DQNews recently released the November edition of local real estate activity in Southern California. For the most part, it was full of good news, yet again. Glendale, having the third largest population in Los Angeles County, saw some high points and some low points in November 2013.
Out of all the Glendale zip codes, 91206 had the highest number of property sales. There were 13 single family homes that sold, averaging a 16.4% increase in sales prices from last year. What’s curious is the 11 condos that sold in 91206 for an average 7.2% less than November 2012. For reference, I looked at last month’s report and the roles were reversed (condos were up and single family homes were down). Real estate is truly ever-changing.
One zip code in Glendale that saw more consistency between condo and single family residence sales was 91202. Both were up 20% and 21.7%, respectively. With the second highest number of sales in Glendale, 91202 appears to be a very healthy market.
Overall, Los Angeles County real estate is selling at prices more than 20% higher than November 2012. Even if you live in an area that saw a decrease in sales prices this past month, LA is on the up and up. Everyone can take a big sigh of relief.