La Cañada Flintridge home prices continued to make modest gains as the inventory of available properties shrank in April, according to real estate data released this week.
The average price per square foot for a home in April was $465.01, up from $431.56 the previous month, according to Keller Williams Real Estate Services, which tracks the Crescenta-Cañada, Glendale and San Fernando markets.
The average sale price in the 91011 ZIP Code was $1.25 million, a 9.6% increase from April 2009.
“As supply dwindles prices appear to be actually trending upwards, which is good news for people, “ Keller Williams agent Keith Sorem said. “I don’t think they will go back to where they were in 2007, but [La Cañada] is better than other markets where prices continue to decline.”