Let’s dive into the Glendale Real Estate July 2022. The number of homes sold plummeted. Note that in July 2021, there were fifty Glendale home sales. The average price per square foot and average sales prices also decreased. The absorption rate jumped. It’s not all dismal news for Glendale home sellers; the average selling price to list price is 107.6%. Most well-priced homes continue to sell quickly (note DOM/days on the market) and for over the asking price.
The least expensive home sale was a two-bedroom, one-bathroom, 1,028-square-foot home located at 716 Patterson Ave. This home sold in six days for the asking price of $915,000. The most expensive Glendale sale was a four-bedroom, three-bathroom, 3,659 square foot home located at 1330 N. Louise St. This home was originally listed for $2,995,000 and sold for $3,050,000 in twenty-four days.
Price per square foot ranged from a low of $557.52 for as 2,313 square foot home on Chevy Chase to the highest price per square foot at $1,197.92 for an 1,152 square foot home in the 91205-zip code.
That’s a wrap for the Glendale Real Estate July 2022
Perhaps we are beginning to see a more favorable market for buyers. At least the ones who can handle the increased mortgage rates. Still tough for first time buyers because of that