Glendale, CA Real Estate News

By Lupe Soto-Realtor, Listing, Selling Burbank Palmdale & more
(Realty Connection Group)
You can now view all available GLENDALE, CA homes and condos for sale with Lupe Soto Glendale Realtor (818)968-3718 or email Lupe@HomesWithLupe.com or click here to REQUEST SHOWING or more information anytime Contact Lupe (818) 968-3718REO's, Short Sales & much more, click here to view our listingswww.HomesWithLupe.com My job will be to search the market for a property that fits your wants and needs in a price you will be comfortable with and then help you OWN IT!. Please call Lupe (818)968-3718 at any time if you have questions, or to notify Lupe regarding changes in your home search criteria.Remember, I have no intention of selling you a home, only helping you locate the one you wish to purchase. I look forward to working with you. ABOUT GLENDALE CA:  At the foot of the Verdugo Mounta...
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By Keith Sorem
(Keller Williams Realty)
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 month and 53 a year ago.   New Pending Listings - 63 listings entered escrow, compared to 58 last month, and 42 in 2008.   Pending Ratio -1.21, up from 0.91, last mont...
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By Keith Sorem
(Keller Williams Realty)
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 - 64 new listings this month, compared to 77 last month and 88 a year ago.   New Pending Listings - 58 listings entered escrow, compared to 67 last month, and 42 in 2008.  ...
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By Paul Argueta
(REOheaven.com)
1677 Country Club Dr Glendale CA 91208 2 beds, 2.0 baths, 1,446 sq ft just sold!! $600,000!!! http://tinyurl.com/kwtt32
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By Sue Eller
(Realogics Sotheby's International Realty-Sequim)
This is my unique presentation about the current real estate market trends as we head into the fall and winter seasons. Inventory is way down and demand is up so it is very difficult to get buyers to be aware of this. Inventory in La Crescenta went from over 10 months in February to under 2 months now. All homes under 700K are in multiples! Love to have any comments on this video presention. Thanks for watching! visit www.ellertheseller.com to learn more about me.
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By Keith Sorem
(Keller Williams Realty)
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 Inventory - 197 listings, down from 212 last month. In 2008 we had 334 listings.   Sold Listings - 56 homes sold, down from 63 last month an d 77 last year.     Absorption Rate -3.5 months, up slightly from 3.4 months last month. A year ago it was 5.5 months.     Aver...
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By Paul Argueta
(REOheaven.com)
1677 Country Club Dr Glendale CA 91208 2 beds, 2.0 baths, 1,446 sq ft now pending!! $539,000!! http://tinyurl.com/kwtt32
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By Paul Argueta
(REOheaven.com)
  1677 Country Club Dr Glendale CA 91208 2bd, 2bth, BOM! Property fell out of escrow at no fault of seller. $539,900! http://tinyurl.com/kwtt32  
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By Keith Sorem
(Keller Williams Realty)
Real Estate Market Report Glendale, CA            July , 2009   Market Index- 0.57 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 3 points from last month and is at to 0.60.   New Listings - 74 new listings this month, compared to 56 last month and 80 a year ago.   New Pending Listings - 57 listings entered escrow, compared to 66 last month, and 38 in 2008.    Pending Ratio -0.77, down from  1.02,  last month. A year ago it was 0.48.    Listing Inventory - 212 listings, up from 199 last month. In 2008 we had 351 listings.   Sold Listings - 63 homes sold, equal to 63 last month and 57 last year.     Absorption Rate -3.4 months, up slightly from 3.2 months last month. A year ago ...
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By Keith Sorem
(Keller Williams Realty)
Real Estate Market Report Glendale, CA            June , 2009   Market Index- 0.60, up another 10 points. 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 continues to increase and is at to 0.60, up another 10 points.   New Listings - 56 new listings this month, compared to 86 last month and 86 a year ago.   New Pending Listings - 57 listings entered escrow, compared to 66 last month, and 45 in 2008.    Pending Ratio -1.02, up 25 points from  0.77,  last month. A year ago it was 0.52.    Listing Inventory - 199 listings, down from 259 last month. In 2008 we had 374 listings.   Sold Listings - 63 homes sold, equal to 63 last month and 62 last year.     Absorption Rate -3.2 months, down fr...
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By Lynne Pope, "Out of the Blue" solutions for perfect homes
(eXp realty, MFA,Hermosa Beach,Redondo Beach,South Bay )
What about that? This week in Glendale a story evolved on a house for sale. It was listed for 449,900. 3 bedroom 2 bath. So many people came that they had to wait to go through the house during viewing times (The agent had to guard that the cats did not get out) They asked for sealed bids there were getting to be so many. They had never in 30 years seen this reaction on a house. There were 28 offers. 10 were over 500K and the highest offer was 550K. 27 dissapointed buyers. 27 people and counting are really really upset over trying to buy a house right now. Hearts broken. This was not a trick or agent manipulation. There were few comps sold in the area. This was not a short sale or bank owned. It was nice, cute, it had wood floors and so much potential. It was lovely.  Also, it needed wo...
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By John LaRocca
(LaRocca Inspections)
I recently read "Fast Food Nation" (I know, I'm behind the times) and I had an epiphany. I am trying to stop buying from Fast Food companies and other large corporations that offer a low price at the expense of our health and the welfare of their employees. I am now trying to do most of my shopping locally! This is easy with things like produce. I live in Southern California where there's a farmers market somewhere every single day with amazing, fresh, local produce; but there are other items that are such a habit, they are harder to change. I usually use Ralphs Supermarket to cater my lunches at Real Estate Offices. (for those of you, not familiar with Ralphs, it's like a Safeway Store such as Von's, Pavilions, Jewel-Osco, etc.) I recently decided to cater from a nearby family bakery c...
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By Keith Sorem
(Keller Williams Realty)
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 0.72, and a year ago it was 0.46.  Listing Inventory - 259 listings, down slightly from 285 last month. In 2008 we had 402 listings. Sold Listings - 63 homes sold, compared to 45 last month and 86 last year.   Absorption Rate -4.1 months, down from 6.3 month...
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By Sue Eller
(Realogics Sotheby's International Realty-Sequim)
Musings from “Shadow”-Sue Eller’s Real Estate Companion. I just posted this text in my blog on www.ellertheseller.com The market in Glendale Calif is heating up.  Spring is in the air and the market is picking up. I am amazed at how many buyers are out on open houses and not just for the lower end or REO types of properties: the following excerpt from my website blog is a case in point. Written by "Shadow"-Sue's Real Estate assistant (a very smart Belgian Sheepdog, who is helping is mom in the RE Biz!) Well, my mom, Sue Eller a Dilbeck Realtor, has been very busy as of late! Just last weekend we were out distributing open house invitations in the Rossmoyne area of Glendale, and here we are a week later, already in escrow with our new listing at 1512 Capistrano ave. in the Verdugo Woodla...
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By Keith Sorem
(Keller Williams Realty)
Real Estate Market Report Glendale, CA         March , 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.    With the economic turmoil in the news, amazingly the Market Index jumped TWELVE POINTS from 0.26, to 0.38 last month, versus to 0.16 last year. New Listings -87 new listings this month, compared to 82 last month, versus 153 a year ago. New Pending Listings - 63 listings entered escrow, compared to 35 last three month, and 35 in 2008.  Pending Ratio - 0.72, compared to last month 0.43, and a year ago it was 0.23.   Listing Inventory - 306 listings, down slightly from 312 homes last month. In 2008 we had 454 listings.  Sold Listings - 54 homes sold, compared to 46 last month and 39 la...
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By Keith Sorem
(Keller Williams Realty)
    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 year ago it was 0.31.    Listing Inventory - 314 listings, down slithly from 318 homes last month. In 2008 we had 400 listings.    Sold Listings - 46 homes sold, compared to 45 last month and 31 last year.      Average Sale Price - Declined again to $484,808, down 19.4% f...
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By Keith Sorem
(Keller Williams Realty)
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.    Listing Inventory - 318 new listings, compated to 248 listings last month. In 2008 when there were 390 listings.    Sold Listings - 45, down from 55 homes sold last month,  compared to 44 last year.     Average Sale Price - $521,939, declined  from   $550,635...
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By Kendyl Young
(Teles Properties)
Now it's on to talk about the Rossmoyne area of Glendale. Again, this is the first month of on on going series. As we progress, you will get a great idea of the trends for this year. Single Family Homes January New Listings 20 Total Listings 62 Sales Pending 7 Homes Sold 10 Expired Listings 7 Average Days on Market 98 Average $per Sq.Ft. $319 Median Selling Price $716,500 Average Selling Price $615,308 Absorption Rate * 5 * The # of months to sell current inventory at present rate of sales You can call this the baseline. We are starting this year with 5 months of inventory on hand. This is considered a balanced market, with neither a strong bias toward buyers or sellers. I know this is bursting the bubble of some of you buyers out there... but the truth is, there is not a heck of a lot ...
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By Keith Sorem
(Keller Williams Realty)
  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, down from 295 homes last month. In 2007 we had 354 listings.  Sold Listings - 55 homes sold, compared to 43 last month and 54 last year.  Watch for this to rise due to the high pending rate.   Average Sale Price - Declined again to $550,635 down 18.6% from la...
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By Sue Eller
(Realogics Sotheby's International Realty-Sequim)
It was one of those crystal clear blue sky white puffy cloud days that are so rare in Southern California. I had been diligently working all day at my computer trying to drum up real estate business when I decided to go out and enjoy one of Glendale and La Crescenta's best parks. I took my camera and my lunch and drove up to Deukmjian Wilderness Park. This huge park has a historical stone barn that was built from 1914-1918 and is currently under a restoration adaptive resuse plan adopted by the city of Glendale. The site was aquired in 1898 by George Le Mesanger, a French Immigrant who was a wine grower and businessman. He raised grapes and made wine until prohibition. He resumed the wine business after that until a fire gutted the barn and swept through the area in 1933. The barn was t...
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