Tuesday, June 23, 2015
629 N. Keystone, Burbank is closed -- what a difference five months can make in real estate!
I relisted Keystone again in April. Again at $779,000. And immediately got three offers, all over the purchase price. We sold it three weeks ago for $805,000. That wasn't even our highest offer -- we received an offer for $820,000 but were afraid that it wouldn't appraise. The $805k offer was all cash. The point is that the housing market is certainly on fire here in the San Fernando Valley. We went from no interest to heavy, willing-to-pay-more interest in just a few short months.
FYI, a large portion of the buyers that came through my open houses this spring were new parents from over the hill who are looking for decent housing stock and good schools for their children.