Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Monday, May 21, 2007
Increased activity
Good news for sellers of Burbank real estate: homes for sale inventory in the Burbank, Toluca Lake, Studio City and Hollywood Hills areas seems to be thinning out and properties are selling faster. And even going in multiple offers. Of course, the properties selling quickly are the ones that are in great shape, updated and priced right to begin with. Will this stop or slow down again? Prediction: yes, after July, as it usually does. As always, if a property needs work, is non-conforming, priced too high, etc., it's staying on the market for a long time.
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