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La Crescenta Real Estate Statistics

If you have been looking for a home, you are aware that most new La Crescenta listings sell quickly. The absorption rate of less than two months’ supply reflects this fact. There are three reasons inventory is low.

February 2016 La Crescenta Real Estate Sales

I love compiling these real estate statistics each month. But the beginning of the year is a poor indicator as there is just insufficient data. Let’s look at La Crescenta real estate statistics year over year: Last February (2015) 13 homes sold at an average price per square foot of $433. The average La Crescenta home sold in 46 days at an average selling price of $694,238. The average home sold for 100.24% of list price. The absorption rate of 2.69 indicated it was less of a seller’s market last year. The median selling price was $658,000.  Congratulations are in order for those who bought a La Crescenta home last year.


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