I apologize for the late posting...we just got back from a week in Arrowhead so I am a bit behind schedule. My theory that the market would slow down in July continues to be invalidated as a lot of activity happened while I was gone.
There are 121 active listings in La Canada. 11 of them are new or on their second listing agent:
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4937 Del Monte has 2 bedrooms and a pool as well as what appears to be a good price. 751 Starlight Heights was listed on the 15th for $799 and was immediately lowered. No photos for that one but it is probably similar to 741 Starlight Heights. This one is about 150 square feet bigger and has a much bigger price tag. 4641 Crown last sold in 2005 for $805,000. It was expanded and remodeled and came back on in 2007 for one month at $1,125,000. It was listed again in 2008 for $1,049,000 but was pulled off again after one month. The sellers seem serious this time with their new price of $925. 4917 Del Monte is well-priced for the location. 4816 Hillard features a guest house and a pool and has not been on the market for over 25 years. 1244 Flanders is new construction. It seems like a good price (I'm seeing it this weekend). 4952 Alta Canyada was listed for a year. It started in February 2008 for $1,799,000 and was gradually reduced to $1,399,000. It is now listed with another agent for $1,349,000. It is a nice newer home but is hobbled by the power lines behind the house. 4408 Commonwealth is a short sale. It was listed in 2004 and again in 2005 for $1,690,000 but it did not sell. 4905 Alta Canyada is a 1901 gem. There are not too many original homes left here so it is a treat to see. 5337 Mountain Meadow last sold in 2004 for $2,100,000. It was listed for a year (from 06-07) for $3,395,000 (what a difference 2 years make!). The house is spacious with gorgeous views on a clear day.
7 homes went into escrow in La Canada last week:
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1741 La Barranca is in escrow after almost 1 year on the market. It was originally listed for $795,000. 5363 Godbey last sold in 2004 for $670,500. It has been completely updated. 1850 Foothill was listed in February for $998,000. It was reduced $100,000 before selling. 4366 Cobblestone was on the market for what seemed like a minute before selling. While the architecture wasn't for everyone, the location is excellent. I hope they had multiple offers and sold over this price. 2000 Tondolea sold in 2003 for $1,150,000 and again in 2007 for $1,785,000. It was listed in November for $1,599,000 and sat for 6 months. It was re-listed after some serious fluffing and is in escrow after little more than a week at the new price. 412 Meadowview last sold in 2005 for $1,575,000. It has been remodeled. 4632 Palm is a newer home and is in escrow after a year off and on the market. It was originally listed for $2,995,000.
6 homes closed escrow in La Canada:
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4453 Rosebank sold quickly for its asking price. 4815 Daleridge was my listing. It last sold in 2004 for $872,500. We listed in March for $979,000 and reduced twice before selling. 764 Galaxy Heights was originally listed in January for $1,125,000. It reduced 3 times before selling. 4835 Oakwood was owned by the same family for over 30 years. It was listed in March for $1,200,000 and reduced to $1,175,000 before selling. 5039 Angeles Crest listed last October for $1,695,000 and had 5 reductions. It is an incredible house in a somewhat challenged location. 1734 Fairmount was my listing with Bob Swanson from our Pasadena office. We had multiple offers but did not get near our asking price.
The market continues to hum along in the heat. I will be holding 535 Berkshire open Sunday, 2:00-4:00 for Janice. Please stop by!
