Let’s dive into the La Crescenta Real Estate stats for June 2024. Twenty-two homes sold last month. Fourteen sold over their asking price, one at asking and seven less than the asking price. A five-bedroom, three-bathroom home at 4614 Hume Ave. sold for $688.62 per foot. A three-bedroom, two-bathroom home at 5621 Freeman Ave. sold for $1,172.84 per foot.
The least expensive home sold in La Crescenta was a two-bedroom, one-bathroom, 764-square-foot home at 4122 La Crescenta Ave. The seller priced the listing at $669,000. It sold in eight days for $725,000. The most expensive sale was a five-bedroom, five-bathroom, 4,117-square-foot home at 5246 Briggs Ave. Initially listed at $2,725,000, it sold for $2,900,000 in twenty-two days.
The La Crescenta real estate update for June 2024 is sending mixed signals. The absorption rate reflects a very favorable climate for sellers. However, note that about 1/3 of the 91214 homes sold for less than the asking price. While the sales price-to-list ratio is 105.5%. It’s more important than ever for home buyers to be working with a La Crescenta real estate expert. Likely, this is due to several factors. One factor is that sometimes a seller will want to price higher than recommended. Another instance is perhaps an agent over prices. This could be a mistake or an agent trying to buy a listing while competing with other agents for the same listing. It will be interesting to find out how the numbers play out next month.
