Northwest Glendale Real Estate Hot Sheet
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918 Alma is puzzling. It is a short sale, meaning the owner is trying to stave off foreclosure, a somewhat time sensitive event. However, the owner is not allowing anyone to see inside the house. There is a story, here, for sure.
825 Patterson is down over $100k. This is also a short sale… and no photo or description of the home. Again, what is the real motiviation here?
1640 Glenwood is continuing it steady march downward. This time, 8 days after the last adjustment, the price went down by $14k. This house is crisp and clean.
1230 Irving is looking more like a deal, now. 3 bed house with a new guest house and the agent states it is all with permit! This should also mean that the garage is still a garage.
3 new sales is very good news after several days of very little activity. I hope all of your escrows close smoothly!
1410 Birch was a really sweet home! I thought it was priced well at the list price, and I see it has closed at $632k. Wow.
Our inventory in Northwest Glendale is WAY down. Last quarter we were quite steady at 60-68 homes on the market. Today we have just 44 homes. Seasonally, it is natural for the inventory to lighten up, but I still see this as great news for our market.
Watch this space closely this month! We have the last installment of the Brand Park article to release and I’ve been working on a super-duper new video for you! (Hint:Do you watch HGTV? Then you’ll appreciate my video…)
Kendyl Young
{ 4 comments… read them below or add one }
I’d say about 25% of short sales we stumbled on seemed to be off limits to “outsiders”. My agent tells me that these are sellers who are trying to buy the house back at a much lower cost through a close relative. This is the reverse of another situations where the relative who doesn’t care about his own credit buys the house at a steep price (with very little or no down) and stops the payments a couple of months later. The seller than gives him 50 to 100 grand under the table. This can’t take place anymore since the easy loans are gone; thank goodness for that.
Interesting info above. Kendyl, have you commented on 1526 Winchester?
Jack, you have an interesting point, as always. I am always amazed by human ingenuity… though it is not always positive!
Cherie – I LOVE that house! And, funny thing, I coulda swore I commented on it, but I can’t find any entry (le sigh – Mad Cow Disease) The word amongst the agents is that the price is too high. I happen to disagree because that house is so emotional and detail oriented it is sick – and I mean that in a good way