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Glendale Housing Market For December 2018

Glendale Home Stats for December 2018: Last month 35 Glendale homes closed escrow. Selling prices ranged from $580,000 for a two bedroom, one bath, 806 sq ft home on Palmer Ave. to $2,600,000 for a three bedroom, four bath, 4,066 sq ft estate on Deermont Rd.

Glendale

Twelve of the Glendale homes sold for over asking price. Four sold at asking price, and nineteen sold for less. Nine of these Glendale homes had a price reduction prior to selling. The median selling price was $1,050,000 up from last month.

According to Core Logic, Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high. Their report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.

To learn more about the Glendale community check out my real estate website @ www.HarbandCo.com

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I think the decrease is because first time buyers are being priced out of the market. Hard for young adults to break into the housing market without a financial leg up from someone or somewhere