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- 3. October 2009: Burbank Market Report's New Home
- 22. June 2009: Economic News for Burbank Area Real Estate Investors
- 16. June 2009: Housing Starts
- 13. June 2009: Valley Village Real Estate Sales for May 2009
- 12. June 2009: Studio City Real Estate Sales for May 2009
- 10. June 2009: Streamlined Short Sales Rules
- 9. June 2009: California Real Estate News
- 8. June 2009: Toluca Lake Real Estate Report
- 5. June 2009: First Time Homeowner Credit-Update!
- 3. June 2009: Real Estate Facts
Burbank And Surrounding Area Home Sales Activity
This chart includes housing data for each respective zip code listed for the October 2007 period and percent change from October 2006 levels.
As you can see from the table below, housing prices for the month have varied by area, but it’s interesting to note that the higher end of the market has not been as affected, at least as far as median price, by the slow down.
Most notably in Toluca Lake(91602) we saw a 42.7% increase in the median home price, Studio City(91604) experienced a 3.3% increase and the Hollywood Hills(90068) saw a 12.8% increase in the median home price. What’s been most impacted in many areas is the volume of sales. The main reason for this is that it has become harder for many to obtain a mortgage loan, especially if it’s above the conforming limit of $417,000, which as you can see from the chart below, most areas are above this number.
In Burbank the 91506 area fared best with a 4.8% increase over last year’s median home price.
|
Zip Code |
# Homes Sold |
Median Home Price |
% Chg From October 2006 |
Median Condo Price |
% Chg From October 2006 |
SFH Price Per Sq. Ft. |
|
91501 |
5 |
$624,000 |
-20% |
$551,000 |
21.1% |
$294 |
|
91502 |
1 |
$465,000 |
n/a |
n/a |
n/a |
$322 |
|
91504 |
9 |
$645,000 |
-14% |
n/a |
n/a |
$529 |
|
91505 |
24 |
$582,000 |
-4.4% |
$505,000 |
-4.8% |
$459 |
|
91506 |
7 |
$650,000 |
4.8% |
$660,000 |
64.5% |
$415 |
|
91602 |
3 |
$1,573,000 |
42.7% |
$406,000 |
-24.2% |
$613 |
|
91604 |
14 |
$1,006 |
3.3% |
$415,000 |
-21.7% |
$563 |
|
91607 |
13 |
$740,000 |
-1.7% |
$250,000 |
-38.8% |
$419 |
|
90068 |
24 |
$1,230,000 |
12.8% |
$549,000 |
-2.8% |
$588 |
|
91201 |
7 |
$705,000 |
-14% |
$365,000 |
n/a |
$466 |
|
91202 |
7 |
$580,000 |
-32.9% |
n/a |
n/a |
$486 |
|
91040 |
13 |
$468,000 |
-8.1% |
$430,000 |
n/a |
$377 |
|
91042 |
11 |
$386,000 |
-37.2% |
$392,000 |
17.4% |
$425 |
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