Kendyl's Open House

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Northwest Glendale Real Estate Hot Sheet

click here for disclaimer and chart explanations

1426 Merriman is in the cul-de-sac below Kenneth Rd.  It is a bank foreclosure and has a pool and a guest house.  Here’s the funny thing about this listing.  The agent comments tell me it won’t last long at this price and that I should show and sell.  In the very next sentence it says, “bank will not allow showings because it wants to fix the damage.”   Oiy.  Where do I begin?

On to general stats, we now have 69 active listings in Northwest Glendale.  These are single family dwellings built before 1960.  This represents 5.4 months worth of inventory.  What does this mean?  Well, contrary to a Los Angeles Daily News Article that says the sky has fallen,  we are holding pretty firm around here.  It’s not great - 5.4 months of inventory is painful and there are many who will not be able to sell their homes - but the sky is right where it needs to be.  Have prices fallen?  Yes.  How much?  Depends.  What has really fallen is our expectations of what we thought our house was worth.