If you have been looking for a home, you are aware that most new La Crescenta listings sell quickly. The absorption rate of less than two months’ supply reflects this fact. There are three reasons inventory is low.
I love compiling these real estate statistics each month. But the beginning of the year is a poor indicator as there is just insufficient data. Let’s look at La Crescenta real estate statistics year over year: Last February (2015) 13 homes sold at an average price per square foot of $433. The average La Crescenta home sold in 46 days at an average selling price of $694,238. The average home sold for 100.24% of list price. The absorption rate of 2.69 indicated it was less of a seller’s market last year. The median selling price was $658,000. Congratulations are in order for those who bought a La Crescenta home last year.
