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glendale annex: Real Estate Market Index Report La Crescenta CA February 2010 - 03/12/10 06:51 PM
Real Estate Market Report        
La Crescenta/Montrose/Glendale Annex           February, 2010
At A Glance
What a difference a month makes.  The Market Index dropped to 0.53, back to March-April levels primarily due to more inventory and fewer sales.  Considering the past few months this is a great time for buyers to get a good deal.  At least now sellers have competition and cannot afford to overprice if they want top dollar.  Note that you need to open escrow by April 30th to take advantage of the $8,000 Federal Tax Credit, and close by June 30th. 
 
Market Activity Index - … (1 comments)

glendale annex: Real Estate Market Index Report La Crescenta CA November 2009 - 12/28/09 04:43 PM
Real Estate Market Report        
La Crescenta/Montrose/Glendale Annex           November, 2009 
This area is holding at number 8 in Market Activity Index out of 22 areas.  Sometimes statistics are deceiving, and in CV over 40% of homes are selling within 30 days, so do not let the low Index fool you.  Good values go quickly, usually with multiple offers.  Overpriced listings (60% of the market) tend to sit, receiving offers that are below the list price. The extension and expansion of the $8,000 Federal Tax Credit will help, as well as the $6,500 tax credit for move-up buyers. Interest rates are … (0 comments)

glendale annex: Burbank, CA Real Estate Market Report, Sept. 2008 - 10/03/08 08:29 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.

After taking a dip in July, the market index rebounded up to 0.47, the highest in the last 12 months.  A year ago it was 0.14, in fact we are doing more business than last year.
 
New Listings
We had 66 new listings, compared to 74 in August and 125 last September.
 
Pending
The pending ratio jumped up to 1.00, another strong rebound, with 66 listings going into esrow.  Last … (0 comments)

glendale annex: LA Crescenta Market Report for April, 2007 - 05/09/07 07:00 PM
The view from the "Balcony of Southern California" is great...a little smoggy, but still great.  Great school scores (they keep going up), nice people, a great place to live and work.
How's the real estate market?  One of my favorite questions.   How do we really know?
I'll explain how I do it:
I measure the overall market with a Market Index, which is composed of key market variables we can measure.  If the Market Index is greater than 1.20, then it's a seller's market.  If it's between 1.20 and 0.80, it's a balanced market.  Below 0.80, it's a buyer's market.  La Crescenta's Market Index … (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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