Thursday, January 24, 2013

La Canada Real Estate Market-December 2012

-22 homes in La Canada sold in December
-6 properties sold under $1,000,000
-11 homes sold in the $1,000,000 - $2,000,000 range
-5 homes sold over $2,000,000
The lowest sales price in December 2012 was 2232 Cross Street. This home is located in the Sagebrush area and is not part of the La Canada school district. This home was a trust sale that needed updating. It sold for $617,500 at $506.56/sq ft.
The highest sales price in December 2012 was 4385 Commonwealth Ave. This was also the most expensive sale of 2012. It sold for $7,400,000 at $693.92/sq ft.

Out of the 22 homes that sold in December, the average sales price was $1,648,877.
The average price per square foot was $500.59. 
The average DOM was 70 days. 
Selling to list price % was 97%.
The only short sale last month was 4849-1/2 Ocean View Blvd. The home sold for $655,000 at $367.15/sq ft. This home was on the market 137 days.
The only REO last month was 4849 Alta Canyada Road. The home sold for $718,000 at $345.19/sq ft. This home was on the market 160 days.

If you are a buyer be aware that homes are selling in multiple offers and this means you must be preapproved and ready to write an offer once you find a home you love. Be ready to act fast or the buyer behind you will beat you to it. Sellers, if you had difficulty selling your home last year, this is the perfect time to sell. Inventory is low and there is a high demand of buyers waiting to buy your home. Homes are selling over asking price and in multiple offers. 

If you would like more information about the La Canada real estate market call me at (818) 371-3018 or email me at

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