The so-called real estate "bubble," which some say will soon pop and drive down home prices, is not a concern for Bonyadi.
"People have been talking about the real estate bubble for the past eight months, past year, but we haven't seen it," Bonyadi said. "I'm not anticipating prices dropping in Glendale."
But some areas of the city, have shown a clear sign of slowing.
In Northwest Glendale, the median price of nine homes sold in February was $838,000, down 21% from last year, DataQuick reported.