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La Crescenta August 2015 Home Values

Even with rising home prices, many homeowners who have considered selling are deciding not to because they are caught in an affordability squeeze that is compounded by a lack of inventory. 35% of homeowners have considered selling their home in the past year, and of that share, 64% are reluctant to sell because they are finding they can’t afford the home they really want.  Read more here:

 The average La Crescent home is selling in a month and a half. The absorption rate of 1.35%  is crazy low.

La Crescenta August 2015 Real Estate Stats

Overall:
Southland home sales hit a 9 year high in July (from 2006).
Inventory is increasing.
Cash transaction fell to 22%

If you are thinking of getting your home on the market, this may be a great time – call me and let’s chat!

Search all La Crescenta listings here

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