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NEWS
By Ruth Longoria | January 31, 2008
As prices dip and California soars to the top of the list in the nation for real estate foreclosures, Realtors in this little hamlet are holding their collective breath for ?the other shoe to drop? ? but, as yet, prices and sales don?t appear to be affected by national, or local trends, said Carey Haynes, Realtor with Keilholtz Realtors, Inc., in La Cañada Flintridge. This is true in several small ?micro-markets,? upscale zip codes (such as 91011) where ?prices are up this year over last, and plenty of buyers still want to move in,?
NEWS
By Megan O’Neil | September 17, 2009
After a year defined by tightening credit lines, falling home values and foreclosures, La Cañada Flintridge real estate agents said this week that they are seeing some indication that a recovery in the residential real estate market is underway. Janice McGlashan, an agent with Coldwell Banker, said there are currently 78 houses listed for sale in the city. That number is down from more than 100 houses that were listed late last year and early this year, she said. ?Interestingly enough, our month of August was very successful here in town,?
BUSINESS
April 19, 2007
An informative, free seminar that will provide powerful wealth building techniques designed to assist real property owners will be presented on May 22 at the La Cañada Country Club. Among the information offered will be: 1031 Tax Deferred Exchanges. Valuable ideas will be offered on exchanging and deferring taxes on the gain of proceeds from real estate sales. Tenant In Common Ownership . Attendees may be surprised to discover new ways to hold title that could be helpful in reducing taxes.
BUSINESS
October 26, 2006
With more than 400 in attendance, Dilbeck Realtors GMAC Real Estate recently rolled out its new branding statement at the Sportsmen's Lodge in Studio City. Dilbeck President Mark Dilbeck made the announcement. "Today we are rolling out our new primary marketing statement, that will be known as our branding statement, 'Generations of Trust for Generations to Come,'" Dilbeck said. With this statement, Dilbeck Realtors is leveraging the past, while focusing on the future.
NEWS
December 2, 2004
by Jacqueline Chen Realtor Sam Buchanan, an 11-year resident of Sugar Loaf Drive, gets frustrated when he hears rumors that La Cañada's real estate market has slowed down. "There were five or six weeks during the summer when it was a little slow," he said during a telephone interview during Thanksgiving week. "I think it's because people are getting over (the terrorists' attacks of) 9/11 and are starting to travel again, but things have picked up. "There's so little inventory, and it's continued to decline over the last three years because there are so many more buyers," he said.
NEWS
By Megan O'Neil, megan.oneil@latimes.com | July 28, 2010
The Trader Joe's shopping center at 475 Foothill Blvd. recently sold for $16 million, according to the real estate firm that helped broker the deal. A group of private commercial real estate investors bought the property, said William Asher of Hanley Investment Group Real Estate Advisors. The property was never on the market, and the new owners assumed an existing loan. "It was a rare sale of a pride-of-ownership neighborhood shopping center in the Greater San Gabriel Valley area and overall in today's market," Asher said.
NEWS
By Joe Piasecki, joe.piasecki@latimes.com | April 13, 2011
A La Cañada Flintridge woman who spent years perfecting every aspect of an aristocrat’s dream home has put it on the market for a staggering $10.7 million, an asking price that aims to set a new bar for local real estate values. It’s an impressive space: 8,000 square-feet of high ceilings, carved marble fireplaces, stately polished limestone floors, seven bedrooms and living spaces wide open to natural light that pours in from an expansive courtyard and pool area. But for all of the grand aspirations, reminiscent of an 18th-century French royal chateau, the 567 Meadow Grove St. estate owned by Heather and Austin Kim is really a monument to obsessive detail.
NEWS
July 13, 2006
La Cañadans Kevin Ehrhart and Nelson Rising were honored when the Los Angeles County Bar Association held its annual real estate awards dinner on June 13 at the Riviera Country Club. Ehrhart, a partner of Allen Matkins Leck Gamble Mallory & Natsis, was one of the three recipients of the Outstanding Young Real Estate Lawyer Award. Ehrhart's practice focuses on the acquisition, disposition and financing of various types of real estate assets with an emphasis on commercial and industrial buildings, hotels, golf courses and undeveloped land throughout the country.
BUSINESS
August 31, 2006
Dilbeck Realtors GMAC's La Cañada Flintridge office branch managers Lynn Beckenhauer and Carole Kunz were pleased to announce that Leona Dukes recently joined their staff of professionals. Dukes has over 12 years of Real Estate experience and comes to Dilbeck from another local firm. She specializes in residential, business and commercial properties in the Foothill areas including Glendale, Eagle Rock and Arrowhead. Dukes' strong negotiating skills, extensive knowledge of the market and ability to listen to her clients' goals and provide solid real estate guidance all along the process makes her the perfect choice for a Realtor.
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NEWS
By Tim Traeger, tim.traeger@latimes.com | January 9, 2014
With the news that the 12,000-square-foot Stratford Manor recently hit the market with an eye-popping $13.3 million price tag , a record for the real estate world in La Cañada Flintridge, one Realtor said there are other pricey properties on the market in this city. Commercial Real Estate broker Eon Lew said there are several other properties now on the market that carry hefty asking prices. “In terms of a residential market, it's as strong as it's ever been,” said Lew, of Keller Williams Realty in Glendale.
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NEWS
December 25, 2013
In the Mailbag section of the Dec. 19 Valley Sun a letter writer extolled the proposed zoning changes slated for La Cañada . I have to assume that said writer does not live in any of the areas affected by those proposed changes. Her next-to-last paragraph read: “The slight, if any, decrease in real estate values should be considered a badge of honor rather than a catastrophe among we who materially have so much.” She, obviously, is not among those who need to maintain or, with good fortune, even slightly increase every penny of real estate value accrued to our property.
NEWS
By Tiffany Kelly, tiffany.kelly@latimes.com | December 18, 2013
A shopping center in La Cañada Flintridge that will soon house a new Gelson's market has sold for $35.9 million, a real estate services company that handled the transaction announced this week. The Plaza de La Cañada, located at Foothill Boulevard and Oakwood Avenue, was sold by Vons Companies Inc. to Retail Opportunity Investments Corp., a real estate company that owns several other shopping centers along the West Coast. The 100,408-square-foot retail center was anchored by Vons until the supermarket closed in October.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com, Tiffany Kelly, tiffany.kelly@latimes.com | July 24, 2013
As home prices rise across Southern California, buyers face stiff competition in La Cañada Flintridge and surrounding areas. Phyllis Harb, with Prudential California Realty in La Cañada, said there is a shortage of homes on the market, which could be a problem for buyers looking for a deal. "Affordable homes are selling very quickly," she said. "Most are selling for well over asking price. " The number of foreclosures and short sales in the city have fallen "dramatically," she added.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | December 19, 2012
Home buyers are skipping the traditional holiday hibernation in the residential real estate market, vying for available properties and pushing price increases in cities in and around Pasadena. The average purchase price of homes in Pasadena and La Cañada Flintridge rose in November compared to a year earlier, continuing a trend that took hold in the second half of 2012. In La Cañada, the average price of a home sold in November was $1.66 million, according to statistics compiled by agent Keith Sorem at Keller Williams in Glendale.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | October 20, 2012
Despite a tight real estate market that has seen buyers frustrated by the declining number of available homes for the past six months, prices haven't yet adjusted to the scarcity, further limiting the incentive for homeowners to sell, according to area real estate agents. Roughly 60% as many homes were listed for sale in Pasadena, La Cañada Flintridge and nearby cities in September 2012 as were on the market the previous September, but average sale prices across the board are lower than they were a year ago, according to figures compiled by Glendale-based Keller Williams agent Keith Sorem.
NEWS
October 6, 2012
This post has been updated. Three people were arrested Friday in connection to a scheme around a foreclosed La Cañada Flintridge property, according to Los Angeles County Sheriff's officials. Saliya “Sal” DeSilva, 49, of Northridge, Nora Yefima, 50, of Santa Clarita and Vahe Hayrapetian, 45, of Burbank allegedly coordinated the complex scheme that defrauded $1.5 million from Bank of America and Fidelity National Title Company. Bank of America foreclosed on the Gould Avenue property after the previous owner failed to pay off $3.5 million in loans.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | July 21, 2012
The combination of few homes for sale, low prices and extremely low interest rates continued to drive competition in the local real estate market in June, the third straight month to see buyers scramble for mid-priced properties. The number of homes listed for sale in June was lower than at the same time a year ago in Pasadena, La Cañada Flintridge, South Pasadena, San Marino and La Crescenta. While only 354 homes were listed compared to 593 a year earlier, the number of homes sold in all those cities combined was nearly the same as last June, 169 compared to 174, according to figures compiled by Glendale Keller Williams agent Keith Sorem.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | April 14, 2012
Demand for residential real estate is picking up in Pasadena and nearby cities, but prices are lagging behind at what looks like the tail end of a years-long slide. Local agents say that combination is prompting sellers to stay on the sidelines, and is driving buyers into tough competition for available homes. In March, the average price of a single-family home in La Cañada Flintridge dropped to $1.31 million from $1.38 million a year ago, according to statistics compiled by Glendale-based Keller Williams Realty agent Keith Sorem.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | January 11, 2012
Doug Drummond has been selling homes with the same real estate office in La Cañada Flintridge for 30 years. But in the currentslump Drummond is moving to a smaller firm, seeking flexibility as the market fluctuates and unusual deals - foreclosures and short sales - take center stage. ___________________________ FOR THE RECORD: This article incorrectly reported that Realtor Doug Drummond had worked at Podley Properties for 30 years. In fact, Drummond was affiliated with Podley for three years out of his 30-year career.
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