Let’s dive into the Glendale Real Estate Update for July 2024. Thirty-eight homes closed escrow last month. Twenty-four of these homes sold over the asking price, four for the asking price, and ten below asking. A three-bedroom, two-bathroom home at 538 E. Chevy Chase Dr. sold for $556.39 per foot. A two-bedroom, one-bathroom home at 1359 San Luis Rey Dr. sold for $1,218.32 per foot.
The least expensive home sold in Glendale was a two-bedroom, one-bathroom, 624-square-foot home located at 240 N. Everett St. It was listed for $595,900 and sold in forty-three days for $641,000. The most expensive sale was a five-bedroom, five-bathroom, 4,219-square-foot home at 2244 Via Saldivar St. It was Listed for $2,950,000 and sold in twenty-five days for $2,800,000.
The absorption rate is the lowest year to date. We have a new Glendale listing to announce. It’s located in the Fair Oaks Community of Glendale. 3527 Fallenleaf Place priced at $1,585,000.
In examining the Glendale real estate market for July 2024, it’s interesting to note how long it takes to sell. The average days on the market was 32. Only one Glendale homes sold off the market (zero days on the market), and another six sold in less than ten days. Just one home took more than 100 days to sell. Five of the Glendale home sales were under $1,000,000. While four sales were over $2,000,000.
