Let’s dissect the La Crescenta real estate market for October 2023. The least expensive home sold in La Crescenta was a three-bedroom, three-bathroom, 2,038-square-foot home located at 3749 1st Ave. Initially listed for $998,000 it sold in approximately four months for $965,000. The most expensive home sold was a five-bedroom, four-bathroom, 3,200 square-foot home located at 3335 Reta St. Initially listed for $1,899,000, it sold in one week for $2,120,000.
So why did average days on the market jump? The home noted above on 1st was on the market for 128 days. Another home on Olive took 124 days to sell. It was listed at $1,125,000 and sold for $1,072,500. Five homes sold over the asking price. One at the list and five below. Note the median number of days on the market was 27, meaning that 1/2 the homes sold in more than 27 days and one-half less.
When analyzing the La Crescenta real estate market for October 2023, it’s interesting to note the price disparity per square foot. The average price per square foot dropped dramatically, but three sales were below Foothill Blvd., which is often less desirable. The home noted above on 1st sold for $473.50 per foot. An 1136 home on Henrietta sold for $870.16 per foot.
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