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Phyllis Harb's Real Estate Blog

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By Phyllis Harb | Agent in La Canada, CA

La Crescenta Housing Statistics – January 2010

Just 13 La Crescenta homes sold in January 2009. 


Of the 23, January 2010 La Crescenta home sales

5 (22%) were  short sales 

2 (9%) were REO’s (real estate owned aka foreclosures)


16  (70%) were traditional sales 


It is not surprising that the days on market (DOM) is longer for short sales which require lender’s approval of the final selling price and shorter for REO’s as the banks want to get the homes sold, closed and off the books. 


Related Post:  La Crescenta by the Numbers

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