Glendale Home Values September 2017
Glendale home values remained strong in September 2017. Last month, home sales ranged widely—a two-bedroom, one-bath fixer sold for $555,000. On the high end, a stunning estate closed at $3,780,000. Six homes sold for over $1,500,000, reflecting strong demand for luxury properties. The median selling price once again exceeded $1,000,000. Meanwhile, the average selling price reached its highest point for the year. This surge in prices is no surprise. The absorption rate remains extremely low. This indicator confirms a firm seller’s market.
Year after year, as the year winds down, inventory tightens. Homebuyers face fewer options. During the fall and winter months, new listings drop. Sellers often wait for spring to list their properties. This seasonal slowdown limits choices for buyers. Competition grows fiercer for the available homes. Serious buyers must act quickly. Well-priced homes attract multiple offers. Timing becomes crucial in this tighter market. Buyers still searching for Glendale real estate will face limited options.
If you want to learn more about Glendale homes for sale and their current values, call Phyllis’s office at 818-790-7325. She has extensive local market knowledge and can provide you with up-to-date information. Whether you’re searching for a charming bungalow or a luxury estate, she can help you explore the best options. Phyllis understands the unique qualities of each Glendale neighborhood. She can guide you through market trends, recent sales, and price evaluations. With her expertise, you can make informed decisions and find the perfect home that fits your lifestyle and budget.
