La Cañada Real Estate 101 Inside the 91011 Community

January, 2017

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Hello Everyone: Happy New Year!!! The Holidays have come and gone and 2017 is here. As 2016 came to an end, we saw the Feds raising the interest rates. We all knew it was inevitable and that it was coming but we kept hoping it wouldn’t really happen. We are being told the rates are going to go up even more. What does that mean for our market? It could mean some buyers will have less purchasing power which could translate to less buyers competing for the same properties. That could indicate less bidding wars and prices stabilizing. This won’t occur over night but if you are thinking of buying BUY NOW and if you’ve had thoughts of selling SELL NOW!! As far as real estate goes, we are still selling properties here in La Cañada. We currently have 23 properties available for sale in the La Cañada School District. We are noticing if properties are not priced well they are not getting the buyers’ attention. The lowest priced property on the market is still a 3 bedroom 2 bath at 5146 Angeles Crest Highway and they are asking $889,000. Our highest priced property on the market is still the Showcase House at 700 Berkshire Ave. asking $14,995,000. This property is priced almost double over the highest price sale in our zip code ever. Proud to report the highest price sale just closed in our office, the property at 739 Hillcrest Avenue closed escrow for $7,850,000, that escrow took forever but they finally managed to close before the end of the year and yes it is the most expensive home sold in the 91011 zip code. As you can see on the next page, we had 13 properties close escrow successfully in December. Out of those 13 properties, 6 of them sold for over the asking price and 1 sold at the asking price. Our average price per square foot went up from $613.65 in November to $631.80 in December. Please remember the average prices that I quote you every month have many variables. I would be happy to meet and explain those variables to you. If you are considering selling either now or in the future, let’s get together and discuss strategy and the most ideal time to market your property. The average price per square foot is just that, an “average”. As a professional I factor many items before pricing a property. It is very important to have an individual evaluation of your property. I would be happy to give you a free evaluation. If you are thinking of selling, this truly is a WONDERFUL time. I would be honored to help you. If you know someone that would like to live here, I would love to help them. If you have any questions about real estate or just want to know what your property would sell for PLEASE call me at (818)949-5205 or email me at Kathy@imuragent.com. I look forward to hearing from you…

Kathy’s Real Estate Notes

SUCCESSFUL DECEMBER CLOSINGS

Address List Price Sold Price SqFt $/SqFt

1990 Hilldale Drive $899,000 $930,000 2,118 $439.09

5208 Diamond Pointe Road $1,199,500 $1,205,000 1,930 $624.35

4842 Alminar Avenue $1,339,000 $1,278,000 1,816 $703.74

526 Venado Vista Drive $1,195,000 $1,300,100 2,500 $520.04

4646 Palm Drive $1,499,000 $1,385,000 1,958 $707.35

270 Saint Katherine Drive $1,695,000 $1,690,000 2,700 $625.93

5390 Harter Lane $1,749,000 $1,707,500 2,822 $605.07

522 Paulette Place $1,799,900 $1,865,000 2,800 $666.07

2198 Fairhurst Drive $1,725,000 $1,870,000 3,708 $504.32

1096 Inverness Drive $1,949,000 $2,100,000 3,379 $621.49

4762 La Canada Boulevard $2,195,000 $2,100,000 4,731 $443.88

5100 Gould Avenue $2,499,000 $2,405,000 3,539 $679.57

739 Hillcrest Avenue $7,850,000 $7,850,000 7,319 $1,072.55

PRESORTED

STANDARD

US POSTAGE

PAID

GLENDALE, CA

PERMIT NO. 1606

Community Happenings

Hello and Happy January!!!

I hope you all had a happy and healthy New Year! I am looking forward to a great year and can’t wait to see what 2017 has in store for all of us.

I am very thankful to be able to live and work in this wonderful community, and of course I appreciate your continued friendship and support of me and my business.

Thank you in advance for considering me for any real estate needs that you or any of your family/friends might have.

Have a great month….

Event Date Location

Farmer’s Market Every Saturday Across from Memorial Park

Comedy Sportz LCHS 9-12

Friday, January 13th 7:00 pm-9:30 pm

LCHS Auditorium

Martin Luther King Jr. Birthday Monday, January 16th All LCUSD Schools Closed

Choral Pops Concert LCHS 7-8

Friday, January 20th 7:00 pm– 8:00 pm

LCHS Auditorium

LCUSD Facilities Master Plan Town Hall

Monday, January 23rd 6:30 pm-8:30 pm

LCHS Auditorium

Burgers & Bubbly PCR PTA Party

Saturday, January 28th 5:00 pm-11:00 pm

La Cañada Country Club

Chinese New Year Saturday, January 28th

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