Let’s dive into the La Crescenta Real Estate for April 2024. Just twelve homes sold last month. Ten of the twelve sold homes sold over their asking price and two at asking. A five-bedroom, three-bathroom home at 5414 Vista Del Arroyo Dr. sold for $620.71 per foot. A two-bedroom, one-bathroom home at 3841 Vista Ct. sold for $1,047.79 per foot.
The least expensive home sold in La Crescenta was a two-bedroom, one-bathroom, 764-square-foot home at 3704 3rd Ave. The seller priced the listing at $649,000 and it sold in only five days for $725,000. The most expensive home sold was a five-bedroom, five-bathroom, 3,456-square-foot home located at 5812 Edmund Ave. Initially listed at $2,499,000, it sold for $2,500,000 in thirty-five days.
Days on market is the lowest for the year. The absorption rate of less than 2% indicates it continues to be a very strong seller’s market. From Core Logic: As with many economic indicators, the road to normalizing housing markets remains bumpy. While home sales and inventories are improving from last year’s bottom, higher mortgage rates continue to challenge affordability and keep many potential buyers on the sidelines. Despite new listings jumping by double digits in many markets, pending home sales activity is tracking about 5% to 7% higher through March compared with last year.
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