Burbank single family homes sold in September(see chart below) reflected an average selling price of $573, 014, up 13% from August 2011 prices. Days on market were down from 71 to 65 days in the same period.
Overall the sweet spot right now continues to be in the $400-$525,000 range where most of the buyers seem to be concentrated.
Next week we will have a host of numbers out, including Housing Starts, Existing Home Sales, Producer Price Index and Consumer Price Index.
Burbank: September 2011
SINGLE FAMILY HOMES: Burbank:
September 2011
Total Sold Dollar Volume:............... $33,807,800
Average Selling Price:.................... $573,014
Average List Price:......................... $609,868
Avrg Sales Price/Avrg. List Price:... 97%
Average Days on Market:.............. 65
Number of Listings Sold:................ 59
CONDOMINIUMS: Burbank: September 2011
Total Sold Dollar Volume:............. $7,163,000
Average Selling Price:.................. $358,150
Average List Price:....................... $366,585
Avg Sales Price/Avg. List Price:.... 97%
Average Days on Market:............ 27
Number of Listings Sold:.............. 20
