November 10, 2011
By Phyllis Harb
26% of Glendale home sales were foreclosures or short sales
|
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
|
|
September
|
38
|
$308.07
|
75
|
$623,355
|
97.57%
|
7
|
8
|
4.61
|
|
October
|
38
|
$345.55
|
70
|
$631,587
|
97.54%
|
6
|
4
|
4.18
|
|
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%
|
|
September
|
7
|
$315.89
|
80
|
$585,429
|
99.55%
|
18%
|
|
October
|
6
|
$335.71
|
108
|
$416,883
|
100.18%
|
16%
|
|
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%
|
|
September
|
8
|
$305.20
|
50
|
$545,375
|
103.29%
|
21%
|
|
October
|
4
|
$278.36
|
29
|
$409,250
|
99.54%
|
11%
|
|
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%
|
|
September
|
23
|
$306.63
|
82
|
$662,022
|
95.54%
|
61%
|
|
October
|
28
|
$357.25
|
68
|
$709,357
|
97.06%
|
74%
|
Listings for traditional home sellers (real people) are
in high demand, Home buyers and real estate agents have tired of the short sale
waiting game and the foreclosure circus.
Let’s see how Glendale’s real estate statistics came in
for October 2011:
The number of homes sold remained the same
Price per square foot jumped
DOM (days on market) decreased from last month
Average selling price increased
% of sales price to list price reflects a minimal
decrease
Absorption rate continues to hover in the 4% range
Glendale Home Buyers, interest rates are at historic
lows, they are crazy low. Interest rates
will increase they always do. Keep in mind that for every 1% increase in
mortgage interest rates, you will need about a 10% drop in property values to
afford the same monthly payment.
