Last month, there were twenty-six Glendale homes sold for over $1,000,000 – hence the median selling price of $1,025,500 – wow! Sales ranged from $535,000 for a 616-square-foot home to $1,825,000 for a 3,291-square-foot view home on Maginn Drive. Online evaluations, such as Zillow, are sometimes misleading because, to date, they don’t have a way to determine the type of view a specific home offers. For instance, on Maginn, not all the views are equal… some are spectacular.
In the month’s Glendale, CA, real estate market report, the price per square foot, average selling price, and median price are all at the highest point for the year. Only three Glendale homes sold for $600,000 or less. None of this bodes well for first-time buyers.
