Glendale, CA

Wow! Robin DeCapua has created twenty-three posts since joining Active Rain in January! Although, I've been following her, I had no idea that she is new to the Rain. Robin, who has a background in graphic design, works with her daughter, Rachel Moore. Together, they stage homes to capture the interest of potential buyers. Their blogs posts are filled with take-away ideas for Realtors, sellers and homeowners. Their design ideas are brought to life in the many photos they share with their readers. Besides adding photos, these two talented women have taken their marketing to another level with links to their Madison Modern Home website, houzz.com and thumtack.com.

Robin mentions says in her bio, "We eat design for breakfast." I believe her and I love her spirit!

Robin DeCapua

Madison Modern Home

Glendale, California

818.472.0051

When remodeling your Kitchen or bath, check to see if your pipes need to be cleaned or replaced. Pipes can collect build-up or rust. In most cases, corrosion or build-up can reduce the interior size of the pipe by half, limiting water flow. in cases like this, you should replace these pipes as part of your remodeling project. It will cost less to do all of the needed work during your remodeling. It also makes sense to fix the pipes before you install new plumbing fixtures for better efficiency.

Is Demand Returning to  Glendale Properties? 

Being one of the oldest cities in greater Los Angeles, Glendale has long been known for its beautiful hillside homes and the high prices that come with them! This being said we did see quite a bit of over encumbered homes and distressed homeowners in this area and as a result property values have fallen, along with demand post-bubble burst.

New data released from the local Multiple Listings Service may suggest that buyers are beginning to move back into the area, and we may be at the bottom of the market for Glendale.

In the graph below we can see that based solely on quantity, the number of for sale properties in Glendale are at a 12 month low.  Additionally, pending sales are tied for 2nd place year-to-date, and sold properties are up.  As far as indicators of demand these three measurements are all in line with what an economist would expect to see before a rise in prices (as a result of scarcity).
 

However when we dig a little further things start to become confusing.  Take a look at the table below.  See anything out of place?

If you noticed that the average active price and the average sold price, are both near 12 month lows, then you have a sharp eye ;-).  If demand is returning to this market why do the prices of the properties in the area appear to be declining???  Simple, take a look at the average price per square foot.  It is just off the 12 month high.  Therefore if the average sale price is low relative to the previous months, but the average price per square foot is high, then the properties that are currently being sold are smaller on average then their predecessors!  Which supports our theory that demand should be beginning to return to this market!

If you are thinking of buying in this area, now would be a good time to get your offers in!  Keep an eye on the number of houses for sale, because if there is one rule that is always correct it is:

Scarcity always drives prices up!

 

Please feel free to submit any questions you may have in the feedback form below, and as always thanks for reading!

 

I just made a $50 donation to the American Cancer Society's Relay for Life - Pay It Forward

I'm involved with many American Cancer Society Relays for Life throughout the year. This time around, I made a donation to the Relay in Glendale, CA on September 3rd.

I have one older brother and 2 older sisters, and I LOVE them VERY much.

One of my sisters, when she was in her teens, had a form of cancer called non-Hodgkin's Lymphoma. She went through major treatment back then and is still here today as a survivor. And she's had some bouts with Melanoma throughout the years, and has made it through.

So I made this last donation in honor of her.

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Whispering Pine Teahouse and Friendship Garden, located minutes south of Burbank.

Great for weddings, gatherings and pictures.

This is such a serene garden to visit, I loved seeing the mothers with their children enjoying the day out. If you live in the area and want a place to meditate or just be thankful this is a great place to visit. Located at 1601 West Mountain Street, Glendale, CA 91201 Open M-Th 10:00a.m.-3:00p.m.

Do you know the value of your home Click here to find out.

Click here to request a property list of short sales, foreclosures, & reo's in your area

I negotiated my client's short sale, got his debt forgiven, $25,000.00 cash in his pocket & I have the letter to prove it!!!

Click here to find out if you qualify for a short sale on your home.

Enter to Win a $100,00 Home Energy Makeover!!!

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Referrals gladly accepted :)