Friday, September 15, 2006

Update on La Canada's Market Conditions

Currently there are 80 homes available in La Canada (91011 zip code) ranging in price from $647,000 - $6,195,000; averaging 58 days on the market. 9 homes are available under $1,000,000.

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

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.


ZIP Code: 91011

Location Characteristics: A delightful suburb with a rural flair, La Canada is renowned for its award winning schools, low crime rates and "small town" atmosphere. Numerous residents ride their horses through the streets and some of them even stable their horses at home. The city's general plan is to maintain and enhance the city's character as a low density, wooded, hillside residential community. 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.

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