Let’s take a close look at the Glendale home stats, April 2018:
Last month 46 Glendale homes closed escrow. A significant increase from last month. Selling prices ranged from $600,000 for a 2 + 2, 977 square foot home located at 904 Raleigh St. On the high end a $2,440,000 home. A 5 + 7, 6,024 square foot home located at 3030 Edgewick Rd. Sixteen of the homes sold for less than the asking price, six at the list price, and twenty-four sold over asking. Savvy home sellers continue to price their homes at an enticing asking price in order to negotiate up, not down. Learn more about appealing to the herd mentality when pricing your home for sale.
The median selling price is the better indicator of value. Assume Glendale’s median selling price of $941,000, down from last month. Half of the homes sold for more and half sold for less. An abnormally high or low selling price does not influence the median selling price. While the average sales price can be influenced by an abnormally high (or low) selling price.
