La Crescenta Home Values October 2017:
Last month, La Crescenta home values ranged from $580,000 to $1,110,000—half of the homes sold for over $765,000, while the other half sold for less. Demand remains strong. The absorption rate in the 91214 zip code is remarkably low. As a result, La Crescenta home buyers are feeling the pinch. I am keenly aware of the inventory shortage, as I recently represented two La Crescenta home buyers. Our offers were very aggressive, both in price and terms. Despite the challenges, we stayed proactive and strategic, diligently navigating the inventory shortage.
La Crescenta Home Values October 2017 Recap:
Competition for homes in La Crescenta is fierce. Buyers often face multiple-offer situations, driving prices even higher. Sellers benefit from this demand, often receiving offers above the asking price. Because of this, serious buyers must act quickly and decisively. I advise my clients to be fully prepared with pre-approvals and strong financials. Timing is everything, especially in such a competitive market.
I stay connected with local agents and monitor new listings when they hit the market. This allows my clients to gain an early advantage. With low inventory and high demand, moving swiftly and strategically is crucial. My experience in La Crescenta gives my clients an edge, even in the most challenging markets.
Call Phyllis to learn more about La Crescenta real estate.
