Burbank, CA – Real estate agent Julian Munoz reports that the Burbank property market appreciated for the month of July 2017 year over year by 2.1 percent. There was a total of 61 sales in July 2017, with a mean closing price of $715,000; the mean was $700,500 with 76 sales in 2016, 11.5% decrease in number of sales.
Market forecast for August 2017
Munoz predicts the Burbank real estate market to appreciate in fall 2017 year over year between 3%-5% if all else in the economy remains the same. Prices will continue to flatten in price as the fall season continues which has been the trend from the last few years. Inventory will continue to be insufficient causing the number of sales to decrease for the rest of the traditional buying season.
FEATURED PROPERTY
– Coming Soon!
2 Bedroom 1 Bathroom Condo in North Hollywood Burbank Adjacent. Located in the desirable Pepperwood Village condo complex on , will be hitting the market early September. Unit has tile counters, central air and heat, patio, double pane glass windows, carpeted floors, large master bedroom with walk in closet, and 2 parking spaces. Price to be in the mid $300,000’s.
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].