There were 67 property sales in Burbank for July 2020.
Burbank had 67 property sales for the month of July
There were 53 property sales in Burbank for June 2020.
27% of home shoppers are looking for affordability, less dense areas
According to a recent survey conducted by Redfin, a record high of 27 percent of home shoppers are searching for homes in different metro areas.
They are looking to relocate to a more affordable, less dense areas.
I'm sure this trend has a lot to do with people now seeing working from home as a viable option.
The Ask Daniel Los Angeles Show Podcast
Buying or selling a home can be an overwhelming, complex operation.
The #AskDanielLosAngeles Show was created to answer your real estate questions in the hopes that it would give you a better understanding of the process of buying and selling a property.
To find this podcast, type “The Ask Daniel Los Angeles Show” in the search bar where ever you listen to podcasts.
You can also find the podcast on my website at ContempoRealtors.com/Podcast.
New podcasts released weekly on Thursdays.
Have a real estate question? Ask me on my podcast webpage and I will respond to you directly.
I may also answer it on the show!
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Most expensive new listing in Burbank
Asking price for this Burbank home is $2,250,000.
The home features 5 bedrooms 4 baths and a recording studio.
The barn features 3 stalls, feed and tack room, 2 turnouts and a bathing area.
Text me if you want to see it - 818-445-7953
Pharrell Williams home for sale at $17 MM
#PharrellWilliams has put his #BeverlyHills mansion on the market for $17,000,000.
The home is 17,000 sq ft and sits on an impressive 4-acre lot.
This giant home has 10 bedrooms and 11 bathrooms.
Outside there are gardens, koi ponds, and a resort-like pool with waterfall and grotto.
Multiple sport courts, rock sculptures, and also a 30+ car motor court.
Let me know if you want to buy it.
Housing inventory has gone down 21.8% in LA
Over the last 12 months, housing inventory has gone down 21.8% in the Los Angeles area.
That means there are a lot fewer homes for sale now then there was a year ago.
I expect this trend to continue because low-interest rates will cause there to be an even stronger than usual buyer demand this #Spring.
P.M.I.
It's not the end of the world if you have to get P.M.I., but it should be avoided if possible.
If you can put at least 20% down when buying a home.
By doing so the lender won't require you to get P.M.I.
