La Canada home buyer and sellers need to become familiar with the local real estate market.  Like it or not short sales and foreclosures have an impact on both buyers and sellers.  The distressed real estate market is evident pretty much everywhere in Southern California, even in Los Angeles’ more affluent communities such as La Canada.



12, La Canada homes were reported sold in October (there are 358 Realtors with a La Canada mailing address)
Average sales price is the lowest for the year
Days on market and absorption rate increased

How does it look in comparison to October 2010?

17, La Canada homes sold
Average price per sq ft was substantially higher $440.65
Average Selling Price higher $1,246,118
Days on market was 100 – improved marketing time this year