Starting off with early August, I’ll compare the following communities to the start of the July market. Let’s take a closer look at the real estate markets of Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge. These insights are valuable for buyers, sellers, and property owners wanting to understand the communities’ market dynamics. The stats provide an overview of active listings, median prices, and sales trends over the past 30 days compared to the previous month. The perfect dose of information. For more help understanding how the market affects your buying or selling power, feel free to call, Robbyn Battles 818-38-1631.
Sunland-Tujunga Market
August Stats:
- Active Listings: 40
- Median List Price: $1,099,944
- Price per Square Foot: $681
- Number of Homes Sold (past 30 days): 22
- Median Sold Price: $968,138
- Average Market Time: 12 days
July Stats:
- Active Listings: 45
- Median List Price: $1,059,500
- Price per Square Foot: $722
- Number of Homes Sold (past 30 days): 22
- Median Sold Price: $1,009,000
- Average Market Time: 16 days
Analysis:
- Decrease in Active Listings: Down from 45 to 40, indicating a tighter inventory.
- Increase in Median List Price: From $1,059,500 to $1,099,944, reflecting a higher asking price.
- Decrease in Price per Square Foot: From $722 to $681, suggesting sellers may be adjusting prices.
- Stable Sales Volume: 22 homes sold in both months.
- Shorter Market Time: Average time reduced from 16 to 12 days, indicating quicker sales.
La Crescenta-Montrose Market
August Stats:
- Active Listings: 31
- Median List Price: $1,399,000
- Price per Square Foot: $881
- Number of Homes Sold (past 30 days): 19
- Median Sold Price: $1,352,745
- Average Market Time: 14 days
July Stats:
- Active Listings: 29
- Median List Price: $1,398,000
- Price per Square Foot: $808
- Number of Homes Sold (past 30 days): 26
- Median Sold Price: $1,290,000
- Average Market Time: 17 days
Analysis:
- Slight Increase in Active Listings: From 29 to 31, showing more inventory.
- Stable Median List Price: Minimal change from $1,398,000 to $1,399,000.
- Increase in Price per Square Foot: From $808 to $881, indicating higher value per square foot.
- Decrease in Homes Sold: From 26 to 19, suggesting a slower sales pace.
- Shorter Market Time: Reduced from 17 to 14 days, pointing to quicker transactions.
La Cañada Flintridge Market
August Stats:
- Active Listings: 36
- Median List Price: $3,772,500
- Price per Square Foot: $933
- Number of Homes Sold (past 30 days): 17
- Median Sold Price: $3,120,000
- Average Market Time: 15 days
July Stats:
- Active Listings: 41
- Median List Price: $2,980,000
- Price per Square Foot: $917
- Number of Homes Sold (past 30 days): 8
- Median Sold Price: $2,775,000
- Average Market Time: 28 days
Analysis:
- Decrease in Active Listings: From 41 to 36, indicating less inventory.
- Significant Increase in Median List Price: From $2,980,000 to $3,772,500, reflecting higher asking prices.
- Slight Increase in Price per Square Foot: From $917 to $933.
- Increase in Homes Sold: From 8 to 17, showing higher sales activity.
- Shorter Market Time: Reduced from 28 to 15 days, indicating faster sales.
Conclusion
Comparing August to July, the La Cañada Flintridge market shows the most significant improvement, with a notable increase in the median list, sold prices, and faster sales. Sunland-Tujunga presents a stable market with consistent sales and shorter market times, while La Crescenta-Montrose sees a higher value per square foot but fewer sales. Overall, La Cañada Flintridge leads with the strongest market performance, while La Crescenta-Montrose experiences a slight slowdown in sales activity.