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glendale: Real Estate Market Index Report Glendale CA February, 2010 - 03/10/10 06:02 PM
Real Estate Market Report
Glendale, CA February , 2010
At A Glance
The Market Activity Index decreased for the third month in a row, creating the perfect storm for buyers: low interest rates (although projected to increase soon), more inventory, and prices dipping. Remember that you need to open escrow by April 30th and close by June 30th, so for a short sale that could be a challenge. To lock your rate you need an accepted offer.
Market Index- 0.43 - down 4 points.
The Market Index is at 0.43, down from 0.47 last month and up compared … (0 comments)
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glendale: Real Estate Market Index Report Glendale CA November 2009 - 12/28/09 04:19 PM
Real Estate Market Report
Glendale, CA November , 2009
The Market Activity Index increased to 0.69. Sales are up and inventory continues to decline, resulting in some properties selling over asking price with multiple offers. Prices appear to be headed back up, and interest rates are still low, although expect an increase in March when the Treasury expends their stimulus dollars.
Market Index- 0.69 - up 7 points!
The Market Index is at 0.69, up from 0.62 last month and compared to 0.32 a year ago.`
New Listings - 52 new listings this month, compared to 64 last … (0 comments)
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glendale: Real Estate Market Index Report Glendale CA October 2009 - 11/19/09 06:23 PM
Real Estate Market Report
Glendale, CA October , 2009
Glendale has a Market Activity Index of 0.62, making it an overall good place to buy. Sales are up and inventory continues to decline, resulting in some properties selling over asking price with multiple offers. The best deals sell quickly, leaving over-priced homes to sit on the market. Overall homes values appear to have bottomed out.
Market Index- 0.62 - no change from last month.
The Market Index is at 0.62, equal to last month and compared to 0.35 a year ago, still an improvement.
New Listings - … (0 comments)
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glendale: Real Estate Market Index Report Glendale CA August 2009 - 09/23/09 06:43 PM
Real Estate Market Report
Glendale, CA August , 2009
Market Index- 0.60
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index UP 3 points to 0.60.
New Listings - 63 new listings this month, compared to 74 last month and 88 a year ago.
New Pending Listings - 63 listings entered escrow, compared to 57 last month, and 38 in 2008.
Pending Ratio -1.00, up from 0.77, last month. A year ago it was 0.55.
Listing … (0 comments)
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glendale: Real Estate Market Index Report for Glendale, CA May 2009 - 06/16/09 03:17 PM
Real Estate Market Report
Glendale, CA May , 2009
Market Index
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index made the biggest jump in the past 12 months to 0.50, up 14 points.
New Listings -86 new listings this month, compared to 85 last month, versus 103 a year ago.
New Pending Listings - 66 listings entered escrow, compared to 58 last month, and 47 in 2008.
Pending Ratio -0.77, up 9 points from 0.68, last month … (0 comments)
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glendale: Real Estate Market Report Glendale CA February 2009 - 03/18/09 05:22 PM
Market Index
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
With the economic turmoil in the news, amazingly the Market Index remained steady at 0.26, versus to 0.17 last year.
New Listings - 82 new listings this month, compared to 92 last month, versus 114 a year ago.
New Pending Listings - 35 listings entered escrow, compared ot 37 last three month, and 35 in 2008.
Pending Ratio - 0.43, compared to last month 0.40, and a … (0 comments)
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glendale: REal Estate Market Index Report Glendale CA January 2009 - 02/25/09 05:48 PM
Glendale, CA January , 2009
Market Index
A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index dropped from 0.39 to 0.26, compared to 0.16 last year.
New Listings - 92 new listings this month, compared to 42 last month, versus 150 a year ago.
New Pending Listings - 37 listings entered escrow, down from 42 last month, compared to 20 in 2008.
Pending Ratio -0.40, last month it was 1.01, compared to a year ago at 0.13.
… (0 comments)
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glendale: REAL ESTATE MARKET REPORT Glendale, CA December 2008 - 01/30/09 01:20 PM
Market IndexA market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
The Market Index back up 0.39 TEN points from 0.29 compared to 0.16 last year.
New Listings - 41 new listings this month, compared to 53 last month, versus 49 a year ago.
New Pending Listings - 42 listings entered escrow, the same for the last three months, compared to 35 in 2007.
Pending Ratio - 1.02, the highest this year. A year ago it was 0.71.
Listing Inventory - 248 listings, … (0 comments)
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glendale: Wonderful, sleek, townhome-style condo, polished concrete floors - 12/30/08 10:03 AM
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glendale: Investor land in prime Sparr Heights, Glendale, CA - 12/18/08 11:27 PM
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glendale: REAL ESTATE MARKET REPORT Glendale, CA November , 2008 - 12/06/08 09:50 AM
Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market.
The Market Index struggled back up two points to 0.32 compared to 0.30 for September.
New Listings - Fifty-three new listings in November, compared to 88 listings in October, versus 81 November.
New Pending Listings - Forty-two listings entered escrow, the same as October, compared to 25 in November, 2007.
Pending Ratio – 0.79, up from 0.48 in September. A year ago it was 0.31.
Listing Inventory – Two hundred ninety-five listings, … (0 comments)
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glendale: Ultra cool townhome with stained concrete floors Glendale, CA - 11/21/08 08:36 PM
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glendale: Cool, sleek, contemporary townhome in Glendale - 11/21/08 08:09 PM
730 West Doran #103, Glendale, CA 91203 http://www.postlets.com/res/1474314 … (0 comments)
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glendale: Cool, sleek, contemporary townhome in Glendale - 11/21/08 08:08 PM
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glendale: Real Estate Market Report - Glendale, CA October, 2008 - 11/06/08 10:53 AM
Glendale, CA September , 2008
Market Index - A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market.
Our up and down market continues, 0.30 for September after 0.33 in August.
New Listings - One hundred seventy two new listings, compared to 134 last September. It is unusual for the new listings to increase, probably due to more forced sales.
Pending Ratio -That big jump in new listings affected the Pending Ratio, only 47 homes opened escrow giving us a ratio of 0.27, about half … (0 comments)
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glendale: Real Estate Market Report La Crescenta, CA September 2008 - 10/12/08 03:44 PM
Market Index
Up slightly to 0.32, last September during the mortgage meltdown 0.14.
New Listings – Fifty Five new listings this month, compared to forty-four in August. Last year there were 27.
Pending Ratio 0.22, a drop of five points from August, the third month it declined. Last year the ratio was 0.22.
Listing Inventory – Dropped to 98 from118 in August. Last year we had 158 listings on the market.
Sold Listings – Sold 19, down from 24 last month and 16 last year.
Average Sales Price
$552,747, which is 24.6% down from last September, compared … (0 comments)
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glendale: Glendale, CA Real Estate Market Report, May, 200 - 06/12/08 10:06 AM
Glendale has been feeling the effects of the market shift, both ups and downs. Like the other markets I monitor, market activity has been increasing.
Market Index Looking at the last 12 months, the two top months have been May and June 2007. In May 2008 the Market Index reached 0.28, only TWO points below those earlier peaks.
Pending Ratio - In January the ratio was 0.13, jumping 33 points to 0.46. More escrows mean more closed sales next month.
Average Sale Price
Over the past twelve months the Average Sale Price has declined $178,184, from $783,055 in May
of … (0 comments)
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glendale: Burbank, CA Real Estate Market Report, May, 2008 - 06/10/08 11:19 PM
Burbank, like other local markets, is seeing a very busy spring selling season. Buyers may be waiting on the sidelines, however there is a lot to think about, not just dream about.
Market Index
In most markets the last peak was in May and June of 2007. Burbank's market index in May of 2008 reached 0.31, surpassing the previous peak of 0.30.
Pending Ratio
Homes going into escrow mean homes closing escrow, which in most cases means reduced inventory. When inventory declines, price go up, right? So for the last few months the pending ratio has been I increasing: … (0 comments)
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glendale: Burbank, CA Real Estate Market Report April 2008 - 05/16/08 05:43 PM
All markets go through cycles, and Burbank is no exception. For the last two years we knew that Burbank was experiencing a buyer's market and the question has always been "when is it going to hit bottom?". My answer has always been the same, that we will know until two or three months AFTER the market is headed back up.
Despite what you may read or see in the media, things might be changing. First, the Market Index for the month of April hit 0.24, the highest since the mortgage meltdown last August. There is a rule of thumb that … (0 comments)
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glendale: Glendale, CA Real Estate Market Report, April, 2008 - 05/12/08 09:59 AM
Glendale, like most markets in Southern California, has seen a shift from a seller's market to a strong buyer's market. Fueled by the mortgage meltdown in August and September of 2007, the number of buyers qualified to purchase homes has been severely decreased due to more restrictive lending guidelines. Homeowners who purchased property with Adjustable Rate Mortgages (ARMs) found themselves facing adjusting interest rates that in some cases forced them to either sell their home or even face foreclosure. Many homes are on the market not because the owners wanted to sell, but because they had to sell. The shrinking pool … (0 comments)
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Keith Sorem
Glendale,
CA
More about me…
Keller Williams Realty
Address: 411 North Central Avenue, Suite 100, Glendale, CA, 91203
Office Phone: (818) 432-3269
Cell Phone: (818) 230-8049
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