Glendale Real Estate Sales September 2015: Fifty-three homes sold last month. The average time it took to sell was only thirty-nine days. The average Glendale home sold over asking price. The number of days on the market was the lowest year to date.
Glendale Real Estate Sales September 2015 Recap:
The average Glendale home has multiple offers and bidding wars, resulting in selling prices higher than the asking price. The low absorption rate indicates that if there were no new listings. Inventory would be depleted in just over two months.
Chinese buyers are sinking cash into U.S. residential real estate. According to the National Association of Realtors, Chinese are now the top foreign buyers of domestic properties, and nearly half of them are paying cash. Read more here: But this rosy picture does raise concerns about affordability. After all, wages are rising by only 2 percent annually and renters are getting squeezed, having to endure 4 percent rate hikes while home prices accelerate more quickly.
If you are thinking of putting your home on the market, this may be a great time. I can help you get it ready to hit the market before Thanksgiving. Do you know anyone who needs to sell a home? I can help!
