After crunching the numbers in the MLS, we are ready to give you the lowdown on La Crescenta real estate. La Crescenta Housing Update February 2020:
In February 2020, nineteen La Crescenta homes (91214 zip) closed escrow. Prices ranged from a two-bedroom, two-bathroom, 1,336 sq ft home on Montrose Ave., which sold for $630,000, to a four-bedroom, three-bathroom, 3,087 square foot home at 2504 Fairmount Ave. selling for $1,615,000.
Eleven of these homes sold for over the asking price. Only one of these La Crescenta listings had a price reduction before selling. Four sold for less than the original asking price, and four at the asking price.
La Crescenta Housing Update February 2020 Recap:
Selling your La Crescenta home? The timing couldn’t be better. Homes are flying off the market. The absorption rate is just 1.05%. If no new listings appeared, the entire inventory would be gone in about a month. This creates a strong sense of urgency for buyers. The La Crescenta housing market is clearly unbalanced. Right now, it heavily favors home sellers. Demand is high, and competition is fierce. This is your moment to maximize your home’s value.
Interested in learning more about La Crescenta real estate? Call me at 818 790-7325, or click here to keep apprised of real estate values in your neighborhood.
