Glendale Chevy Chase and Glenoaks Canyons Market at a Glance: A Comparative Analysis of August 23 and July 23 Stats
Discover the dynamic real estate market of Glendale’s Chevy Chase and Glenoaks Canyons neighborhoods with a breakdown of the last two months. This analysis sheds light on home listings, prices, and sales, offering valuable insights for potential buyers and sellers alike.
August 23 Stats:
- Homes for sale: 7
- Analysis: Limited inventory may spark demand among potential buyers.
- Median list price: $1,745,000
- Analysis: Median list price suggests a luxury market with diverse offerings.
- Average price per square foot: $707
- Analysis: Moderate average price per square foot can attract discerning buyers.
- Homes sold (last 30 days): 5
- Analysis: Active sales indicate a healthy buyer-seller transaction volume.
- Median sale price: $1,995,000
- Analysis: Higher median sale price signifies upscale property options.
- Average market time: 11 days
- Analysis: Quick market time points to a competitive real estate environment.
July 23 Stats:
- Homes for sale: 10
- Analysis: Reduced inventory might encourage buyer competition.
- Median list price: $1,884,500
- Analysis: Slightly higher median list price highlights premium properties.
- Average price per square foot: $782
- Analysis: Elevated price per square foot may indicate upscale features.
- Homes sold (last 30 days): 9
- Analysis: Active sales reflect a bustling real estate transaction scene.
- Median sale price: $1,800,000
- Analysis: Strong median sale price denotes consistent property value.
- Average market time: 7 days
- Analysis: Short market time underscores a quick-paced market.
Comparative Changes:
- Inventory decreased from 10 to 7 homes, potentially intensifying buyer competition.
- Median list price decreased by $139,500, possibly indicating adjusted pricing strategies.
- The average price per square foot dropped by $75, appealing to budget-conscious buyers.
- Closed sales decreased from 9 to 5, potentially influenced by market dynamics.
- Median sale price increased by $195,000, underlining strong property values.
- Average market time increased by 4 days, possibly reflecting a more deliberate decision-making process.
Neighborhood Snapshot: Nestled in the picturesque canyons of Glendale, the Chevy Chase and Glenoaks Canyons neighborhoods offer a harmonious blend of tranquility and modern living. Residents enjoy lush greenery, winding streets, and access to nearby hiking trails. With a strong sense of community and convenient access to shopping and dining, this area provides the perfect escape without sacrificing urban amenities.