Burbank/Glendale Real Estate Report

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Real Estate Agent with G & C Properties 01802303

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 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

  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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Ana Connell

Burbank Real Estate Agent
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