subject: Glendale Real Estate Market Comparison Report (march 2009 Vs. March 2010) [print this page] We analyze several housing market indicators in order to present an in-depth breakdown of Glendale Real Estate Market comparing March 2009 to March 2010.
Summary of Key Points
Glendale Real Estate has shown small signs of improvement with median sales priceinching up and sellers receiving 99% of asking price.
Key Statistics, Glendale, CA: Median Sales Price (0.31%), Median Days on Market (29.21%), and Number of Units Sold (-17.07%), Sales Price to List Price Ratio (March 09 94% - March 10 99%)
Glendale Real Estate
The city of Glendale experienced a 0.31% increase in median sales price from last year going up from $648,539 (March 09) to $650,576 (March 2010). Median days on market data for Glendale show that houses are selling slower than March 09. It took 52 days in March 09 for a house to sell and for March 10 that number has gone up to 67 days (a 29.21% deterioration). Another important factor to consider is total number of units sold. In the month of March 09, 41 units were sold compared to 34 for March 10 (-17.07% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Glendale. SP/LP ratio for March 09 was 94% compared to 99% for March 10.
Lets take a brief look at neighbors Burbank and West Hollywood. Burbank Real Estate featured a 1.81% increase in median sales price ($538,732 March 09 - $548,509 March 10) and West Hollywood Real Estate saw an 13.52% decrease ($1,135,500 March 09 - $982,000 March 10). Are houses in Burbank and West Hollywood selling faster or slower this year? Well, Burbank experienced a 22.53% decrease (77 to 59 days) in median days on market and West Hollywood saw a 24.85% decrease (84 to 63 days). In the units sold category, Burbank sold 12 units more (30.77%) in March 2010 than 09 and West Hollywood sold 6 units more (300.00%) in March 2010 than March 09.
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