Let’s dissect Glendale Housing Stats April 2020. Because of the coronavirus, quite a few Glendale escrows were canceled last month. We are in what should be the peak spring home-selling season, but yet COVID has changed that. Interesting to note that the average price per square foot year over year is almost identical.
Last month, the lowest priced home sold was a two-bedroom, one-bathroom, 1,422 sq ft home on Columbus for $600,000, and the most expensive sold was a six-bedroom, seven-bathroom, 7,922 sq ft at 1920 Starvale Rd. for $2,950,000.
Glendale Housing Stats April 2020 Recap:
Glendale’s real estate values show resilience. Two forces shield prices from collapse. First, a large supply deficit tightens the housing market. Limited inventory drives competition. Second, population growth fuels demand. Pent-up household formations add pressure. Young adults seek homes. Families relocate to Glendale. Consequently, buyers compete fiercely. Prices hold steady or climb. The supply shortage persists. New construction lags behind need. Meanwhile, Glendale’s vibrant economy attracts residents. Top schools draw families. Cultural amenities boost appeal. Thus, demand outpaces supply. Investors eye strong returns. Homeowners gain equity. Glendale’s real estate market remains a seller’s domain. Future growth appears likely.
Related Post: 1920 Starvale Road Glendale Closed
