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Glendale Real Estate Values are up 19%

October 2012, the average Glendale, CA home sold for $339 per ft vs. this year’s $404.  Last year the average Glendale home took 55 days to sell vs. this year’s 45.

In Oct. 2012, the average Glendale home sold for $668,474 vs. this year’s $725,904.  Last October, Glendale short sales and foreclosures comprised 23% of home sales vs. this year’s 10%.

The absorption rate last year was 1.2% (1.2 months to dry up all of the Glendale listings) vs. this year’s 3.33%. So while Glendale home values have increased, the number of homes available has increased.   Does this mean the market is changing?  – Let’s hope Glendale real estate values are simply stabilizing.

Find all Glendale active listings here

Glendale Infographic October 2013Glendale October Detailed stats Pg1_Page_1GlendaleOctober Detailed stats Pg2

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