Burbank, CA – Real estate agent Julian Munoz reports that the Burbank property market softened slightly in February 2017 year over year by 2.5%. There were a total of 42 sales in February, with a mean closing price of $653,000; in 2016 the mean was $670,000 with 35 sales. February 2017 represented a decrease from January 2017’s total of 50 sales and a mean price of $751,879. While this appears like a spiral downward in value, it was a significant increase from January 2016’s mean price of $632,500, a n 18.9% increase.
Market forecast for April 2017
Munoz predicts the Burbank property to appreciate in Spring 2017. Prices will rise as the buying season begins. Inventory will continue to be limited, while rising demand will drive prices upwards.
RECENTLY SOLD
1948 N Clybourn St, Burbank, CA 91505
This Burbank starter home sold within two weeks, selling for close to its asking price. The home has hardwood floors that greet you as you enter to the sunny living room/dining room area. The kitchen has newer cabinet faces and enough room for a large range. The home did get the Airport Authority Sound Proofing package receiving the Insulation, Double Windows, Central Air/Heat and Electrical Panel. The backyard has a nice covered patio area with adjoining wood deck, wood fencing, fenced dog run, utility shed, and grass area. The 2 car garage has been converted to a sound studio, but can be easily converted back. For more information, view its full listing page.
Julian Munoz (CALBRE #01331008) has 15 years of experience as a top-performing real estate agent. Munoz is a past President of the Burbank Association of Realtors, Region 18 Director of the California Association of Realtors, and California delegate to the National Association of Realtors. Julian’s goal is to educate his Clients so they can make the best decision for themselves to meet their real estate goals. Visit Julian’s website to see both featured listings and recent sales. Julian can be reached by telephone at or email at [email protected].