In a nutshell, great houses priced right are still flying off the shelf with multiple offers in La Canada. To that end, our quote of the week:
We have 65 houses on the market in La Canada Flintridge. Another 35 are in escrow, many after fierce competition between buyers. A sampling of those:
1104 Descanso- 7 offers
1127 Atlee had 7 offers.
4803 Hampton had 6 offers
1222 Green had 6 offers.
4300 Commonwealth had 11 offers.
7 new listings are on caravan in La Canada tomorrow. We will know within the next week or two if they are priced right. If not, they will face an inevitable reduction and lower perceived value. At the end of the day, the only thing wrong with a house that sits on the market is...price.