Main Content

Home » La Crescenta Housing Market April 2020

La Crescenta Housing Market April 2020

Let’s dissect the La Crescenta housing market for April 2020:

In April 2020 the least expensive La Crescenta sale was a one bedroom, one bath home. This 600 square foot home is on 3rd Ave.  and sold for $453,000.  The most expensive La Crescenta home sale was a four bedroom, four bath 2,292 square foot home located at 235 Timberlake Dr. for $1,370,000. The current absorption rate of 2.% continues to indicate a very strong seller’s market.  In April 2019 there were 17 La Crescenta home sales, while last month just 11. Yes, COVID has impacted real estate. Many homeowners are waiting to put their homes on the market.

La Crescenta April Housing Market 2020

 

La Crescenta Market Update April 2019

Where do we see La Crescenta housing prices headed? 

“The CoreLogic U.S. Home Price Index is predicted to remain largely unchanged over the next year. Although the economic fallout from lockdown orders, put in place to fight the spread of COVID-19, will be profound, the basic supports for a rebound in home purchase activity remain in place. Once the shelter-in-place policies are lifted, we expect millennials, who submitted home-purchase applications well into the crisis, to lead the way back to a positive, purchase-driven housing cycle.”

 

 

 

 

 

Leave a Reply

avatar
  Subscribe  
Notify of