July 7, 2008

Chevy Chase Canyon - Glendale Tour Continues Uphill

Homes listed in Glendale’s Chevy Chase Canyon have been on Redfin an average of 103 days. Here’s one, though, at 2728 Kennington Drive, that was added just 12 days ago. It is an REO the bank priced aggressively at $784,900. This home has a lot of history in the recent runup: it sold for $675,000 in 2005, $1,095,000 in 2006, and $1,250,000 in 2007. The last sale listed is for $828,800 this April 2008. Its current price of $308 per sq.ft. is lower than most listings here.

A decent number of homes (18) have sold here in this quiet enclave during the past three months. 998 Calle Canta, a large 4 bed/4 bath home, sold recently for $1,000,000, or a modest $306 per sq.ft. 2411 E. Chevy Chase sold for $645,000 and appears to have been an REO, considering the sale history. The 3 bed/2 bath home, which sold for $1,000,000 in 2006, was a reasonable deal at $278 per sq.ft.

Here is a range of Chevy Chase Canyon’s 41 home listings, at the low, mid and high end:

3124 Buckingham Road
$650,000 (short sale: pending bank approval)
3 bed/1.75 bath
1,794 sq.ft.
$362 per sq.ft.
On Redfin 47 days

2520 St. Andrews Place
$880,000 (originally $920,000)
4 bed/2.25 bath
2,798 sq.ft.
$315 per sq.ft.
On Redfin 77 days

623 Acorn Place
$1,295,000 (originally $1,399,000)
5 bed/3.5 bath
3,544 sq.ft.
$365 per sq.ft.
On Redfin 33 days