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, February 18, 2013
Record-breaking crowd at yesterday's open house
I counted over 200 people at yesterday's open house at 1122 N. Cordova in Burbank. This is a record for an open house of mine. (Previous record was 135 last summer.) This is due to the still-low interest rates and the shortage of inventory. Yes, the property has offers on it.
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Its probably because there was an open house in the next town of Toluca lake offering a regular sale non short sale and not an reo for 350k when the comps in that neighborhood is 500k and up. When i drove by there was 200 people there before the doors even opened. They probably all got frustrated and went to a city where their price range was more realistic. Besides, a 3 bedroom isnt a 3 bedroom if you have to walk thru one to get to the master. And 535k Judy? I dont think so!!!
ReplyDeleteOh my, somebody is a cranky pants today! But just to clarify: tax assessor and the city of Burbank say that the house has 3 bedrooms. Oh, and $350k hasn't been realistic for a house in Burbank, let alone Toluca Lake, for many moons now.
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