Let’s dive into the Glendale housing market for August 2021. Last month, forty-five homes sold. Thirty of these Glendale home sales sold over their original asking price, three at asking and twelve less than asking. Just three homes had price reductions before eventually selling.
Last month, the least expensive home sold was a three-bedroom, two-bathroom, 1,285-square-foot home located at 1415 Dartmouth Dr, which sold for $688,125. The most expensive home sold was a five-bedroom, four-bathroom, 5,236 square-foot luxury home located at 1914 Rams Horn Ct., which sold for $3,475,000.
The Glendale housing market is great for home sellers. The absorption rate remains low, listing supply is still not meeting buyer demand. The selling price to list price is high. A home on Cielito Drive listed for $1,750,000 and sold for $2,350,000. A shocking $600,000 over the list price! Six Glendale homes sold over $2,000,000, two of which sold over $3,000,000.
