By Steve Stockmar | Your Valley
Whether Valley residents will first see relief from soaring home prices or relief from extreme weather is a hot summer topic right now.
While temperatures setting records in June, the real estate market in cities like Glendale is experiencing similarly wild twists and turns. Consider the seven-day median list price citywide in Glendale, according to figures compiled by industry market researcher Altos, has jumped from $303,513 in June 2019 to $345,000 in June 2020 to $424,900 in June 2021.
That’s a 40% rise in two years.
A closer look at the north side of town, where higher-priced homes are listed, gets even wilder.
Homes in the 85310 ZIP code, say figures from the Arizona Regional Multiple Listing Service, show an average list price leap from $577,137 in May 2020 to $847,583 in May of this year.
That’s almost a 47% jump in just one year.
