Let’s crunch the La Crescenta Real Estate Update numbers in November 2020. The least expensive home sold was 4740 Boston Avenue. This two-bedroom, one-bathroom, 986-square-foot home was initially listed for $749,000. It sold in four days for over asking at $767,500. The most expensive sale was a five-bedroom, four-bathroom, 4,184-square-foot home located at 2654 Prospect Ave. This luxury La Crescenta home sold for $1,695,000 which was $100,000 less than asking.
Seventeen homes closed escrow last month. This number dips slightly from last month. However, it aligns with seasonal trends. Notably, eleven homes sold above asking. Meanwhile, two matched their asking price. Only four sold below list price. Additionally, we closed escrow on our listing at 3032 El Caminito. We listed this La Crescenta pool home for $1,185,000. Ultimately, it sold for $1,320,000. Strong buyer demand drove the premium. Consequently, well-priced homes attract fierce competition. For instance, renovated properties often spark bidding wars. Furthermore, Glendale’s Montecito Park neighborhood boosts appeal. As a result, quick sales remain common. Nevertheless, low inventory challenges buyers. Therefore, expect intense market activity to continue.
Well priced homes continue to sell over asking price. The sales price to list price ratio for November was 103.43%. Contact us to learn more about La Crescenta real estate values.
