Sunday, May 04, 2008

Burbank Real Estate & Homes for Sale

This week I'd like to focus on a very popular area called Burbank. Home to many studios and a hang-out for the entertainment industry, Burbank is a thriving community. Typically, a starter home which consists of 2 bedroom and 1 bath is valued in the low $500's. Keep in mind those homes which border the Burbank airport are priced 10-20% lower than other areas of Burbank.

Here are some real estate statistics for Burbank:
305 Active Properties in Burbank
74 Burbank homes in Escrow
43 Burbank homes have been sold within the past month

The explain the statistics better, active means homes which are available on the market. Escrow means homes which have an accepted offer, and SOLD means homes which have sold within the past 30 days.

The lowest priced single family home with 3 bedroom, 2 bath with 1050 square feet is listed for $398,000. The lowest priced condo in Burbank is listed for $279,000. In my opinion, Burbank is one of the best places to live in the San Fernando Valley. The location is key to the 5 freeway, 134 freeway and 101 freeway. You can also access the westside within a few minutes and Burbank is close to Studio City and Toluca Lake.

View all available Burbank homes for sale.

View all bank owned homes in Burbank.

View available short sale homes in Burbank.

Source: SocalMLS 5/4/2008

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