La Crescenta Home Values
La Crescenta Values April 2017
Having sold hundreds of La Crescenta homes over my real estate career, I consider myself one the most experieinced Realtors in this community. From starter homes to luxury La Crescenta homes I have represented both buyers and sellers.
The absorption rate in La Crescenta is the lowest it has been all year. This sharp decline signals a challenging market for home buyers. La Crescenta remains one of Los Angeles’s most competitive housing markets. The low absorption rate highlights the tight supply. Buyers are still eager to purchase, but listing inventory is very limited. The draw to La Crescenta is clear. Homebuyers flock to the area for its highly rated public schools. Families prioritize education, and La Crescenta delivers. This demand drives competition as evidenced by the low absorption rate.
La Crescenta Values April 2017 Recap: Fueled by strong consumer confidence, home sales are rising. Demand remains strong across the nation. All four major regions show solid growth. Sales are up significantly from a year ago. This surge comes despite higher home prices. “Buying a home has gotten more expensive over the past year,” says NAR chief economist Lawrence Yun.
Related Post: 3411 Markridge La Crescenta just listed
