As a La Crescenta real estate specialist, I crunch monthly real estate numbers. Let’s take a look at the La Crescenta Housing Market for July 2021:
Out of thirty-one homes sold last month in La Crescenta, more than half sold over one million—twenty-seven of these homes sold over their asking price and four less than asking. Just two La Canada home sales had price reductions before selling. The lowest-priced home sold was a two-bedroom, one-bathroom, 773-square-foot home located at 2816 Community Ave., which sold for $673,320.
Last month two homes sold for the highest price of $1,775,000, 5352 Pineridge Dr. and 3910 Altura Ave.
Recap
The La Crescenta housing market in July 2021 is thriving. First, the price per square foot hit its highest point this year. Next, days on the market dropped to their lowest level yet. Additionally, the average selling price soared to a yearly peak. Meanwhile, the absorption rate rose slightly. However, it remains well below one percent. As a result, inventory stays extremely tight. Consequently, buyer demand far outpaces supply. Therefore, competition drives prices higher. For example, homes sell quickly at premium rates. Thus, it’s an ideal time to sell in La Crescenta. In summary, sellers enjoy strong leverage in this dynamic market.
