Understanding the real estate market dynamics is crucial for buyers, sellers, and homeowners. It helps make informed decisions, whether you’re looking to invest, sell, or understand the value of your property. Let’s delve into the La Crescenta-Montrose market statistics for April and compare them with March’s figures to gauge the market trends.
April 2024 Market Overview
- Active Homes for Sale: 19
- Indicates the current inventory available in the market.
- Median Listing Price: $1,485,000
- Reflects the middle price point of homes listed for sale.
- Median Active Price per Square Foot: $925
- Offers an understanding of the value per square footage.
- Sold Homes in the Past 30 Days: 18
- Demonstrates the recent sales activity.
- Median Sold Price: $1,325,000
- The middle sale price in the last month.
- Average Time on Market: 14 Days
- Shows how quickly homes are selling.
March 2024 Market Overview
- Active Listings: 21
- Median Listing Price: $1,300,000
- Median Sold Price: $1,250,000
- Average Time on Market: 30 Days
- Median Active Price per Square Foot: $872
Changes in the La Crescenta market
Comparing April to March, we notice a significant increase in the median listing and sold prices, suggesting a rise in property values. The decrease in the average time on the market from 30 to 14 days indicates a faster-moving market, possibly driven by higher demand or lower inventory. The rise in the price per square foot further confirms this trend.
Conclusion
La Crescenta-Montrose’s real estate market shows signs of vigor and increasing values in April compared to March. It’s an opportune time for sellers, while buyers might face a more competitive market.
Partner with an Expert
Navigating these market changes requires expertise and local knowledge. With her profound understanding of La Crescenta-Montrose’s real estate dynamics, Robbyn Battles can provide invaluable guidance. Her experience with JohnHart Real Estate positions her uniquely to assist you in making the most of these market trends.
📞 Contact Robbyn at 818.388.1631 or Robbyn@TheHouseAgent.com. For more insights, visit TheHouseAgent.com.
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