Welcome to Fall 2007 in Burbank!

Burbank Real Estate market is stable and a good opportunity to invest & prosper. There is only (1) bank owned listing, 11 short sales (4) lease with option to buy.  Burbank is a great community to call home.  

Active listings:  355 single family houses & 40 condos/townhouses are available for sale as of 10/01/07 from sales price $399,000 to $3'900,000.

Sold listings:  44 listings were sold in September 2007, (29 houses & 15 condos/townhouses)

Average market time:  61.8 days (1-30 days 11 units, 31-60 days 11 units, 61-90 days 10 units, 91-120 days 5 units, 121-180 days 5 units, total 44 units sold)

Tips for Sellers:  A home that is priced right and staged properly typically will sell for more and in half the time it takes to move others.  Think about this and call your agent or Lupe Soto today.

Tips for Buyers: Many first-time buyers can now benefit from assistance programs and  they are finding sellers are more willing to wait for them to qualify.  For those with good credit  and a sound investment sense, the short sale and foreclosure market may present some attractive opportunities.  Think about this and call your agent of Lupe Soto today.

I will be happy to email a more detailed sales report for October 2007 upon request.  Please email me your request.  I do respect your privacy and I will not contact you unless you request it.

Statistics obtained from Southland Regional Assoc of Realtors.

Attention First Time Buyers & Investors, if you are moving to Burbank area or considering it, you have found a great community to call home, please contact Lupe Soto, 818 968 3718, Realtor English/Spanish, working with me as a team with you IT DOES NOT COST.....IT PAYS!.  I welcome all your questions regarding Burbank Real Estate market.