There are 70 active listings in La Canada this week.
I finally saw 2124 Tondolea today. It has been off an on the market and recently listed with a new agent. It's very cute. The stumbling point for buyers may be the fact that it overlooks Ross Dress for Less and that parking lot. I could smell Taco Bell when I walked in the front door. 4330 Bel Aire is lovely. Very beachy...felt like Newport Beach in the fog today. Great square footage for the price. 450 Palmerstone has nice views but feels lonely, surrounded by vacant land at the end of a dead-end street. It last sold in 2013 (market was improving) for $1,920,000. Is it worth $1,000,000 more just 3 years later?
A notable sold this week at 1447 El Vago, listed for $3,749,000 and closed for $3,650,000. Designed by architect James Coane and listed by the fabulous Sandi Saeger, it is a gorgeous house with a pool
The market is slowly grinding down in June gloom. Sunlight makes every house look better so it has been tough the last few weeks. Looking forward to the heat and the light returning this weekend.
As for my yard sale last weekend, I can't recommend it. So much work goes into sorting and pricing and displaying. The kids did earn some spending money for our family vacation so in the end it was worth it. Thankful that the Salvation Army is just a few miles away to take all of the leftovers!
There are 71 active listings this week in La Canada. We saw several on caravan yesterday:
4508 Littleton last sold in 2014 for the same price that it is listed for today. The price seems very reasonable so lets see if it gets bid up. 5130 Castle is my favorite new listing. Something about it reminds me of the house that I grew up in. Low-slung Ranch, lots of ivy in the front, big pool. It is in Sagebrush. 375 Santa Inez last sold in 2009 for $854,000. At the time it was just 3 bedrooms in 1496 square feet. The current owner added 600 square feet and another bedroom. It's nice though the changes in the wood flooring was annoying. Beautiful pool and yard. 4174 Hampstead needs everything and appears to have little usable yard. I love the location close to Cherry Canyon. 270 Saint Katherine...this is the correct spelling. At press time it is misspelled (Kathrine) along with La Canada (Caada) in the public comments. Oh well. The house is a lovely traditional with nice views and a separate guest suite between the house and garage.
Fewer houses are coming on the market as the spring rush is over. Fewer open houses leave you with too much free time on your hands? Stop by our yard sale on Saturday from 7:00-12:00!
My kids are earning spending money for our upcoming family vacation so bring your pennies! Furniture and accessories, cool clothing, jewelry and more!
4419 Commonwealth... See you there!
June 12th Kayaking with Trojans 4:30-6:30 pm. All age groups. Marina Del Rey
June 18th & 19th Pasadena Chalk Festival. Paseo Colorado 10 am - 7 pm
June 24th Sing-a-long Sound of Music -Hollywood Bowl
June 30th Tim & The Space Cadets - Levitt Pavillion Pasadena
Festival 5:30 pm Music 7:00 pm
July 6th Harry Potter & Sorcerer's Stone in Concert -Hollywood Bowl
July 23rd The Muppet Movie Cinespia at Hollywood Forever Cemetery
Some other fun ideas - hike Eaton Canyon (pictured below), Franklin Canyon Park, or Will Rogers State Park and discover new trails
Visit the Getty (pictured below), enjoy some art, amazing views and gardens.
There are 72 active listings in La Canada. I saw 6 on caravan today:
1705 Lila last sold in 2013 for $1,210,000. The house is loaded with potential and can easily be updated. Pool and yard are lovely. 227 Starlane last sold in 2010 for $1,110,000. It lacks charm but I like the back yard. 5805 Lone Grove was listed in 2015 for $1.6 and did not sell. Now it is $300,000 higher, yet still shadowed by the power lines of the Edison easement. 2037 Orchard is nice. The pool and pool house are the highlights. 4977 Terracita has phenomenal views and a beautiful master suite. 1941 Orchard was my favorite today...this new construction was staged by Meridith Baer and is simply stunning.
Notable closings in the last week include:
4917 Hampton is new construction and sold to the seller of 841 Greenridge on a contingency. Hampton is beautiful. Very small lot. 5127 Oakwood flew off the shelf for $400,000 over the asking price. Charming home with a magical back yard. 841 Greenridge took awhile to sell but the owners persevered through price reductions so that they could buy their dream home at 4917 Hampton. 4358 Beulah was my listing. We had a handful of showings before going into the MLS. The result was a great offer that the sellers chose to accept. We are in that kind of market right now. Exhausted buyers are willing to step up and pay a premium to avoid having to compete with the masses. Stick with agents who play well with others and network, network, network. The agent who sold the house calls me at least once a month to see what I have coming up. 5139 Princess Anne is new construction and quickly received multiple offers. $3,000,000 is the new $2,000,000 in LCF.
There are 70 active listings on the market in La Canada this week. I saw 5 today on caravan:
2015 Ahlin last sold in 2014 for $649,000. It's cute and feels like a treehouse. The guest area below the house previously leased for $1300 per month. This is in a quirky little area of La Canada, sandwiched between Montrose and Foothill Blvd. And then there is the freeway. Sounds like Waimea Falls if you like that noise...all of the time. 4430 La Granada is a bit further away from the freeway, just south of Foothill. It last sold in 2005 for $780,000. 5027 Louise is that rare short sale in an inflating market. There is a large first (over $1.8) and a second loan that will be virtually wiped out in the short sale. The house went into escrow early this year, got lender approval for the short sale at $1,640,000 then promptly fell out of escrow. It quickly wnet back into escrow. It is a great deal at the current price. 2040 Orchard is actually quite nice...a blend of modern/traditional/Asian. The listing agent used the word "fusion." Well said. Good floor plan and easy to update or refresh. 1204 Homewood just had a large price reduction ($200,000) so we revisited it. The house is in great condition. I would add cabinets in the breakfast room to visually extend the kitchen and put hardwood upstairs, then its truly turn key. Some may not like that it backs up to Lanterman Auditorium, but otherwise great location close to everything.
Greg and I recently bought a little flipper on La Canada Boulevard. Watch our progress on my other blog Flipsational.com
There were five new listings on caravan today in addition to several that had had price reductions or had come back on the market. The home of the week is 5127 Oakwood Avenue. This traditional sits on a 18,988 square foot lot on a very desirable cul-de-sac in the Paradise Canyon area. The house has great indoor/outdoor flow and a beautiful pool. The price will be driven up by multiple offers. Offers are due by Wednesday morning....stay tuned!
As we rapidly move towards the end of the school year, the La Canada Market is starting to slow. We won't see as many new listings coming on the market over the summer. Low inventory will continue to put pressure on buyers. It is very discouraging to loose a house in multiple offers. My experience tells me that you end up with the house that you are supposed to get and the previous losses will then suddenly make sense. My experience is little consolation to a client who feels as if they have lost their dream home. Yet it's time to pick yourself up and roll up your sleeves. Some tips to survive the current market:
There are 64 active listings in La Canada. At the low end, there is 4405 Vista Place:
It's a cutie near the freeway listed for $899,000.
At the other end of the spectrum there is 4158 Commonwealth. Currently listed for $10,495,000, the house features 11,700 square feet on lot just under 2 acres. It last sold in 2012 for $6,778,888. The current owner updated the bathrooms after the 2012 purchase.
Caravan today reiterated the high-low of the market. 4911 Carmel is in the PCY neighborhood, 3 bedrooms, 2 baths in 1813 square feet. The lot is on the smaller side, just under 5000 square feet. It last sold in 2001 for $575,000. 180 degrees over to the other side of the market, 887 Flintridge just came on the market for $6,495,000. The house is 9386 square feet on a 71518 square foot lot. Some systems (including septic) have been upgraded since it was last on the market in 2012, then listed for $5,750,000.
This palace last sold in 2012 for $6,778,888. It is currently listed for a whopping $10,495,000 and features 11,700 square feet on 85,813 square feet of land. Worth considering if you have an extremely large family with gobs of money.
Our neighborhood is changing with the median list price