Last month 21 Glendale homes closed escrow. Selling prices ranged from $629,000 for a 2 + 1 on Adams to $3,750,000 for the Roy Disney Estate. Thirteen of the homes sold for less than the asking price, one at the list price, and seven sold over asking.
The sale of the Roy Disney Estate is an excellent example of why the median selling price is the better indicator of value. The median price indicates that half the Glendale homes sold for more than $1,055,000 and half sold for less. This abnormally high selling price does not influence the median selling price. But the average selling price will be unduly influenced by this high-priced sale.
