The Median Listed Property in La Canada, Part 1


 I didn’t start out to write about this amazing coincidence; I swear this is true.  My last blog on the highest listed property in La Canada received pretty good reviews.  So I decided to write a post on the median listing.  That’s interesting, right?  For those of you who might have skipped fifth-grade math (which I didn’t but it was the last math class I really understood), the median is the point at which half of the listings are higher priced and half are lower.  I went to the Multiple Listing Service and plugged in La Canada active listings and then statistics.  The site spat out the average, the median, and so forth.  Not to worry, I am getting to the point.  The median active listing right now in La Canada has the following characteristics:

A list price of $1,392,500, 4 bedrooms, 3.5 baths, 2749 square feet, and a market time (days on the market) of 62 days.

So, ok, like a good little researcher, I now searched for an active property in La Canada which came closest to those statistics.  There were two contenders.  One, located at 1418 El Vago, has a list price of $1,390,000, 6 bedrooms and 5 baths, 4120 square feet and has been on the market 64 days.  The other, located at 5221 Vista Lejana Lane, has a list price of $1,395,000, 5 bedrooms and 3 baths, 2568 square feet and has been on the market for 15 days.

So, which comes closer?  I think the second one.  Am I right or am I wrong?  Now to the swearing/coincidence part.  Finally, I know.

The second one is MY listing!  I promise you I had no idea.  None, zip, zero.  But now that I have embarked upon this enterprise I cannot let you all down.  So I will proceed with showcasing this magnificent, if median, listing which, if at any time you get bored reading about on this blog, can be located at 5221 Vista Lejana.com.

La Canada has a lot of horse trails.  If you look at my website (NancyWrightRealtor.com)you will see the entrance to one pictured  in the slideshow of La Canada.  We still have quite a few horse properties but most of them are in Flintridge, which for those of you who don’t know are in the southern part of the town, below Foothill.  Anyway, back to the ranch.  Literally.  Because 5221 Vista Lejana IS a little ranch.  And not so little in some ways.  For instance it is set on over a half an acre or rolling lawn, orchards and corral plus stalls.   Luna lives here and welcomes visits from people, prospective buyers or otherwise. She is definitely not included with the property.

Luna at home

That is a large lot, especially since all of it is usable.  This is a view from Luna’s perspective, looking longingly at the big house and hoping for a carrot to come walking her way.

 

And the front is pretty, too.    I have very fond memories of this place as we used to live directly next door.  The owners have done great things with it over the years.  Next time:  the interior.

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2 thoughts on “The Median Listed Property in La Canada, Part 1

  1. Coincidence,……. I think not. As a long time client I’ve always been impressed with your attention to the most important part of real estate, the ability to research and determine a fair price based on the median of the market. It must work, you just helped us sell two houses, one in a day bid up over the asking price, and another well under the median time on the market.

    “This is not the wisdom of the crowd, but the wisdom of someone in the crowd. It’s not that the network itself is smart; it’s that the individuals get smarter because they’re connected to the network.”
    — Steven Johnson (Where Good Ideas Come From: The Natural History of Innovation)

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