I listed the house at 724 University, in Burbank, a cosmetic fixer, for $559k. It received 17 offers within one week.
Update April 28, 2010: we're already in escrow with the 1st back up buyers. What happened: the first buyers were paying all cash and had submitted an offer without any contingencies. We were dubious about this, but these terms were too good for our seller to pass up. Sure enough, late Monday morning, the buyers' agent called me to say that the buyer wanted $20,000 (!) back based on the physical condition AND wanted to get a loan. Uh, no. Here's your deposit back; go in peace. The buyers in the backup position stepped up (for a higher price, too) and we're now in escrow with them. (Gossip: the agent who wanted to renegotiate the terms for her buyer the minute we opened escrow is a member of a prominent Glendale real estate family.) Stay tuned!