Glendale Homes and La Canada Homes (818) 396-7588
Long time Readers know that I dissect the local market each and every month. I tell you the good news and the bad while trying to impart some sense of where the real estate winds are blowing. Everyone knows it is just an educated guess, but, as I spend oodles of time listening to the [...]
It is time for the La Cañada Flintridge Home Values Report for October, 2011. Inventory vs. Sales Activity Inventory continues it’s downward trend. At just 78 homes on the market for sale, we are seeing the lowest inventory in 15 months and considerably lower than inventory levels of last year. Sales have also dropped significantly [...]
As I look at the charts of our performance in La Canada real estate I am struck by how much of our market is driven by the school schedule. Sellers and buyers jump into the market right at the first of the year. Our savvy population understands that completing the move from house “A” to [...]
CoreLogic (a real estate data company) found that more than 30% of all single family homes have an underwater mortgage. 30%!! I find this to be a staggering number. This means that, potentially, 30% of the homes on MY block owe more to the banks (or banks) than their homes are worth. California ranks fifth in the [...]
It is time to examine our numbers for August 2011. Are home values in La Cañada up or down? Is this a good time to buy? To sell? Without further ado, let’s dive into the numbers. How are sales? Our number of homes for sale is down, and has been going down, for 3 [...]