While George was at the Super Bowl, I had a quiet weekend.  For those of you who participated in my survey: How did this Realtor spend Monday afternoon I surprised most of you.  I actually had a location company to my home to see if it could be used in film or commercials.  We’ll see if that ever turns into a paycheck – wouldn’t that be sweet!  Now time to get back to those real estate statistics.


Of the 7 January, La Canada home sales, 1 (14%) was a short sale,  2 (29%) were REO’s (real estate owned aka foreclosures), and 4 (57%) were traditional sales. 

It is no surprise that the days on market (DOM)  is longer for short sales which require lender’s approval of the final selling price and shorter for REO’s as the banks want to get the homes sold, closed and off the books. 

Seven La Canada homes sold in January 2010, but nine sold in January 2009.

Related Posts:

Pasadena’s Housing Statistics 2010

2009 stats: How much are homes selling for in La Canada