Home Buying in Glendale>Question Details

Talin Mardir…, Real Estate Pro in Los Angeles, CA

What has happened to Glendale home prices?

Asked by Talin Mardirosians, Los Angeles, CA Tue Aug 21, 2012

The median estimated home value has gone up 5.18% (change over last month) and 2.47% (change over last 12 months). The sale is almost over! Now is the time to buy!!!

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SERGEY FEDNOV *** 424-777-9377’s answer
Just like anywhere else in Los Angeles county- low inventory + desirable area = increase in demand and prices!

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0 votes Thank Flag Link Wed Aug 22, 2012
Absolutely, the prices are creeping up little by little and off course I believe the main reason is the shortage of inventory and then the ultra-low interest rates. Not too many people can tell you whether it's the best time to buy or not but it's surely one of the better times to buy and if any one's trying to sell, once again it's a great opportunity to get multiple offers on one's property.
0 votes Thank Flag Link Wed Aug 22, 2012
Because of a very low inventory in the market there is some increase of prices, and not only in Glendale area. Because it has been only for the last few weeks, we cannot state that this is permanent and not a result of seasonal fluctuations and/or low inventory. Overall it is a great time ti buy and sell, especially considering the low interest rates. Feel free to contact me at 818-415-0147 with any questions. Thanks.
0 votes Thank Flag Link Wed Aug 22, 2012
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