It’s the same story; buyers are clamoring for listing inventory. Anyone with a home with an incurable defect should consider selling now. Los Angeles home buyers are desperate. Let’s take a look at the La Canada Housing Market in June 2021:
The price per square foot is the highest for the year. Absorption rate and days on the market are the lowest. The average La Canada home is selling over the asking price. Last month, June 2021, only six homes were sold for less than the asking price. Another six sold at the asking price. Twenty-four La Canada homes sold over asking. 3900 Chevy Chase Drive was listed at $1,795,000 and sold for $2,255,000, that’s $460,000 over the list price!
What’s a La Canada buyer to do? Waiving appraisal contingencies is now the norm. Our listing at 2204 Fairhurst Avenue in La Canada has had non-stop showings and multiple offers. We are working on another La Canada fixer – details to follow.
Related Post: 5139 Jarvis La Canada Closed
