Today we are starting a new feature for homeowners, an ongoing measurement of your neighborhoods real estate activity.
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. The idea is you’ll always have 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– the median price all single family homes that sold within 6 months from the time I pull the report.
Days on Market– the average days it takes to put a home under contract
I will also do a separate post for condos, per city.
Got it? Ok, here is the very first neighborhood Market Watch:Northwest Glendale: Active: 12, In Escrow: 48, Sold: 116, Median Price: $577,500, Days On Market: 59
Of course, the next Market Watch I do will show you how much and in what direction these numbers are moving.
Hope you like it!