As a top Coldwell Banker Realtor working in La Crescenta, I thoroughly analyze the market each month. Let’s dissect the La Crescenta Real Estate for March 2024. Fourteen homes sold last month; ten sold over the asking price and four under the asking price. Interestingly, all homes sold last month were over one million dollars. A four-bedroom, three-bathroom home at 3700 Santa Carlotta St sold for $579.90 per foot. A three-bedroom, two-bathroom home at 3309 Burritt Way sold for $1,021.34 per foot.
The least expensive home sold in La Crescenta was a four-bedroom, two-bathroom, 1,732-square-foot home at 3110 Orange Ave. The seller priced the listing at $1,150,000 and sold in nineteen days for $1,035,000. The most expensive home sold was a three-bedroom, two-bathroom, 2,402-square-foot home located at 2310 Panorama Dr. Initially listed at $1,599,000, it sold for $1,855,000 in just eleven days.
One home on El Moreno sold off market. A home on Frances Ave. took 107 days to sell. Seven of the fourteen sales sold in fifteen days or less. The absorption rate of 1.07% indicates that if there were no new listings coming on the market, we would run out of listing inventory in just over a month. This indicates a market heavily slanted for home sellers.
