Tuesday, February 15, 2011

Quick sales and multiple offers again in Studio City and Burbank

Sales activity appears to be picking up locally, especially in Studio City, Burbank and Hollywood Hills.  It's the time of year for sales to pick up, and inventory is still low.  4222 Rhodes (pictured above), a short sale for $749k in Studio City, sold over the weekend (well, sorta, if it's a short sale, but that's another story). 2637 N. Lamer in Burbank sold over the weekend as well.  1335 N. Ontario in Burbank for $529k just listed, and has two offers on it already.  And I'm told that several properties that just listed in the Hollywood Hills have multiple offers.

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