The wild and wool-y real estate market

Well, pardners, my experience in the local market has been like a buckin' bronco lately.  Yes, I'll have some campfire stories to tell y'all, but first I have to get all the cattle driven back into their pens.

Here's some good news, though: 1122 N. Cordova in Burbank has closed for $540,000.  That's $5000 over list price.  We originally had it in escrow for $545,000 but those buyers wanted $11,000. We said "happy trails to you" and got another buyer.  This buyer paid cash at $540,000.  Now, if we can only get the Cordova sellers into a new home.

Second chance at 1122 N. Cordova in Burbank is back on the market

Update 3/12: we're back in escrow with a cash buyer.Here's your chance to own a great 3+2 in Burbank's Magnolia Park now that the previous buyers have flaked out (yes, more dirt to come -- later).  No open houses are planned at this point, but call me or your own Realtor if you'd like to see.  The home is super-close to all of Magnolia Blvd's attractions and features a/c, hardwood floors, a huge backyard, huge master suite, all copper plumbing, new windows and more.  It's listed at $535,000 and I have a couple of non-scary inspection reports for serious buyers.  More pictures can be found at www.JudyGraff.com.

Cordova in Burbank and Denny in North Hollywood are both in escrow

1122 N. Cordova in Burbank's Magnolia Park went into escrow last week.  Now, we just need to find the sellers a place to live (offers have been submitted).  More about that later.  And 5227 Denny #101 in the North Hollywood Arts District is in escrow.  We got the call saying the offer was being submitted about an hour after the first showing on the first day.  And we have to find those sellers a place too (offer submitted there as well).  Whew! Yes, we are very lucky.

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.

Just listed: Burbank 3+2 in Magnolia Park for $535k

Update 2/13/2013: If you're interested in seeing this home, you might not want to wait.  Showing traffic has been heavy.  Okay, buyers -- is your heart set on a 3+2 home in Magnolia Park super-close amenities like stores, shops, restaurants, the Chandler bike path, excellent public schools and more? Check out 1122 N. Cordova Ave. and prepare to have your dreams come true.  This well-maintained traditional has gorgeous hardwood floors, dining area, cute kitchen, big bathrooms (one new), huge master, plenty of closet space, copper plumbing, central air, a big backyard, two car garage, hot tub all new windows and new interior paint.  It offers lots of expansion opportunities for those that want to add on.  I will have it open for brokers Thursday, Feb. 14, from 9:30 to noon and it will have a public open house on Sunday, Feb. 17, from 1:00 to 4:00.  Please call or email me with any questions.