La Crescenta June 2015 Real Estate Statistics: Harb and Co. analyzes the previous month’s La Crescenta real estate statistics. The absorption rate is 1.0%—a more normal rate would be four or more months’ supply of real estate listings. Homes are selling quickly, and last month’s statistics show that the average home is selling nearly 4% above asking price, the highest rate this year.
La Crescenta June 2015 Real Estate Statistics Recap:
The sales price-to-list ratio just hit its highest point this year. Homes are selling fast—and for top dollar. At the same time, the absorption rate is only 1%. This means that if no new homes hit the market, all current inventory would be gone in just one month—an incredibly low number. In short, this is a highly unbalanced market. Demand far outweighs supply.
Because of this, buyers must be prepared. More importantly, they need to work with a local Foothill Realtor who knows the area and the agents. A strong agent has relationships within the Realtor community. That network can give buyers early access to listings and insider knowledge on how to craft a winning offer. Even more, the right agent tracks market trends in real time. This insight is critical in multiple offer situations where every detail counts—timing, price, and terms. In a competitive market, preparation and representation make all the difference.
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