La Canada Real Estate

Open Houses in La Canada this Sunday

For MLS version click below:

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For printable version click below:

Download Open Houses 3.28.10.xlsx

La Canada Market Activity This Week

We have 79 active listings in La Canada. 15 of them are new:

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4930 Viro Road is a foreclosure/major fixer on a gorgeous piece of property. The house has loads of potential for a buyer who is ready and able to handle an expensive renovation. Price ridiculously low, there are 18 offers on the property and it will surely go into the 8's. 4739 Oakwood is marred by the proximity to the freeway. 309 Inverness is in a nice location, though the house needs everything. 4583 Loma Vista sold in 2000 for $420,000. Back then it was a small 2 bedroom, 1 bath. It has been renovated and expanded. 416 Meadowview is near the Country Club. 4333 Chevy Chase last sold in 2003 for $1,201,000. It is in great condition and has a nice yard with a pool. 5124 Solliden sits on a wonderful street behind Palm Crest Elementary. 809 Lynnhaven last sold in 1998 for $577,500. It was damaged by fire a few years ago and the owners rebuilt and renovated. It was on the market last spring for $1,990,000 and reduced to $1,890,000. It did not sell and was leased in June. Now it is on at a much more reasonable price. 555 Haverstock has great views and a reasonable price per square foot. 4929 Carmel last sold in 1998 for $439,000 when it was a 1502 square foot house. It has been renovated and expanded but still features 2 original bathrooms and a charming guest house. 3740 Hampstead is a gorgeous Mid-Century Modern. It sold in 2005 for $1,590,000 and was renovated. It sold again a year later for $2,050,000. It is amazing to remember that price appreciation. Not only did buyers throw caution to the wind, but so did appraisers. Now on for $200,000 less, it still looks fabulous. We'll see where it sells. 4093 Robin Hill is another gorgeous house. Not much from the outside, the interiors are well done and it show beautifully. The yard overlooks the valley and features a pool and outdoor fireplace. Really worth seeing and reasonably priced. Another beauty, 744 Forest Green is a custom home in Greenridge. 4338 Commonwealth is a retread from last year. It has been listed off and on since 2007 when it started at $3,495,000. 861 Flintridge is a premier piece of land in Flintridge. It last sold in 2004 for $2,150,000. It was listed in 2009 for $6,900,000. It has long been rumored to have peculation issues pertaining to the septic, but the owners claim to have this resolved.

It was a busy week with 8 homes going into escrow:

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4369 Bel Aire had multiple offers. 5122 Angeles Crest sold quickly. 1104 Descanso, formerly rented for $3400 per month sold after 40 days on the market. 4627 El Camino Corto also sold with multiple offers. 4816 Castle Road went in less than two weeks. 5834 Briartree went fast also. 1246 El Vago last sold in 2005. It was listed for $785,000 (back when nothing was priced in the 7's) and sold for $1,251,000. That overzealous buyer went on to design and begin construction on an ornate masterpiece that now sits unfinished, lost in short sale land. 3627 Karen Sue was on last year for a million more. It has been sitting for a long time but has finally found a buyer.

2 homes closed escrow this week:

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1500 Descanso sold in 2006 for $1,329,000 and again in 2008 for $1,150,000. It has now settled about 24% below the 2006 price. 745 Lynnhaven had multiple offers and sold $11,000 over asking.

And there you have it...the spring market is very active. Expect a slow week after Easter with the schools on spring break but things should pick up again for a brisk April and May.

Open Houses in La Canada this Sunday

For MLS Version click below:

http://itech.rapmls.com/scripts/mgrqispi.dll?APPNAME=Itech&PRGNAME=MLSLogin&ARGUMENT=HFDsIaPvYtvwH3EvXf%2Fp1OB8m8%2BrvdU9dwtv1LgcLqs%3D&KeyRid=1&Include_Search_Criteria=

For printable version click below:

Download Open Houses 3.21.10.xlsx

La Canada Market Activity This Week

We have 70 active listings in La Canada this week. 11 of them are new:

http://itech.rapmls.com/scripts/mgrqispi.dll?APPNAME=Itech&PRGNAME=MLSLogin&ARGUMENT=HFDsIaPvYtvwH3EvXf%2Fp1Fdh3CLvUgBcDC%2FwTScGg1s%3D&KeyRid=1&Include_Search_Criteria=on

4369 Bel Aire is the hottest ticket in town. People stream in and out all day as if it is an open house. As of yesterday, there are 6 offers on the property. 5122 Angeles Crest looks nice. 1230 Fernside is cute and in a nice location. 4627 El Camino Corto sold in March 2003 for $720,000 and then again in August 2003 for $790,000. 4816 Castle was last listed in 2007 for $1,799,000. It sat on the market for almost two years until April 2009 when it sold as a short sale for $1,070,000. 5625 Stardust was listed in 2008 for $1,895,000 but did not sell. It is now back on the market at a bit more reasonable price. 5169 Redwillow last sold in 2008 when it was 2063 square feet. It has been gutted and expanded to the current 2923 square feet. It has beautiful views and fine (though varied) finishes and a wonderful open floor plan. It may be a stretch at $605 per square foot because of appraisal. 2026 Tondolea last sold in 2007 for $2,125,000. It was on last year in the 1.8's but did not sell. It has a large finished basement and is about 3500 square feet above ground. 5075 Indianola Way is in a beautiful location at the top of the cul-de-sac. 5018 Jarvis sold at raw land in 2008 for $850,000. The house is craftsman outside, a bit traditional inside and has beautiful canyon views. It features a large deck but no yard. $582 per square foot with no yard may prove too much for buyers today. 4904 Alta Canyada is a rambling ranch The kitchen has been updated and it has a nice yard and pool area.

7 homes went into escrow this week in La Canada:

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792 Godbey has been on the market since the middle of January. 4319 La Granada Way last sold in 2006 for $1,100,000. It just sold as a short sale. $1,035,000 was owed on the property so the lender took a hit rather than ending up with a foreclosed property overlooking the freeway. 4612 Alveo was only on the market for 2 days before selling. 5401 Palm has a lovely yard but the house...it took 2 months to find a buyer. 5026 Hook Tree has loads of potential. It had 2 offers. 433 Richmond is a great house for the price, though get lots of freeway noise. There were multiple offers. 5060 Hook Tree came on in October for $2,100,000. It reduced to the current asking price in January.

5 homes closed escrow this week:

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1338 Journey's End had a great lot but the power lines killed it for me. 4736 Hayman sold in 2006 for $1,210,000. Three years and almost $300,000 later, it has a new owner. 5403 Godbey was a beautiful town home with a private pool. 2340 Conle Way is in Sagebrush. 1517 Olive looks like it closed for far less than the asking price.

I'll be at 4362 Beulah Drive this Sunday from 2:00-5:00. Please stop by!

Open Houses in La Canada this Sunday

For MLS version click below:

http://itech.rapmls.com/scripts/mgrqispi.dll?APPNAME=Itech&PRGNAME=MLSLogin&ARGUMENT=HFDsIaPvYtvwH3EvXf%2Fp1BlHa2i1ar2Q72bKnII9%2F4E%3D&KeyRid=1&Include_Search_Criteria=

For printable version click below:

Download Open Houses 3.14.10.xlsx

La Canada Market Activity This Week

There are 68 active listings as the spring market in La Canada hums along...5 of them are new:

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759 Starlight Heights last sold in 2004 for $642,500. The prices of the town homes on the hill are coming down! 4612 Alveo seems reasonably priced for the location and square footage. The square footage matches the assessor's data so without research I would assume the house is all permitted. 5210 Jessen is on a knoll overlooking Jessen. Nice but small. I have not seen 5834 Briartree but I would check the mud flow maps to make sure it won't be affected in the next downpour. 4904 Alta Canyada looks nice but have not seen it yet. I'm curious about the proximity to the Edison easement.

It has been a brisk week for sales with 9 homes going into escrow in La Canada:

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4926 Crown, the gutted foreclosure undoubtedly went in at close to the $306 per square foot (buyers can't resist a deal). 4536 La Granada...in escrow in February but fell out. Hmmmm...I hate this house and can assign no value to it so curse the bank that loaned on it originally. Curious to see where it closes. 4075 Chevy Chase finally sold with multiple offers. 227 Starlane is in escrow after nearly 2 months. Very difficult to show...2140 Patagonia, in the beleaguered Sagebrush. The mudslides and GUSD cut backs have hurt the area. 294 Saint Katherine is in escrow after one reduction and 190 days on the market. 4380 Beulah is a charming character Spanish in a great location so no surprise it sold quickly. 433 richmond is a wonderful house with a splash of freeway noise thrown in for free. It sold with multiple offers. 3647 Hampstead was listed a year ago for $2,491,000. It has worked its way down and finally found a buyer.

3 homes closed escrow this week in La Canada:

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903 Coral Way was a bank-owned property on a cul-de-sac that abutted the freeway. 370 San Juan way sold for $785,000 in September in probate. The new buyer fixed it up and then found out her children could stay in LCUSD on permit from Pasadena so she sold it for quite a bit more this month. 5037 Oakwood came on in August for $1,695,000. it sold for a bit less.

The market is really moving as sellers and buyers are working to meet in the middle. Inventory is holding sales volume down and prices steady. Check back next week for more information...

Open Houses in La Canada this Sunday

For MLS version click below:

http://itech.rapmls.com/scripts/mgrqispi.dll?APPNAME=Itech&PRGNAME=MLSLogin&ARGUMENT=HFDsIaPvYtvwH3EvXf%2Fp1PwhnKkuS3eHr7COmJy0KiQ%3D&KeyRid=1&Include_Search_Criteria

For printable versionn click below:

Download Open Houses 3.07.10.xlsx

La Canada Market Activity This Week

Spring has sprung!!!! We have 74 active listings in La Canada. 9 of them are new:

http://itech.rapmls.com/scripts/mgrqispi.dll?APPNAME=Itech&PRGNAME=MLSLogin&ARGUMENT=HFDsIaPvYtvwH3EvXf%2Fp1Gs0ep5G%2BISutMwj%2FkHPS%2F4%3D&KeyRid=1&Include_Search_Criteria=on

2345 Conle way was listed in 2008 for $1,179,000 but did not sell. It is in Sagebrush (La Canada address with Glendale schools). 5256 La Canada Blvd. has been leased for years. It is just above El Vago in a nice area but needs work. 5026 Hook Tree has charm and an amazing lot. You either like Hook Tree or you don't...I like it because it ends in a cul-de-sac and there is little traffic on the street. The house has character and if you ripped the back 2 rooms off you would have an amazing back yard. 5200 Diamond Point is very nice with an amazing pool area and views. Price per square foot is a bit high...I haven't seen 4700 Hillard but the word on the street is that it is priced high. 4380 Beulah is a 1930 Spanish loaded with charm. Great location and lot. 426 Somerset was on in 2008 but sustained some water damage so it was taken off. The damage was (hopefully) mitigated. 433 Richmond is a wonderful house with the sweet sounds of the freeway as an added bonus. 5424 Palm sold in 2003 for $1,550,000 and then again in 2005 for $2,100,000. It is a nice home high above Palm Crest.

3 homes went into escrow this week in La Canada:

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4462 Saint Francis Place, benefiting from the price range (ie: no competition) went into escrow quickly. It is bank-owned and freeway close. 300 Baptiste sold with multiple offers within 10 days. 5467 Burning Tree last sold in 2005 for $1,650,000.

One home closed escrow this week:

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4946 Palm Drive was a short sale (barely). It sold in 2004 for $799,000 and then listed in 2009 for $919,000. It reduced over the next several months. The home was in excellent condition with a guest house.

Watch for more listings...buyers are out in droves and we are seeing multiple offers. That does not necessarily translate into above-value offers, but the competition in La Canada is stiffening.

Sunday should be a bit slow because of weather and the Academy Awards. I will be home with the heater on, watching the red carpet and drinking champagne. Enjoy!