Glendale, CA Real Estate News

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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By Kendyl Young
(Teles Properties)
Here is a complete list of Glendale, La Crescenta and La Canada Open Homes. Burbank is a partial list. Al homes are open Sunday, Jan 24 from 2-4PM. Many are also open from 1 PM. Address Area Bed Bath SF Lot Price 628 E Palm #C Burbank 2 3 1160 7446 $405,000 436 Spencer Northwest 3 2 1900 7900 $839,000 812 E Chestnut Northwest 2 1 936 7087 $459,000 1230 Cortez Rossmoyne 4 3 2861 8708 $949,000 1817 Tamerlane Woodlands 3 2 1778 8105 $625,000 1923 Hampton Northwest 4 4 3492 10980 $1,049,000 1961 El Arbolita Montecito 4 5 3121 7845 $995,000 2052 Valderas Montecito 2 2 1290 28024 $539,000 2141 Rimcrest Rossmoyne 5 5 6755 78194 $1,975,000 3423 Ayars Canyon Rossmoyne 5 5 5214 8075 $1,749,000 1860 Foothill La Canada 3 3 1955 24830 $799,000 4645 Hillard La Canada 4 3 2430 10200 $1,295,000 5227 Cr...
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By Kendyl Young
(Teles Properties)
Here are the new listings in Glendale, La Crescenta, and La Canada for the week. Address Bed Bath SF Price Glendale 1620 Cleveland 4 3 2111 $799,000 Glendale 1606 Ridgeway 3 2 2134 $989,000 Glendale 703 Glenmore 2 1 1128 $650,000 Glendale 830 Cavanagh 3 2 2058 $995,000 Glendale 1725 Ben Lomond 3 2 2420 $1,225,000 Glendale 845 Burchett 3 2 1324 $529,900 Glendale 903 Omar 3 3 1737 $659,000 Glendale 1240 Alma 3 2 1722 $739,000 Glendale 717 Avonglen 4 3 2152 $799,000 La Cres 3525 Paraiso 3 2 1702 $509,900 La Cres 3079 Honolulu 4 3 2778 $700,000 La Cres 5859 Freeman 4 4 2936 $997,900 La Cres 2644 Pickens 3 1 932 $410,000 LCF 5227 Crown 5 4 2874 $1,349,000 LCF 1860 Foothill 3 3 1955 $799,000 1606 Ridgeway and 1725 Benlomond are Glendale character homes. 703 Glenmore and 1620 Cleveland are Gle...
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By Kendyl Young
(Teles Properties)
This is a complete list of Open House events this Sunday in Glendale, La Crescenta and La Canada. Open House listings in Burbank and Mt Washington are a bonus. Everything is open 2-4PM with a few open earlier. Enjoy!! Address Bed Bath SF Lot Price 820 N Lincoln Burbank 3 2 1852 7188 $515,000 820 N Catalina Burbank 2 1 1134 6745 $399,000 302 Parkwood Glendale 3 3 2506 8509 $724,950 436 Spencer Glendale 3 2 1900 7900 $839,000 730 W Doran 103 Glendale 2 3 1580 36155 $559,000 903 Omar Glendale 3 3 1737 8160 $659,000 1526 Winchester Glendale 3 3 2470 6309 $895,000 1817 Tamerlane Glendale 3 2 1778 8105 $625,000 1860 Foothill LCF 3 3 1955 24830 $799,000 4318 Bel Aire LCF 4 3 3028 11687 $1,400,000 4645 Hillard LCF 4 3 2430 10200 $1,295,000 4849 Fairlawn LCF 4 6 4300 17317 $2,675,000 5220 Castle...
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By Sue Eller
(Realogics Sotheby's International Realty-Sequim)
I know the snow is not real. I know it might sound cheesy to some. Especially those who are innundated with piles of the white stuff and they spend hours digging out their car and have trouble getting around. But...at least for 5 minutes per day, we in Sunny Glendale California have snow falling from the sky for a whole block. Granted, it is Caruso Way at the Americana at Brand and it is from a snow machine, but snow none the less. I am sure that if anyone in Boston, Chicago, Seattle or Detroit, were to see all of us "crazy Californians" gather to witness this nightly ritual, they would think we were crazier than ever!  So I was a bit skeptical as well, when my husband, Bob Yousefian suggested we go check it out. He was interested because he is an avid supporter of the Americana at Bran...
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By Sue Eller
(Realogics Sotheby's International Realty-Sequim)
Glendale California is a very caring community and it was evidenced by the outpouring of generosity from the more than 300 people who came to our holiday party to benefit Glendale Healthy Kids.   As I reported the other day on ‘Active Rain’ the Realtor Blog Site, Bob Yousefian and Sue Eller's holiday fundraiser party exceeded expectations, raising awareness and money for the charitible cause, "Glendale Healthy Kids.” Many community leaders and city officials, campaign supporters,  clients and friends, neighbors and yes, even Realtors were in attendance and a great time was had by all. I believe we had nearly 300 people in attendance.The unique demographics of the holiday party that we host is something that always makes me feel proud. This multi-cultural event was attended by  young and...
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By Sue Eller
(Realogics Sotheby's International Realty-Sequim)
Glendale's Americana at Brand is a beautiful place to enjoy the holiday season. With the 107 ft. tall Christmas tree festooned with lights and decorations and the nightly snow fall (man made-of course) it provides an excellent atmosphere of Christmas spirit. Even with the economic downturn, there is no reason not to just go there and walk around and take in the sights. When attending the first annual tree lighting at the site, I was happy to have been able to partake of the festivities. As my husband, councilman Bob Yousefian and I sat with the dignitaries in the front seats, we were treated to great live entertainment that put us in a festive mood. There were nearly 30,000 people in attendance that night for the first annual event.  For those who don't know, the Americana at Brand was ...
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