Why would it take over a year to sell a Los Angeles home?
When I meet with home sellers the second question is typically “how long will it take to sell my house”. The average Pasadena home is selling (closing) within 100 days, Glendale: 120, La Crescenta 102, La Canada 101. Some homes are selling faster and some take longer. But some are taking a lot longer.
Let’s look at homes in Pasadena, Glendale, La Crescenta and La Canada that have been on the market for over a year and "still trying". 
I am not certain what to make of the home in North East Pasadena on the market for 423 day at the same price. You can see from the graph that many of these homes simply started with too high of an asking price and they have been chasing the market since listing. Some other reasons a home doesn’t sell include difficulty in showing; an uncooperative Listing Agent. Poor locations and run down condition can and should be compensated for in the asking price. Homes on busy streets sell every day. Unfortunately the most common reason a home doesn’t sell is the asking price.
Posted by Phyllis Harb at 8/21/2008 2:02 PM 
Categories: Real Estate Market Stats, A Seller's Perspective
Categories: Real Estate Market Stats, A Seller's Perspective
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9/15/2008 7:11 AM
Los Angeles Real Estate Blog wrote:
I recently posted about homes on the market for over a year But today, while looking in the MLS I noticed this La Crescenta home which has been on the market 687 days – approximately 23 months!!! June MLS stats indicate that La Crescenta homes are selling on average for 97% of asking; the average (cumulative) days on market is 124 - approximately 4 months from listing to closing. Having your home ready and in "show condition" is far from fun.....The details: The 4 -
9/15/2008 7:15 AM
Los Angeles Real Estate Blog wrote:
I recently posted about homes on the market for over a year but today, while looking in the MLS I noticed this La Crescenta home which has been on the market 687 days – approximately 23 months!!! June MLS stats indicate that La Crescenta homes are selling on average for 97% of asking; the average (cumulative) days on market is 124 - approximately 4 months from listing to closing. Having your home ready and in "show condition" is far from fun.....The details: The 4 -
9/15/2008 7:44 PM
Los Angeles Real Estate Blog wrote:
I recently posted about homes on the market for over a year but today, while looking in the MLS I noticed this La Crescenta home which has been on the market 687 days – approximately 23 months!!! June MLS stats indicate that La Crescenta homes are selling on average for 97% of asking; the average (cumulative) days on market is 124 - approximately 4 months from listing to closing. Having your home ready and in "show condition" is far from fun.....The details: The 4 -
11/21/2008 9:40 AM
Los Angeles Real Estate Blog wrote:
In August I had posted regarding homes in Glendale, La Crescenta, La Canada and Pasadena which had been on the market for over one year. Below are the MLS stats for the homes noted that have had a change in status: 91105 PasadenaOn the market a total of 502 daysOriginal List $1,849,000Reduced to $1,549,000Leased for $5,200 91103 PasadenaOn the market a total of 544 daysOriginal list $579,000Reduced to $519,000Status: expired (didn’t sell) 91011 La CanadaOn the market a total of 372 daysOriginal list $2,595,000Reduced to $1,995,000Status: withdrawn (taken off market without selling) 91207 Glendale ... -
11/21/2008 11:27 AM
Los Angeles Real Estate Blog wrote:
In August I had posted regarding homes in Glendale, La Crescenta, La Canada and Pasadena which had been on the market for over one year. Below are the MLS stats for the homes noted that have had a change in status: 91105 PasadenaOn the market a total of 502 daysOriginal List $1,849,000Reduced to $1,549,000Leased for $5,200 91103 PasadenaOn the market a total of 544 daysOriginal list $579,000Reduced to $519,000Status: expired (didn’t sell) 91011 La CanadaOn the market a total of 372 daysOriginal list $2,595,000Reduced to $1,995,000Status: withdrawn (taken off market without selling) 91207 Glendale ... -
1/7/2009 7:52 AM
Los Angeles Real Estate Blog wrote:
In August , I wrote the post: Why would it take over a year to sell a Los Angeles home? I thought it would be interesting to take a look at the current status of the same twelve La Canada, La Crescenta, Pasadena and Glendale homes which in August (2008) were on the market for over one year: ... -
1/8/2009 6:21 AM
Los Angeles Real Estate Blog wrote:
In August , I wrote the post: Why would it take over a year to sell a Los Angeles home? I thought it would be interesting to take a look at the current status of the same twelve La Canada, La Crescenta, Pasadena and Glendale homes which in August (2008) were on the market for over one year: ... -
1/8/2009 6:44 AM
Los Angeles Real Estate Blog wrote:
In August , I wrote the post: Why would it take over a year to sell a Los Angeles home? I thought it would be interesting to take a look at the current status of the same twelve La Canada, La Crescenta, Pasadena and Glendale homes which in August (2008) were on the market for over one year: ... -
1/8/2009 6:46 AM
Los Angeles Real Estate Blog wrote:
In August , I wrote the post: Why would it take over a year to sell a Los Angeles home? I thought it would be interesting to take a look at the current status of the same twelve La Canada, La Crescenta, Pasadena and Glendale homes which in August (2008) were on the market for over one year: ...
I completely agree that many homes on the market may be overpriced which leads to an increase in days on market, however, I still think agents are not giving enough information to the consumers on the web. Consumers more then ever are demanding information at their fingertips via the internet and with the glut of listings on the market agents have to do more to separate themselves from their competition regardless of price on the property.
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