Comparing La Cañada, La Crescenta, and Sunland-Tujunga Real Estate Markets in 2024. Significant differences emerge in home prices, market dynamics, and trends when analyzing the real estate markets of La Cañada, La Crescenta, and Sunland-Tujunga for 2024. Understanding these nuances can help buyers and sellers make informed decisions. Here’s a breakdown:
La Cañada:
- Total Homes Sold 2024: 154 properties
- Total Homes Sold in 2023: 149 properties
- Average Selling Price: $2,275,000, reflecting the area’s premium real estate market.
- Average Days on Market (DOM): 35 days.
- Price Reductions: 47 homes required adjustments.
- Above List Price Sales: 25% of homes sold above the asking price, with a strong emphasis on spring listings.
Key Trends:
- Homes in La Cañada command the highest prices, with an average price per square foot of $999.
- Accurate pricing is critical, as overpricing often led to an additional 20 days on the market.
- Spring listings were most successful, while the summer and year-end markets faced slower activity.
Takeaway for Sellers: To maximize success, homeowners should list in spring and focus on presenting updated, well-prepared properties to attract competitive offers.
La Crescenta: The Balanced Market
- Total Homes Sold 2024: 217 Homes
- Total Homes Sold 2023: 213 Homes
- Average Selling Price: $1,413,781, with a slightly lower average list price of $1,374,588.
- Average DOM: 28 days, the fastest among the three communities.
- Price Reductions: 63 properties required adjustments.
- Above List Price Sales: 25% of homes sold above asking, particularly in spring and early summer.
Key Trends:
- La Crescenta offered a balance between affordability and market activity, with an average price per square foot of $845.
- Summer saw a surge in listings, while winter listings faced longer market times.
- Properly priced homes typically sold within two weeks, reflecting strong buyer demand.
Takeaway for Sellers: Spring and early summer are optimal for selling quickly and at competitive prices. Homes priced right from the outset had the best results.
Sunland-Tujunga:
- Total Homes Sold: 225 homes closed escrow in 2024, showcasing a steady demand in the area.
- Total Homes Sold 2023: 219
- Average Selling Price: The average selling price was $979,390.
- Price Per Square Foot: Homes sold for an average of $662 per square foot.
- Highest Sale Price: The highest closed sale in Sunland Tujunga reached $2,650,000.
- Average Days on Market: On average, homes were on the market for 23 days before going under contract.
- Price Adjustments: Out of the 225 homes sold, 67 experienced price reductions from their original listing price.
- Above List Price Sales: Homes priced between $850,000 and $1,000,000 frequently sold over asking.
Key Trends:
- Sunland-Tujunga had the lowest average price per square foot at $662.
- April and May saw the most competitive activity, with multiple offers driving prices above list.
- The fourth quarter experienced slower sales, consistent with seasonal patterns.
Takeaway for Sellers: Listing in spring and targeting the $850,000–$1,000,000 range can maximize demand. Proper pricing remains crucial to avoid reductions and attract buyers.
Market Comparisons
| Metric | La Cañada | La Crescenta | Sunland-Tujunga |
| Total Homes Sold | 154 | 217 | 225 |
| Average Selling Price | $2,275,000 | $1,413,781 | $979,930 |
| Price Per Square Foot | $999 | $845 | $662 |
| Average Days on Market | 35 | 28 | 23 |
| Price Reductions | 47 homes | 63 homes | 67 homes |
| % of Homes with Reductions | 30.5% | 29% | 30% |
Key Takeaways for 2024
- Pricing Sensitivity: Overpricing led to longer market times across all three communities, with La Cañada sellers facing the steepest penalties.
- Fastest Sales: La Crescenta emerged as the most dynamic market, with homes selling faster and often above list price.
- Affordable Options: Sunland-Tujunga provided the most budget-friendly options, appealing to first-time buyers and investors.
By understanding these distinctions, buyers and sellers can better navigate the real estate landscape in 2025.
The Power of Market Analysis
Understanding the inventory, the seasonal ups and downs, and key market trends is essential to crafting a successful home listing strategy. By analyzing this data, sellers can avoid overpricing, minimize time on the market, and maximize their sale price. A well-informed approach ensures your home stands out to buyers, attracts competitive offers, and ultimately sells for top dollar.
Ready to make your move? Contact Robbyn Battles today! With a lifetime of real estate experience in the Foothills, Robbyn is your trusted guide to achieving your property goals. Call 818-388-1631 or email [email protected] to get started.