As a top real estate agent in La Canada, I strive to keep informed about current market conditions. Let’s dissect La Canada Real Estate for December 2024. Last month, only seven homes closed escrow. Of the recent home sales, three properties sold above the asking price and four below. An eight-bedroom, eight-bathroom home at 603 Chatham Place sold for $695.28 per square foot. This home happens to be the most expensive home sold in La Canada in December 2024. Listed for $4,998,000, this home sold in nearly three months for $4,650,000.
Meanwhile, a three-bedroom, two-bathroom home at 4623 Viro Road sold for a remarkable $1,166.76 per square foot.
The least expensive home sold in La Canada was the three-bedroom, two-bathroom, 1,692-square-foot home at 14526 Leata Lane. It was initially listed for $1,690,000 on July 8, 2024. After two price reductions, this home eventually sold for $1,370,000.
The December absorption rate was the lowest year to date. Of course, this makes sense, as most La Canada home sellers wait until after the holidays to list their homes for sale. The number of days on the market ranged from 123 days for a home on Forest Hill to just 2 days for a home on Jarvis. This four-bedroom, four-bath home was listed for $2,999,000 and sold for $3,450,000. As so many lost homes, expect La Canada home values to increase—it’s simply supply and demand.
