constructed La Canada estate fourteen years ago for $2,450.000.
MLS Remarks from My Listing:
Imagine yourself surrounded by family & friends. Your home should welcome them! These spacious rooms are arranged to accommodate both family life & entertaining easily. Interior spaces are perfectly proportioned, each room flowing gracefully from one to another & providing an air of casual elegance. An arched double-door entry opens to a rotunda & welcomes you to this five-bedroom, six-bath home. The elegant living room is enhanced by a bay window and a wood-burning stone fireplace & boasts over twelve-foot ceilings. Cooking will be a pleasure in this kitchen, equipped with a wood butcher block island, prep sink, Viking double oven range, Miele dishwasher, warming oven, & pot filler.
There is a comfortable breakfast nook with a bay window & French doors opening to patios & back yard. A wood-burning fireplace also warms the sun-filled family room & opens to the backyard. Unwind in this master retreat boasting a 16 ft. vaulted ceiling and dual walk-in custom closets. The spa-like bathroom includes a steam shower, Jacuzzi tub & double sinks. The entertainment level offers many options & is complete with a full bath, storage room & 80-inch flat panel wall-mounted TV. There is a control room for TV, internet, amplifier & speakers. Award-winning La Canada schools.
MLS Remarks Read from Previous Listing:
Old world french country meets 2005! Brand new construction – La Canada school district. This house will knock your socks off! House was measured by third party at 5,034 sqft. which inc. a 1165 sqft. finished basement/media /game room with 9 1/2 foot ceilings & a 3/4 bath. This home is light & airy, the natural earth tones complement the French style. Other features inc. 5 bedrooms 6 bathrooms inc. Master suite with steam shower & Jacuzzi tub, 2 frpl, gourmet kitchen-Viking-Bosch-GE, Oak hard wood floors on main level, stairs and upstairs hallway. French doors, archways, crown molding, solid core doors, natural stones and granite, oil rubbed hardware and high ceilings add to the finishing touches. Closets professionally designed by House of Closets. Also inc. Lg Laundry rm w/laundry chute,
“The spike in mortgage interest rates last fall chilled buyer activity and led to a slowdown in home sales and price growth. Fixed-rate mortgage rates have dropped 0.6 percentage points since November 2018 and today are lower than they were a year ago. With interest rates at this level, we expect a solid home-buying season this spring.” – Frank Nothaft, Chief Economist for CoreLogic
I think for California at least the slow down is more about the new tax rules than mortgage rates. The 10000 dollar cap for loan interest and real estate taxes is a killer in states like ours