Glendale, CA

Are you thinking of buying a home for sale in Glendale, CA? Glendale, CA is a vibrante community with restaurants and shops lined down Glendale Ave and Brand Blvd.

The number of available homes for sale in Glendale, CA has fallen 30% from Dec. 2008 to Dec. 2009.

The monthly supply of inventory of Glendale homes for sale has fallen 32.2% to 3.7 months from a high of 5.4 months in Dec. 2008. I believe that 6 months of supply of homes is a balanced market between buyers and seller. At 3.7 months supply, there are more buyers than sellers in a certain price range.

If you are thinking of relocating to Glendale, it's important you consult with a local Glendale, CA Realtor.

You can now view all available GLENDALE, CA homes and condos for sale. This information is filtered from the local Glendale, CA & San Fernando Valley, Los Angeles County Multiple Listing Service (MLS). The information is updated daily and deemed reliable but not guaranteed. Please contact Lupe for more detailed information or to schedule a showing.

You can view homes and condos for sale by ZIP CODE, by LISTING TYPE: for sale, foreclosure, short sale, new home, by PROPERTY TYPE: single family, condo, townhouse, multifamily, commercial, land, farm, ranch, manufactured, coop, etc.

 Glendale, CA by zip codes: 91201, 91202, 91203, 91204, 91205, 91206, 91207, 91208, 91210, 90039 Atwater Village

Search like an agent, FREE access to all MLS listings, click here

Contact Lupe to request a custom search: Pool home, new construction, any area, any price

Real Estate Market Report

Glendale, CA November , 2009

The Market Activity Index increased to 0.69. Sales are up and inventory continues to decline, resulting in some properties selling over asking price with multiple offers. Prices appear to be headed back up, and interest rates are still low, although expect an increase in March when the Treasury expends their stimulus dollars.

Market Index- 0.69 - up 7 points!

The Market Index is at 0.69, up from 0.62 last month and compared to 0.32 a year ago.`

New Listings - 52 new listings this month, compared to 64 last month and 53 a year ago.

New Pending Listings - 63 listings entered escrow, compared to 58 last month, and 42 in 2008.

Pending Ratio -1.21, up from 0.91, last month. A year ago it was 0.79.

Listing Inventory - 198 listings, down from 204 last month. In 2008 we had 295 listings.

Sold Listings - 73 homes sold, up from 68 last month and 50 last year.

Absorption Rate -2.7 months, down slightly from 3.0 months last month. A year ago it was 5.9 months.

Average Sale Price - $528,876 UP from last month's $476,665 and down 3.4% from last year. Due to larger homes selling.

Price Per Square Foot - $321.70, up from $316.06 last month, and down 8.4% compared to last year.

Conclusions

The Market Activity Index demonstrates opposing factors - fewer new listings, more listings entering escrow and then selling, resulting in a low listing inventory. We hear about a "wave of foreclosed properties" coming on the market, but see little evidence. Less inventory means higher prices, sooner or later.

For buyers -Fewer homes on the market means multiple offers on properties that are priced right, and low-ball offers are likely to be ignored by sellers.

For sellers - The lack of quality inventory is in your favor. Maximize your profit by taking advantage of our Highest Price Analysis and learn how to make the most when you sell.

Keith Sorem DRE#0137463

Glendale Realtor of the Year 2009

Data from i-Tech and SRAR MLS has not been verified, is not guaranteed, and is subject to change.

Real Estate Market Report

Glendale, CA October , 2009

Glendale has a Market Activity Index of 0.62, making it an overall good place to buy. Sales are up and inventory continues to decline, resulting in some properties selling over asking price with multiple offers. The best deals sell quickly, leaving over-priced homes to sit on the market. Overall homes values appear to have bottomed out.

Market Index- 0.62 - no change from last month.

The Market Index is at 0.62, equal to last month and compared to 0.35 a year ago, still an improvement.

New Listings - 64 new listings this month, compared to 77 last month and 88 a year ago.

New Pending Listings - 58 listings entered escrow, compared to 67 last month, and 42 in 2008.

Pending Ratio -0.91, up from 0.87, last month. A year ago it was 0.48.

Listing Inventory - 204 listings, down from 211 last month. In 2008 we had 324 listings.

Sold Listings - 68 homes sold, up from 63 last month and 70 last year.

Absorption Rate -3.0 months, down slightly from 3.3 months last month. A year ago it was 4.7 months.

Average Sale Price - $476,665 down from last month's $541,439 and down 25.3% from last year. The big drop is due to fewer large homes selling.

Price Per Square Foot - $316.06, down from $320.95 last month, and down 9.5% compared to last year.

Conclusions

The Market Activity Index demonstrates opposing factors - fewer new listings, more listings entering escrow and then selling, resulting in a low listing inventory. We hear about a "wave of foreclosed properties" coming on the market, but see little evidence. Less inventory means higher prices, sooner or later.

For buyers -Fewer homes on the market means multiple offers on properties that are priced right, and low-ball offers are likely to be ignored by sellers.

For sellers - The lack of quality inventory is in your favor. Maximize your profit by taking advantage of our Highest Price Analysis and learn how to make the most when you sell.

For more information call Keith at 1-888-284-2056 or www.BeautifulVerdugoHomes.com

Keith Sorem, Realtor DRE #01374635

Data from i-Tech and SRAR MLS has not been verified, is not guaranteed, and is subject to change

1677 Country Club Dr Glendale CA 91208 2 beds, 2.0 baths, 1,446 sq ft just sold!! $600,000!!! http://tinyurl.com/kwtt32