Glendale Home Values April 2017
Glendale homes are selling quickly. Most properties go under contract within a month, and even more impressively, many are selling above the asking price. The current selling price to list price ratio is the highest it’s been this year. This surge reflects strong demand and limited inventory. The low absorption rate highlights the challenges Glendale homebuyers face. Competition is fierce, and well-priced homes receive multiple offers. In this competitive environment, working with a top Glendale Realtor is essential. Over my real estate career I have sold hundreds of Glendal homes. I grew up in Glendale and am familiar with all of the different neighborhoods.
Glendale Home Values April 2017 Recap: The Wall Street Journal recently reported that strong buyer demand drives home prices up at double the income growth rate this spring. Meanwhile, the Labor Department noted that incomes grew just 3% in February compared to the previous year. This gap between home prices and income makes expert guidance crucial for buyers and sellers alike.
For more information on Glendale, CA real estate values, call Phyllis at 818-790-7325. Get the advantage you need in this fast-paced market.
Related Post: 666 Glen Ave. Glendale has a new look.
With rents so high and interest rates still so low it’s not surprising there are so many buyers.