Glendale

Glendale prices rise in 2nd Qtr

Glendale’s Median Sales price grew 4% in the 2nd Qtr, compared YoY with Q2 2018. The median sales price of $260,400 shows a 32% growth over the last 4 years, since the $197,000 median price posted in Q2 2015.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Glendale Prices Remain Flat

I pointed to some concerns about the pricing trend in Glendale a couple months ago (Mixed Signals in Glendale), and today’s follow-up chart confirms my suspicions.

Glendale’s Median Sales Price in May was up about 1% YoY from last May’s, $262,500 compared with $259,900 in May ‘18, after being down-to-flat for the entire 12 months in-between.

The high season isn’t over yet, so there’s still a chance for some price appreciation over the summer, but if we don’t see a bump in the next couple of months we could be in for a 2-year slowing trend…

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Glendale Prices Rising in spring

The median price per square foot crossed the $150/sqft mark in Glendale last month, up $12/sqft over last April and continuing the trend of rising prices this spring.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Mixed Signals in Glendale

Looking at the Median Sales Price monthly history in Glendale, and two things jump out at me:

  1. The chart slopes upwards from left to right, with the prices clearly increasing year after year. Feb ‘19 was up 10.9% YoY from Feb ‘18, which is a very large increase. We can also see that each February the median price has been higher than the prior year’s, so there’s no question which direction the number is trending.

  2. The highest median sales price in the chart was $259,900 in May ‘18. The chart shows plenty of zig-zags up and down along the way, but each time a new peak is reached, it is usually surpassed again within a couple-few months. The fact that the current peak was 10 months ago is a little disconcerting. Has the market begun losing steam?

I will be keeping my eye on Glendale in the 2nd quarter to see which observation turns out to be more accurate.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Glendale homes sitting on market longer

We’ve seen recently that prices in Glendale have continued to rise over the last few years. However, comparing February’s sales activity with the last few Februarys’ shows a sobering trend - the median number of days on the market for February sales has risen from 45 in Feb ‘16 to 51 days last month.

A modest 13% increase over the course of 3 years can’t be considered a “market slowdown”, especially since prices have increased during that time frame. However, it’s definitely something to be aware of and to keep our eyes on.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.