You are currently browsing the Burbank Real Estate Report weblog archives for the day 3. August 2008.
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- 21. November 2008: California Real Estate Facts
- 20. November 2008: Housing Starts
- 20. November 2008: Housing Market Index
- 14. November 2008: Conforming Loan Limits For 2009
- 11. November 2008: Toluca Lake Real Estate Sales
- 11. November 2008: Studio City Monthly And Year To Date Real Estate Sales
- 9. November 2008: Burbank Real Estate Sales Report For October 2008
- 28. October 2008: Valley Village Foreclosures and Short Sales
- 28. October 2008: Burbank Real Estate Foreclosures
- 28. October 2008: Studio City Foreclosures and Short Sales
Archive for 3. August 2008
Economic Week In Review……
3. August 2008 by Ana Connell.
Of Note:
- Consumer Confidence-came in at 51.9 Higher than last month, but still showing lots of pessimism and reduced spending plans.
- MBA Purchase Applications came in at 309.5 indicating continued weakness in the housing market.
- Jobless Claims , came in higher at 448k.
- GDP-final was revised up to 1% basically indicating that we’ve dodged a recession……hope they are right.
- Exisiting Home Sales –rose 2% to 4.99M from April, but is still 15.9% lower than last year. The number was slightly encouraging but keep in mind that this is the selling season.
- Bonds…2 year 2.49%, 5 yr. 3.21% and the 10 yr. 3.93%.
- Crude oil closed at $125.10 per barrel.
Housing Statistics for June 2008….Burbank Real Estate and Surrounding Areas!
3. August 2008 by Ana Connell.
As you can see the downward trend is continuing, but certain communities are doing better than others. Burbank real estate sales of condos and single family residences were down 13.71% for the month of June, while sales in neighboring Studio City were only down 3.05%.
Real estate is local, which is why it pays to have a knowledgeable realtor on your side!
Home Sales For June 2008
|
|
5,057 |
$415,000 |
$548,000 |
-24.27% |
|
AGOURA HILLS |
20 |
$763,500 |
$752,500 |
1.46% |
|
|
66 |
$544,500 |
$631,000 |
-13.71% |
|
CALABASAS |
18 |
$1,435,000 |
$1,020,000 |
40.69% |
|
|
59 |
$395,000 |
$479,900 |
-17.69% |
|
CHATSWORTH |
25 |
$395,000 |
$588,000 |
-32.82% |
|
ENCINO |
55 |
$575,000 |
$699,500 |
-17.80% |
|
|
79 |
$645,000 |
$730,000 |
-11.64% |
|
LA |
13 |
$960,000 |
$1,400,000 |
-31.43% |
|
LA CRESCENTA |
27 |
$610,000 |
$672,500 |
-9.29% |
|
LOS ANGELES |
592 |
$515,000 |
$571,000 |
-9.81% |
|
MONTROSE |
5 |
$500,000 |
$518,750 |
-3.61% |
|
|
64 |
$380,000 |
$577,500 |
-34.20% |
|
|
57 |
$700,000 |
$782,500 |
-10.54% |
|
|
26 |
$970,500 |
$1,001,000 |
-3.05% |
|
|
21 |
$309,000 |
$494,500 |
-37.51% |
|
TUJUNGA |
21 |
$417,500 |
$499,000 |
-16.33% |
|
|
9 |
$435,000 |
$714,000 |
-39.08% |
|
WOODLAND HILLS |
51 |
$535,000 |
$735,000 |
-27.21% |
|
|
865 |
$400,000 |
$555,000 |
-27.93% |
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