La Canada, CA

Numbers don't lie, and these numbers are screaming that its time to buy!<!--more-->

Weighing in at just over 20,000 residents, La Canada Flintridge has long been regarded as one of Los Angeles County's most prestigious yet undercover suburbs.  Known for it's superb school system, and old world community feel, La Canada has never had much of an issue with demand for it's real estate.  This being said, even the big boy's are feeling the dip in the housing market!

Even though most residents probably still have a fair amount of equity in their property, the latest statistics suggest that now may a good time to get a deal in this town.

Below is a chart outlining the number of for sale homes vs. sold homes vs. homes pending sale \/

What you can see in this chart is that while the total number of homes for sale has dropped, the number of sold homes and the number of pending sales has dropped considerably more.  This means that buyers have a little more leverage at this time to negotiate deals with sellers, as there are fewer buyers currently than previously, and an educated guess would lead me to believe that there has been a high fall out of escrows lately (causing the severe drop in pending sales).

I know someone out there has to be thinking "why would i want to buy into an area where demand has taken a slight drop off?" and the answer is once again in the numbers, while you can get a better right now, the market is also at a 12 month low for supply, which suggests that the local economy is improving and the supply is decreasing (which could mean we will be seeing a shift back to a sellers market shortly).

Another reason that it may be a good time to buy is in the actual prices of the homes in this area.  In the data table below we can see that while that average active price is still relatively high, the actual average sold price is at a 12 month low (with the exception of one month).

 

So do not be scared off by listing prices because this data suggests that there is a large amount of negotiability, with regards to price.

For more information feel free to contact our office at www.jhhre.com or 818.246.1099

   

This is a video created by Realtor Sue Eller of Dilbeck Real Estate in La Canada Flintridge California that shows the latest market data about

home prices, price per square foot, days on the market and displays the trends. Visit Sue Eller's website at www.ellertheseller.com of visit

her Facebook page called Sue on the Move to learn more and to see more of her original videos about the market.

Hi Everyone! This is Sue Eller of Dilbeck Real Estate in La Canada California.

I wanted to say a big "Happy Thanksgiving" to all Realtors everywhere. This is one day where we can disconnect from our phones

and clients and enjoy our families. Please watch my special video below to learn what I am grateful for and think about what

you are grateful for this year. 

 

Take a trip with Sue Eller and Efrain Figueroa of Dilbeck Real Estate as they show us what is new on the market for the week of June 28th 2010. This video blog chronicles a day in the life of these two La Canada Realtors as they go out and tour the new listings. Also included at the end of the video is their funny real estate video spoof about what happens when Harriet Homeowner falls out of escrow and what her Realtor, Mr. Dunn Deel does to help her get her home sold (again.) Of course, the ever popular "Shadow" the dog is also featured in the spoof. Love to have any comments and suggestions out there from those watching us. In this market, "creativity counts" so you can count on Sue Eller and Efrain Figueroa to provide useful and topical information about the real estate market in Glendale,La Canada, the foothills and the surrounding area. Call Sue at (818) 668-4005 to learn more about these homes or for help buying or selling. You can also visit www.ellertheseller.com to see more videos.

The annual La Canada High School 7/8 PTA Home Tour is coming upon us on May 7th. The proceeds from this much anticipated event benefit the La Canada 7th and 8th grade PTA.

Four local residents open their wonderful homes, with docent-lead tours from 9 am to 2 pm and again from 4 to 8 pm. One home will offer boutique shopping, music performed by students from the LCHS music department, and al fresco luncheon (served from 11 am to 2 pm).

For more information, visit the website: 7/8 PTA Home Tour

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Would you like to know more about La Canada Flintridge (zip code 91011)? Read more here: La Canada Flintridge

Bringing you information on the La Canada Flintridge community:

Fran and Rowena
Dilbeck Realtors
(818) 952-0077

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Become a Facebook "fan" - Fran and Rowena on Facebook

California DRE license #00913659 and #00966791. Information deemed reliable but not guaranteed. Dilbeck Realtors is independently owned and operated.