La Crescenta Housing Update May 2019: Last month thirty-five La Crescenta homes (91214 zip) closed escrow. Prices ranged from a one-bedroom, one-bathroom, 720 sq ft home on Mayfield Ave. which sold for $615,000 to a five-bedroom, three-bathroom, 2,909 sq ft home at 2360 Rockdell St. selling for $1,685,000.
Eighteen of these homes sold for over the asking price. Seven of these La Crescenta listings had a price reduction before selling. Fourteen sold for less than the original asking price, and three at the asking price.
From Core Logic: “Homeownership remains an important part of the American dream. Our research found that being a homeowner makes consumers feel safe in their homes. Renters really want something to call their own. However, until affordability comes back into balance, renters will have difficulty purchasing a home.”
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