I recently posted about homes on the market for over a year but today, while looking in the MLS I noticed this La Crescenta home which has been on the market 687 days – approximately 23 months!!! June MLS stats indicate that La Crescenta homes are selling on average for 97% of asking; the average (cumulative) days on market is 124 - approximately 4 months from listing to closing. Having your home ready and in "show condition" is far from fun.....



The details:

The 4 & 2 home was originally listed at $775,000
After 61 days of marketing, reduced to $769,000, then $742,000 then $724,000, then the “magic” price point: $699,000

After 354 days on the market the home was relisted with Realtor #2 at $679,976 and has been on the market with Realtor #2 for 188 days. The owner purchased this home in 1997 for $250,000.