Let’s crunch the numbers for the Glendale CA Housing Market for November 2020.
Last month, the least expensive sales were two Glendale homes selling for 640,000. The first was a two-bedroom, one-bathroom, 812-square-foot home at 340 N. Columbus Ave. The other was a two-bedroom, two-bathroom, 831 square-foot home at 808 Fischer St. The most expensive home sold in Glendale was a four-bedroom, four-bath, 3,102 square foot home located at 1320 Romulus Dr., this luxury Adams Hill home sold for $1,710,000.
Glendale CA Housing Market November 2020 Recap:
Thirty-one Glendale homes closed last month. Eighteen fetched prices above asking. Two matched their asking price exactly. Eleven sold below the listed price. Eight required price cuts before selling. Buyers fiercely competed in Glendale’s hot market. Well-priced homes drew multiple offers. Montecito Park’s desirable neighborhood fueled demand. Renovated properties sold fastest. Sellers often accepted offers within days. The market remains tight. Inventory lags behind buyer interest. Rising prices reflect strong demand. Expect competition to persist.
While the number of days on the market inched up, the average sales price to list did so as well. Eighteen sold over their asking price, two at asking, and eleven for less than the asking price. Eight homes had price reductions before eventually selling.
