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Here are the latest year-over-year numbers for the Burbank real estate market.

Today I wanted to bring you a quick market update now that the latest real estate statistics for L.A. are here. I’m comparing January 2022’s numbers to January 2021’s, and I wanted to point out a few trends.


First, we had a bit of a drop in home sales. They’re down 10% from 186 to 168. That’s more of a sign of our lack of inventory than anything else, because the average sale price is up over 30% from $859,000 to $1,123,000.


The average price per square foot also rose over 19% from $579 to $690. Finally, interest rates are up significantly from 2.93% to 3.77%.


If you have any questions or comments about these numbers or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.