This month’s October Market at a Glance dives into the current real estate activity for three distinct neighborhoods—Shadow Hills, Glendale 91208, and Altadena. This data can provide homeowners, buyers, and sellers with valuable insights by examining these communities’ stats for the past 30 days (ending October 28, 2024) and comparing them to the previous 30-day period from September. This data sheds light on trends like inventory changes, price fluctuations, and market pace, helping owners gauge their property’s value and aiding buyers and sellers in making informed decisions.
Shadow Hills Market Snapshot:
October:
- Active Listings: 15
- Median Listing Price: $1,499,000
- Price per Square Foot: $531
- Median Sold Price: $1,257,000
- Average Market Time: 6 days
- Number of Solds: 1
September:
- Active Listings: 16
- Median Listing Price: $1,444,500
- Price per Square Foot: $634
- Median Sold Price: $1,292,000
- Average Market Time: 12 days
- Number of Solds: 2
Summary: Shadow Hills saw a slight decrease in active listings and sales, while the median listing price edged up. The average market time shortened, indicating quicker sales but fewer transactions overall.
Glendale 91208 Market Snapshot:
October:
- Active Listings: 11
- Median Listing Price: $2,175,000
- Price per Square Foot: $858
- Median Sold Price: $1,670,000
- Average Market Time: 18 days
- Number of Solds: 8
September:
- Active Listings: 8
- Median Listing Price: $2,098,500
- Price per Square Foot: $812
- Median Sold Price: $1,600,000
- Average Market Time: 30 days
- Number of Solds: 9
Summary: Glendale 91208 saw an increase in listings and prices, with a decrease in the number of homes sold. Despite the rise in price, market time shortened significantly, showing a stronger buyer interest but at higher price points.
Altadena Market Snapshot:
October:
- Active Listings: 32
- Median Listing Price: $1,450,000
- Price per Square Foot: $824
- Median Sold Price: $1,409,000
- Average Market Time: 15 days
- Number of Solds: 32
September:
- Active Listings: 43
- Median Listing Price: $1,368,000
- Price per Square Foot: $789
- Median Sold Price: $1,400,000
- Average Market Time: 22 days
- Number of Solds: 21
Summary: Altadena saw a notable drop in active listings and a sharp increase in the number of sales, paired with a small rise in median listing and sold prices. This suggests increased demand, with homes selling faster and at slightly higher prices.
Market Comparison and Trends:
Altadena experienced the most significant increase in buyer activity compared to all three neighborhoods, with more homes sold and quicker market times. Glendale saw a rise in prices and market speed, reflecting demand for higher-end listings. Shadow Hills, meanwhile, displayed stability in pricing but saw reduced sales, indicating a slightly slower market pace. These trends underscore diverse market dynamics, with Altadena emerging as a highly competitive space this October.
For personalized insights and guidance, contact Robbyn Battles at 818-388-1631 or [email protected]. With over 35 years of experience in Shadow Hills, Glendale, and Altadena communities, Robbyn provides expert local knowledge to help you make informed real estate decisions.