Burbank Real Estate Sales Report For October 2008

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.

This entry was posted on 9. November 2008 at 04:24 and is filed under Housing Information/Stats, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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