Let’s look in-depth at the La Crescenta real estate market for September 2023. The number of days on the market is the lowest year to date. The absorption rate remains very low, indicating an extremely strong seller market. Fourteen of the nineteen sales sold over the asking price. Just five sold less than the list price. Average days on the market ranged from 0 to 58. I sympathize with buyers it’s a really tough market. Interest rates continue to increase, and buyers are losing their purchasing power.
Last month, the least expensive home sold in La Crescenta was a two-bedroom, one-bathroom, 1,032-square-foot home located at 3654 First Ave. This starter home was initially listed for $875,000 and sold in four days for $925,000. The most expensive home sold was a four-bedroom, five-bathroom, 2,619-square-foot home located at 2911 Oakendale Pl. The seller listed this unique property initially for $2,249,000 and sold it for $2,170,000 within fifty-eight days.
In analyzing the price per foot for the La Crescenta Real Estate Market in September 2023, it’s always interesting to note the price range per foot. On the low end was a 2404-square-foot home on Los Olivos selling for just $582.36 per foot. On the high side was an 856-square-foot home on Franklin, selling for $1,144,86 per foot.
