Saturday, March 12, 2011
OMG, cheapest condo EVER in Burbank
Burbank has its lowest-priced listing that I ever remember. And it's not even a dump! 355 Maple, #114 in the Entourage development just listed at $99,000. It's a 480 sf. studio and the building has lots of amenities. It's close to the studios, too. Is it priced according to comparables or is it an auction price? I vote auction. A similar unit there sold for twice this just last fall. And in November, my buyers closed on a one-bedroom condo on Bethany which was the cheapest thing to list on the market in over a decade and it was $180,000. And prices haven't dropped 50% in four months. So yes, I do think it will go out much higher...still...stay tuned!