Wednesday, September 14, 2005

Glendale Market Update

Charming character homes & neighborhoods keep Glendale a sought after destination. Prices are a good value when compared to adjoining Silver Lake and Los Feliz. Single family asking prices currently range from $410,000 (2 & 1 / 616 sq ft / lot 1850) to $2,550,000.

Numerous Distinct Neighborhoods, my favorites: Adams Hill (Eclectic, views, hillside), Cumberland Heights & Melwood Estates (Character Estates & Homes), Verdugo Woodlands (wooded - don't be shocked when you see deer), Chevy Chase & Glenoaks Canyon (more deer in a quiet canyon setting), Rossmoyne & Northwest (generally vintage homes on flat lots).

SELLERS TIPS: Stage your home for sale, Phyllis Harb offers the complimentary services of a professional home stager to assist you in preparing your home for sale. Often, simply rearranging furniture and decluttering enhance the marketability of your home. Other times, inexpensive improvements will be recommended in order to further maximize your profits.

BUYERS TIPS: Flexibility: escrow period, possible rent backs, etc. Your flexibility often is as important to the seller as the offered price. Of course homebuyers should be pre-qualified and the prequalification letter as well as evidence of your down payment should be submitted with your offer.

Cosmetic fixers may be the best opportunity for buyers to obtain a "deal". Cosmetic fixers are homes that offer updated major systems (roof, central air, etc.) but have unappealing flooring, wallpaper, etc.


ZIP Code: 91201-91208

Location Characteristics: Ranked among the safest US cities according to size, Glendale enjoys an eclectic mix of vintage architecture and new homes

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