Monday December 14, 2009

Your Local Executive BURBANK, CA 91505

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 499,000 ±+
Asking Price Per Square Foot $ 368 ±+
The median list price in BURBANK, CA 91505 this week is $499,000. Average Days on Market (DOM) 133 ≠≠
Percent of Properties with Price Decrease 23 %
Percent Relisted (reset DOM) 9%
Inventory is tightening and days-on-market is falling. But demand
as measured by the Market Action Index is also trending down. The Percent Flip (price increased) 3%
market is not giving strong up or down signals from these data. Median House Size (sq ft) 1446
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 22.4 ≠≠

The Market Action Index has been trending lower for several weeks ±+ No change == Strong upward trend ≠≠ Strong downward trend
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see = Slight upward trend ≠ Slight downward trend
downward pressure on pricing.

Price
Market Action Index We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 637,000 1969 8,000 sqft 3.0 2.0 69 16 0 0 109 Most expensive 25% of properties

6,501 -
Upper/Second $ 525,000 1492 8,000 sqft 3.0 2.0 69 16 0 2 156 Upper-middle 25% of properties

6,501 -
Lower/Third $ 469,500 1235 8,000 sqft 3.0 1.0 69 16 1 1 172 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 382,000 923 6,500 sqft 2.0 1.0 67 16 1 0 94 Least expensive 25% of properties

Pickford Escrow

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