Let’s crunch the numbers! Glendale housing update for September 2021:
Last month forty-eight homes closed escrow. Thirty-five of these homes sold over asking price, three homes at asking price and ten below asking price. Last month eight Glendale homes had price reductions prior to selling.
The least expensive home sold was a two bedroom, one bathroom, 814 square foot home at 1401 E. Maple. It sold for $720,000. The most expensive home sold was a five bedroom, six bathroom, 3,650 square foot home at 1450 Royal Blvd. This luxury home sold for $2,800,000.
Interesting to note price per square foot decreased as well as average selling price and median selling price. Days on market increased and the absorption rate remains less than one month supply of listing inventory.
The average price per square foot ranged from $380.60 for a 6700 square foot home on Stephens Circle to an 831 square foot home located on Woodland Ave. It sold for $1,161.25 per foot.