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Glendale Home Values

I want to share this article: 57 Percent of People Living in Los Angeles Can’t Afford to Live in Los Angeles 

It’s no secret that Glendale home values and rents are soaring. A quick glance shows the absorption rate has increased from January, which is a bit of good news for Glendale home buyers.

February 2016 Glendale Real Estate Sales

But, let’s compare year over year.  Last February (2015) there were 25 Glendale home sales. The average price per square foot was $422 and the average Glendale home sold in 48 days (remember we have those new lending regulations (TRID) which increased the time it takes to close a loan. The average sales price was $765,325 and the average Glendale home was selling for 100.49% of asking price. The absorption rate was 4% and the median sales price was $725,500.

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