Let’s compare the real estate market in La Canada from January 2025 to January 2024. Last month, nine homes sold, triple from Three times the amount sold the previous year. Of the recent home sales, five properties sold above the asking price and four below. The price per square foot, average sales price, and median price are all higher than last year. Although the days on the market increased, fire and evacuations may have also impacted them.
The number of days on the market ranged from fifteen to one hundred and one.
Notably, a five-bedroom, eight-bathroom home at 720 Forest Green Dr. sold for $821.63 per square foot. This was also the most expensive home sold in January 2025. Initially listed in 2022 for $7,995,000, it was taken off the market and relisted several times before eventually selling for $5,850,000. Meanwhile, a four-bedroom, four-bathroom home at 2016 Tondolea Lane achieved a remarkable $1,275.08 per square foot.
Last month’s least expensive home sold in La Canada was a three-bedroom, two-bathroom, 1,466-square-foot home at 1364 Green Lane. It was initially listed for $1,983,000 and took over three months to sell for $1,865,000.
That’s a wrap on the La Canada Real Estate Market in January 2025.
