Glendale Real Estate Values December 2016: It’s been an excellent year for Glendale, California, home sellers. Last month, Glendale home sales ranged from $362,500 to $1,746,250. The low end was 1219 Carlton, for an 832-square-foot home on a 2,102-square-foot lot; Carlton is East of Glendale Ave. Over the years, I have sold several homes on this small street.
$1,746,250 bought 2125 Maginn Drive, a three-bedroom, three-bath view home, 2970 square feet on an 18,000+ square foot lot. This mid-century home is a real beauty. I will update you on this luxury Glendale home in the 19th blog post.
Glendale Real Estate Values December 2016 Recap: The low absorption rate means homes are selling faster than new ones are coming on the market. If no new listings appeared, Glendale would run out of available homes in just over a month. That’s a very short supply. It shows strong demand and limited inventory.
More homes are expected to hit the Glendale market soon. New listings often pick up in January, February, March, and April. That’s the typical spring selling season.
Advice for home buyers: Be patient. More options are likely coming. Waiting a bit could mean better choices. Stay ready, but don’t rush. Patience can pay off.
Want to know more about Glendale real estate? Give Phyllis a call at 818 790-7325
