The number of La Canada home sales decreased in August. Although the absorption rate indicates an extremely strong seller’s market, it increased from last month (still strong seller’s market, just not as strong).
19% of La Canada...
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 ...
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.
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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...
Each community has a different price point for luxury real estate, in La Canada generally anything $2,000,000 and higher is considered luxury real estate
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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...
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...
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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Here's the back story about our newest listing at 4230 Whitsett Avenue Unit 6. David Anderson (aka Austin) was raised in a small town outside Minneapolis, Minnesota. At an early age, he was inspired to be a filmmaker by the legacy of his gr...
The big real estate news is that home buyers might see more homes coming on the market in the next four years. Many homeowners with equity lines are going to see their monthly payments triple. For years, many with equity lines were paying �...