Glendale Buyers often ask me, "How long has this house been on the market?", and I always ask back, "What will that information tell you?"
The truth is, the buyer often has no idea beyond the concept that the longer it's on the market, the more motivated the seller must be.
While that is often true, there is so much more you can learn!
There are two "Days on Market" numbers in the MLS. The first is the number of days the listing has been with this particular listing contract. There is no real explanation needed, here. 9 times out of ten, if you ask your Realtor how long the home has been on the market, they will give you this number.
The real juice, however, is in the second number, the "Cumulative Days on Market"(CDOM) and the "Listing History". The CDOM is the number of days the home has been on the market in the last 365 days. Sometimes this will tell you the home has spent a whole wack of time moving through the distressed sale process. Sometimes this number will reveal an unrealistic seller. 287 days at the same price? Move on, this sucker ain't gonna sell. (Or it is about to go short or foreclose)
At a minimum, the CDOM will tell you if you should look at the historical listing data - the record of a homes marketing journey going many years back. This information can often tell you if the property has had a history of problem selling or it might reveal when the seller is likely to drop their price again.
If your agent isn't sharing the historical data with you, shame on them! Ask about it and demand to see the data from them. If your agent isn't in the same MLS as I am, they are still able to get their hands on the data. Don't let them fool you. A good, professional agent, will give you this data without you asking, especially when you're getting ready to write that offer. If they don't, shame on them! Demand to see it.
Here is what the Glendale City Website has to say about this statue:
The statue of Miss American Green Cross was created in 1928 as a tribute to an early 20th Century tree society and a symbol of the deforestation that was taking place across the country at that time. After a car crashed into the statue, it was dumped behind Brand's Castle, and laid abandoned for 30 years. Hikers discovered it in an overgrown canyon in the mid-50's reporting that the arm of Miss American Green Cross was missing. It was assumed that vandals had carried it off. In 1981 the monument was taken to the city maintenance yard where she remained for 10 more years ~ until Glendale Parks, Recreation and Community Services, along with the organization Glendale Beautiful, raised money to have her restored.The statue was created to commemorate preservation of our forests and to remind everyone that trees are a renewable resource - if you manage them properly. Even in 1928 there were forward thinking environmentalists...
Anyway, the "Ridge" is always my favorite route. It is steeper, more rugged and challenging and, frankly, shorter, than the fire road. In a couple of places you need to scramble up a short stretch with hands and feet. The Ridge dumps you out close to the abandoned reservoir and, from there, you can continue up to the towers.
Take the road less traveled. Visit Miss American Green Cross and contemplate our forests. You'll be glad you did.
There are 17 homes on the sold list for last week! This is more than double the homes reported sold in last few weeks, so the trend continues in a positive direction. Below are the ones that caught my eye.
|
Address |
<!-- 2 City -->
City |
<!-- 3 Map -->
Bd |
Bth |
SqFt |
LotSz |
List Price |
<!-- 15 Sale Price -->
Sale Price |
<!-- 16 SP%LP -->
|
1125 Shirlyjean St |
<!-- 2 City -->
Sparr Hts |
<!-- 3 Map -->
3 |
3 |
1,817 |
7732sf |
629,000 |
<!-- 15 Sale Price -->
607,000 |
<!-- 16 SP%LP -->
|
2050 Rangeview Dr |
<!-- 2 City -->
Northwest |
<!-- 3 Map -->
3 |
2 |
1,404 |
8251sf |
617,000 |
<!-- 15 Sale Price -->
622,000 |
<!-- 16 SP%LP -->
|
4555 Indiana Ave |
<!-- 2 City -->
La Canada |
<!-- 3 Map -->
2 |
1 |
1,034 |
10754sf |
725,000 |
<!-- 15 Sale Price -->
695,000 |
<!-- 16 SP%LP -->
|
3129 Buckingham Rd |
<!-- 2 City -->
Chevy Chase |
<!-- 3 Map -->
4 |
3 |
2,733 |
10486sf |
844,000 |
<!-- 15 Sale Price -->
780,000 |
<!-- 16 SP%LP -->
|
1551 Cleveland Rd |
<!-- 2 City -->
Northwest |
<!-- 3 Map -->
4 |
3 |
2,344 |
17940sf |
870,000 |
<!-- 15 Sale Price -->
900,000 |
<!-- 16 SP%LP -->
|
2055 W Mountain St |
<!-- 2 City -->
Northwest |
<!-- 3 Map -->
3 |
3 |
2,670 |
15224sf |
1,049,000 |
<!-- 15 Sale Price -->
1,030,000 |
<!-- 16 SP%LP -->
1125 Shirleyjean is not really Sparr Hts, but it seams silly to start a catagory for this small enclave of homes off La Crescenta Ave. This home was on the market for about a million years as a trust sale. We are glad to see someone move in at long last!
2050 Rangeview was a hot ticket when it came on the market, attracting multiple offers in a week or so. This is one of 2 on my list that sold over asking.
4555 Indiana is a quirky street in La Canada that lies under the massive electical towers near Armstrong's. Even in this uneven market you can't buy under a million in La Canada proper without some kind of major ding.
3129 Buckingham is an exceedingly cool hideaway house tucked pretty far into the canyon. I thought this home would fly off the shelf, but I was wrong. Congratulations to the lucky buyer!
1551 Cleveland - congratulations to the buyer! I know you made an excellent choice - nearly 18,000 sf lot for $900,000. I can't wait to see what you will do with this home lot.
2055 Mountain is that lovely LOL home with the sopisticated look. I believe I called it the home of the arrive-ed. This is an excellent forever house and I hope the buyers are so happy they stay - a whole long time.
Click here for a report on all the solds for the week.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved