Sold – 4 in Glendale, 1 in La Canada

August was a slow month in Glendale Real Estate sales.  Above the 134 we saw very few buyers and very few listings.  But, we should remember that homes are not just financial vehicles.  Homes are, well, homes and everybody’s gotta live somewhere, right?

1217 Virginia – this REO is located right across the street from the Kepple schoolyard.  The agent used the “price it really low and get multiple offers” strategy and it certainly worked, selling more than 10% over the list price.  My opinion is that $525k is a respectable price for both the buyer and the seller.

2215 E. Glenoaks is at the complete opposite end of that strategy spectrum.  This seller went with “price it high, we can always come down” idea.  Ok – they started out nearly a year ago at $684,000 and stayed at that price for 4.5 months.  Then they listed with a seasoned professional who took the listing at a lower price and when that didn’t work, got them to lower again.  Result?  The seller got 17% below their original ask and they went through over 200 days of strangers traipsing through their home.  What would have happened if they had listed at $569,000 back in October 2007?

3439 Angeles was a probate, no court confirmation needed.  This means the process is pretty much the same as a normal sale.  This seller started at $795,000 and reduced every 30 days until sold.  They reductions were quite significant, too.   It’s been proven that if you reduce your price by 10% you are likely to get a sale.

2975 Santa Rosa is another “normal” sale.  The house was unremarkable, but the location was certainly nice.

And here is your “pretty” for the day.  2157 Patagonia is in the Sagebrush area of La Canada – this is the part of LCF that belongs to the Glendale Unified School district.  This long and low slung rancher is a a huge lot and nicely presented.  It sold in just a few days.

Tagged as: Glendale, La Canada, sold