Sorem & Associates

📊 TOTAL MARKET AREA UPDATE | MAY 2026

(Altadena • Burbank • Glendale • La Crescenta • La Cañada Flintridge • Montrose • Pasadena • Shadow Hills • Sunland • Tujunga)

The overall foothill and northeast Los Angeles housing market continues to demonstrate remarkable strength, with home values rising and sellers maintaining a competitive advantage despite increased inventory.

📈 Year-Over-Year Highlights (May 2026 vs. May 2025)
🏡 Median Home Price
✅ $1,565,000 - NEW ALL TIME RECORD
⬆️ Up 7.3% from $1,459,000 one year ago

📋 Active Listings
✅ 443 active listings
⬇️ Down 6.3% from 473 listings last year

🔑 Homes Sold
✅ 203 homes sold
⬇️ Down 13.2% from 234 sales in May 2025

💰 Price Per Square Foot
✅ $858.36 per sq. ft.
⬇️ Slightly down 4.4% from $897.53 per sq. ft. last year

⏳ Days on Market
✅ 36 days
⬆️ Up slightly from 33 days a year ago

🔥 Seller Advantage Continues
✅ Homes sold for an average of 102.6% of original list price
⬆️ Up from 101.3% last year
✅ 60.6% of homes sold above asking price
A clear sign that buyers continue to compete for well-priced homes.

💵 Average premium above asking price: $166,000
What Does This Mean?
While the number of homes sold has moderated, home values continue to appreciate across our market area. Limited inventory, strong buyer demand, and competitive bidding continue to support sellers, while buyers are benefiting from a more balanced pace than we saw during the peak frenzy years.

🏡 Thinking about buying, selling, or investing? Curious what your home is worth in today's market? Let's talk!

Keith & Pam Sorem
Sorem & Associates | Keller Williams Real Estate Services
📞 Keith Sorem: 818-281-8497 | DRE #01374635
📞 Pam Sorem: 818-281-8397 | DRE #01910636
🌐 BeautifulVerdugoHomes.com

📩 Contact us today for a complimentary home value analysis and personalized market consultation.

CRMLS data has not been verified, is subject to change, and is deemed reliable


________________________________________

Happy 250th USA!

📊 BURBANK REAL ESTATE MARKET UPDATE | MAY 2026 📊
How is the Burbank housing market performing compared to a year ago? Here's a look at the key Year-Over-Year trends:

🏡 Median Home Price
✅ $1,360,000
⬇️ Down 5.0% from $1,431,000 in May 2025

📋 Active Listings
✅ 68 homes for sale
⬇️ Down 18.1% from 83 active listings last year

🔑 Homes Sold
✅ 35 homes sold
➡️ Unchanged from May 2025

💲 Price Per Square Foot
✅ $901.29 per sq. ft.
➡️ Essentially unchanged from $903.15 per sq. ft. last year

⏳ Days on Market
✅ 31 days
⬇️ Down from 34 days a year ago

🔥 Strong Seller Performance
Homes sold for an average of 103.0% of list price, compared to 99.9% a year ago. Even more impressive, 77.1% of homes sold above their original asking price, up significantly from 54.3% last year.

What Does This Mean?
While median prices have softened slightly from last year's peak, inventory remains limited and buyer demand continues to be strong. Well-priced homes are still attracting multiple offers and selling above asking price, making strategic pricing and marketing more important than ever.

Whether you're thinking about selling, buying, or simply curious about your home's current value, understanding today's market conditions can help you make informed decisions.

📞 Ready to discuss your real estate goals? Contact us today for a complimentary market analysis and home value review!

Keith & Pam Sorem
Keller Williams Real Estate Services
📱 Keith Sorem: 818-281-8497 | DRE #01374635
📱 Pam Sorem: 818-281-8397 | DRE #01910636

🌐 BeautifulVerdugoHomes.com

📩 Message us anytime—we're always happy to help!

CRMLS data has not been verified, is subject to change, and is deemed reliable

📊 CRESCENTA VALLEY MARKET UPDATE | MAY 2026
(Glendale Annex • La Crescenta • Montrose)

The Crescenta Valley market continues to shine, with rising home values, strong buyer demand, and sellers receiving exceptional results.

📈 Year-Over-Year Highlights (May 2026 vs. May 2025)
🏡 Median Home Price
✅ $1,563,000
⬆️ Up 11.6% from $1,400,000 one year ago

🔑 Homes Sold
✅ 24 homes sold
⬆️ Up 4.3% from 23 sales last year

📋 Active Listings
✅ 28 active listings
⬇️ Down 26.3% from 38 active listings a year ago

💰 Price Per Square Foot
✅ $867.71 per sq. ft.
⬆️ Up 1.8% from $852.02 per sq. ft. last year

⏳ Days on Market
✅ 26 days
⬆️ Slightly higher than 24 days last year, but still indicative of a fast-moving market

🔥 Strong Seller Advantage
✅ Homes sold for an average of 104.0% of original list price
⬆️ Up from 100.1% a year ago
✅ 75% of all homes sold above asking price
⬆️ Up from 73.9% last year
💵 Buyers paid an average of $108,000 above asking price for homes that sold over list price.

What Does This Mean?
With inventory down more than 26% and median prices up nearly 12%, Crescenta Valley continues to be one of the strongest performing markets in our area. Well-prepared homes are attracting significant buyer attention, often resulting in multiple offers and sales above asking price.

🏡 Thinking about selling? Curious what your home could be worth in today's market? Or looking to purchase in one of our foothill communities? Let's talk!
Keith & Pam Sorem
Sorem & Associates | Keller Williams Real Estate Services
📞 Keith Sorem: 818-281-8497 | DRE #01374635
📞 Pam Sorem: 818-281-8397 | DRE #01910636
🌐 BeautifulVerdugoHomes.com

📩 Contact us today for a complimentary home value analysis and personalized market consultation.

Source: CRMLS data has not been verified, is subject to change, and is deemed reliable


________________________________________