The following graphs show the median days on market of homes for the 12 months prior to October 2008.  These include Glendale and La Crescenta; La Canada; Sunland and Tujunga California.

For your own personal updates with this plus additional details, click on the link for statistics in La Crescenta and Glendale or give me a call. 

The foothill communites of La Crescenta, La Canada, Sunland/Tujunga and Glendale are closely related in demographics, shopping, schools and real estate.  Many residents shop, dine and see movies/plays either locally or in Glendale & Pasadena.  The Glendale Unified School District serves Montrose, Verdugo City and La Crescenta as well as Glendale.  School scores in Glendale vary with many schools in the La Crescenta area, especially Rosemont, the middle school; and Crescenta Valley, the high school; scoring near the top or best in the district.  Schools in La Canada score even better!  Sunland/Tujunga on the other hand has more affordable housing, much of it in beautiful neighborhoods, but schools that don’t score as well on standardized tests.

The charts below reflect how long it takes to sell a house.  Longer market times can be caused by sellers who refuse to reduce their price in a down market.  Some markets such as upscale neighborhoods don’t have many foreclosures and consequently the sellers have a stronger negotiating position.  In other neighborhoods where there are many foreclosures prices are softer and owners wind up cutting their price in order to sell.  To check foreclosures take a look at Glendale foreclosures or La Crescenta foreclosures.  You can find additional info on other areas here at VerdugoHillsHouseTalk.com.

 

Glendale and La Crescenta CA Days on Market

Glendale and La Crescenta CA Days on Market

Median Days on Market for Glendale and La Crescenta Homes.  The Glendale and La Crescenta real estate markets are closely related, have had significant foreclosure activity but continue to have a healthy amount of sales which are neither foreclosures nor short sales.  In La Crescenta reduced prices attract buyers who otherwise might have bought homes in Sunland/Tujunga and, at the same time appeal to people who would have liked to buy in La Canada or more expensive areas of Glendale but simply cannot afford the prices sellers demand.
La Canada CA Days on Market

La Canada CA Days on Market

Median Days on Market for La Canada Homes.  Market time spikes because sellers insist on getting higher prices than reluctant buyers are willing to pay – and thus, sit on the market.
Sunland and Tujunga CA Days on Market

Sunland and Tujunga CA Days on Market

Median Days on Market for Sunland and Tujunga Homes.  Despite a very active foreclosure market the average time to sell a home in Sunland & Tujunga remains quite high.  This is due in part to people willing to pay a little more to move up from Sunland/Tujunga to La Crescenta or portions of Glendale.
For your own copy of this report just use the link or give me a call.