Glendale Housing Market February 2022

Let’s examine the Glendale Housing Market in February 2022. Last month, thirty-three homes were sold. The inventory in Glendale is very scarce, as evidenced by the very low absorption rate—twenty-two of the thirty-three Glendale home sales sold for more than the asking price. Three are at the asking price, and eight are less than the asking price. Only four properties had to reduce the list price before eventually selling.

The least expensive home sold was a two-bedroom, one-bathroom, 640-square-foot home located at 619 S. Louise St.  It sold for $750,000; the list price was $650,000.

The most expensive Glendale home sale was a four-bedroom, four-bathroom, 4,008-square-foot home at 1479 Belleau Road. It sold for $3,150,000; the list price was $2,777,000.

The average price per square foot of Glendale sales ranged from a low of $486.39 for a 3,968 square foot home on Ayars Canyon Way to the highest price per square foot at $1,358.13 for a 578 square foot home on Arden. Price per square foot isn’t always a reliable measure of value. It ignores key factors like home features and location. Two homes with the same size can vary greatly in value. Features like a pool or high-end finishes can make a big difference. Location also impacts value, which price per square foot doesn’t show. A better layout can make a home feel more spacious. Market conditions can influence price per square foot without reflecting the home’s true worth. Newer homes or those in better condition may be worth more. Property type, like a townhouse versus a detached home, can affect value too. Price per square foot is just one factor and doesn’t tell the whole story.