Glendale Home Stats for June 2018: Last month 50 Glendale homes closed escrow. Selling prices ranged from $570,000 for a 3-2 on Garfield to $2,650,000 for 7+3, 5,642 sq ft estate on Columbus Ave.
Glendale Home Stats for June 2018 Recap:
In June 2018, Glendale’s real estate market buzzed with energy. Twenty-eight homes soared above their asking prices, delighting sellers. Meanwhile, four hit the mark exactly at the listed price. However, eighteen settled below, showing a range of buyer responses. These results shout a clear message. A sharp marketing plan, paired with an aggressive asking price, rockets Glendale home sellers to maximum profits. The market’s pulse beats strong with a low absorption rate of 1.40. This figure reveals a stark reality. If no new Glendale listings emerged, inventory would vanish in under one-and-a-half months. Demand surges for Glendale’s diverse homes, from cozy bungalows to sleek modern builds. Buyers, drawn to vibrant neighborhoods and top schools, act fast.
Sellers seize the advantage, leveraging professional photography, virtual tours, and strategic open houses. These tools ignite buyer interest, often sparking bidding wars. Yet, precision matters. Overpricing risks longer days on the market, while underpricing leaves money on the table. The low inventory fuels urgency, pushing buyers to stretch budgets.
Glendale’s June 2018 stats paint a seller’s paradise. Smart sellers consult experts, analyze comps, and stage homes to shine. As competition rages, bold moves unlock top dollar. Now beckons the moment for Glendale homeowners to strike while the market sizzles!
Four Glendale homes sold for over two million dollars. The median selling price was $1,067,137. This reflects half of Glendale homes sold for more and half for less than the median selling price.
Update on my Glendale listing at 2328 Sylvan Lane: We had two broker’s open houses (caravan). Tuesday is for the Foothills, and Wednesday is for Glendale, followed by an open house both Saturday and Sunday. We had four offers, all above asking price and opened escrow.
