Glendale Home Values
Glendale Values March 2107:
The sales price to list price ratio shows that most Glendale homes sell above the asking price. This trend reflects strong demand and competitive bidding. Moreover, the low absorption rate indicates limited inventory. If no new listings were added, the current supply would be gone in just over a month. This tight market creates urgency for buyers and opportunities for sellers.
The median price in Glendale is $892,500. This means half the homes sell for more and half for less. Unlike the average price, the median is not easily skewed by outliers. A handful of luxury sales or distressed properties can distort the average. In contrast, the median provides a clearer snapshot of the typical home value. It’s a better gauge for understanding local market trends. Consequently, buyers and sellers can rely on it for realistic expectations.
Glendale Values March 2107 Recap: Glendale homes sell quickly; most are over the asking price.
Here’s a link to a recent article in the Wall Street Journal about why buying a home this year will be more complex than ever.
Average Price Per Foot of Glendale Home Sales
