There are 118 active listings on the market in La Canada. 9 of them are new to the market:
A single family house in La Canada for under $500,000! You too can bid on this 700 square foot gem...308 San Juan Way is very cute, but small. While the $479,000 price tag seems too good to be true, it is still $684 per square foot. 5055 Westslope is a nice home with 3 bedrooms and 2 baths. It will be open on Saturday and Sunday from 1:00-4:00. 1238 Olive Lane is on a flag lot. It has a large lot but much of the square footage is in the driveway. The house will be open on Sunday from 2:00-4:00. 4835 Oakwood is a 4 bedroom home. It looks as if it was remodeled in the 70's or 80's and needs updating. It will be open on Sunday from 2:00-5:00. 5239 Harter Lane was built in 1995. It shows well, though the yard is smaller than expected. Harter feels like a private drive and runs off of Angeles Crest. It will be open on Sunday from 2:00-5:00. 4608 El Camino Corto last sold for land value in 2003 for $755,000. A year later, this home was built. 555 Meadow Grove Street was last sold in 2004 for $2,475,000. It came on the market last July for $2,795,000. The listing expires in February. It is now listed with a new agent. It has been beautifully staged and shows very well. 4413 Shepherds Lane was completed in 2003 and sold in October of that year for $2,350,000. In 2007 it sold again for $3,296,000 (put that in the good ol' days category). They will be open on Saturday and Sunday from 2:00-4:00. Finally, 4277 Chula Senda is my Home of the Week.
4 homes went into escrow this week:
1860 Foothill is on a private drive behind the Mormon Church on Foothill. It last sold in 2003 for $625,000. It has been on the market for 3 months and started at $799,000. 2125 Sunnybank has been on the market for 45 days and has had one reduction from its original $1,080,000. 2114 Cross has been on the market for over 2 months. It was originally priced at $1,799,000. 2101 Highrim started in February at a whopping $2,794,950 and was reduced over $800,000 before going into escrow. It is not a location for everybody...
One house closed escrow this week...
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5637 Burning Tree was listed in September 2007 for $2,300,000 and has been on the market almost continuously since then. A classic example of overpricing and riding the market down.
The accident on Angeles Crest and Foothill last night has been on everyone's mind and put the housing market in perspective, at least for this moment in time.
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