Friday, January 31, 2014

Burbank/Glendale Real Estate Report

Burbank/Glendale Real Estate Report

Total properties sold were down in both the Burbank and Glendale markets as low inventory levels continue.  Prices were up by a nice margin in both cities over last year same period.

Mortgage interest rates overall are lower than they were a few months and buyer demand remains strong.  Overall a great buying opportunity before interest rates go up!



Real estate stats 

Single Family Home Sales
Burbank CA
Oct-Dec
2012
Oct-Dec
2013
% change
Total properties sold159156
-1.9%
Average price (sold)$550,860$631,316+14.6%
Average price per sq.ft.(sold)$380$473+24.5%
Average days on market (sold)6544-32.3%
Average sold price/list price %99.9%100%+.1%
Pending properties(at end of period)6375-35.0%
Total properties for sale( at end of period)6375+19.0%
Average price of properties for sale$699,486$784,343+12.1%


Single Family Home Sales
Glendale CA
oct-Dec
2012
Oct-Dec
2013
% change
Total properties sold196157-19.9%
Average price (sold)$644,399$758,462+17.7%
Average price per sq.ft.(sold)$334$375+12.4%
Average days on market (sold)6647-28.8%
Average sold price/list price %98.9%100.0%+1.1%
Pending properties(at end of period)10167-33.7%
Total properties for sale( at end of period)9387-6.5%
Average price of properties for sale$771,223$887,587+15.1%


Report was generated using data from CRMLS.  CRMLS does not guarantee and is not in any way responsible for the accuracy of their data.  Data maintained by CRMLS may not reflect all real estate activities in the market.  Information deemed reliable but not guaranteed.

3 comments:

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Anup Gupta said...

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I am loving this.
Thanks for sharing:)

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Mike said...

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