As August comes to a close, it’s the perfect time to take a closer look at the real estate activity in three diverse areas: Shadow Hills, Glendale (91208), and Altadena. This data, reflecting the past 30 days as of August 25, 2024, is compared to the previous 30-day period ending in July. Whether you’re a buyer, seller, or homeowner, these brief Market at a Glance numbers offer valuable insights into current trends, helping you make informed decisions.
Shadow Hills, California
August 2024:
- Active listings: 16
- Median listing price: $1,587,500
- Price per square foot: $587
- Median sold price: $1,110,000
- Average market time: 97 days
- Number of Solds: 1
July 2024:
- Active listings: 11
- Median listing price: $1,499,999
- Price per square foot: $621
- Median sold price: $1,107,500
- Average market time: 11 days
- Number of Solds: 4
Comparison: The Shadow Hills market saw an increase in active listings from 11 in July to 16 in August, indicating more inventory. However, the number of sold properties dropped significantly from 4 to just 1. The median listing price increased slightly, but the median sold price remained relatively stable. The sharp rise in average market time from 11 days to 97 days suggests a slowdown in buyer activity, possibly due to the higher listing prices.
Glendale, California 91208
August 2024:
- Active listings: 16
- Median listing price: $1,999,500
- Price per square foot: $834
- Median sold price: $1,417,500
- Average market time: 12 days
- Number of Solds: 10
July 2024:
- Active listings: 11
- Median listing price: $1,695,000
- Price per square foot: $888
- Median sold price: $1,735,000
- Average market time: 11 days
- Number of Solds: 8
Comparison: Glendale’s 91208 area experienced a rise in active listings from 11 to 16, similar to Shadow Hills. However, unlike Shadow Hills, the number of sold properties increased from 8 to 10. The median listing price saw a notable jump, but the median sold price dropped, possibly indicating that buyers are negotiating more aggressively. The average market time remained stable, showing continued demand despite price fluctuations.
Altadena, California
August 2024:
- Active listings: 36
- Median listing price: $1,299,999
- Price per square foot: $817
- Median sold price: $1,550,000
- Average market time: 14 days
- Number of Solds: 23
July 2024:
- Active listings: 37
- Median listing price: $1,599,990
- Price per square foot: $797
- Median sold price: $1,735,000
- Average market time: 11 days
- Number of Solds: 8
Comparison: Altadena’s market remained robust, with a slight decrease in active listings and a significant increase in the number of sold properties, jumping from 8 in July to 23 in August. The median listing price decreased, contributing to the higher number of sales. The slight increase in market time suggests properties are still moving quickly, though buyers are likely finding better deals than the previous month.
Overall Analysis
Comparing these three areas, Altadena stands out with the highest sales and a significant reduction in median listing price, which has likely driven buyer interest. On the other hand, Shadow Hills is experiencing a slowdown, with fewer sales and a substantial increase in market time. Glendale’s market is more balanced, with stable demand and slight adjustments in pricing. Each area presents unique opportunities depending on your real estate goals, and it’s crucial to stay informed to make the best decisions.
For more personalized advice or to discuss your real estate needs, feel free to contact me, Robbyn Battles. With over 35 years of experience in these markets, I’m here to guide you every step of the way.
Robbyn Battles | 818.388.1631
Broker Associate DRE#00984070
[email protected]
TheHouseAgent.com