Welcome to my October Market at a Glance. Insights for Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge. Whether you’re a homeowner looking to understand your property’s value, a buyer searching for the perfect neighborhood, or a seller aiming to make a strategic move, staying informed about the local real estate market is crucial. This blog post delves into the latest market statistics for three sought-after communities—Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge—as of October 9, 2024. By comparing the past 30 days of activity with the previous month, we highlight key trends and shifts that can empower you to make informed decisions in today’s dynamic housing market—the October market at a Glance.
October vs. September: Market Stats Overview
Sunland-Tujunga
- October
- Active Listings: 44
- Median List Price: $1,217,500
- Price per Square Foot: $701
- Homes Sold: 19
- Median Sold Price: $950,000
- Average Market Time: 28 days
- September
- Active Listings: 35
- Median List Price: $995,000
- Price per Square Foot: $672
- Homes Sold: 21
- Median Sold Price: $883,000
- Average Market Time: 17 days
Comparison Summary: Sunland-Tujunga has seen an increase in active listings by 26%, with median list prices rising by approximately 22%. While the number of homes sold decreased slightly, the average market time extended by 11 days, indicating a slight cooling in the market.
La Crescenta-Montrose
- October
- Active Listings: 25
- Median List Price: $1,350,000
- Price per Square Foot: $807.85
- Homes Sold: 24
- Median Sold Price: $1,357,500
- Average Market Time: 20 days
- September
- Active Listings: 32
- Median List Price: $1,389,000
- Price per Square Foot: $819
- Homes Sold: 20
- Median Sold Price: $1,395,000
- Average Market Time: 20 days
Comparison Summary: La Crescenta-Montrose experienced a 22% decrease in active listings with a slight dip in median list prices by around 3%. However, the number of homes sold increased by 20%, maintaining the same average market time, suggesting a more competitive environment for buyers despite fewer listings.
La Cañada Flintridge
- October
- Active Listings: 26
- Median List Price: $4,040,000
- Price per Square Foot: $971
- Homes Sold: 15
- Median Sold Price: $2,710,000
- Average Market Time: 21 days
- September
- Active Listings: 24
- Median List Price: $4,495,000
- Price per Square Foot: $850
- Homes Sold: 24
- Median Sold Price: $2,575,000
- Average Market Time: 39 days
Comparison Summary: La Cañada Flintridge saw an 8% increase in active listings and a significant jump in median list price by approximately 10%. The number of homes sold dropped by 38%, and the average market time decreased by 18 days, indicating a shift towards higher-priced listings moving faster despite fewer transactions.
Comparative Insights: Trends Across Communities
Analyzing the data across all three communities reveals distinct trends. Sunland-Tujunga and La Crescenta-Montrose are experiencing increases in median list prices, signaling a robust demand. However, Sunland-Tujunga faces a slight slowdown in sales volume, whereas La Crescenta-Montrose sees increased activity despite fewer listings. La Cañada Flintridge stands out with the highest median list price and price per square foot, showing a premium market that remains active even as the number of sales declines. Overall, La Cañada Flintridge exhibits the most significant changes, with notable price increases and a dynamic shift in market behavior. At the same time, Sunland-Tujunga and La Crescenta-Montrose show signs of stability with varying degrees of activity.
Partner with Robbyn Battles for Expert Real Estate Guidance
Navigating the complexities of the real estate market requires expertise and local knowledge. Robbyn Battles of TheHouseAgent.com brings 35 years of experience focused on Sunland-Tujunga, La Crescenta-Montrose, and La Cañada Flintridge. Whether buying, selling, or simply seeking advice, Robbyn is committed to providing personalized service and strategic insights to help you achieve your real estate goals. Contact Robbyn today at robbyn@thehouseagent.com or call (818) 388-1631 to schedule a consultation and take the next step toward your ideal property journey.
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