At A Glance La Cañada Flintridge continues to have the lowest Market Activity Index of the areas I monitor. Important points this month: A big increase in new pending listings and a drop in the Months of Inventory from 8.9 to 6.9 months. Interest rates are forecast to increase by as much as a half point so now would be a great time to lock your rate. Market Activity Index 0.29, up 12 points. The Market Index is back to the same level as May-June levels - talk … (0 comments)
la canada: Real Estate Market Index Report La Canada Flintridge CA November 2009
- 12/28/09 08:28 AM
Real Estate Market Report La Cañada Flintridge, CA November, 2009 La Cañada Flintridge is continuing to retain the unique privilege of having one of the lowest Market Activity Indexes, moving down from number 6 to number 2 from the bottom. Prices appear to have resumed a downward trend, so if you are interested in buying, this would be a great time. Market Index 0.35, down 3 points. The Market Index is at 0.35 down 0.03 from last month's 0.38 and up .19 from last year's 0.16.
New Listings - 17, down from 20 last month and last … (0 comments)
Market Index 0.46, up 3 points. A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The Market Index is at 0.46 up .03 from last month's 0.43 and last year's 0.22.
New Listings - 19, down from 21 last month and last year's 17.
Pending Listings - 13 listings opened escrow, down from 15 last month. Last year 5 properties sold.
Pending Ratio - At 0.68, down from 0.71 last … (0 comments)
Market Index 0.43, up 11 points! A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The Market Index is at 0.43 up .11 from last month's 0.32 and last year's 0.23.
New Listings - 21, up from 17 last month and last year's 26.
Pending Listings - 15 listings opened escrow, equal to 15 last month. Last year 8 properties sold.
Pending Ratio - At 0.71, down from 0.88 last … (0 comments)
Market Index 0.32, up 10 points! A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The Market Index is at 0.32 up .10 from last month's 0.22 and last year's 0.22.
New Listings - 17, down from 39 last month and last year's 29.
Pending Listings - 15 listings opened escrow, compared to 10 last month. Last year 10 properties sold.
Pending Ratio - Big increase to 0.88, from 0.26 … (0 comments)
Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index is at 0.22 up from last months 0.19 and the same as last years 0.22.
New Listings - 39, up from 31 last month and last years 28. Pending Listings - 10 listings opened escrow, compared to 13 last month. Last year 9 properties entered escrow. Pending Ratio - Decreased to 0.26, from 0.42 last month. A … (0 comments)
Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index increased to 0.19 from last month and last year of 0.12. New Listings - 42, up from 35 last month. Last year we had 33. Pending Listings - 12 listings opened escrow, compared to 6 last month. Last year 4 properties entered escrow. Pending Ratio - Increased to 0.29, up from 0.17 last month. A year ago it … (0 comments)
Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index's third monthly increase to 0.20, up from 0.17 last month. A year ago the index was at 0.19, so we can see the effect the shift in the financial markets.
New Listings - 25 new listings, up from 7 last month and 14 last year.
Pending Listings - 7 listings opened escrow, compared to four last month. Last year 7 … (0 comments)
la canada: La Canada Real Estate Market Report - June, 2007
- 07/09/07 03:06 AM
It's HOTTER in La Canada Flintridge Than Most Markets! I talk with quite a few REALTORS and am always amused when they talk about "the market". My experience is that they usually use words such as "soft", "slow", and "shifting", but rarely do they have any facts to support their opinions. Or they say "because of the great schools here the market is always good". Really? Let's look at the FACTS: La Canada is a small market (in terms of the number of homes/residents) however it is VERY active. At the end of the peak selling season in June 32 new listings came … (1 comments)
la canada: La Canada Market Report, May, 2007 "Softening Prices?"
- 06/08/07 10:54 AM
La Canada has phenomenal schools, one of the main reasons that buyers stretch to buy in La Canada Flintridge. One thought is that buying a home in La Canada is about the same is about the same price as living in Pasadena and pay for private school for your children. It will be interesting to see if that idea prevails. As spring market peaks in May, we had 38 new listings hit the market, with 29 properties changing to PENDING status, or a whopping 75% pending rate, which is the highest rate of the 25 markets I track. What do the buyers … (0 comments)
la canada: La Canada Market Report - April, 2007
- 05/09/07 05:14 PM
La Canada is a very special place for those of us that live here. However, buyers from outside the area are confused. Why do the prices vary so much from one city to another? One client said, "La Canada is not a pretty place, compared to Montrose." Don't shoot me, I'm only the messenger. How is the market in La Canada doing? Let's look at April's stats and see if those great schools are still drawing: I measure the overall market with a Market Index, which is composed of key market variables we can measure. If the Market Index is greater than 1.20, … (0 comments)
la canada: Tuesday morning is broker caravan
- 05/08/07 08:46 AM
I realize that some may be surprised, but broker caravan is really valuable for me. Of all the listings coming on the market this week, guess how many were pitched at caravan today? Almost all of them. So today we had 51 listings, some were "re-caravans" with price reductions of at least 5%, but most were new. So how do you decide which listings to see? My record is 16 listings in one caravan. First, if I have a client that has a need that matches the listings, second if it's a property I haven't seen before, third obviously is if … (0 comments)
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