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City |
New Listings |
Avg Listing Price |
Pending |
Avg Listing Price |
Sold |
Avg Sld Price |
% SP/LP |
DOM |
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Burbank |
91 |
$676,581 |
49 |
$525,641 |
70 |
$576,534 |
96.77% |
57 |
This information in taken from the SoCal MLS.
Housing starts in California in June rose 9.2%, but single family home construction declined 3.5% in the same period.
For more information, visit, Burbank Real Estate Report!
Interesting numbers. So, housing are selling on average $100K below list.
Well, it's not so much that as the lower end of the housing market is selling more homes.......more homes in the $450k-550k range are selling than in the higher end homes. Makes sense when you consider today's lending environment and the fact that home buyers are looking for "bargains".
Thanks for stopping by Kevin!