Burbank, CA – Real estate agent Julian Munoz reports that the Burbank property market appreciated for the month of October 2017 reaching the mean price of $730,000, a year over year by 2.1 percent, with a total of 67 sales. In October of 2016 the mean price was $715000,000 with a total of 72 sales. By the end of October there were only 144 homes on the market, only a 2.2 months’ worth of inventory, a decline year over year by over 20%, a 10% decline over the previous month.
Market forecast for October 2017
Munoz predicts the Burbank real estate market to appreciate in Fall 2017 year over year between 3%-7% if all else in the economy remains the same. Prices will continue to flatten in price as we enter the Holiday season which has been the trend from the last few years. November’s inventory in the last few years has a seasonal decline and anticipate the same for 2017.
JUST LISTED
263 W Santa Anita Ave, Burbank CA
First time on market in over 40 years. This cute fixer is a 3 bedroom 2 bathroom home with formal Living Room and Dining Room. A great opportunity to update to your taste. The Master Bedroom en suite was done in the last 20 years. The house also has a small room off the dining room that can be used as an office or computer room. Temporary Auxiliary storage shed behind the garage stays with the home. None of the kitchen appliances and washer/dryer are included, they are owned by tenant. Priced to Sell and Sold “As Is”. For more information, visit the full listing.
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].