Spring home buying season has ended but La Canada home sales are still going strong. The 2.17 absorption rate indicates that there are just two months of inventory available which reflects a very strong seller’s market. And note th...
Last month the most expensive La Canada home sale was 4407 Shepherds Lane. The home was rebuilt in 2015 leaving only one original wall. This 5 bedroom, 5 bath luxury home sold for in 31 days for $3,275.00 – 99% of asking price. The home i...
The increased number of home sales impacts La Canada real estate values. The absorption rate reflects supply and demand. Last month’s absorption rate was the lowest for the year.
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If you are a La Canada home buyer, you are painfully aware of the increase in La Canada real estate values. Although May’s median value is down from its March high, its $236,500 higher than in January. The average La Canada home is selling ...
La Canada luxury home sales
Last month (May, 2015) the most expensive La Canada luxury home sale was 4262 Oakwood Ave., 91011
Stats: 6 bedrooms + 6 baths, built in 1993, 5214 sq. ft., on over ½ acre. The home was on the marker for 44 days ...
The number of La Canada home sales has picked up and sadly (for home buyers) the absorption rate is down. The percentage of U.S. residents who own their homes is at the lowest point it has been for more than 20 years, according to a report from...
Luxury real estate sales are surging. As reported in the Wall Street Journal: four years ago, a Russian billionaire became the first person known to pay the unheard-of price of $100 million for a single-family home in the U.S. While breaking ...
How is the La Canada real estate market? Well if you ask La Canada home sellers, the market is great. But on the flip side, just ten lucky La Canada buyers were able to close escrow on their La Canada dream home last month. The average p...
Luxury real estate in La Canada is doing well. Last month there were two high end real estate sales:
1313 Descanso Drive, La Canada sold for $4,250,000 3/31/15
5 + 6, ½+ acre, 5700+ sq. ft.
348 Blythe Rd., La Canada sold for $4,50...
Before we take a look at La Canada’s February real estate market stats, let’s examine what median selling price means. Median means "in the middle”, the median price is the midway point. The median selling price means that half of the h...