Monthly Activity Report Burbank-January 2009
|
SFR Avg Sale Price-2 bed |
SFR Avg Sale Price-3 bed |
SFR Avg Sale Price-4 or more bed |
Condos Avg Sale Price |
Condos Units Sold |
Total Avg List Price |
Total Avg Sale Price |
Total Units Sold |
Avg DOM |
|
$529,800 |
$605,200 |
$768,300 |
$387,000 |
8 |
$451,783 |
$508,508 |
28 |
83 |
|
|
Information is Believed To Be Accurate But Not Guaranteed |
Southern California Multiple Listing Service |
Month to month average home sale price in Burbank from December 2008 to January 2009 is down $38,507, or 7%.
Average days on market, are up 3 days.
Most notably number of sold properties is down almost 58 % from December 2008.
Reasons for this trend include the significant price reductions we saw towards the end of last year, banks wanting to clear out inventory before the end of the year and buyers wanting to take advantage of low interest rates and low prices.
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