La Crescenta home values continue their rise. Average days on market dwindles because some listings are selling off market, prior to going in the multiple listing service. The 1.14% absorption rate reflects what an unbalanced market this is. It’s going to be a difficult spring for La Crescenta home buyers and a great one for sellers.
La Crescenta home values
The $8,000 federal tax credit expired in June of 2010 which is reflected in the sharp decrease in La Crescenta real estate values in 2011 vs. 2010. This tax credit put first time home buyers in a feeding frenzy which cooled once the tax credit expired. Keep current on home values in your neighborhood @ www.LA-HomeValues.com