Are La Canada real estate values increasing?

20, La Canada homes sold in September, while the average price per square foot was higher than August it was lower than March thru July of this year.  The great news for La Canada home sellers is that on average homes are selling for 100.40% of list price.   Let’s take a look at La Canada real estate statistics in Sept. 2011, versus September 2012:

In September 2011, 16 homes sold, versus 20 in 2012
Last year the average price per foot was $430.26 versus this year’s $435.05
La Canada homes sold faster last September: 61 days on average, versus this year’s 77
In Sept. 2011, the average selling price was $1,071,750, versus this year’s $1,201,740
Last year La Canada home sellers could expect that they would sell their home for 96.91% of selling price versus, 2012’s 100.40%
25% of La Canada homes sales were foreclosure or short sales in both Sept. 2011 and 2012
It was more of a buyer’s market in 2011; the absorption rate 5.25% versus, this year’s strong seller’s market of 2.7%