Let’s dive into the Glendale Real Estate Update for November 2024. Thirty-six homes closed escrow last month. Twenty-two of these homes sold over the asking price, four at the asking price, and ten below it. Three Glendale homes sold under $1,000,000. Five homes sold in the two millions, three in the three millions.
A six-bedroom, seven-bathroom home at 1771 Hillcrest Ave. sold for $521.38 per foot. This luxury home also set the record as the most expensive home sold in Glendale for November 2024, which sold for the asking price of $4,000,000 in just five days.
A three-bedroom, two-bathroom home at 1919 N. Verdugo Road sold for $1,183.59 per foot. This home was listed for $1,495,000 and closed escrow at $2,371,919. Marketing remarks read a unique landmark offering in majestic Verdugo Woodlands. This impeccably preserved Craftsman, built in 1911 by Dora Verdugo, is the arguable historic crown jewel of the neighborhood. Elegantly residing on a 17,000-square-foot double lot, the two-story home offers all that comes with Southern California living. Beside an ancient oak tree, a river rock front porch opens to a classic Craftsman floor plan that features light-filled spaces, vintage character, and inviting warmth throughout.
The least expensive home sold in Glendale was a two-bedroom, one-bathroom, 696-square-foot home located at 436 E. Acacia Ave. It was listed for $650,000 and sold in just five days for $795,000.
As you can see by the low absorption rate, it continues to be a seller’s market. The average Glendale home is selling nearly 5% over the asking price, and the median sales price is the highest for the year. Twelve Glendale homes sold in fifteen days or less. Eight homes took more than fifty days to sell.
Looks like there was a crazy bidding war for the house on Verdugo Road. Nearly 900 thousand over asking price wow