La Cañada-Flintridge Market at a Glance – September 6 vs. August 6
In this analysis of La Cañada-Flintridge ‘s real estate market, we’re delving into the data collected during two distinct 30-day periods: one ending on September 6 and the other on August 6. By examining these two comprehensive time frames, we aim to provide you with an insightful comparison of how the real estate landscape in La Cañada-Flintridge has evolved over the past month. Whether you’re a prospective buyer, seller, or simply interested in the dynamics of this charming community, this report will offer a clear picture of the market’s recent trends and changes.
September 6 Stats:
Homes for sale: 27
Steady inventory growth, providing more options.
Median list price: $3,795,000
List price stable, appealing to luxury home seekers.
Avg. price per sq. ft.: $888
Prices per sq. ft. favorable for buyers.
Homes sold in past 30 days: 14
A balanced number of sales, indicating steady demand.
Median sale price: $2,237,500
Median sale price corrected, matching the list price.
Avg. market time: 38 days
Houses spending slightly longer time on the market.
August 6 Stats:
Homes for sale: 22
Slightly lower inventory than in September.
Median list price: $5,090,000
Higher list prices, catering to luxury buyers.
Avg. price per sq. ft.: $910
Prices per sq. ft. higher than in September.
Homes sold in past 30 days: 10
Fewer sales in August, possibly due to higher prices.
Median sale price: $2,687,500
Lower median sale price compared to list price.
Avg. market time: 24 days
Houses selling faster compared to September.
La Canada’s real estate market showed signs of stability in September, with slightly more inventory available and a consistent median list price. Buyers benefit from favorable prices per square foot while sales remain balanced. Houses take a bit longer to sell.
In contrast, August had fewer homes for sale with higher list prices and prices per square foot. Fewer sales occurred, likely due to the premium prices, but homes sold faster on average.
Neighborhood Characteristics: Nestled in the picturesque Foothills, La Cañada-Flintridge is known for its serene atmosphere and top-notch schools, making it a sought-after community for families. The area boasts lush greenery and tree-lined streets, providing a peaceful ambiance. La Cañada-Flintridge is also home to charming local shops and restaurants, making it a delightful place to explore.