Glendale Home Market January 2019: Selling prices ranged from $600,000 for a two-bedroom, 882 sq ft home on Crescent Dr. to $2,150,000 for a four-bedroom, four-bath, 3,571 sq ft estate on 1422 Imperial Dr. Last month, nineteen Glendale homes closed escrow.
The average price per square foot was $532.11, average days on market was 63. The average Glendale, CA selling price was $1,141,647. Selling price to list price (average) was 97.67% and the absorption rate 3.05%. The median selling price was $1,130,000.
Glendale Housing Market January 2019 Recap:
In Glendale, seven homes sold for over the asking price, indicating strong demand in the market. However, twelve homes sold for less than the original asking price, showing that buyers were able to negotiate in some cases. Five of these homes had a price reduction before selling, which highlights the importance of setting the right price from the start.
The median selling price in Glendale was $1,130,000, up from last month. This increase suggests that, despite some price reductions, the market remains relatively strong.
The holiday season often impacts the real estate market, as many sellers choose not to list their homes during this time. Fewer listings mean less inventory, sometimes leading to increased competition for well-priced homes. However, fewer buyers are actively searching in December, so it’s important for sellers to be patient. Despite this, those who do sell can still achieve solid results, especially if they adjust their pricing strategy.
In conclusion, the Glendale market shows mixed trends, but the increase in median price and the number of homes selling above asking indicate that there are still opportunities for well-prepared sellers.
To learn more about the Glendale community, check out my real estate website @ www.HarbandCo.com
