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Glendale Home Sales Statistics- October 2009

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

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