Housing Statistics for June 2008….Burbank Real Estate and Surrounding Areas!

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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

Los Angeles County

5,057

$415,000

$548,000

-24.27%

AGOURA HILLS

20

$763,500

$752,500

1.46%

BURBANK

66

$544,500

$631,000

-13.71%

CALABASAS

18

$1,435,000

$1,020,000

40.69%

CANOGA PARK

59

$395,000

$479,900

-17.69%

CHATSWORTH

25

$395,000

$588,000

-32.82%

ENCINO

55

$575,000

$699,500

-17.80%

GLENDALE

79

$645,000

$730,000

-11.64%

LA CANADA FLINTRIDGE

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%

NORTH HOLLYWOOD

64

$380,000

$577,500

-34.20%

SHERMAN OAKS

57

$700,000

$782,500

-10.54%

STUDIO CITY

26

$970,500

$1,001,000

-3.05%

SUN VALLEY

21

$309,000

$494,500

-37.51%

TUJUNGA

21

$417,500

$499,000

-16.33%

VALLEY VILLAGE

9

$435,000

$714,000

-39.08%

WOODLAND HILLS

51

$535,000

$735,000

-27.21%

San Fernando Valley

865

$400,000

$555,000

-27.93%

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