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La Canada December 2015 Real Estate Sales 1

La Crescenta November 2015 Real Estate Sales

It's no surprise to La Crescenta home buyers that inventory has been tight all year - 2 or less months supply which reflects a very unbalanced seller's real estate market. In looking at our chart, you can see that the La Crescenta real esta...

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La Canada December 2015 Real Estate Sales 1

Glendale November 2015 Home Sales

Last month (November 2015), there were just 28 Glendale home sales.  Typically, sales slowdown for the holidays, so there’s no cause for alarm. Few people list their home this time of year but those who did sold on average for $478 per squar...

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La Crescenta Luxury Home Sales

Last month the most expensive La Crescenta luxury real estate sale was 2755 Stevens Street.  This 4 bedroom, 3 bath home is just over 2700 square feet on a 8800+ square foot lot. This luxury home sold for $50,000 over asking price.  The sell...

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La Canada December 2015 Real Estate Sales 1

La Canada November 2015 Home Sales

Last month, (November 2015) there were just 19 La Canada home sales. In looking at our chart, you can see that  the La Canada real estate market is fueled by the La Canada school calendar. The bulk of this community’s closings occur in Ju...

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Top New Year's Resolutions for 2016 1

Top New Year’s Resolutions for 2016

The point of making a New Year’s Resolution is to improve yourself and or your lifestyle. On average, it takes more than two months before a new behavior becomes automatic -- 66 days to be exact. For those making resolutions in 2016, understa...

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La Canada December 2015 Real Estate Sales 1

Glendale luxury real estate sales

Last month (November 2015) the most expensive Glendale luxury real estate sale was 1735 Las Flores Drive. This 4 bedroom, 4 bath home is nearly 4,000 square feet sited on over ½ acre. This 1920’s Spanish was on the market for four months and...

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La Canada December 2015 Real Estate Sales 1

Pasadena Real Estate Sales

Last month, November there were 56 Pasadena real estate sales.  Most Pasadena homes are selling quickly near (or over asking price). The absorption rate of 2.72% indicates a very strong seller's market - less than three months of inventory. �...

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The Pitfalls of Seller Financing 1

The Pitfalls of Seller Financing

Seller financing is also referred to as a seller carry back. Likely due to my banking background I believe there are many pitfalls to seller financing. As interest rates are cyclical, the benefits of seller financing increase when rates are ...

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