Your Real Estate Market Update

La Crescenta, CA 91214

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



La Crescenta, CA 91214

Sun Jul 21 2019
This week the median list price for La Crescenta, CA 91214 is $931,500 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has held steady at or around 40. Click here to stay informed with the La Crescenta market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

La Crescenta, CA 91214

Sun Jul 21 2019
This week the median list price for La Crescenta, CA 91214 is $931,500 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has held steady at or around 40. Click here to stay informed with the La Crescenta market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the La Crescenta market.
Median List Price $931,500
Per Square Foot $596
Days on Market 43
Price Decreased 35%
Price Increased 0%
Relisted 5%
Inventory 40
Median House Rent $3,200
Most Expensive $2,000,000
Least Expensive $377,000
Market Action Index
Strong Seller's Market
62

We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,486,554 2,845 0.25 - 0.5 acre 4 3 53 2 1 30
$976,444 1,566 8,000 - 10,000 sqft 3 1 63 2 1 28
$862,000 1,431 4,500 - 6,500 sqft 3 1 67 3 1 56
$699,000 964 4,500 - 6,500 sqft 2 0 84 1 3 59