The number of active listings and the average days on market are down in Glendale and La Crescenta, but up in La Canada.  Of the 112 current La Canada listings,  27 are priced under $1,000,000; 2008’s stats showed 14 of the 97 listings were under the million dollar mark. 



The impact of the foreclosure moratorium is evidenced by the reduced number of vacant listings.  First time home buyers and those who can facilitate their purchase within the conforming or the new “jumbo” conforming loan limits continue to fuel the market.  Higher priced neighborhoods, such as La Canada continue to falter.