There are 79 active listings in La Canada Flintridge this week. The market seems sluggish, yet aggressively priced homes are selling with multiple offers. Today on caravan:
5040 Castle has potential. Small house on a larger lot with a pool. Its in Sagebrush. 1027 Flanders is east of Hill Street on a cul de sac many don't even know is there. Again, lots of potential for expansion, nice lot and pool. 4384 Bel Aire last sold at the beginning of 2014 for $1,465,000. Open floor plan with a large basement and a bonus room above the garage. I really like 490 Paulette, my pick for Home of the Week:
It didn't photograph well...this is one that actually looks better in person. All new with an open kitchen/great room, no formal living areas but who really uses those anyway? The price point is high for Paulette but I think this one will sell easily. 463 Richmond last sold in 2012 for $1,725,000. Its big. 555 Meadowgrove sold in 2005 for $2,475,000 then again in 2009 for $1,900,000. It was a very bad year for real estate prices. Now the house has had a significant make-over and the recently built sound walls help to buffer the freeway noise.
The market feels very different right now. Inventory is higher than it has been in months and average days on market is increasing. Buyers are standing back, looking at everything and waiting. Yet if they perceive value (ie: price seems too good to be true) they are writing offers and competing. Inevitably a multiple counter drives the price up to where it should be, leaving the winner very happy to have paid a price they would not have considered days earlier yet there they are. And the buyers that lost retreat, nurse their wounds and hope the next time they will finally get the house, and it will be a good deal. Please let me know how that works out.
Stay out of the sun and stay cool...namaste