Let’s crunch the numbers for the Glendale Housing Market in December 2020. The least expensive sale was a two-bedroom, one-bathroom, 1,156-square-foot home at 630 Glenmore Blvd. for $770,000, which was $21,000 over the asking price.
The most expensive sale was 1742 Riverside Dr. This equestrian estate was initially listed for $2,449,000 and sold in thirty-two days for $2,330,000.
Glendale Housing Market December 2020 Recap
This number tops December 2019’s forty-three by ten. Impressively, twenty-nine homes sold above their list price. Meanwhile, four homes hit their asking price exactly. Yet, twenty homes sold below the listed price. Generally, Glendale homes move quickly. The absorption rate shows less than one month’s housing supply, common for December. As a result, many Glendale sellers pull their homes off the market during the holidays. Additionally, buyer demand remains strong. Rising interest rates have not slowed activity. First-time buyers actively compete with investors. Well-priced homes often receive multiple offers. Ren
ovated properties, especially, attract premium bids. Glendale’s desirable neighborhoods, like Montecito Park, fuel this trend. Expect the market to stay competitive into early 2026.
We actively prepare a stunning Spanish Colonial Revival home for sale in Glendale’s Montecito Park neighborhood. This four-bedroom, three-bath residence spans roughly 3,500 square feet and occupies a 10,000+ square foot lot. Expect more details soon!
