Monday December 28, 2009

Your Local Executive BURBANK, CA 91506

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 549,000 ±+
Asking Price Per Square Foot $ 378 ==
The median list price in BURBANK, CA 91506 this week is $549,000. Average Days on Market (DOM) 162 ==
Percent of Properties with Price Decrease 23 %
Percent Relisted (reset DOM) 3%
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 3%
are mildly positive indications for the market. Median House Size (sq ft) 1564
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 Buyer's Advantage 28.9 ==

Home sales continue to outstrip supply and the Market Action Index ±+ No change == Strong upward trend ≠≠ Strong downward trend
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend = Slight upward trend ≠ Slight downward trend
continues.

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 $ 885,000 1945 8,000 sqft 3.0 2.5 70 7 0 2 270 Most expensive 25% of properties

6,501 -
Upper/Second $ 589,000 1641 8,000 sqft 3.0 2.0 65 8 0 4 249 Upper-middle 25% of properties

4,501 -
Lower/Third $ 529,500 1412 6,500 sqft 3.0 2.0 69 8 0 3 91 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 422,500 1119 8,000 sqft 2.0 1.5 68 8 0 3 52 Least expensive 25% of properties

Pickford Escrow

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