As I dive into my November Markets at a Glance, we must analyze recent trends in three local communities: Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge. This “Market at a Glance” report compares critical statistics from the past 30 days (as of November 5, 2024) to the previous month, providing valuable insights for homeowners, buyers, and potential sellers. Understanding these trends helps property owners make informed decisions about their investments, whether considering selling, buying, or simply gauging the market.
Community Breakdown
Sunland-Tujunga
- November:
- Active Listings: 39
- Median List Price: $950,000
- Price per Square Foot: $735
- Homes Sold: 20
- Median Sold Price: $957,500
- Average Market Time: 18 days
- October:
- Active Listings: 44
- Median List Price: $1,217,500
- Price per Square Foot: $701
- Homes Sold: 19
- Median Sold Price: $950,000
- Average Market Time: 28 days
Summary: Sunland-Tujunga saw a decrease in active listings and median list price from October to November. However, the number of homes sold increased slightly, and the average market time decreased, indicating a more active market.
La Crescenta-Montrose
- November:
- Active Listings: 26
- Median List Price: $1,498,500
- Price per Square Foot: $832
- Homes Sold: 25
- Median Sold Price: $1,305,000
- Average Market Time: 17 days
- October:
- Active Listings: 25
- Median List Price: $1,350,000
- Price per Square Foot: $807.85
- Homes Sold: 24
- Median Sold Price: $1,357,500
- Average Market Time: 20 days
Summary: La Crescenta-Montrose had stable inventory levels with a slight increase in median list price and homes sold. The quicker average market time suggests heightened buyer interest.
La Cañada Flintridge
- November:
- Active Listings: 24
- Median List Price: $4,345,000
- Price per Square Foot: $959
- Homes Sold: 21
- Median Sold Price: $1,985,000
- Average Market Time: 13 days
- October:
- Active Listings: 26
- Median List Price: $4,040,000
- Price per Square Foot: $971
- Homes Sold: 15
- Median Sold Price: $2,710,000
- Average Market Time: 21 days
Summary: La Cañada Flintridge experienced a notable increase in median list price and number of homes sold, while active listings decreased. This indicates strong market demand and a more competitive environment.
Overall Market Trends
When comparing all three communities, La Cañada Flintridge exhibited the most significant changes, with a notable uptick in median list prices and homes sold. Sunland-Tujunga also demonstrated positive movement in the number of homes sold, while La Crescenta-Montrose maintained a stable position with minimal fluctuations. This analysis highlights the varying dynamics within each community, giving potential buyers and sellers critical insights into where the market is heading.
La Cañada Flintridge Shines as the Top Performer in November Real Estate Market
When analyzing the recent market data for Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge, La Cañada Flintridge stands out as the best overall performer. With a median list price of $4,345,000 and a notable increase in homes sold (from 15 in October to 21 in November), it demonstrates strong demand despite a slight dip in active listings. The competitive nature of this market, indicated by a reduced average market time of just 13 days, suggests that buyers are keenly interested in this area.
In comparison, while Sunland-Tujunga and La Crescenta-Montrose showed positive sales and market activity trends, their price points and market dynamics did not match the strength exhibited in La Cañada Flintridge. La Cañada Flintridge’s robust performance signifies its desirability and resilience in the current market landscape.
For personalized advice and expertise in navigating the real estate market in these communities, reach out to me, Robbyn Battles, at thehouseagent.com. With over 35 years of experience, I am committed to helping you achieve your real estate goals.