Crescenta Valley, CA Real Estate Market Report, October, 2023
Keith Sorem
Associate at Keller Williams Real Estate Services and Real Estate Consultant
October, 2023 Real Estate Market Report Crescenta Valley, CA
Glendaale Annex, La Crescenta, Montrose, CA
Home Values
The Median Sold Price remains at $1.31 million for the second month, compared to $1,050,000 in 2022. Larger homes sold, 20.5% larger. Months of Inventory (MOI) increased to 1.7 Months. Higher mortgage interest rates are definitely having an impact, on affordability. Sharp buyer agents are asking for help from sellers to discount the interest rate- using a " buy down".
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