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Growth in Glendora's Median Home Prices Stay North

While median home prices in Glendora's 91741 zipcode jumped, home prices fell slightly in the city's southern neighborhoods, according to DataQuick.

The median price of single-family homes sold in Glendora's northern neighborhoods showed some growth, while home real estate in the city's southern zipcode projected a dip in prices.

While median price of single family homes in the 91741 zipcode was up 14.1 percent at $592,000, the median price of homes in 91740 zipcode was down 1.6 percent at $310,000.

That's according to real estate-tracking firm Data-Quick, which reported Wednesday that the number of home sales in Los Angeles County jumped by 25.3 percent in May, compared to the same month a year ago.

The median price of homes sold in the county as a whole dipped 1.6 percent over that period.

A total of 7,496 homes changed hands in the county last month, compared to 5,983 in May 2011, according to DataQuick. The median price of a home in Los Angeles County in May was $315,000, down from $320,000 in May 2011.

A total of 22,192 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in May, according to DataQuick.

That was up 15.1 percent from 19,284 in April, and up 20.6 percent from 18,394 in May 2011.

In Glendora, 34 single family homes were sold during May.  

The median price for a Southern California home was $295,000 last month, up 1.7 percent from $290,000 in April and up 5.4 percent from $280,000 in May 2011.

With information from City News Service.

Gary Boyer June 15, 2012 at 03:51 AM
The thing to remember is that it's very hard to compare prices in a single zip code. You have to realize that there are not enough homes sold in a single zip code each month to get accurate statistics. 91740 only had 12 closings in May while 91741 had 14 closings. It could be easy to have all 12 homes sold in aparticular month to be dramatically higher or lower than the norm. We have actually had months in which 0 homes are sold in one of many local zip codes.Home prices are rising in all of Glendora as well as the surrounding communities. Things are looking up.
Janelle June 15, 2012 at 06:51 PM
More sold in 91741, because the homes are generally nicer, as is the location. Someone 'selling homes', would not want you to necessarily believe that.

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