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