Burbank, CA – Real estate agent Julian Munoz reports that the Burbank property market stabilized in April 2017 with only a slight decline to April 2016 of 1.6% ($700,000) and from March 2017 a .5%. There were a total of 66 sales in April, which is the same as April 2016. If we look at the Year to Date Sales from 2016 to 2017 the count is significantly higher by 6.9% with a slight increase in the mean price by 3.2%.
Market forecast for June 2017
Munoz predicts the Burbank real estate market to appreciate in Spring 2017 between 5%-7%, a slight downward adjustment in appreciation since we didn’t see a larger spike in sales for April over March of this year. May through August is the high volume sales period and much will be learned in the next 30-60 days on how this season will pan out. Buyers are beginning to push back and will only move forward if there is a perceived value on the offering.
FEATURED PROPERTY
Coming soon!!!
Coming Soon!!! New Listing in the exclusive Chevy Chase Canyon Neighborhood of Glendale, perched just above the Golf Course, peek a boo view of the first fairway. Canyon views from Living Room, Dining Room and Family Room. This fabulously maintained home has several updates including kitchen, bathrooms, newer windows, central AC/Heat, Roof and Flooring. This gem of a home should be hitting the market at the end of May, so keep a look out for the public Open House, this one may not last. Price TBD, expected range in the low to mid $900,000’s. For more information, please view this link.
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].