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Here’s what to know about our market heading into the fall season.

I have some exciting news for you: We’re now moving back toward a normal real estate market! A couple of months ago, buyers were foaming at the mouth to offer over list price to win properties. We’re still selling many properties; we just aren’t seeing the bidding wars we were a few months ago. 


Some areas are very hot and still getting bids over list price. Other areas aren’t quite as hot and are seeing bids at or just below list price, and those homes are taking a little longer to sell. Some houses are only taking a week, and others may take over a month to sell. We’re on our way to having a more typical fall market. 

“We’re still selling many properties; we just aren’t seeing the bidding wars we were a few months ago.”

Here’s an overview of the numbers for our Burbank, Glendale, and North Hollywood markets from August 2020 compared to August 2021:


  • Properties closed in August: 194 in 2020, 242 closed in 2021, an increase of over 20%.

  • August average sales price: $928,000 in 2020, $1,007,000 in 2021, an increase of over 8%.

  • August average price per square foot: $569 in 2020, $674 in 2021, an increase of over 18%.


If you have questions or comments about our market or real estate in general, give us a call or send an email. We’re on standby to take care of you.