You are currently browsing the Burbank Real Estate Report weblog archives for the day 9. November 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 9. November 2008
Burbank Real Estate Sales Report For October 2008
9. November 2008 by Ana Connell.
|
New |
Avg List Price |
Under Contract |
Avg List Price(LP) |
Sold |
Avg Sale Price(SP) |
%SP/LP |
%SP/Over LP |
Avg DOM |
|
|
|
93 |
$558,531 |
39 |
$535,440 |
59 |
$555,834 |
97.80% |
93.40% |
54 |
Prices for real estate in both the Burbank and the San Fernando Valley areas are starting to stabilize as we are testing the bottom, especially in the lower ranges. Average days on market in Burbank came down quite a bit from September’s 74 day average.
We’ll see what the coming wave of mortgage resets brings, but banks are saying they will be working to prevent foreclosures. If they do it will further stabilize pricing and help with the rebound that will eventually come. This is a great time to buy. If you need a competent, knowledgeable real estate agent, call me at 818-795-8474.
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