La Crescenta Home Values

La Crescenta home values continue to rise. Average days on the market dwindle because some listings sell off the market before going into the multiple listing service.  The 1.14% absorption rate reflects what an unbalanced market this is. It will be a difficult spring for La Crescenta home buyers and a great one for sellers.

The $8,000 federal tax credit expired in June of 2010 which is reflected in the sharp decrease in La Crescenta real estate values in 2011 vs. 2010.  This tax credit put first time home buyers in a feeding frenzy which cooled once the tax credit expired.