The real estate market in three prominent communities—Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge—offers valuable insights for homeowners, buyers, and sellers alike. In this blog, Robbyn Battles delves into the numbers from the past 30 days, as of December 3, 2024, comparing them to November. Understanding these trends helps homeowners assess property values, buyers identify opportunities, and sellers gauge the best time to list. Let’s explore how each community fared and what these stats reveal about the local market.
Market Stats for December vs. November
Sunland-Tujunga
December Market at a Glance
- Active Listings: 38
- Median List Price: $999,999
- Price per Square Foot: $728
- Homes Sold (past 30 days): 15
- Median Sold Price: $910,000
- Average Market Time: 23 days
November Market at a Glance
- Active Listings: 39
- Median List Price: $950,000
- Price per Square Foot: $735
- Homes Sold (past 30 days): 20
- Median Sold Price: $957,500
- Average Market Time: 18 days
Comparison Summary
Sunland-Tujunga saw a slight decrease in active listings and sold homes, with 15 homes sold in December compared to 20 in November. The median list price increased by over $49,000, suggesting sellers are optimistic, though the median sold price dropped by $47,500. Buyers are spending less time deliberating, with average market time stretching slightly to 23 days.
La Crescenta-Montrose
December Market at a Glance
- Active Listings: 25
- Median List Price: $1,470,000
- Price per Square Foot: $787
- Homes Sold (past 30 days): 17
- Median Sold Price: $1,350,000
- Average Market Time: 45 days
November Market at a Glance
- Active Listings: 26
- Median List Price: $1,498,500
- Price per Square Foot: $832
- Homes Sold (past 30 days): 25
- Median Sold Price: $1,305,000
- Average Market Time: 17 days
Comparison Summary
La Crescenta-Montrose experienced a significant slowdown in sales activity, with only 17 homes sold in December versus 25 in November. The median list price dropped by $28,500, and price per square foot declined noticeably. However, the median sold price rose by $45,000, indicating competitive offers. Homes stayed on the market much longer, with average time increasing to 45 days.
La Cañada Flintridge
December Market at a Glance
- Active Listings: 22
- Median List Price: $3,767,500
- Price per Square Foot: $1,037
- Homes Sold (past 30 days): 10
- Median Sold Price: $3,187,500
- Average Market Time: 43 days
November Market at a Glance
- Active Listings: 24
- Median List Price: $4,345,000
- Price per Square Foot: $959
- Homes Sold (past 30 days): 21
- Median Sold Price: $1,985,000
- Average Market Time: 13 days
Comparison Summary
La Cañada Flintridge displayed the most dramatic changes, with home sales plummeting to 10 in December compared to 21 in November. The median list price dropped by over $577,000, yet the median sold price surged by over $1.2 million. Market time increased significantly to 43 days, indicating a potential shift toward luxury property buyers who take longer to decide.
Overall Market Trends and Analysis
The three communities show differing dynamics:
- Most Change: La Cañada Flintridge saw the largest swings in market activity, with dramatic price adjustments and sales volume declines.
- Seller’s Market: Sunland-Tujunga remains the most balanced, with stable activity and manageable price changes. Active listings are steady, suggesting a seller’s advantage with robust demand.
- Buyer’s Market: La Cañada Flintridge presents more opportunities for buyers due to the substantial drop in listings and sales. However, the rising median sold price hints at select high-end buyers dominating the market.
- In Transition: La Crescenta-Montrose appears to be in flux, with fewer homes sold but a rising median sold price, suggesting more cautious negotiations between buyers and sellers.
Work With an Expert: Robbyn Battles
For expert insights into these communities, trust Robbyn Battles of thehouseagent.com. With over 35 years of experience specializing in Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge, Robbyn provides unparalleled expertise in navigating the local real estate market. Contact Robbyn to make informed decisions and maximize your real estate potential, whether buying, selling, or investing.