Let’s dive into the La Crescenta real estate market for January 2024 and compare it to January 2023. Last month, eleven homes sold, down from January last year’s fourteen. However, the average sales and median price both decreased this January as opposed to last year.
It is interesting to note that just four out of the thirteen homes sold over the asking price. Seven sold less than the asking price. Hence, the sales price to list price being low, which is typical for this time of year. Most of these closings were escrows that opened in December of the end of November.
The least expensive home sold last month in La Crescenta was a two-bedroom, two-bathroom, 844 square-foot located at 4355 Pennsylvania. Initially listed for $785,000 and sold in thirty-two days for $803,400. The most expensive home sold was a five-bedroom, four-bathroom, 4,204 square-foot home located at 5234 Briggs Ave. Initially listed for $2,895,000 and sold in fifty-eight days for $2,774,000.
That’s a wrap on the La Crescenta Real Estate Market for January 2024.According to Core Logic:
Markets to Watch: Top Markets at Risk of Home Price Decline
The CoreLogic Market Risk Indicator (MRI), a monthly update of the overall health of housing markets across the country, predicts that Spokane-Spokane Valley, WA (70%-plus probability) is at a very high risk of a decline in home prices over the next 12 months. West Palm Beach-Boca Raton-Delray Beach FL; Tampa-St. Petersburg-Clearwater FL; Atlanta-Sandy-Springs-Roswell, GA and Deltona-Daytona Beach-Ormond Beach, FL are also at very high risk for price declines.