Burbank Rancho home for sale

Burbank Rancho home for sale!
This lovely single story Character Spanish, built in 1926, features drought resistant front landscape. Kitchen boasts granite countertops, plenty of storage with all appliances included! Updated electrical with two panels, copper plumbing, dual paned windows, tankless water heater, recessed lighting, newer roof, alarm system, newer HVAC, dual sinks in master bath are just a few of the many upgrades. Family room great for relaxing with fireplace, bright light and access to backyard. Entertaining is easy in this beautifully landscaped backyard that includes landscape lighting, wood gazebo, water fountain and custom stucco finish that adds warmth and charm. One car garage has been converted into a permitted office space that can be converted back into a garage. Burbank rancho home is close to trails, LA Equestrian Center, Disney, Warner Bros, St Joseph’s Hospital, Griffith Park. World class Burbank services and top rated Burbank schools.

713 E. Olive Avenue Burbank Ca

Burbank Townhouse for Sale - 713 E. Olive Avenue, Burbank Ca

Burbank townhouse for sale!  This beautiful unit is reminiscent of the New York Brownstone walk-ups.

Located in a prime Burbank neighborhood, you have residential tranquility that is just minutes to Downtown Burbank, shops and restaurants.
This 3 bed/3 bath Burbank townhouse boasts hardwood floors, recessed lighting, plantation shutters, granite counter tops, granite island, formal dining, new paint and attached 2 car garage.  The kitchen has Fridgidare Professional Series appliances, laundry and a spacious pantry.  Formal dining area overlooks open and bright living area with fireplace.  The upstairs is highlighted by a master suite with walk in closet, two sink vanity, spa tub and shower, private balcony with rooftop views.
Call Burbank realtor Ana Connell at 818-795-8474 for more information.

Burbank and Glendale Real Estate Update!

We are seeing the same trend in the Burbank and Glendale real estate markets that are reflected in the statewide numbers.   Burbank and Glendale homes for sale are continuing to see multiple offer situations due to very low inventory and a steady supply of buyers.

Banks have slowed the pace of bringing foreclosures to market.  The banks are working with homeowners to keep them in their homes and as we work through the recovery process the shadow inventory should continue to shrink as the number of homeowners behind on their payments lessen.




Burbank
 

	June-August 2011	June-August 2012	% change
Total properties sold	107	141	+31.8%
Average price (sold)	$519,696	$522,202	+0.5%
Average price per sq.ft.(sold)	$336	$334	-0.5%
Average days on market (sold)	62	63	+1.6%
Average sold price/list price %	97.7%	99.5%	+1.8%
Pending properties(at end of period)	46	57	+23.9%
Total properties for sale( at end of period)	102	55	-46.1%
Average price of properties for sale	$600,262	$645,704	+7.6%

                                                     

We currently have 1.2 months supply of inventory, down from 1.6 months that was reported in the March-May 2012 period.



Glendale

	June-August 2011	June-August 2012	% change
Total properties sold	122	135	+10.7%
Average price (sold)	$635,251	$657,411	+3.5%
Average price per sq.ft.(sold)	$338	$333	-1.4%
Average days on market (sold)	70	72	+2.9%
Average sold price/list price %	97.2%	98.7%	+1.5%
Pending properties(at end of period)	114	105	-7.9%
Total properties for sale( at end of period)	281	145	-48.4%
Average price of properties for sale	$764,336	$812,790	+6.3%

                                                         
We currently have 3.2 months supply of inventory, down from 4.8 months that was reported in the March-May 2012 period.





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Burbank single family home values are seeing a slight uptrend from February 2012, according to the latest data.  (see chart below)

Average selling price has rebounded to$501,564,  up roughly 2% from December 2011 prices, but down from the spike we saw in January 2012.  Days on market were down from 89 to 77 days in the same period.

Overall the sweet spot right now continues to be in the lower priced homes, where most of the buyers seem to be concentrated.

Today's buyers are well informed and watch the housing market for an average of 6 months before they buy.  Many buyers seem hesitant to buy based on mixed economic forecasts and worries about future employment opportunities, but overall the mood does seem to be improving.  Buyers know the market and are not willing to overpay on a property.

Burbank: Sales October 2011 - March 2012

Month	Avg. Sale Price,	Avg. Days to Sell
Oct 2011	$493,486	102
Nov 2011	$462,118	77
Dec 2011	$492,404	89
Jan 2012	$562,068	84
Feb 2012	$491,449	87
Mar 2012	$501,564	77

Burbank single family home values are seeing an uptrend according to the latest data.  (see chart below)

 

Average selling price has rebounded to$562,068,  up 14% from December 2011 prices.  Days on market were down from 89 to 84 days in the same period.

Overall the sweet spot right now continues to be in the $425-$525,000 range where most of the buyers seem to be concentrated.

Inventory is increasing somewhat, which is normal for this time of year, but overall levels are low.

Next week we will have a host of numbers out, including Housing Starts, Existing Home Sales, Producer Price Index and Consumer Price Index.

Burbank: Sales September 2011 - January 2012

 

Month Sale Price, Average Days to Sell, Average

Sep 2011	$491,122	87
Oct 2011	$493,486	102
Nov 2011	$462,118	77
Dec 2011	$492,404	89
Jan 2012	$562,068	84

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Burbank single family homes sold in September(see chart below) reflected an average selling price of $573, 014, up 13% from August 2011 prices. Days on market were down from 71 to 65 days in the same period.

Overall the sweet spot right now continues to be in the $400-$525,000 range where most of the buyers seem to be concentrated.

Next week we will have a host of numbers out, including Housing Starts, Existing Home Sales, Producer Price Index and Consumer Price Index.

Burbank: September 2011

SINGLE FAMILY HOMES: Burbank:

September 2011

Total Sold Dollar Volume:............... $33,807,800

Average Selling Price:.................... $573,014

Average List Price:......................... $609,868

Avrg Sales Price/Avrg. List Price:... 97%

Average Days on Market:.............. 65

Number of Listings Sold:................ 59

 

CONDOMINIUMS: Burbank: September 2011

Total Sold Dollar Volume:............. $7,163,000

Average Selling Price:.................. $358,150

Average List Price:....................... $366,585

Avg Sales Price/Avg. List Price:.... 97%

Average Days on Market:............ 27

Number of Listings Sold:.............. 20