Welcome to Robbyn Battles La Crescenta Market at a Glance for the month of February. This is a brief overview of the real estate market in La Crescenta -Montrose. As an experienced broker associate at JohnHart Real Estate, Robbyn will guide you through this dynamic market’s current trends and statistics.
Market at a Glance As of February 07, 2024, the market indicators for the past 30 days are as follows:
- $1,295,000 as the Average Time on Market*
- $1,130,000 as the Median Sold Price*
- $808 as the Price Per SqFt.*
What Does This Mean?
In this case, the Median Listing Price, $1,295,000 represents the middle value of the set of listing prices.
📊 Median List & Sold Prices: In our lively La Crescenta-Montrose, the median offers the truest market pulse. It dodges the distortion that high or low extremes bring to averages. That means half of the properties are listed above this price and half below. The Average Time on the Market signifies how long properties stay on the market before they are sold. The Price Per Square Foot indicates the average price per square foot for properties sold.
❓ Median vs. Average – When to Use Which? 🤔
Medians excel in general market overviews, avoiding the skew of extremes. Averages are ideal in a Comparative Market Analysis (CMA), considering all similar homes for a specific property assessment.
👍 With over three decades in the field, I blend both approaches for precise, tailored insights.
How Can I Make this Market Work for You?
👋 Thinking of buying or selling? Let’s dive into the market with expertise and insight on your side!
Understanding these figures is vital in making informed decisions about property investment. Whether you’re looking to buy or sell, I’m here to discuss all your options and guide you through the process. Let’s use the active listings and recently sold homes data to create a strategy tailored to your needs.
For more information about the La Crescenta -Montrose real estate market or to discuss your options, don’t hesitate to get in touch:
Robbyn Battles | 818.388.1631