Welcome to another edition of “La Crescenta Market at a Glance.” In this post, we’ll delve into the real estate statistics for La Crescenta, comparing the last 30 days of market activity ending on October 2nd to the previous 30 days ending on September 2nd. Whether you’re a homeowner looking to sell or a buyer on the hunt for your dream home, these numbers offer valuable insights. So let’s get started!
Hello, Robbyn here! Today, we’re diving into the real estate market in La Crescenta. We’ll compare the last 30 days ending on October 2 to the previous 30 days ending on September 2. We’ll break down the numbers to see what they mean for you, whether you’re a homeowner or a potential buyer.
October Stats:
- Homes on Market: 15
- Median List Price: $1,399,000
- Average Price per Square Foot: $848
- Homes Sold: 20
- Median Sales Price: $1,310,000
- Average Market Time: 13 days
Analysis: The number of homes on the market has slightly decreased, indicating a tighter market. The median list price has seen a significant increase, suggesting higher demand or fewer lower-priced homes available. The average price per square foot has also increased, reinforcing the idea of a seller’s market. More homes have sold at a higher median price, but they’ve sold faster, indicating strong buyer interest.
September Stats:
- Homes on Market: 18
- Median List Price: $1,244,500
- Average Price per Square Foot: $744
- Homes Sold: 24
- Median Sales Price: $1,237,500
- Average Market Time: 24 days
Analysis: More homes were on the market, offering more choices for buyers. The median list price was lower, possibly making it more accessible for buyers. The average price per square foot was also lower, indicating a more balanced or buyer-friendly market. More homes sold, but they took longer to sell, suggesting less urgency among buyers.
Summary Comparison:
The market has tightened from September to October, with fewer homes available but at higher prices. Homes are selling faster, indicating a shift towards a seller’s market.
Why These Stats Matter:
- Market Time: A shorter market time suggests a seller’s market where homes are in high demand. For buyers, this means you may need to act quickly.
- Median Prices: These give a snapshot of market affordability. For sellers, a higher median price indicates you might get a better deal for your property.
- Average Price per Square Foot: This helps buyers compare homes of different sizes on an equal footing and gives sellers an idea of how to price their home.
The Value of Sharing These Numbers:
I share these stats to provide you with a comprehensive understanding of the La Crescenta real estate market. Knowing these numbers gives you the context to make informed decisions, whether you’re buying or selling.
Get in Touch!
Curious about what these numbers mean for you? Call, text, or email me for personalized market information. I hope this format meets your expectations for a friendly and informative conversation. Feel free to reach out for more insights.