As a Glendale, CA real estate expert it’s critical that I stay in tune with the market. Let’s crunch the numbers for the Glendale housing market in August 2022. The number of sales jumped from 26 to 44. Average sales price and median-priced have both decreased. Twenty-one homes sold for over the asking price. Two at asking and twenty-one below. The least expensive home sold in Glendale was a one-bedroom, one-bathroom, 608-square-foot home located at 2503 E. Glenoaks Blvd., selling for $640,000. The most expensive sale was a four-bedroom, three-bathroom, 3,677 square foot home located at 1110 Kildonan Dr. This luxury home was originally listed for $2,888,500 and sold over asking for $3,145,000.
Desirable homes such as the luxury sale on Kildonan, continue to sell over the asking price and in multiple offer situations. It is critically important for home sellers and their real estate agents to properly price the home from the onset. The Glendale housing market in August 2022 is experiencing more price reductions. In addition, sellers are frequently giving monetary credit to buyers after the inspection. While it continues to be a favorable market for home sellers, buyers now have some leverage.
Price per square foot ranged from a low of $551.28 for a 608 square foot home located at 2503 Glenoaks Blvd. The highest-priced home sale on Kildonan sold for $1202.73 per square foot.