6% of La Canada’s October homes sales were foreclosures or short sales

Real Estate Sales Transactions, La Canada, October 2010

This year the average price per square foot for La Canada’s home sales has hovered in the $400 range; $402-$492. Average price in October was $440.



The good:

Average selling price increased.

The bad:
The number of La Canada homes sold  in October decreased from September.
Days on market, the number of days from list to closing increased.  Homes did not sell as quickly.
The percentage of selling price to list price decreased, La Canada homes are selling  (on average) nearly 96% of asking price.

The ugly:
6% of  La Canada home sales were the result of foreclosure or short sale. 

 

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