• July’s MLS statistics reflect 50 homes were sold, highest month year to date
• Average sales price up from May/June, down from April
• 60 Days on Market (COM) – same as June
• Average sales price is up, highest year to date
• Average Selling Price to List Price is 97.98% - well priced homes continue to sell quickly and often over asking price
• Distress sales are down from last month’s 39%

I think the percentage of distress sales (foreclosures and short sales) are skewing the numbers:

• Average standard sale is $827,139, Average short sale $631,375
• Average standard sale selling for 99.05% of list, Average short sale 94.06%

Related Posts: 39% of Glendale’s June home sales were distress sales  
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Mortgage Fraud and Short Sales