La Crescenta Market Report, September 2015

Chart: Inventory vs Sales La Crescenta

Inventory vs Sales

La Crescenta continues to be the hottest area in the Foothills.  Great for home sellers, tough for home buyers.  There is practically zero inventory for the buyers… but prices are staying relatively stable.  How is this happening?

We are at 1.6 months worth of inventory in September, a near laughably low inventory.  that being said, new contracts feel as steeply as everywhere else in the Foothills, so sellers still need to go into the 4th quarter with some caution.

Prices, though, are staying pretty firm:

Chart: Average Price per Square Foot La Crescenta

Average Price per Square Foot

This is due to a steep run up in price in the spring- up over 14% from February average price per square foot.  Our wages and consumer confidence can’t sustain any further price gains right now…. so if a home is overpriced, it sits, small inventory/strong demand not withstanding.

If you are a buyer, however, do not despair!!!

Chart: Inventory vs Sales, Condo/TH in La Crescenta

Inventory vs Sales, Condo/TH in La Crescenta

The condo/townhouse market has strong supply right now!  In fact, why not take a look at the best townhouse on the market right now?  2721PiedmontAve.com is in Montrose with on the sidewalk front entrance and attached direct access 2 car garage for only $469,000.  Click the link for stunning photos and 3d Scan!

Are you curious about the value of YOUR home? Fill out the quick form below and we’ll prepare a simple market report for just you. If you are more then “just curious” leave your phone number as well. In order to give you a truly useful report we need more than just your address. Don’t worry. We never share your information or hassle you with unwanted phone calls.

Calculate Home Value

Leave a Reply