September 9, 2011
By Phyllis Harb
|
Glendale – By The Numbers –
YTD 2011
|
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM
|
Avg. Sale Price
|
SP % LP
|
# of Short Sales
|
# of REOs
|
Absorption Rate
|
|
January
|
30
|
$318.52
|
80
|
$539,517
|
96.43%
|
10
|
9
|
|
|
February
|
20
|
$325.65
|
75
|
$620,517
|
95.17 %
|
4
|
3
|
|
|
March
|
43
|
$324.89
|
70
|
$708,674
|
98.03%
|
8
|
4
|
|
|
April
|
41
|
$330.40
|
75
|
$600,768
|
97.04%
|
5
|
10
|
4.12
|
|
May
|
43
|
$321.72
|
79
|
$571,080
|
97.52%
|
13
|
7
|
3.77
|
|
June
|
45
|
$344.36
|
78
|
$661,856
|
96.77%
|
11
|
3
|
3.8
|
|
July
|
40
|
$354.06
|
53
|
$598,461
|
98.56%
|
4
|
6
|
4.63
|
|
August
|
44
|
$318.12
|
73
|
$631,120
|
95.56%
|
12
|
7
|
4.16
|
|
Glendale – By The Numbers – YTD 2011 – Short Sales
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM
|
Avg. Sale Price
|
SP % LP
|
% of Market Share
|
|
January
|
10
|
$300.62
|
68
|
$493,100
|
95.71%
|
33%
|
|
February
|
4
|
$253.47
|
90
|
$633,750
|
94.10%
|
20%
|
|
March
|
8
|
$291.15
|
107
|
$525,000
|
98.12%
|
19%
|
|
April
|
5
|
$301.46
|
91
|
$516,000
|
95.41%
|
13%
|
|
May
|
13
|
$334.53
|
80
|
$550,000
|
99.10%
|
30%
|
|
June
|
11
|
$315.24
|
52
|
$583,409
|
97.47%
|
24%
|
|
July
|
4
|
$299.92
|
55
|
$651,250
|
104.91%
|
10%
|
|
August
|
12
|
$294.67
|
95
|
$489,333
|
97.25%
|
27%
|
|
Glendale – By The Numbers – YTD 2011 – REOs
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM
|
Avg. Sale Price
|
SP % LP
|
% of Market Share
|
|
January
|
9
|
$286.94
|
61
|
$458,756
|
96.47%
|
30%
|
|
February
|
3
|
$239.53
|
82
|
$612,111
|
90.47%
|
15%
|
|
March
|
4
|
$328.42
|
46
|
$632,250
|
105.21%
|
9%
|
|
April
|
10
|
$296.31
|
63
|
$523,700
|
97.08%
|
25%
|
|
May
|
7
|
$256.42
|
73
|
$423,711
|
96.74%
|
16%
|
|
June
|
3
|
$386.41
|
70
|
$526,667
|
97.30%
|
7%
|
|
July
|
6
|
$322.37
|
53
|
$457,000
|
98.90%
|
15%
|
|
August
|
7
|
$266.13
|
52
|
$580,271
|
96.36%
|
16%
|
|
Glendale – By The Numbers – YTD 2011 – Standard Sales
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM
|
Avg. Sale Price
|
SP % LP
|
% of Market Share
|
|
January
|
11
|
$360.63
|
107
|
$647,791
|
96.90%
|
37%
|
|
February
|
13
|
$367.73
|
69
|
$618,385
|
96.66%
|
65%
|
|
March
|
31
|
$333.14
|
64
|
$765,935
|
97.31%
|
72%
|
|
April
|
25
|
$351.92
|
78
|
$663,380
|
97.53%
|
62%
|
|
May
|
23
|
$334.94
|
79
|
$627,846
|
96.91%
|
54%
|
|
June
|
31
|
$357.95
|
77
|
$719,032
|
96.70%
|
69%
|
|
July
|
30
|
$371.05
|
53
|
$621,915
|
97.48%
|
75%
|
|
August
|
25
|
$343.92
|
68
|
$713,416
|
94.84%
|
57%
|
As a Realtor selling Glendale homes, it is crucial that I keep up with current real estate prices in each of
the Los Angeles neighborhoods in which I sell home. At the beginning of the month I search the multiple listing service (MLS) and examine last month’s closings.
The good:The number of homes sold/closed increased by 1
The not so good:The number of foreclosures and short sales increased in August, which impacted the statistics.
Average price per sq ft decreased, and the days on market increased
Selling price to list price decreased as well
