La Crescenta Home Sales November 2016: Last month the least expensive La Crescenta home sale was 3061 Sycamore Ave. This 807-square-foot home was sold for $580,000 – more than half a million dollars! The other end of the spectrum was 5052 Humphrey Way, one of the community’s favorite cul-de-sacs. This home sold for $1,220,000. The median price indicates that half of the homes sold for more than $805,000 and half for less.
La Crescenta Home Sales November 2016 Recap
La Crescenta home sellers, don’t take your home off the market for the holidays. While it might seem like a slow season, the opposite is true. Inventory is incredibly tight. In fact, the absorption rate in La Crescenta is just 1.24%. This reflects that if there were no new listings, we would run out of inventory in just over five weeks. This low percentage highlights how competitive the market is for buyers. With fewer homes available, serious buyers are eager to find the right property. Keeping your home on the market increases your chances of attracting motivated buyers. So, take advantage of this demand and keep your property listed.
Interested in learning more about La Crescenta real estate? Phyllis is just a phone call away – 818 790-7325.
