La Crescenta Market Report June 2017:
There is often confusion regarding the community of La Crescenta and the 91214 zip code. Some homes have a Glendale address while others have a La Crescenta address, but they all share the same blue ribbon schools, which is key to the popularity of this Foothill community. Click here for further explanation and to discover the various La Crescenta neighborhoods. I run the monthly La Crescenta real estate market report for all single-family homes in the 91214 zip code.
La Crescenta Market Report June 2017 Recap:
Last month, La Crescenta’s real estate market buzzed with activity. Home sales varied widely. A five hundred seventy-nine-square-foot home sold for four hundred sixty-three thousand dollars. In contrast, a three thousand two hundred fifteen-square-foot home fetched one million three hundred sixty-five thousand dollars. That larger home featured an unusual floor plan.
First, let’s examine the high-end sales. Seven of the thirty homes sold reached or exceeded one million dollars. This highlights strong demand for premium properties. Next, consider the market trends. Most La Crescenta homes sold above their list price. Multiple offers drove prices higher. Buyers competed fiercely for limited options. Now, let’s focus on inventory. The absorption rate stood at just one month’s supply. This low inventory underscores a severely unbalanced market. Sellers hold the advantage.
Finally, navigating this market proves challenging. Buyers face intense competition, and securing a home requires skill. A seasoned Realtor, experienced in La Crescenta and La Canada’s Foothill communities, becomes essential. Their expertise guides buyers to success. In short, La Crescenta’s market favors sellers. Act quickly and enlist professional help to win in this fast-paced environment.
I can’t begin to imagine living in 579 square feet! A tiny house before tiny houses were a thing?!