La Crescenta Home Statistics January 2018: La Crescenta’s real estate market challenges home buyers. The low absorption rate persists. Even the holiday season didn’t slow rising prices—half of the homes sold below $927,500. Half sold above this median price. This marks a $100,000 jump from last month. Home values varied widely—an 866-square-foot home sold for $645,000. Meanwhile, a 3,322-square-foot home on Pineridge Drive fetched $1,410,000.
La Crescenta Home Statistics January 2018 Recap: Last year’s stats tell a story. The average price per square foot was $556. The average selling price reached $867,272. The absorption rate stood at 1.22. The median selling price was $817,500. Now, buyers face a more challenging year. For example, I opened escrow on our Dyer listing. It sold well over the $950,000 asking price. Sadly, many buyers missed out. Most attended our open houses. Consequently, disappointment lingers in this competitive market.
Our La Crescenta listing at 3513 Fairesta Street attracted attention. Multiple buyers submitted offers. We expect to open escrow this week. Our in-depth marketing plan drove competition. Its prime location impressed prospects. The home’s features sparked interest. Consequently, buyers acted quickly. Now, we finalize the best offer. Soon, the sale will move forward.
