Let’s take a look at the Glendale Housing Market for April 2021. This housing market is on fire; fifty-one homes were sold, thirty-nine of those sold for over asking, two at asking, and ten closed under the asking price. Only five of these had price reductions before eventually selling.
The least expensive home sold was a two-bedroom, one-bathroom, 1,000-square-foot home at 415 E. Lomita Ave., which sold for $640,000, $35,000 over the original asking price. The most expensive home sold was a five-bedroom, five-bathroom, 4,555 square foot home at 1155 Sweetbriar Dr. which closed escrow for $3,000,000. $5,000 over the original asking price.
Glendale Housing Market April 2021
The average price per square foot, sales price, and median price have increased each month this year. Consequently, property values are rising. At the same time, the number of days on the market has declined each month. As a result, homes are selling faster than before. Furthermore, the selling price to the list price is the highest year to date. Demand remains strong.
Moreover, the 2021 spring homebuying season is trending strong, reflecting many positive signs of economic recovery. Additionally, historically low mortgage rates continue to motivate prospective homebuyers, causing buyer interest to remain high. We anticipate continued demand in the summer and early fall of 2021, ensuring the market outlook remains positive.
