Monday, June 05, 2006

Current Market Conditions

Currently there are only 2 homes available in the La Canada school district, priced under $1,000,000; and 13 available from 1,000,000-1,500,000.

Homes in move in condition and those "staged for sale" continue to sell within a week and often in multiple counter offer situations.

There are several distinct neighborhoods: "La Canada Flintridge" (South of Foothill Blvd.), "Sagebrush" (West of Rosebank; not in the La Canada school district), "Meadow Grove" (South of Foothill & East of Gould) and "Deodars" upper La Canada, not too hilly - a very wooded and serene neighborhood.

SELLERS TIPS: Stage your home for sale, Phyllis Harb offers the complimentary services of a professional home stager to assist you in preparing your home for sale.

BUYERS TIPS: Flexibility: escrow period, possible rent backs, etc. Your flexibility often is as important to the seller as the offered price. Of course homebuyers should be pre-qualified and the prequalification letter as well as evidence of your down payment should be submitted with your offer.

Cosmetic fixers may be the best opportunity for buyers to obtain a "deal". Cosmetic fixers are homes that offer updated major systems (roof, central air, etc.) but have unappealing flooring, wallpaper, etc.

Click on market conditions to view information about nearby cities.

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