La Crescenta Housing Update May 2019: Last month thirty-five La Crescenta homes (91214 zip) closed escrow. Prices ranged from a one-bedroom, one-bathroom, 720 sq ft home on Mayfield Ave. which sold for $615,000 to a five-bedroom, three-bathroom, 2,909 sq ft home at 2360 Rockdell St. selling for $1,685,000.
La Crescenta Housing Update May, 2019 Recap:
Eighteen of these homes sold for over the asking price. Seven of these La Crescenta listings had a price reduction before selling. Fourteen sold for less than the original asking price, and three at the asking price.
Homeownership is a cornerstone of the American Dream. This ideal promises stability and success. Owning a home symbolizes personal achievement. Homeowners feel secure in their spaces. They enjoy control over their environment. Renters, however, yearn for ownership. They crave a property to call theirs. Pride in ownership motivates them. Yet, affordability creates a steep barrier. High home prices block many renters, and soaring interest rates strain budgets. Stagnant wages limit down payment savings. Renters struggle to enter the market. Lower prices or higher incomes could help. Until then, renters remain stuck. Homeownership stays out of reach. The dream persists, but challenges grow. Economic shifts will shape the future.
Interested in knowing more about La Crescenta real estate? Give me a call @ 818 790-7325.
