Let’s dive into the La Crescenta Housing Market July 2020:
The number of La Crescenta homes sold in July more than doubled from June. Last month, the least expensive La Crescenta sale was a one-bedroom, one-bath, 652-square-foot home on Pennsylvania Ave., which sold for $534,900. This starter home sold for the asking price. The most expensive La Crescenta home sale was a four-bedroom, three-bath, 2,706-square-foot home located at 2435 Orange Ave., which sold for $1,784,000. The absorption rate of .57% is the lowest of the year.
The number of days on the market (DOM) is also the lowest of the year. The average selling price is the highest year to date. It’s the ideal time to sell your La Crescenta home.
Last month, twenty-three homes in the 91214 zip code sold over the asking price. Eight homes sold at the asking price, and nine homes sold less than the asking price.
The La Crescenta housing market couldn’t be much stronger for home sellers. It’s the ideal time to sell your La Crescenta home.
I am guessing that buyers returning to the home search as we all get more accustomed to living with COVID-19 combined with the usual summer surge have created this hot sellers market.
Lots of demand and little supply. And yes buyers are out in droves..nervous at first but this is the new normal.