Most Expensive Home Sold in La Crescenta for August 2018: 2640 Pinelawn Drive. This Pinecrest estate was listed for $1,399,000 and sold in 32 days for $1,600,000, more than $200,000 over the asking price. The sellers purchased this La Crescenta home for $179,000 in 1979. History continues to prove that owning real estate is a great way to increase your net worth.
Marketing Remarks:
According to CoreLogic’s June Home Price Index
there are four housing tiers. The lowest-priced tier increased nearly 10% year over year. The low to middle tier is 8%, 7% for the middle to moderate tier and 5.7% for the highest priced tier. These are nationwide numbers, but are applicable to our Foothill housing market as well. Due to the difference in the appreciation rate, this trend benefits current homeowners who are interested in moving to a more expensive home.