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La Crescenta Housing Update February 2020

After crunching the numbers in the MLS, we are ready to give you the lowdown on La Crescenta real estate. La Crescenta Housing Update February 2020:

In February 2020, nineteen La Crescenta homes (91214 zip) closed escrow. Prices ranged from a two bedroom, two bathroom, 1,336 sq ft home on Montrose Ave. which sold for $630,000 to a four bedroom, three bathroom, 3,087 square foot home at 2504 Fairmount Ave. selling for $1,615,000.

Eleven of these homes sold for over asking price. Only one of these La Crescenta listings had a price reduction prior to selling.  Four sold for less than the original asking price and four at asking price.

La Crescenta Housing Update February 2020

Selling your La Crescenta home? The timing couldn’t be better for you. The absorption rate of 1.05% indicates that if there were no new listings, we would run out of housing inventory in just about a month. The current La Crescenta housing market is very unbalanced and very heavily favors home sellers.

Interested in knowing more about La Crescenta real estate? Give me a call @ 818 790-7325. Or click here to keep apprised of real estate values in your neighborhood.

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