La Canada Real Estate

OPEN HOUSES THIS WEEKEND

Click on this link for Open Houses this weekend:

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For a printable version click link below:

Download Open Houses 6_21_09 Sheet1

What is happening on Foothill?

As I angrily inched my way up Foothill today I watched the crosswalk on Foothill and Angeles Crest being replaced again. Haven't we done this before? So I called our wonderfully accessible city for some answers. I spoke to Michael in Public Works. Apparently, the bricks are defective and have been recalled. The manufacturer is replacing the bricks, so at least this is not costing the city a penny. All of the work on Foothill will be complete by the end of next week. Then work begins on the Angeles Crest crosswalk. There will also be asphalt repair from the damage caused by the truck accident. That will be covered by an insurance company, presumably the truck driver's. I learned something else today. The City of La Canada is responsible for Angeles Crest south of the freeway only. Cal Trans is in charge of the rest of it. A little LC factoid for your information...

Home of the Week

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4926 Palm last sold at the end of 2003 for $1,220,000. At the time it was owned by architect Craig Stoddard and his wife Marion, an interior designer. They did a fabulous job updating and expanding the home. It features 4 bedrooms upstairs including the master suite. There is a spacious family room that opens to the back patio and guest house. The yard is big enough for a pool. This is perfect for a big or extended family or for someone who works from home. The house will be open on Sunday from 2:00-4:00.

Check back tomorrow for the new open house list!

La Canada Market Activity This Week

We have 117 active listings in La Canada. 4 of them are new:

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350 Santa Inez Way is a bank-owned 50's modern. It has a fabulous open floor plan with 4 bedrooms and 2 baths. Offers will be reviewed by the bank at noon on June 24. Given the price and location, there will probably be several. Buyers can get discouraged by multiple offer situations in this market, but this home is definitely worth throwing your hat into the ring. 1433 Olive has been in the same family since 1969. It is on a flag lot. 1117 Sheraton is in a great location south of Foothill. It is being sold by a trust but requires no court confirmation. 4926 Palm is my home of the week...

5 homes went into escrow this week in La Canada:

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4619 Ocean View hasn't been on the market since 1998. It features guest quarters. 348 Baptiste is under contract after one week on the market. I believe they had 2 offers. 5039 Angeles Crest, after 522 days on the market, is in escrow. In January 2008, it came on the market for $1,695,000. It reduced a couple of months later to $1,595,000 and went into escrow. Unfortunately for the sellers, it fell out shortly thereafter. Now priced almost $400,000 less, it is once again in escrow. I actually love the house...a sprawling hacienda with a big lot. The issue is the house in front of it (horrendous) but at the right price it will be a good deal for the buyers. 172 Lamour last sold in 2005 for $1,195,000. It came on the market in November for $1,349,000. 4730 Oakwood last sold in 2004 for $900,000. It was completely renovated by the current owners. They listed it in February for $1,549,000 and reduced. The listing had actually been withdrawn when a buyer finally came through with an offer. I find it is always darkest before the dawn in real estate.

4 homes closed escrow this week:

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1959 Lamp Post was bank owned and had many offers. It listed for $774,900 and sold wellover asking. 5025 Jarvis was a great Ranch high in the deodars. 4335 Oakwood listed in March for $2,495,000. Gorgeous house in a great location. It's houses like that the emphasize how much the market has changed. 2 years ago it would have flown off the shelf for at least 20% more. 1925 Tondolea is a bright spot in our market. It was a perfect situation for the seller as the buyer had to buy quickly to get her children into the schools and sports. At $619 per square foot, it will help with many appraisals for the next 3 months.

Happy Father's Day!