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Pasadena Real Estate Values, September 2014

82 Pasadena homes closed in September.  Days on market (DOM) increased – taking a bit longer to sell.  30% of Pasadena home sales closed with cash.  Short sales and foreclosures while slightly increased continue to have little impact on ...

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La Crescenta Luxury Home Sales and Listings

La Crescenta Luxury Home Sales and Listings

There have been three La Crescenta luxury home sales this year for over $1,500,000.   Last month, 5230 Briggs Ave. was sold for $1,560,000.  The asking price was $1,599,000.  This La Crescenta home was recently remodeled and sited on over...

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La Crescenta Selling Prices at all year high 1

La Crescenta Selling Prices at all year high

There were 20 home sales in La Crescenta in July, showing the average price per square foot at $423.69.  The average sales price has increased substantially as well. January $638,593 February $694,238 March $711,216 April $769,260 May ...

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Glendale July 2014 Luxury Real Estate Sales 2

Glendale July 2014 Luxury Real Estate Sales

Each community has a different price point for luxury real estate, in Glendale generally anything $1,500,000 and higher is considered luxury real estate.  Last month there was one luxury real estate sale in Glendale.   &nbs...

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24% Of La Canada Homes Are Purchased With Cash 1

24% Of La Canada Homes Are Purchased With Cash

No new trends in La Canada real estate: distress sales (foreclosures and short sales) continue to have little impact on the current La Canada real estate market and cash buyers continue to play a key role.  Last July the average La Canada h...

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30% of La Canada Home Sales are Purchased with Cash 3

30% of La Canada Home Sales are Purchased with Cash

While short sales and foreclosure have dwindled, the cash buyer continues to have an impact on home sales in La Canada.  In June 2013, the average La Canada home sold for $538 per square foot and the average selling price was $1,509,001...

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20% of Glendale Homes Sales Were Cash! 2

20% of Glendale Homes Sales Were Cash!

A small (660 sq ft) Glendale home sold at $642 a foot which skewed most of Glendale’s numbers. The absorption  rate is the highest it’s been in the last fourteen months. An absorption rate of under 5.0% reflects a very strong seller’s...

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Cities Where Residents Never Want to Leave

Cities Where Residents Never Want to Leave

There are cities where residents never want to leave. However, they often outgrow the existing housing stock, and new neighborhoods and communities need to be carved out.   Less than twenty years ago, La Crescenta needed more affluen...

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