La Crescenta and La Canada real estate and homes for sale in California - Janet Ames, REALTOR® Janet Ames REALTOR(r) for La Crescenta and La Canada, California real estate - NUMBER1EXPERT™ Janet Ames NUMBER1EXPERT(tm) for La Crescenta and La Canada, California real estate
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Janet Ames, REALTORŪ, real estate agent and broker for La Crescenta and La Canada California home listings, property and land for sale - NUMBER1EXPERT(tm)
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Local Real Estate Market: La Crescenta and La Canada California home buying, real estate listings, and homes for sale in Los Angeles                    County, CA
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About the La Crescenta and La Canada Real Estate Market
 

LA CANADA 

The real estate market in La Canada remains a strong sellers market, with more people looking to purchase real estate in the area than listings for sale. Homes are selling quickly with an average of 33 days on the market, up from a 43-day average a year ago. There is currently a strong demand for homes in the $700,000 to $1,500,000 range, a trend likely to continue given the fact that La Canada is one of the wealthiest communities per capita in Southern California. The excellent school system in the area is also a strong consideration for people considering relocation. Overall, home prices in La Canada range from about $300,000 up to $4,500,000. For July 2003, a total of 55 homes closed in La Canada at a median price of $835,000 (up from a median price of $654,500 a year ago). The average cost per square foot was $391. 

LA CRESCENTA 

The real estate market in La Crescenta continues to be a seller's market fueled by a low listing inventory and a high number of buyers. Many people are looking to buy in La Crescenta, drawn by the charm of small town living so close to major urban metropolises such as Los Angeles. The award-winning schools attract people looking to relocate. Multiple offers and a sales price over the original list price are common; however, it is still possible to pick up a fixer for those looking for a bargain or "sweat equity". For July 2003, a total of 61 homes closed at a median price of $450,000, a 16% increase over the median price of $351,000 a year ago. The price per square foot was $337. 


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Real Estate Tips
First Time Buyers >Insuring Your Home

Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.

Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.

Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate sum or full replacement value be stipulated. Watch out for agreements which read "as now insured". This is an all-too-common practice which usually indicates that the seller does not to want to increase inadequate insurance coverage.

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Real Estate Trivia
Q 
What famous American monument is also the world's heaviest statue?

A 
The Statue of Liberty, officially named "Liberty Lighting the World", weighs 54.31 million pounds.
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Janet Ames, REALTORŪ, real estate agent and broker for La Crescenta and La Canada California home listings, property and land for sale - NUMBER1EXPERT(tm)

Janet Ames
Ellis Realty

3156 Foothill Blvd
La Crescenta
CA 91214
Office: 818-248-3669 X217
Direct: 818-248-4112
Fax:: 818-248-4510
janet-ames@msn.com

Trust Janet Ames to protect your real estate needs. Her goal is for her clients Happiness. Janet's expertise distinguishes her among the top realtors in her area. She goes the extra mile to help you find your dream home. Contact Janet today!

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