The March 2011 real estate sales statistics are in for our local area. These numbers are pulled directly from our local Multiple Listing Service (MLS), which is the best and most accurate source for this type of data. While there are multiple media outlets using national numbers, remember that real estate sales trends are very much a local phenomenon. Reporting for the nation, a state and even a small region has its place, however, the most important numbers are those from your very own neighborhood. Local stats are the most relevant for a buyer or seller. The charts below are the actual statistics from our local MLS. We have also included our thoughts on the statistics, which we hope you will find useful.
Wow! What a month we had in Burbank. Burbank had their highest number of total sales since September of 2008. Properties have been flying off the shelves, particularly those below the $400,000 price range. I am also happy to announce that our office (Keller Williams) led this charge with nearly twice as much volume as the second place finisher. Keller Williams finished up March with $1,120,000 in total sales volume for the month, while the nearest competition's volume was $650,000. Almost 1 out of every 3 homes sold in Burbank in the month of March was sold by our Keller Williams team. If you want to buy or sell real estate in Burbank, you're on the right track by visiting this website. Putting this success and experience to work for you is only a phone call or email to our team away. The total number of new listings in Burbank was at a 5 month high. This is proof that the market continues to improve.
Chevy Chase Canyon had another solid month. The key to being successful as a seller in this and many other markets is pricing. As a seller, you will net more money by pricing your home correctly the moment it goes on the market. Listing it high and hoping for an offer, not receiving one and having to drop the price will ultimately lose you money. As a buyer in this area, there are plenty of properties to choose from and some great deals out there.
Glendale had a record month in total sales for the month of March as well. Total sales in Glendale haven't been this high since March of 2007! The median sales price in Glendale was the 5th highest it has been in the last 12 months. This is another indicator that properties are moving, which is a great sign. A 3 month new listing high in Glendale also tells us that this trend will likely continue. Navigating the Glendale market will take an experienced agent to help you get the highest price possible when selling your home, and the best deal possible when purchasing.
La Canada Flintridge has seen fairly stable sales over the last twelve months and March was no exception. New buyers continue to come to La Canada Flintridge for their great schools and fantastic properties. There are some truly outstanding buys in La Canada Flintridge, particularly in the luxury market. The key to the La Canada Flintridge market for both buyers and sellers is research and studying comparable sales, as well as having an agent assisting you who is actively representing your best interest.
La Crescenta is always a popular market. The city had their highest total number of sales since November of 2010. My favorite statistic for La Crescenta was the median days to sell, which was at a 10 month low. Homes are selling quickly in La Crescenta. If you are buying or selling in this area, it's important to do your research up front and when you're ready to pull the trigger, be prepared for things to move quickly. It's easy to sell too low or overpay in La Crescenta if you haven't done your homework and have a great agent in your corner. If you are interested in buying or selling real estate in La Crescenta, we're here to help.
Pasadena has been remarkably stable over the last 12 months. The month of March had the most sales in the last 12 months and the shortest days on market in the last 9 months. Both facts are indicators that things are picking up in almost every corner of our local market.
Burbank - Number of Sales and Median Sales Price
Burbank - Median Days to Sell and Number of New Listings
Chevy Chase Canyon - Number of Sales and Median Sales Price
Chevy Chase Canyon - Median Days to Sell and Number of New Listings
Glendale - Number of Sales and Median Sales Price
Glendale - Median Days to Sell and Number of New Listings
La Canada Flintridge - Number of Sales and Median Sales Price
La Canada Flintridge - Median Days to Sell and Number of New Listings
La Crescenta - Number of Sales and Median Sales Price
La Crescenta - Median Days to Sell and Number of New Listings
Pasadena - Number of Sales and Median Sales Price
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Stephen Green
REALTOR®
Ph: 818.LVTMGRN (818.588.6476)
Fax: 818.450.0220
I'd greatly appreciate if you could pass my name to the people you know who are thinking about buying or selling real estate. I'll take excellent care of them.
DRE License No: 01373821
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