**Updated for July 2019**
It is time for the Glendale Ca real estate market report. What happened in July 2019 and where is the market trending?
GLENDALE CA REAL ESTATE MONTHLY MARKET REPORT
Glendale Ca Home Sales Are Down
But why does it feel so competitive? Buyers are still encountering multiple offers and getting bid out of the homes they want.
The number of homes sold is nearly 30% lower than it was last year, but this feels like an inventory problem, not a lack of buyer demand. Today’s buyers are willing to wait for the “right” home rather than buy a home they feel is over priced or requires work.
The number of homes that have reduced their price is over 30%, but don’t panic. It’s been hovering around the 30% mark all year.
Sales to List Price % is down. Now, this is an interesting number. It means that fewer homes are selling in “bidding wars” and/or even multiple offer competition is not driving the prices up. Earlier this year the over all average List To Sale Ratio was a tich over 100%
Be the “Best In Show”
With all of the uncertainty Glendale CA homebuyers felt, we sold 7 homes in July – easily a company record for the month. Our Glendale listings attracted multiple offers or a single offer far above the asking price.
Some of the homes were absolute show stoppers and one was very original but super clean. Each one looked like the best value on it’s market – it was the “Best in Show”.
Homes that are not Best in Show are sitting without offers. Buyers are clearly value sensitive , if the list price seems high for the value presented in a home the buyers are not even making an offer.
Are you thinking of buying or selling?
Don’t Gamble, Get DIGGS
Call Kendyl (818) 482-1885 (direct) or
Text (818) 946-0106 or
NEWEST HOMES FOR SALE IN GLENDALE CA
Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.