I have a soft spot in my heart for the neighborhood of Glen Park. According to Christopher P. Verplanck in his article entitled, “Glen Park – The Architecture and Social History,” “Glen Park remained wild throughout most of the nineteenth century. Glen Canyon, one of the most prominent geological features in the southern part of the city, was explored by the Spanish and Mexicans and prospected for gold by the Forty–Niners.” My husband and I lived there for a brief time with my mom who we helped relocate from the east coast. I have many fond memories of that time. I’ve watched this neighborhood change in the last 20 years, with more upscale homes built there and trendy shops and restaurants popping up in downtown Glen Park. Twenty years ago, I wouldn’t have thought a sustainable sushi place (Tataki) would have been a hit there one day. Let’s take a look at the market in Glen Park comparing 2016 to 2015.
Home Sales
The average single family home sales price in this district in 2016 was $1,800,153 compared to $1,683,597 in 2015. Therefore, the average sales price for a home in Glen Park went up about 7% from 2015 to 2016. Single family homes sold for an average of 11% over the asking price in 2016 and 2015. The average time on the market for these homes increased to 35 days in 2016, compared to 24 days in 2015. Fewer homes sold (67) in 2016 than in 2015 (72).
Condominium Sales
The average sales price for a condo in this district in 2016 was $1,121,535, up 8 percent from $1,036,889 for 2015. Interestingly, condos also sold for an average of 11% over the asking price in 2016 and 2015. The average time on the market for these condos was down to 21 days in 2016, from 34 days in 2015; more condos sold (up to 11 from 9).
Conclusion
The market in this neighborhood is still very strong and is desired by many buyers because of its proximity to BART and Route 280. If you are thinking of selling in this neighborhood, now is a good time. While the average price of homes increased from 2015 to 2016 in Glen Park, listings stayed on the market 11 days longer in 2016 as compared to 2015. On the other hand, condos, which also sold for a higher average sales price in 2016, sold more quickly and stayed on the market for 13 days less on average. Right now there are only two homes and no condos that are active on the market in Glen Park, making it a great time to list a property for sale as there is little or no competition! I’d be happy to help!
