La Canada Market Activity This Week

We have 67 listings in La Canada. 4 of them are new:

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241 Starlane came on today. It last sold in 2004 for $835,000. Most homes in La Canada are not back to 2004 prices so this does not look out of the realm of possibility. 2340 Conle way is in Sagebrush in that small development to the west of Ocean View. No photos at the time of posting, but I am guessing it has a 70's or 80's vibe. 4075 Chevy Chase sold in 2002 for $750,000 and again in 2003 for $899,000. The buyer's children lived there and are apparently moving on. It is very cute and sits above the street. A bit hobbled by its actual square footage of 1884...it would be a tough appraisal at 1.2. 2208 Cross, also in Sagebrush on the corner of Castle Road, sold in 2002 for $699,950 and again in 2007 for $1,250,000...back when we were all drinking the Koolaid.

5 homes went into escrow this week as spring flirted with the market:

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2145 La Canada Crest #3 came on in October for $509,000 and had one reduction before selling. 370 San Juan way sold as a probate in September for $785,000. The buyer renovated and painted. Hardly a profitable flipper once sales costs are paid, but she really did improve the property. 1960 Lombardy came on the market with an already accepted offer. It is a short sale with no notice of default filed yet. It last sold in 2005 for $1,290,000. 3971 Robin Hill is a cool Mid-Mod with awesome views so no surprise that it sold (great location). 4159 Hampstead, again no surprise...I loved that house.

2 homes closed escrow in La Canada:

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5164 Redwillow came on in May for $879,000 and the seller waited over 7 months for the buyers...but they finally came. 339 Santa Inez is a major fixer but has a great lot.

So, nothing out of the ordinary or beyond expectation. Look for more listings after Super Bowl Sunday (Feb 7)...

Comments

[Mo Info]

G, why count short sales as "in escrow" when so very few of them ever close?

Alot of foreclosure auctions scheduled for February and March in LCF . . .

[First Time Buyer]

Mo Info and Gillian,
What is the best way to find out more about foreclosures in LCF?

[Gillan Abercrombie Frame]

I think this year we are going to see more short sale negotiations go through. Hayman just closed, and the property on Berkshire (has an accepted offer but still shows as active...really the correct status until bank signs off) is approved and should move forward. Across the board, I am seeing more short sales actually close. In the meantime, their auction dates are postponed. Well see...it seems the banks are not as eager to move towards foreclosure when they have a contract on the property. Thank you for your comment...

G

[Gillan Abercrombie Frame]

Mo Info turned me onto foreclosureradar.com...great resource!