La Canada Real Estate Stats 2010 – thru April, The good:

*The number of La Canada homes sold (closed) increased for the fourth consecutive month

*The average price per square foot increased the 4th consecutive month

*20% of the homes sold in this affluent community were distress sales (foreclosures/short sales) down from March’s 23%

It’s interesting to note that REO’s averaged 95 days to close while standard sales average 79.  It may be a reflection of the condition of the REO’s (foreclosures) and the fact that they are entering escrow more than once.

Related Post:  March La Canada Home Sales Statistics