Deasy Penner Podley's Market Report

La Crescenta, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



La Crescenta, CA

Sat May 30 2020
This week the median list price for La Crescenta, CA is $925,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 31. Click here to stay informed with the La Crescenta market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

La Crescenta, CA

Sat May 30 2020
This week the median list price for La Crescenta, CA is $925,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 31. Click here to stay informed with the La Crescenta market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the La Crescenta market.
Median List Price $925,000
Per Square Foot $591
Days on Market 56
Price Decreased 29%
Price Increased 0%
Relisted 10%
Inventory 31
Median Rent $3,298
Most Expensive $1,849,000
Least Expensive $639,000
Market Action 57
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,385,000 2,660 8,000 - 10,000 sqft 4 3 66 3 2 62
$1,069,000 1,783 6,500 - 8,000 sqft 3 2 66 1 1 50
$892,000 1,423 6,500 - 8,000 sqft 3 2 66 4 0 64
$806,000 1,274 6,500 - 8,000 sqft 2 1 73 1 1 49