Last month (June 2017), the most expensive La Canada luxury home sale was at 4158 Commonwealth Ave. The home was listed at $10,495,000 last year, gradually reducing to $7,950,000 before selling for $6,300,800 to a cash buyer last month. The seller purchased the home in 2012 for $6,788,888 at the time the home was on the market for 408 days. Note to luxury home sellers: Grossly overpricing your home results in a lower selling price.
I saw this home on the La Canada broker caravan, and it was very, very ornate and frankly a little beat up. The park-like grounds were lovely, but I prefer a level backyard to meandering paths and ornate gardens.
Marketing for this La Canada Luxury Real Estate Sale: