Glendale Home Sales Statistics- October 2009

Pending

Written on - Not yet published to a wikizine

This week we are going to bang out all three cities statistics- today Glendale, then La Crescenta and last (but of course, not least!) the fine city of La Canada.

The most striking thing of note is that almost every number on this chart is down. Less listings, slightly less sales and, surprisingly, lower prices.

But less delve a little deeper. See how the price per square foot is higher? Smaller homes tend to have higher price per square foot. This number tells me that prices haven’t gone down- it is the smaller homes that are selling.

Single Family Homes	August	Sept	Oct

New Listings	41	44	32
Total Listings	130	127	110
Sales Pending	78	60	68
Homes Sold	33	38	35
Expired Listings	21	19	13
Average Days on Market	58	64	74
Average $per Sq.Ft.	$336	$348	$367
Median Selling Price	$633,000	$672,500	$603,500
Average Selling Price	$711,982	$674,079	$616,097
Absorption Rate *	3	3	3

Condos and Townhomes

New Listings	27	24	28
Total Listings	83	80	86
Sales Pending	37	47	47
Homes Sold	21	27	32
Expired Listings	11	13	7
Average Days on Market	93	57	88
Average $per Sq.Ft.	$264	$264	$262
Median Selling Price	$330,000	$329,000	$289,950
Average Selling Price	$348,952	$330,407	$317,869
Absorption Rate *	3	3	3
* The # of months to sell current inventory at present rate of sales