The average price per square foot of La Crescenta homes sold in August (2014) was the highest for the year. Perhaps the influx of the cash buyer is the reason that the selling price to list price decreased a bit (lowest year to date). The absorption rate decreased – less inventory.
A year ago (August 2013) there were 28 La Crescenta homes sold at an average price per sq ft of $419, taking 35 days to sell, average selling price of $699,239, at 102.81% of list. Cash sales comprised 11% of the La Crescenta real estate market.
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