Glendale Home Sales July 2017: 1645 Lake St. This starter home sold for $505,000. It has two bedrooms and one bath and less than 800 square feet of living space on a 4,900-square-foot lot. So yes, half a million dollars in Glendale buys you a cozy home with limited space.
Despite the high price tags, the absorption rate suggests a more balanced market. Even so, most Glendale homes sell in about one month. What’s more, many sell for over their asking price. Demand remains strong. Notably, the number of days on the market hit its lowest point this year. This signals that well-priced homes continue to move quickly.
Glendale Home Sales July 2017 Recap
On the higher end, last month’s most expensive sale was a stunning character Spanish located at 1312 Mountain St. It sold for $2,100,000. In total, twenty homes in Glendale sold for over $1 million. Of those, five surpassed the $1.5 million mark. Glendale homes continue to sell fast. Most of them, in fact, close above their asking price. Buyers remain competitive, pushing prices up and shortening market times. If you’re considering selling, now is the time to take advantage of these strong conditions.
Call Phyllis @ 818 790-7325 to learn more about Glendale home values.
