The most expensive home sold last month, December 2019, was 5040 Rosemont Avenue La Crescenta. This 3,522-square-foot home was initially listed for $1,695,000. After four months, this luxury La Crescenta home was sold for $1,560,000. The sellers of this Foothill home purchased it for $810,000 in 2016. At that time, the home was just 1683 square feet.
There are different market segments, as noted in the Core Logic Blog: This economic environment should add to first-time buyers’ desire to own. But with supply expected to remain lean, especially for lower-priced homes, look for a quickening in price growth and for lower-priced homes to appreciate more than higher-priced. Our Home Price Index Forecast has prices up by more in 2020 than in 2019.
Rising home prices will create more home-equity wealth in 2020, helping to sustain consumption spending. It also means that overall delinquency and foreclosure rates will likely remain at or below current levels, already the lowest in more than 20 years.
MLS remarks for 5040 Rosemont Avenue La Crescenta read:
Beautifully remodeled, virtually new home in the desired foothills of La Crescenta. Enter through the 8-foot tall accoya wood double doors to an 18-foot vaulted ceiling foyer. Open views through to the beautifully 3-tiered landscaped backyard. Step out onto the brand-new grass through the 8-foot sliding glass doors from the living room. A new putting green and Pergo decks fitted with 110 Volt and 220 Volt electricity can be found at the top tier.
A covered patio leads directly to the dining area and into the brand-new kitchen with a 5-foot island, dual ovens, brand new quartz countertops and large farmhouse sink. Downstairs two guest bedrooms, a shared bathroom and ensuite bedroom. Laundry hook-ups both in the garage and in the home. Upstairs the master bedroom has a fireplace, two walk-in closets. A large balcony overlooking the backyard and a spa like bathroom has a free-standing circle tub, a shower with oversized rainfall showerhead and private toilet room. To complete the upstairs an ensuite bedroom with balcony and walk-in closet. All bedroom closets custom finished with hanging room, drawers and shelves. Bedrooms and living room prewired for tv and internet. New house sprinkler system for fire protection, two new NEST thermostats and so much more!
