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
Burbank CA
Oct-Dec 2012 |
Oct-Dec 2013 |
% change | |
Total properties sold | 159 | 156 |
-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) | 65 | 44 | -32.3% |
Average sold price/list price % | 99.9% | 100% | +.1% |
Pending properties(at end of period) | 63 | 75 | -35.0% |
Total properties for sale( at end of period) | 63 | 75 | +19.0% |
Average price of properties for sale | $699,486 | $784,343 | +12.1% |
Single Family Home Sales
Glendale CA
Glendale CA
oct-Dec 2012 |
Oct-Dec 2013 |
% change | |
Total properties sold | 196 | 157 | -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) | 66 | 47 | -28.8% |
Average sold price/list price % | 98.9% | 100.0% | +1.1% |
Pending properties(at end of period) | 101 | 67 | -33.7% |
Total properties for sale( at end of period) | 93 | 87 | -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.
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