The following graphs show the inventory of homes for the 12 months to October 2008. These include Glendale and La Crescenta; La Canada; Sunland and Tujunga California. For your own personal updates with this plus additional details, click on the link for statistics in La Crescenta and Glendale or give me a call.
Sunland homes for sale along with Tujunga real estate, on the other hand have been heavily affected by foreclosures and short sales. The sharp drop in inventory during the spring was the reaction of homeowners unwilling to market their homes at the stressed price levels of foreclosures. Inventory rose during the summer as foreclosures came on the market and prices came down. As prices came down more homes sold and the inventory dropped.