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October 16, 2007

Burbank, CA Market Update for September 2007

Here are the latest real estate market statistics for Burbank, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 43.2%*

Average August 2007 September 2007 % Change
Asking Price $769,973 $706,424 -8.3%
Sales Price $743,959 $691,787 -7.0%
% of Asking Price 97% 98% 1.0%
$/SQFT $403 $409 1.5%
Days on Market 81 60 -25.9%
Total Transactions 51 47 -7.8%

Search for homes in Burbank, CA and read a neighborhood overview of the Burbank, CA area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 10/9/2007: 679 properties on the market with 293 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

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