Glendale Home Stats for July 2018: Last month 52 Glendale homes closed escrow. Selling prices ranged from $700,350 for a 4-2, 1488 sq ft on Garfield to $2,200,000 for a 4+6, 4,790 sq ft estate on Sherer Lane.
The average Glendale home is selling in about a month. Twenty-three of the Glendale July home sales sold for over the asking price. Seven sold at the asking price, and twenty-two sold for less. This proves that an effective marketing plan with an aggressive asking price will net Glendale home sellers the highest profit. The low absorption rate of 1.98% notes that if there were no new Glendale listings, we would run out of inventory in less than two months.
Two Glendale homes sold for over two million dollars. The median selling price of $1,127,000 is up from last month. This means half of Glendale homes sold for more and half for less. Our Glendale listing at 2328 Sylvan Lane sold in multiple offers substantially over the asking price.
What makes Glendale real estate so valuable? The schools offer language immersion programs, the city offers great shopping and restaurants. And don’t forget the beautiful historic neighborhoods with so many architecturally significant homes.
