Let’s crunch the numbers! Glendale housing update for September 2021:
Last month forty-eight homes closed escrow. Thirty-five of these homes sold over the asking price, three homes at the asking price, and ten below the asking price. Last month, eight Glendale homes had price reductions before selling.
The least expensive home sold was a two-bedroom, one-bathroom, 814-square-foot home at 1401 E. Maple. It sold for $720,000. The most expensive home sold was a five-bedroom, six-bathroom, 3,650-square-foot home at 1450 Royal Blvd. This luxury home sold for $2,800,000.
It is interesting to note that the price per square foot decreased, as well as the average and median selling prices. Days on the market increased, and the absorption rate remains less than one month’s supply of listing inventory.
The average price per square foot ranged from $380.60 for a 6700 square foot home on Stephens Circle to an 831 square foot home located on Woodland Ave. It sold for $1,161.25 per foot.
