Glendale Home Values

Glendale Home Values

The 1.14% absorption rate reflects an unbalanced real estate environment for Glendale home buyers.  Glendale homes are selling quickly, and most are over the asking price.  Here’s a link to a recent article in the Wall Street Journal about why buying a home this year will be more complex than ever.

Average Price Per Foot of Glendale Home Sales

The sharp drop in real estate values in 2011 vs. 2010 is attributed to the $8,000 federal tax credit which expired in June of 2010.  This tax credit put first time home buyers in a feeding frenzy which cooled once the tax credit expired.