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Glendale Home Sales, April 2018

Let’s take a close look at the Glendale home stats, April 2018:

Glendale

Last month 46 Glendale homes closed escrow. A large increase from last month. Selling prices ranged from $600,000 for a 2 + 2, 977 square foot home located at 904 Raleigh St.  On the high end a $2,440,000 home. A  5 + 7, 6,024 square foot home located at 3030 Edgewick Rd. Sixteen of the homes sold for less than asking price, six at the list price and twenty four sold over asking. Savvy home sellers continue to price their home at an enticing asking price in order to negotiate up,  not down.  Learn more about appealing to the herd mentality when pricing your home for sale.

The median selling price is the better indicator of value.  Assume Glendale’s median selling price of $941,000, down from last month. Half of the homes sold for more and half sold for less. The median selling price is not influenced by an abnormally high or low selling price.  While the average sales price can be influenced by an abnormally high (or low) selling price.

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