Let’s dive into the stats and figures defining the La Crescenta-Montrose real estate market as of March 8, 2024 for the past 30 days.
Median Listing Price: In the past 30 days, the median listing price in our area was $1,300,000. This figure is an indicator of seller expectations and market trends.
Median Sold Price: The median sold price was $1,250,000, slightly lower than the listing price, indicating potential buyer negotiation success.
Average Time on Market: This statistic is not available for the past 30 days, but it’s a crucial indicator of market dynamics – shorter times typically suggest a seller’s market.
Price per Square Foot: This figure stood at $872 for the past month, offering insights into the comparative value of properties in different sizes.
February Overview
Median Listing Price: $1,295,000. This number is central to understanding the market’s price distribution.
Median Sold Price: The sold price averaged $1,130,000, providing a realistic perspective on final sale prices.
Price per Square Foot: At $808, this metric helps compare and assess property values effectively.
Analysis and Insights
Comparing the statistics from February and March, we observe a slight increase in the median listing and sold prices. This increment may suggest a growing confidence among sellers, coupled with a steady demand in the market. The consistent gap between listing and sold prices indicates ongoing negotiation space for buyers.
About La Crescenta-Montrose
La Crescenta-Montrose, nestled in the foothills of the San Gabriel Mountains, offers a blend of suburban tranquility and accessibility to Los Angeles. Known for its excellent schools and community-centric lifestyle, it’s an attractive location for families and professionals.
Local Events
As spring approaches, La Crescenta-Montrose gears up for community events. The annual Spring Art Walk and the Farmers Market are local favorites, offering a chance to engage with the community and enjoy local produce and artwork.
See What’s on the Market in La Crescenta-Montrose:
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