Recent La Canada Listings
- $1,499,000 - 5276 Gould
- $785,000 - 1601 Verdugo Boulevard
- $1,795,000 - 4322 Bel Aire Drive
- $1,750,000 - 425 Richmond Road
- $539,000 - 1607 Verdugo Boulevard
- $779,000 - 5471 Rock Castle Drive
- $769,000 - 2260 Los Amigos Street
- $1,175,000 - 4849 Alta Canyada Road
- $869,000 - 5036 Westslope Lane
- $689,000 - 794 STARLIGHT HEIGHTS DR
- $1,175,000 - 5222 Stardust Road
- $1,010,000 - MLS # 12164163
- $479,000 - 2145 La Canada Crest Drive #1
- $2,795,000 - 5288 Gould
- $2,975,000 - 4336 Chevy Chase Drive
- $899,000 - 4930 Angeles Crest
- $838,000 - 2100 Tondolea Lane
- $1,475,000 - 5334 Angeles Crest
- $2,099,000 - 4429 Woodleigh Lane
- $1,529,000 - 331 Baptiste Way
- $879,000 - 368 Noren Street
- $828,000 - 5326 Godbey Drive
- $899,000 - 4900 Crown
- $1,188,000 - 3710 Chevy Chase Drive
- $1,748,500 - 510 Starlight Crest Drive
-
$1,499,000 - 5276 Gould
La Canada Flintridge
4 beds, 3 full, 1 part bathsHome size: 3,143 sq ftLot size: 37,822 sqftYear built: 1976 -
$785,000 - 1601 Verdugo Boulevard
La Canada Flintridge
3 beds, 1 full, 1 part bathsHome size: 1,942 sq ftLot size: 6,214 sqftYear built: 1949 -
$1,795,000 - 4322 Bel Aire Drive
La Canada Flintridge
3 beds, 2 full, 1 part bathsHome size: 3,484 sq ftLot size: 11,587 sqftYear built: 1979 -
$1,750,000 - 425 Richmond Road
La Canada Flintridge
4 beds, 3 full, 2 part bathsHome size: 3,700 sq ftLot size: 20,268 sqftYear built: 1940 -
$539,000 - 1607 Verdugo Boulevard
La Canada Flintridge
2 beds, 1 full bathHome size: 1,078 sq ftLot size: 6,250 sqftYear built: 1948 -
$779,000 - 5471 Rock Castle Drive
La Canada Flintridge
3 beds, 2 full bathsHome size: 1,840 sq ftLot size: 16,290 sqftYear built: 1962 -
$769,000 - 2260 Los Amigos Street
La Canada Flintridge
3 beds, 2 full bathsHome size: 1,912 sq ftLot size: 11,027 sqftYear built: 1963 -
$1,175,000 - 4849 Alta Canyada Road
La Canada Flintridge
3 beds, 3 full bathsHome size: 2,080 sq ftLot size: 29,180 sqftYear built: 1970 -
$869,000 - 5036 Westslope Lane
La Canada Flintridge
3 beds, 1 full, 1 part bathsHome size: 1,617 sq ftLot size: 9,122 sqftYear built: 1951 -
$689,000 - 794 STARLIGHT HEIGHTS DR
La Canada Flintridge
3 beds, 3.0 bathsHome size: 1,743 sq ftYear built: 1974 -
$1,175,000 - 5222 Stardust Road
La Canada Flintridge
3 beds, 2 full, 1 part bathsHome size: 2,287 sq ftLot size: 11,795 sqftYear built: 1957 -
$1,010,000 - MLS # 12164163
La Canada Flintridge
4 beds, 3 full bathsHome size: 2,768 sq ftLot size: 17,742 sqftYear built: 1951 -
$479,000 - 2145 La Canada Crest Drive #1
La Canada Flintridge
2 beds, 2 full bathsHome size: 1,273 sq ftLot size: 18,301 sqftYear built: 1980 -
$2,795,000 - 5288 Gould
La Canada Flintridge
6 beds, 4 full, 3 part bathsHome size: 5,180 sq ftLot size: 1.87 acYear built: 2010 -
$2,975,000 - 4336 Chevy Chase Drive
La Canada Flintridge
5 beds, 3 full, 2 part bathsHome size: 6,337 sq ftLot size: 22,899 sqftYear built: 2000 -
$899,000 - 4930 Angeles Crest
La Canada Flintridge
3 beds, 2 full bathsHome size: 1,934 sq ftLot size: 8,758 sqftYear built: 1956 -
$838,000 - 2100 Tondolea Lane
La Canada Flintridge
3 beds, 1 full, 2 part bathsHome size: 2,274 sq ftLot size: 13,250 sqftYear built: 1956 -
$1,475,000 - 5334 Angeles Crest
La Canada Flintridge
4 beds, 3 full bathsHome size: 3,229 sq ftLot size: 17,027 sqftYear built: 1965 -
$2,099,000 - 4429 Woodleigh Lane
La Canada Flintridge
4 beds, 4 full, 1 part bathsHome size: 4,305 sq ftLot size: 20,060 sqftYear built: 1941 -
$1,529,000 - 331 Baptiste Way
La Canada Flintridge
4 beds, 3 full bathsHome size: 3,534 sq ftLot size: 11,660 sqftYear built: 1942 -
$879,000 - 368 Noren Street
La Canada Flintridge
4 beds, 1 full, 1 part bathsHome size: 1,801 sq ftLot size: 9,512 sqftYear built: 1957 -
$828,000 - 5326 Godbey Drive
La Canada Flintridge
3 beds, 1 full, 2 part bathsHome size: 1,944 sq ftLot size: 3,360 sqftYear built: 1973 -
$899,000 - 4900 Crown
La Canada Flintridge
4 beds, 2 full, 1 part bathsHome size: 2,049 sq ftLot size: 8,054 sqftYear built: 1949 -
$1,188,000 - 3710 Chevy Chase Drive
La Canada Flintridge
3 beds, 1 full, 2 part bathsHome size: 2,271 sq ftLot size: 18,216 sqftYear built: 1953 -
$1,748,500 - 510 Starlight Crest Drive
La Canada Flintridge
5 beds, 2 full, 3 part bathsHome size: 3,644 sq ftLot size: 18,130 sqftYear built: 1962
Real Estate Market on the Mend
Several recent indicators for the real estate industry are pointing to a market that is on the mend and entering recovery mode.
Housing experts’ predictions for the new year tend to center around a market stabilizing before entering a gradual, albeit very slow, recovery. However, the tone is more upbeat than it has been in years for the housing market.
Here are a few of the signs that are showing the market moving in a more positive direction:
Home sales: Existing home sales are expected to increase 12 percent this year, following a 2 percent jump last year, Moody’s Analytics predicts. The signs are already showing: In November, pending home sales — a gauge for future home buying — reached its highest level in 19 months, the National Association of REALTORS® reported.
New-home market: Coming off of what could be considered the worst year for new-home building ever recorded, the sector is expected to bounce back this year. New-home sales and starts were already showing a rebound in the last few months of 2011. Moody’s is predicting that single-family housing starts will increase 37 percent this year, and new-home sales will soar 74 percent.
Housing stocks: Investors are starting to get optimistic about the possibility of a rebound too, and are turning to home builder stocks. These equities have recently outperformed the broader stock market and the S&P 1500 homebuilding index has increased 38 percent since mid-October, USA Today reports.
Consumer confidence: With mortgage rates at record lows and housing affordability high, about 71 percent of Americans say now is a good time to purchase a home. Also, more Americans are optimistic that home prices will rise over the next year — about 26 percent say prices will rise in 2012, an increase of 4 percent over the last survey, according to Fannie Mae’s December National Housing Survey
PDF Low Rates Send Mortgage Applications Soaring 12.8%
Mortgage applications, a future gauge of home buying, had a sharp jump as more consumers rushed to take advantage of low interest rates, the Mortgage Bankers Association reports.
For the week ending Dec. 2, mortgage applications increased 12.8 percent. Applications for home purchase jumped 8.3 percent from a week earlier while applications for refinancing soared 15.3 percent.
Of the home purchase applications, 85.5% were for fixed-rate 30-year loans.
“Coming out of the Thanksgiving holiday, applications increased significantly as mortgage rates dropped to their lowest levels in about two months,” Michael Fratantoni, MBA vice president of research and economics, said in a statement. “In particular, refinance applications increased sharply, with some lenders seeing refinance volume double. Despite this surge, aggregate refinance activity is still below levels reported two weeks ago. Some lenders indicated they are beginning to see an increase in HARP loans, but that increase is still a small portion of the move this week.”
Source: “Mortgage Applications Jump 12.8% as Refinancing Volume Soars,” HousingWire (Dec. 7, 2011)
Home Energy Efficiency Tax Credits to Expire Dec. 31
Home owners may be able to take advantage of several tax credits for energy efficiency home improvements from this year. But they need to hurry: The tax credits are set to expire Dec. 31, and Congress has yet to renew them for 2012.
“Making efficiency improvements this year will lower home energy bills and improve home comfort for years to come, while also reducing 2011 federal income tax bills,” Kateri Callahan, president of the Alliance to Save Energy.
The allowance for the tax credits that home owners may be eligible for include:
- 10% of the cost of insulation and sealing materials, exterior doors, and certain types of energy efficient roofs.
- 10% of the cost, up to $200, of exterior windows or skylights.
- $300 for electric heat pump water heaters, electric heat pumps, central air conditioners, biomass stoves, and natural gas, propane, or oil water heaters.
- $50 for advanced main air circulating fans.
- $150 for natural gas, propane, oil furnace, or hot water boilers.
For more information about applying for these tax credits, visit the Alliance to Save Energy Web site.
Prices Mostly Stabilize: Why Aren’t More Talking About It?
There was a great article today from Realtor.com that deserves to be shared. We have been pondering this question for about a year now.
An improving job picture and prices stabilizing for non-distressed homes are all signs that point to a housing recovery taking shape, Barclays Capital analyst Stephen Kim told HousingWire.
“In the absence of a government home buyer incentives, prices for non-distressed home sales have stabilized for almost a year,” Kim said. “This is the most important trend in the housing industry right now, and we are amazed at how little attention it has been getting from the media and the street. This stability on the part of nondistressed prices has occurred despite a very high share of distressed activity and continued declines in overall prices.”
The key to when the housing recovery will largely take off “depends primarily on when these first-time buyers decide it is safe to buy a house,” Kim told HousingWire.
Source: “Barclays Analyst Sees Housing Rebound Coming in 2012,” HousingWire (Dec. 5, 2011)
Are the Holidays a Good Time to Sell?
Now here’s a question we get asked each and every year around this time and here’s a statistical answer for you based on facts.
Sixty percent of real estate professionals advise their sellers to list a home during the holidays because it’s a good time to sell, according to a new survey conducted by Realtor.com.
Why are the holidays such a good time to sell? Seventy-nine percent of the agents surveyed said that more serious buyers come out during the holidays, and 61 percent say less competition from other properties make it a great time to sell. Plus, 17 percent of agents say the cold weather is actually a benefit, making homes feel more cozy.
Online listing photos become even more crucial during the holiday season, according to the survey. Slightly more than half of agents say that the photos are more important because sellers tend to offer less open houses around the holidays, and so the online photos help buyers decide the properties to see and which ones to possibly bypass.
The biggest hurdles sellers face during the holidays, however, are keeping a home ready to show (clean and staged) as well as winter weather conditions and buyers’ vacation schedules, the Realtor.com survey found.
La Crescenta Real Estate Sales Statistics
It’s time for La Crescenta Real Estate Sales Statistics and this year has been quite interesting! In response to the requests of our clients, we have changed our posting format so that each of the most popular areas has their own individual post for new statistics. This will cut down on the length of the posts, as well as make the information easier for you to find. Let us know how you like the new format by email, or comments on the posts.
As we have stated before, real estate sales and market statistics have a profound affect on the value of your home. Analyzing them is not always fun, but it is an important task when buying or selling a home. Essentially what it boils down to, whether you are buying a home or selling one, is that the market determines the value of a home. To be more specific, a home is worth only what a potential buyer (the market) is willing to pay for it; regardless of how much you paid for it last year, how much work you’ve put into it, or how much you owe on it. This is something that many would-be sellers and buyers struggle to grasp.
This article discusses real estate market statistics in La Crescenta. If you need statistics in cities or neighborhoods other than La Crescenta, please let us know and we will be happy to provide them for you. You are welcome to contact Team Green by calling 818.588.6476, by email, or by completing our contact form found here.
The statistics below are pulled directly from our local Multiple Listing Service (MLS), which is the best and most accurate source for this type of data. While there are multiple media outlets using national numbers, remember that real estate sales trends are very much a local phenomenon. Reporting for the nation, a state and even a small region has its place, however, the most important numbers are those from your very own neighborhood. Local statistics are also the most relevant for a potential buyer or seller. These numbers represent all residential property types (single family homes, condos, co-ops, townhouses, manufactured, etc.). We have also included our thoughts on the statistics, which we hope you will find useful. As always, if you have any questions or comments, please let us know. We’d love to hear from you.
| Month | Sales, Number of | Sale Price, Median | Days to Sell, Median | New Listings, Number of |
| Sep-10 | 26 | $537,500 | 80 | 31 |
| Oct-10 | 36 | $590,000 | 88 | 32 |
| Nov-10 | 28 | $605,000 | 60 | 25 |
| Dec-10 | 45 | $549,000 | 91 | 8 |
| Jan-11 | 31 | $556,000 | 79 | 24 |
| Feb-11 | 24 | $462,500 | 109 | 32 |
| Mar-11 | 27 | $560,000 | 91 | 33 |
| Apr-11 | 35 | $522,500 | 68 | 28 |
| May-11 | 24 | $630,000 | 57 | 34 |
| Jun-11 | 33 | $572,950 | 86 | 38 |
| Jul-11 | 27 | $607,500 | 83 | 30 |
| Aug-11 | 24 | $633,000 | 70 | 20 |
| Sep-11 | 34 | $505,000 | 79 | 27 |
| AVG | 30 | $563,919 | 80 | 28 |
| Yearly Median | 28 | $560,000 | 80 | 30 |
The number of new sales in La Crescenta rose in September to 34, up ten from August’s 24, while the median sales price dropped from $633,000 in August to $505,000 in September. Properties stayed on the market slightly longer at a median of 79 days in September, up from August’s 70. 27 new properties entered the market, up slightly from August’s 20. So in short, there are more properties available, taking longer to sell and at a lower median cost than last month. We call that a buyer’s market in this business.
For our buyers: your pre-approval is critical. There are very few sellers in today’s market that will consider an offer from you if you do not have a pre-approval letter from a known lender. It’s no longer enough to have a simple pre-qualification letter stating that a lender will lend you money to buy a home. Sellers today instead want the pre-approval letter, which requires the lender to actually run you through their desktop underwriting software and check out your qualifications more thoroughly. It’s a great idea to have that in hand for other reasons as well, and should be the first step you take in your dream home journey. Your second step should be to contact Team Green. We offer complimentary search services through automated software fed directly from our local Multiple Listing Service (MLS). This means that you have access to, and can search all homes for sale just like an agent!
For our sellers: Last month we saw what could have been the infantile stages of a seller’s market. We know from September’s numbers that’s not the case. It takes an experienced team like ours to get your home priced well and positioned to sell quickly and for as much money as possible. Give us a call today at 818.588.6476 if you are contemplating selling your home. We will be happy to set up a no-obligation meeting to give you an estimate of your home’s current market value.
To see all homes for sale in La Crescenta, click here.
Glendale Real Estate Sales Statistics
It’s time for Glendale Real Estate Sales Statistics and this year has been quite interesting! In response to the requests of our clients, we have changed our posting format so that each of the most popular areas has their own individual post for new statistics. This will cut down on the length of the posts, as well as make the information easier for you to find. Let us know how you like the new format by email, or comments on the posts.
As we have stated before, real estate sales and market statistics have a profound affect on the value of your home. Analyzing them is not always fun, but it is an important task when buying or selling a home. Essentially what it boils down to, whether you are buying a home or selling one, is that the market determines the value of a home. To be more specific, a home is worth only what a potential buyer (the market) is willing to pay for it; regardless of how much you paid for it last year, how much work you’ve put into it, or how much you owe on it. This is something that many would-be sellers and buyers struggle to grasp.
This article discusses real estate market statistics in Glendale. If you need statistics in cities or neighborhoods other than Glendale, please let us know and we will be happy to provide them for you. You are welcome to contact Team Green by calling 818.588.6476, by email, or by completing our contact form found here.
The statistics below are pulled directly from our local Multiple Listing Service (MLS), which is the best and most accurate source for this type of data. While there are multiple media outlets using national numbers, remember that real estate sales trends are very much a local phenomenon. Reporting for the nation, a state and even a small region has its place, however, the most important numbers are those from your very own neighborhood. Local statistics are also the most relevant for a potential buyer or seller. These numbers represent all residential property types (single family homes, condos, co-ops, townhouses, manufactured, etc.). We have also included our thoughts on the statistics, which we hope you will find useful. As always, if you have any questions or comments, please let us know. We’d love to hear from you.
| Month | Sales, Number of | Sale Price, Median | Days to Sell, Median | New Listings, Number of |
| Sep-10 | 163 | $475,000 | 71 | 160 |
| Oct-10 | 138 | $512,750 | 73 | 148 |
| Nov-10 | 158 | $410,000 | 72 | 138 |
| Dec-10 | 213 | $475,000 | 75 | 102 |
| Jan-11 | 117 | $383,000 | 88 | 150 |
| Feb-11 | 123 | $475,000 | 85 | 159 |
| Mar-11 | 167 | $382,000 | 63 | 176 |
| Apr-11 | 142 | $405,000 | 65 | 159 |
| May-11 | 169 | $420,000 | 76 | 187 |
| Jun-11 | 193 | $485,000 | 75 | 186 |
| Jul-11 | 165 | $429,500 | 66 | 189 |
| Aug-11 | 155 | $410,000 | 55 | 146 |
| Sep-11 | 145 | $505,000 | 65 | 146 |
| AVG | 158 | $443,635 | 71 | 157 |
| Yearly Median | 158 | $429,500 | 72 | 159 |
The number of new sales in Glendale dropped off slightly this month at 145, down ten from the previous month. The median sales price took a big jump from August’s $410,000 to $505,000. Wow! That’s the second highest month of median home prices of the year. The median days on market was 65, up slightly from 55 in August, while the number of new listings is precisely the same at 146. Glendale remains a fairly stable market and has done pretty well this year. Properties that are priced well move very quickly and it’s a relatively equal market for both buyers and sellers. As in nearly all markets, pricing is really the key to a quick sale. If you’re considering selling your home, please contact us for a no-obligation and no cost consultation on your home’s current market value.
To see all homes for sale in Glendale, click here.
La Canada Flintridge Real Estate Sales Statistics
It’s time for La Canada Flintridge Real Estate Sales Statistics and this year has been quite interesting! In response to the requests of our clients, we have changed our posting format so that each of the most popular areas has their own individual post for new statistics. This will cut down on the length of the posts, as well as make the information easier for you to find. Let us know how you like the new format by email, or comments on the posts.
As we have stated before, real estate sales and market statistics have a profound affect on the value of your home. Analyzing them is not always fun, but it is an important task when buying or selling a home. Essentially what it boils down to, whether you are buying a home or selling one, is that the market determines the value of a home. To be more specific, a home is worth only what a potential buyer (the market) is willing to pay for it; regardless of how much you paid for it last year, how much work you’ve put into it, or how much you owe on it. This is something that many would-be sellers and buyers struggle to grasp.
This article discusses real estate market statistics in La Canada Flintridge. If you need statistics in cities or neighborhoods other than La Canada Flintridge, please let us know and we will be happy to provide them for you. You are welcome to contact Team Green by calling 818.588.6476, by email, or by completing our contact form found here.
The statistics below are pulled directly from our local Multiple Listing Service (MLS), which is the best and most accurate source for this type of data. While there are multiple media outlets using national numbers, remember that real estate sales trends are very much a local phenomenon. Reporting for the nation, a state and even a small region has its place, however, the most important numbers are those from your very own neighborhood. Local statistics are also the most relevant for a potential buyer or seller. These numbers represent all residential property types (single family homes, condos, co-ops, townhouses, manufactured, etc.). We have also included our thoughts on the statistics, which we hope you will find useful. As always, if you have any questions or comments, please let us know. We’d love to hear from you.
| Month | Sales, Number of | Sale Price, Median | Days to Sell, Median | New Listings, Number of |
| Sep-10 | 37 | $972,475 | 61 | 33 |
| Oct-10 | 35 | $1,042,500 | 80 | 37 |
| Nov-10 | 28 | $1,151,500 | 92 | 18 |
| Dec-10 | 47 | $989,500 | 88 | 19 |
| Jan-11 | 15 | $1,050,000 | 105 | 31 |
| Feb-11 | 21 | $949,000 | 93 | 31 |
| Mar-11 | 34 | $1,189,000 | 54 | 45 |
| Apr-11 | 30 | $1,207,000 | 68 | 47 |
| May-11 | 29 | $1,000,500 | 70 | 47 |
| Jun-11 | 47 | $1,130,000 | 59 | 41 |
| Jul-11 | 52 | $1,075,000 | 63 | 34 |
| Aug-11 | 31 | $1,137,500 | 60 | 17 |
| Sep-11 | 34 | $977,500 | 69 | 29 |
| AVG | 34 | $1,067,037 | 74 | 33 |
| Yearly Median | 34 | $1,050,000 | 69 | 33 |
La Canada Flintridge is a highly desirable area, primarily for its award-winning school district. It’s also a beautiful community with gorgeous homes. Overall sales were up at 34 sales in September from August’s 31, while the median sales price dipped slightly from $1,137,500 in August to $997,500 in September. Also, the median days to sell went from 60 in August to 69 in September. 29 new homes entered the market in September, compared to 17 in August. Competition is heating up among home sellers, making La Canada Flintridge a great buy right now for our would-be homeowners.
Buyers: It’s a great time to buy. Interest rates dropped BELOW 4%! That’s the lowest they’ve been in our nation’s history. Couple that with the fact that prices are down slightly and you have perfect conditions for getting into your dream home. Contact us today to get started.
For our sellers in this area, make sure that you are priced appropriately for your home’s location within the city, condition, size, and features. Pricing a home is an art, not a science. It’s a statistical fact that over pricing your home when it first enters the market will cause you to lose money in the end. You can’t simply price it high and keep dropping the price, or “chasing the market down” until it sells. Give us a call today at 818.588.6476 and let us help you get it priced right to sell it quickly, and for as much money as possible.
To see all homes for sale in La Canada, click here.
Chevy Chase Canyon Real Estate Statistics for September 2011
It’s time for Chevy Chase Canyon Real Estate Sales Statistics and this year has been quite interesting! In response to the requests of our clients, we have changed our posting format so that each of the most popular areas has their own individual post for new statistics. This will cut down on the length of the posts, as well as make the information easier for you to find. Let us know how you like the new format by email, or comments on the posts.
As we have stated before, real estate sales and market statistics have a profound affect on the value of your home. Analyzing them is not always fun, but it is an important task when buying or selling a home. Essentially what it boils down to, whether you are buying a home or selling one, is that the market determines the value of a home. To be more specific, a home is worth only what a potential buyer (the market) is willing to pay for it; regardless of how much you paid for it last year, how much work you’ve put into it, or how much you owe on it. This is something that many would-be sellers and buyers struggle to grasp.
This article discusses real estate market statistics in Chevy Chase Canyon. We define Chevy Chase Canyon as those areas bordered by the 2, 210 and 134 freeways and include portions of Glendale, La Canada, and Pasadena. If you need statistics in cities or neighborhoods other than Chevy Chase Canyon, please let us know and we will be happy to provide them for you. You are welcome to contact Team Green by calling 818.588.6476, by email, or by completing our contact form found here.
The statistics below are pulled directly from our local Multiple Listing Service (MLS), which is the best and most accurate source for this type of data. While there are multiple media outlets using national numbers, remember that real estate sales trends are very much a local phenomenon. Reporting for the nation, a state and even a small region has its place, however, the most important numbers are those from your very own neighborhood. Local statistics are also the most relevant for a potential buyer or seller. These numbers represent all residential property types (single family homes, condos, co-ops, townhouses, manufactured, etc.). We have also included our thoughts on the statistics, which we hope you will find useful. As always, if you have any questions or comments, please let us know. We’d love to hear from you.
| Month | Sales, Number of | Sale Price, Median | Days to Sell, Median | New Listings, Number of |
| Sep-10 | 41 | $685,000 | 78 | 53 |
| Oct-10 | 35 | $825,000 | 105 | 34 |
| Nov-10 | 34 | $862,000 | 91 | 29 |
| Dec-10 | 61 | $810,000 | 93 | 19 |
| Jan-11 | 32 | $619,500 | 96 | 40 |
| Feb-11 | 20 | $862,500 | 94 | 32 |
| Mar-11 | 49 | $830,000 | 61 | 48 |
| Apr-11 | 26 | $710,000 | 72 | 35 |
| May-11 | 38 | $735,000 | 77 | 42 |
| Jun-11 | 51 | $664,500 | 78 | 53 |
| Jul-11 | 38 | $725,000 | 58 | 37 |
| Aug-11 | 34 | $797,500 | 75 | 38 |
| Sep-11 | 39 | $730,000 | 92 | 43 |
| Average | 38 | $758,154 | 82 | 39 |
| Yearly Median | 38 | $735,000 | 78 | 38 |
Chevy Chase Canyon is important to us, as it’s our home turf (literally). It’s one of the most sought after areas of Glendale. Since it incorporates many subareas, its price range and market vary greatly.
Last month we called for a continued slight boost in prices based on the previous three month increases and relatively flat number of new listings. As you can see from the numbers above, home prices in Chevy Chase Canyon actually dipped slightly to a median of $730,000. Activity slowed somewhat as homes stayed on the market a little longer at a median 92 days on market. This was up from August’s 75 days on market. More new homes entered the market in August at 43, compared to the previous month’s 38. It’s hard to say what will happen for October, but we’re guessing that we’ll see a dip in the number of sales and little change in the median sale price. We are still calling it a buyer’s market in the Canyon. Competition is always tough in this area based on its desirability. If you are looking to buy a home in Chevy Chase Canyon, your timing is great. For our sellers, you’ll really need to turn on your homes’ charm and make it stand out. Our custom marketing plans are the perfect solution to getting your home sold.
To see all homes for sale in Chevy Chase Canyon, click here.
Burbank Real Estate Statistics for September 2011
Burbank Real Estate Sales Statistics
It’s time for Burbank Real Estate Sales Statistics and this year has been quite interesting! In response to the requests of our clients, we have changed our posting format so that each of the most popular areas has their own individual post for new statistics. This will cut down on the length of the posts, as well as make the information easier for you to find. Let us know how you like the new format by email, or comments on the posts.
As we have stated before, real estate sales and market statistics have a profound affect the value of your home. Analyzing them is not always fun, but it is an important task when buying or selling a home. Essentially what it boils down to, whether you are buying a home or selling one, is that the market determines the value of a home. To be more specific, a home is worth only what a potential buyer (the market) is willing to pay for it; regardless of how much you paid for it last year, how much work you’ve put into it, or how much you owe on it. This is something that many would-be sellers and buyers struggle to grasp.
This article discusses real estate market statistics in Burbank. If you need statistics in cities or neighborhoods other than Burbank, please let us know and we will be happy to provide them for you. You are welcome to contact Team Green by calling 818.588.6476, by email, or by completing our contact form found here.
The statistics below are pulled directly from our local Multiple Listing Service (MLS), which is the best and most accurate source for this type of data. While there are multiple media outlets using national numbers, remember that real estate sales trends are very much a local phenomenon. Reporting for the nation, a state and even a small region has its place, however, the most important numbers are those from your very own neighborhood. Local statistics are also the most relevant for a potential buyer or seller. These numbers represent all residential property types (single family homes, condos, co-ops, townhouses, manufactured, etc.). We have also included our thoughts on the statistics, which we hope you will find useful. As always, if you have any questions or comments, please let us know. We’d love to hear from you.
| Month | Sales, Number of | Sale Price, Median | Days to Sell, Median | New Listings, Number of |
| Sep-10 | 135 | $499,000 | 80 | 87 |
| Oct-10 | 100 | $439,000 | 75 | 138 |
| Nov-10 | 87 | $458,000 | 57 | 93 |
| Dec-10 | 117 | $448,500 | 85 | 62 |
| Jan-11 | 103 | $462,000 | 82 | 88 |
| Feb-11 | 86 | $438,000 | 92 | 107 |
| Mar-11 | 117 | $440,000 | 71 | 111 |
| Apr-11 | 112 | $455,000 | 57 | 106 |
| May-11 | 81 | $465,000 | 65 | 105 |
| Jun-11 | 101 | $432,000 | 59 | 108 |
| Jul-11 | 109 | $449,000 | 67 | 110 |
| Aug-11 | 118 | $430,000 | 70 | 91 |
| Sep-11 | 91 | $434,000 | 75 | 101 |
| Average | 104 | $449,962 | 72 | 101 |
| Yearly Median | 103 | $448,500 | 71 | 105 |
As you can see above, there were 91 home sales in Burbank for the month of September, which was slightly below the yearly average of 104.
The median sales price was up from August’s $430,000 to $434,000 in September. Given that 2011’s median sales price in Burbank was $448,500, the number of sales and prices in Burbank were fairly stable throughout the year, barring the typical seasonal variations. We were spot on with last month’s Burbank predictions in that the fewer properties on the market in August helped prices rise slightly. Our prediction for next month is that we will see little change in the four categories above.
Burbank is a great place to live and work. If you are interesting in buying or selling real estate in, or around, Burbank, please let us know. We would be honored to assist you.
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