La Crescenta Housing Market Update May 2018: Last month 27 La Crescenta homes closed escrow. More than half of these homes sold for over the asking price. A one-bedroom, one-bathroom home on 3rd Ave. sold for $460,000, and a four-bedroom, three-bathroom home on Orange Ave. sold for $1,575,000. Click here to learn more about event pricing and how it appeals to the herd mentality.
La Crescenta Housing Market Update: May 2018 Recap:
The La Crescenta housing market showed strong activity in May 2018. Homebuyers eagerly searched for properties in this desirable community. As a result, demand remained high. Home prices continued to rise. Many sellers saw multiple offers on their homes. This competition drove prices even higher—well-maintained properties sold quickly. In many cases, they went above the asking price.
Inventory remained low throughout the month. This shortage pushed buyers to act fast. Homes spent less time on the market compared to previous months. Sellers benefited from quick transactions and favorable terms. Looking ahead, experts predicted continued demand. Low inventory levels suggested prices would remain strong. For both buyers and sellers, timing proved crucial in this competitive market.
Overall, May 2018 was a seller’s market in La Crescenta. High demand, rising prices, and limited inventory created ideal conditions for those looking to sell. Buyers had to move quickly and act decisively to secure their dream home.
