Each month, I love dissecting Glendale home statistics. It continues to be a difficult real estate environment for Glendale home buyers, evidenced by the low absorption rate. Half of Glendale homes sold for under $914,500 and half over (median selling price), which is up from last month. Glendale real estate values ranged from $540,000 for an 1,188 square foot home to $1,627,000 for a 3,568 square foot home on 900 Whitehaven.
Looking back at Glendale home statistics from a year ago (January):
Average price per square foot $511.81 / Average Selling Price $945,022 / Absorption Rate 1.86 / Median Selling Price $950,00. It continues to be very competitive for Glendale home buyers.