La Canada Real Estate

Open Houses in La Canada This Sunday

For MLS Version download here

For printable version download below:

Download 2.12.12

 

La Canada Market Activity This Week

We have 58 active listings in La Canada. 11 of them are new or re-fluffed after the holidays:

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1900 Parkdale is a good price per square foot. Parkdale is off of La Granada as it winds under the 2 on its way to Montrose. Starter neighborhood. 4210 La Tour is challenged by its proximity to the freeway. 1219 Olive is listed as a short sale but the Notice of Sale shows it going to auction on the 16th. It is possible that the date will be delayed. The original loan was $650,000. The minimum bid amount is $716,907 to cover losses from delinquent payments. 4617 Palm Drive is listed as a short sale. No NOD filed yet. Looks like $630,000 is owed. 4439 Alta Canyada is 2 doors above the freeway, below Foothill. 5407 Godbey last sold in 2003 for $610,000. 4620 Viro was on the market last fall for the same price. It last sold in 2005 for $1,160,000. 4823 Alminar last sold in 2007 for $1,284,000. 4275 Mesa Vista was on last year. It came on $50,000 lower this time and has multiple offers. 4420 Woodleigh has been off and on the market since 2010 when it was listed for $2,495,000. This time around it is very well-priced and also has multiple offers. 615 Berkshire was a pocket listing before the holidays and is now on the open market. It is known for the baseball diamond in the back yard. It is a beautiful home, though with only 3 bedrooms it will pull from a very small buyer pool.

4 homes went into escrow this week in La Canada:

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5320 Palm last sold in 2005 for $750,000. It is a short sale. There was an NOD filed in 2009, though no NOS or rescission. 1932 Hilldale is also a short sale. It last sold in 2002 for $467,000.. In 2007 the current owner refied it with a $712,500 first and a $142,000 second. Crazy times! 4942 Hillard, listed last week in the MLS is already in escrow (the listing agent had held it open several times before putting it on line). 1243 Flanders last sold in 2006 for $1,525,000. In 2010 it came on for $1,499,000 and did not sell. It was listed again 3 months ago for $1,395,000 and it is finally in escrow.

3 homes closed escrow this week in La Canada:

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4340 La Granada Way started at $599,000. Immediately upon closing the home was leased for $2600 per month. 745 Starlight Heights was bank-owned. The NOD was filed in July 2010. In March 2011 the lender bought it back at auction for $596,700. $740,000 was owed between 2 loans. 1489 Sugar Loaf was originally listed in August for $1,175,000. It had 2 big reductions before selling. The house has fabulous views.

The market is strong as many homes that sat on the market last year are selling quickly. While yes, they have all had price adjustments and that helps, buyers seem ready to buy. Inventory is so low! I do think the market is turning around, though I am sure not everyone would agree. I wrote a letter to the Editor of the Valley Sun about the article a few weeks ago, "La Canada market still  flailing." My point was that I don't understand why a reporter would go to an out-of-area agent for an expert opinion as opposed to using commentary from a local agent. I don't think I was mean or inappropriate with my comments. I did however get a hand-written note (flowery paper and delicate handwriting). The writer told me how disappointed she was with me for writing the letter and that since I am a Christian Mormon (let me clarify that: I married into a Mormon family, have not and will not convert)  and a Real Estate professional, she assumes I have called Keith Sorem and "offered him an expression of regret." Well, no actually I haven't. The real bummer is that she did not sign the letter, so if you are out there reading this blog, please call me to discuss! And I still totally disagree with Keith Sorem's opinion of our market...

Open Houses in La Canada This Sunday

Due to Superbowl...just two Open Houses this Sunday

Download MLS Version

Printable version link below:

Download 2-5-12

 

 

 

 

La Canada Market Activity This Week

We have 55 active listings in La Canada. 7 of them are new as of January 19. Must admit to sneaking in a quick trip to NYC and missed last week's blog.

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4607 Castle in Sagebrush seems well priced. 1901 La Granada is billed as a short sale yet no NOD on title yet. 628 Houseman was on last year and leased. Now it is on  as offer subject to inspection. It is currently leased for $4500 (according to the MLS). 4340 Bel Aire sits in a great location on a nice lot. Buyers stumble with fixers on the 50-foot lots as it is hard to imagine how much you can improve the lots. There are several houses on Beulah and Bel Aire (some of those built by my husband). As long as you work with the set-backs set forth by the city, you can remodel or build a very nice house (Greg is working on one on Beulah now). 4942 Hillard last sold in May for $837,000. It was 1841 square feet then and has been expanded. 5305 Harter is worth mentioning as it was last on in the fall of 2011 for $2,700,000. 870 St. Katherine is hard to track as it shows as expired in 2003 yet title shows it closing in 2004 for $3,200,000. Nice house with a great pool and views though off the beaten track if you have kids in schools and sports or other activities that require frequent trips to the center of town.

7 houses have opened escrow in La Canada in the last 2 weeks:

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5109 Alta Canyada was recently purchased at auction by the ShiroGroup for $381,600. You decide what the house is worth at this point. 4452 La Granada has been off and on since 2003. It is currently leased. 4848 Hampton sold immediately with multiple offers over the asking price. Great location for that price point. 1037 Lavender is one that has flown under the radar for the last year. It has been very hard to show (short sale). We can speculate that the listing agent sold it? Not sure...5343 Vista Lejana sold quickly after being listed again and became easy to show (note to sellers: if you want to sell your house agents need to be able to show it to their clients). 1814 Earlmont sits at the end of a private driveway. It is a flag lot yet feels totally different than most. 4158 Commonwealth is one of those houses that is hard to value given the decor, yet I hope it sells for anywhere near the asking price!

 6 houses have closed escrow in La Canada in the last two weeks:

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4344 La Granada Way last sold in 2003 for $473,000. 4930 Angeles Crest looks great on paper and in photos yet time on market proves location, location, location. 5224 Escalante took a while to sell and closed well under asking. 4518 Alta Canyada last sold in 2007 for the crazy price of $1,540,000. Don't get me wrong, it is a gorgeous house in a less than fabulous location close to Imports and 7-11. 434 Noren last sold in 2009 for $1,015,000 and has been updated and re-faced. Seller's were lucky in that most buyers want to see a huge change to justify the price increase. 5152 Castle is a biggy. Huge price for Sagebrush.

I've been busy the last week coming home from NY and working with our new Mr. Fabulous Jake:

 

He is great with the kids and cats though a bit timid with Greg and me. More next week on his emotional recovery! 

 

 

Open Houses in La Canada This Sunday

Download  MLS List of Open Houses

For printable list:  Download 1.29.12

Open Houses in La Canada This Sunday

For MLS version click here

For printable version click below:

Download 1.22.12

La Canada Market Activity This Week

We have 55 active listings in La Canada. 5 of them are new:

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4413 Indiana last sold in 2009 for $424,000. It has been updated and fluffed since then. 5109 Angeles Crest last sold in 2003 for $457,000. It was in default last year listed as a short sale. It went on the auction block and sold to an investment group for $381,600 last fall. There was a first for $540,000 and a line of credit for $209,000 (ie:lender ate it). 4848 Hampton is an incredible price for the location. The house is charming. 30 gallons of white paint will make it a bright little cottage in PCY. 4831 Angeles Crest Highway looks nice but busy street (Highway). 5238 Angeles Crest Highway is on a private drive off the south side of ACH overlooking Valley Crest. It last sold for $1,710,000 in 2002 and was listed again in 2006 and 2010 around $3,300,000.  It did not sell.

3 homes went into escrow this week in La Canada:

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4855 Ocean View (Sagebrush) sold in less than a week. 308  Baptiste has been on for 5 months. While photos hardly sell a house, posting only 2 photos in the MLS does not help. 4008 Dover sold within 2 weeks...lovely fixer on a large lot.

2 homes closed escrow in La Canada this week:

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4818 Crown sold with multiple offers well over asking. 2134 Lyans also sold quickly. Price reflects the difference between LC schools and Glendale schools in Sagebrush.

I'd like to say that is it for our market but did you see the Valley Sun today? Shame on them for quoting a local Realtor that no one has ever heard of. "According to statistics provided by the Multiple Listing Service," I have found that "local Realtor" Keith Sorem has not sold a property in La Canada in the last several years (I went back to 2008) so I question the validity of his opinion. Apparently it is front page news that LCF sales volume dropped 9% last year...a huge surprise since new listings dropped more than 9% last year. I am grateful to Sam Buchanan for being the voice of reason in the article. Not only does he live in La Canada but he works here and actually sees the homes that Mr. Sorem merely comments on. After a quick search of "statistics provided by the Multiple Listing Service" I see that Glendale also has a back log of unsold, presumably overpriced homes on the market. So thank you Valley Sun and Keith Sorem, member of the Glendale Board and not PFAR, for teaching something none of us knew...if it is overpriced, it will not sell. "Fear is the path to the dark side"-Yoda. But maybe it sells newspapers. 

Open Houses in La Canada This Sunday

For MLS Version click here

For Pritable version click below:

Download 1.15.12

 

 

La Canada Market Activity This Week

We have 51 active listings in La Canada. 5 of them are new:

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4855 Ocean View is a new listing in Sagebrush. 5325 La Forest last sold in 2007 for $1,050,000. $1,146,000 was owed in loans (delinquentpayments not included) when the lender took it back in 2009. No idea why it took 26 months to come on the market as an REO. 4008 Dover is small but charming, charming, charming! It sits on a large piece of property, not all usable but lots of privacy. The former owner passed away on the property in 2010 at 104. 5206 Vista Lejana has been off and on since 2010 starting at $2,495,000. It was in escrow briefly last August. 603 Chatham Place last sold in 2005 for $2,500,000. If it sells for the current price does it mean that the market has gone up 30% since 2005?

2 homes went into escrow in La Canada in the last week:

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1727 Earlmont is lovely. It sold with multiple offers within the first week. 3820 Domal is a fabulous Post and Beam. It was listed in April for $2,750,000.

3 homes closed escrow this week in La Canada.

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4545 Indiana sold quickly a few thousand over the asking price. 4709 Oakwood was bank-owned. It sold in 2007 for $1,515,000. 1418 El Vago has been off and on the market since 2008, starting at $1,998,000. It was reported as a short sale though hard to tell in title how much was owed.

The new year is not exactly off to a brisk start but I do think the overall concensus is that things will be picking up, a marked transition from all the glum faces and attitudes at the beginning of 2011. The glasses have turned from half empty to half full.

Open Houses in La Canada This Sunday

For MLS list click here

For printable list click below

Download 1.8.12

 

 

 

 

 

 

 

 

 

New Years Resolution: Walk La Canada's beautiful trails