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Market Watch Update – Downtown Glendale

Here is your  Market Watch for Downtown Glendale.  Unlike the rest of Glendale, your market watch includes condos and town homes along with single family homes.Screen Shot 2013-02-22 at 12.52.14 PM

I report on the same statistics every time, and I’ll tell you if that number is more or less than the last report- it’s kind of like a stock market ticker. Next week I will note the change of value in parentheses for the difference between this market update and last market update. This way, you will have a weekly update for a sense of how your home’s “value” is trending.

Here are the statistics:

Active– the single family homes available at the time I pull the report

In Escrow– all single family homes under contract at the time I pull the report

Sold– all single family homes that closed escrow within 6 months from the time I pull the report

Median Price (Med. Price)– the median price all single family homes that sold within 6 months from the time I pull the report.

Days on Market (DOM)– the average days it takes to put a home under contract

So, here it is, Downtown Glendale, your market watch:

August 23: Active: 10 (-2), In Escrow: 11 (+2), Sold: 46 (-1), Med Price: $321,000 (-$4K), DOM: 39 (-2)

August 16: Active: 12 (-1), In Escrow: 9 (+1), Sold: 47 (+2), Med Price: $325,000 (+$3K), DOM: 41 (+1)

August 9: Active: 13 (+1), In Escrow: 8 (+0), Sold: 45 (+1), Med Price: $322,000 (-$1.5K), DOM: 40 (+1)

August 2: Active: 12 (+2), In Escrow: 8 (-4), Sold: 44 (+2), Med Price: $323,500 (+$3.5K), DOM: 39 (+0)

July 26: Active: 10 (-2), In Escrow: 12 (+1), Sold: 42 (+1), Med Price: $320,000 (+$0K), DOM: 39 (+0)

July 19: Active: 12 (+1), In Escrow: 11 (-1), Sold: 41 (+0), Med Price: $320,000 (+$0K), DOM: 39 (-2)

July 12: Active: 11 (+1), In Escrow: 12 (+0), Sold: 41 (+0), Med Price: $320,000 (+$0K), DOM: 41 (+0)

July 5: Active: 10 (+1), In Escrow: 12 (-5), Sold: 41 (+0), Med Price: $320,000 (+$0K), DOM: 41 (+3)

June 28: Active: 9 (+2), In Escrow: 17 (-3), Sold: 41 (+3), Med Price: $320,000 (+$1.75K), DOM: 38 (+0)

June 21: Active: 7 (+1), In Escrow: 20 (+0), Sold: 38 (-7), Med Price: $318,250 (+$1.75K), DOM: 38 (-4)

June 14: Active: 6 (-1), In Escrow: 20 (-3), Sold: 45 (+2), Med Price: $316,500 (+$0K), DOM: 42 (-4)

June 7: Active: 7 (+0), In Escrow: 23 (-2), Sold: 43 (+2), Med Price: $316,500 (-$8.5K), DOM: 46 (+0)

May 31: Active: 7 (+1), In Escrow: 25 (-3), Sold: 41 (-1), Med Price: $325,000 (-$8.95K), DOM: 46 (-1)

Check back again next week for another update, where I tell you how much each number has changed.

I hope you are enjoying this feature and that it will provide you with some valuable information about your home!

Here is a sample of homes available for sale in Downtown Glendale:

 

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