Glendale Housing Stats for October 2018. Last month 47 Glendale homes closed escrow. Selling prices ranged from $580,000 for a two-bedroom, one-bath, 912 sq ft home on Maple St. to $2,285,000 for a four-bedroom, four-bath, 2,962 sq ft estate on Balmoral Dr.
Glendale Housing October 2018 Recap:
Nineteen Glendale homes sold for over the asking price. This strong demand shows buyer confidence in the area. Meanwhile, three homes sold right at the asking price. On the other hand, twenty-six homes sold for less than the listed price. This suggests that some sellers adjusted expectations to meet market realities.
Interestingly, only four Glendale homes—less than 10%—had a price reduction before selling. This is a clear sign of stability, even with shifting market conditions. The median selling price climbed to $1,157,000. This marks an increase from the previous month, signaling ongoing strength in the Glendale market.
According to Core Logic, Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high. Their report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.
That’s a wrap for Glendale Housing Stats for October 2018.
To learn more about the Glendale community, check out my real estate website @ www.HarbandCo.com
