La Crescenta Home Sales February 2017:
Last month, sixteen homes sold in La Crescenta. Prices ranged from $699,996 to $1,150,000. This wide price range reflects the variety of properties available in the area. The market conditions are striking. The absorption rate is extremely low. If no new La Crescenta homes were listed for sale, the existing inventory would be gone in just one and a half months. Such a quick turnover highlights a severe shortage of available homes. As a result, the market is highly unbalanced. It strongly favors sellers. Buyers face tough competition, often having to move quickly and make strong offers.
Every Tuesday, Kris, Joe, and I preview the new listings in La Crescenta. We carefully evaluate each property. We know it will be a great caravan day if we come across one that stands out. These days truly energize us, as we explore the best new opportunities on the market.
La Crescenta Home Sales February 2017 Recap: The market remains dynamic and fast-paced. For sellers, it’s an ideal time to list. For buyers, it’s crucial to stay prepared and act swiftly.
Last month, sixteen La Crescenta home sales were made, ranging in price from $699,996 to $1,150,000. The extremely low absorption rate indicates that if no new La Crescenta homes were listed for sale, inventory would be depleted in one and a half months. This is a very unbalanced market, heavily favoring La Crescenta home sellers. Each Tuesday, Kris, Joe, and I look at the new listings in La Crescenta, and if we see one that excites us, that’s a good caravan day.
