February 15, 2012
By Phyllis Harb
Glendale Home Values
Compiling the monthly real estate statistics is time consuming, but I
believe the time invested is worthwhile. It is crucial for Realtors to
keep apprised of real estate market conditions and trends. So, without
further ado let's take a look at Glendale home values:
|
Glendale – By The Numbers –
YTD 2012
|
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM/
CDOM
|
Avg. Sale Price
|
SP % LP
|
# of Short Sales
|
# of REOs
|
Absorption Rate
|
|
January
|
44
|
$316.68
|
82/120
|
$579,252
|
95.99%
|
13
|
7
|
2.93
|
|
Glendale – By The Numbers – YTD 2012 – Short Sales
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM/
CDOM
|
Avg. Sale Price
|
SP % LP
|
% of Market Share
|
|
January
|
13
|
$323.03
|
93/154
|
$573,231
|
96.16%
|
30%
|
|
Glendale – By The Numbers – YTD 2012 – REOs
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM/
CDOM
|
Avg. Sale Price
|
SP % LP
|
% of Market Share
|
|
January
|
7
|
$285.35
|
73/90
|
$385,086
|
97.29%
|
15%
|
|
Glendale – By The Numbers – YTD 2012 – Standard Sales
|
|
Month
|
# Sold Homes
|
Avg. Price per Sq Ft
|
DOM/
CDOM
|
Avg. Sale Price
|
SP % LP
|
% of Market Share
|
|
January
|
24
|
$322.65
|
79/109
|
$639,146
|
95.68%
|
55%
|
Looking back to last year: January 2011, had 30 sales, average price per
foot $319, averaged 80 days on market. The average selling price was
$539,517 and percentage of selling price to list was 96.43. 63% of
Glendale homes sold in January 2011, were short sales or foreclosures,
compared to this years, 45%.
