The Glendale Association of REALTORS, among other groups, may be able to provide the desired items of information to people who are interested in making an entry to this particular California real estate market, including tips on both the legal considerations to be taken under advisement and the financial concerns which may arise during a Glendale, CA realty transaction.
Moreover, people may wish to consult with Glendale realtors as regards the current performance of the market for realty properties in this area of California. This consideration may be particularly valuable due to the commonly negative trend for the performance of various real estate markets throughout the United States as a whole.
In this regard, people consulting with Glendale realtors may wish to know that the area has been particularly marked by the high rate of foreclosures noted of the different adversely affected real estate areas. The Glendale, CA market, in this regard, was found in a September 2010 survey on area realty’s performance to have 879 separate homes in the process of going into or already in foreclosure, in contrast to the only 370 pieces of residential realty then being offered for purchase.
The prices being asked for by Glendale realtors, moreover, have seen a sharp upward trend, in terms of the 2009-2010 period, having gone up to an average price listing exceeding one million dollars, as represents a 65% rate of increase, with the real value of $404,797. The median price actually being realized by Glendale realtors, meanwhile, has declined from 2009 to 2010 at a 11.9% rate, to $507,500.