Welcome to our latest market update for July, where we look in-depth at the real estate trends in three prominent Los Angeles neighborhoods: Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge. In this article, we will present the key statistics for each area, compare the July data to the previous month’s figures, and provide insightful analysis to help you understand the dynamics of each market. Whether you are a prospective buyer, seller, or simply interested in local real estate trends, this update will give you a comprehensive overview of the housing market’s current state in these vibrant communities.
Sunland-Tujunga Market
July Market at a Glance
- 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
June Market at a Glance
- Active Listings: 43
- Median List Price: $999,000
- Price per Square Foot: $689
- Number of Homes Sold (past 30 days): 15
- Median Sold Price: $1,000,000
- Average Market Time: 19 days
Analysis
The Sunland-Tujunga market saw an increase in active listings from 43 to 45. The median list price also rose from $999,000 to $1,059,500, and the price per square foot increased from $689 to $722. More homes were sold in July (22) compared to June (15), and the average market time decreased from 19 to 16 days. This suggests a strong demand and a quicker turnover.
La Crescenta-Montrose Market
July Market at a Glance
- Active Listings: 29
- Median List Price: $1,398,000
- Price per Square Foot: $808
- Number of Homes Sold (past 30 days): 26
- Average Market Time: 17 days
- Median Sold Price: $1,290,000
June Market at a Glance
- Active Listings: 25
- Median List Price: $1,458,000
- Price per Square Foot: $884
- Number of Homes Sold (past 30 days): 26
- Average Market Time: 11 days
- Median Sold Price: $1,326,042
Analysis
In La Crescenta-Montrose, active listings increased from 25 to 29. However, the median list price decreased from $1,458,000 to $1,398,000, and the price per square foot dropped from $884 to $808. The number of homes sold remained constant at 26, but the average market time increased from 11 to 17 days, indicating a slower market.
La Cañada Flintridge Market
July Market at a Glance
- Active Listings: 41
- Median List Price: $2,980,000
- Price per Square Foot: $917
- Number of Homes Sold (past 30 days): 8
- Average Market Time: 28 days
- Median Sold Price: $2,775,000
June Market at a Glance
- Active Listings: 32
- Median List Price: $3,274,444
- Price per Square Foot: $912
- Number of Homes Sold (past 30 days): 16
- Average Market Time: 36 days
- Median Sold Price: $2,950,000
Analysis
La Cañada Flintridge saw a significant increase in active listings from 32 to 41, while the median list price decreased from $3,274,444 to $2,980,000. The number of homes sold halved from 16 to 8, and the average market time decreased from 36 to 28 days. This indicates a more challenging market with fewer sales and lower prices.
Overall Market Analysis
Among the three markets, Sunland-Tujunga appears to be the strongest, showing increased activity, higher prices, and quicker sales. La Crescenta-Montrose is experiencing a greater increase in listings but has seen a drop in prices and a slower market. La Cañada Flintridge, while having the highest median list prices, shows the most significant decline in sales and median sold prices, indicating a cooling market. Sunland-Tujunga’s positive trends in active listings, sales, and prices make it the strongest market currently.