Three Burbank homes sold (year to date) for over $1,000,000 (all newer construction):



3231 Clifden Ln, 4+5, 4535 sq ft, 14,915 lot, built 1999, $1,600,000, 210 DOM (days on market)


3427 Wedgewood Ln, 6+6, 4320 sq ft, 11,400 lot, built 2000, $1,375,000 266 DOM


923 Elmwood Ave, 6+7, 4825 sq ft, 10,250 lot, built 2007, $1,380,000 22 DOM

I believe the biggest obstacle to high end real estate is mortgage financing.  Although Burbank hasn’t seen a $2,000,000+ sale since 2009, there are currently three listings on the market exceeding that price point:


3345 Wedgewood Ln, 5+7, 5793 sq ft, 19,389 lot, built 2002, $2,295,000 1 DOM
(Purchased in 2005 for $2,575,000


3301 Brookshire Ct., 5+7, 6645 sq ft, 22,705 lot, built 2005, $2,790,000 254 DOM
(Purchased in 2005 for $2,400,000


7 Skyline Dr, 6+6, 6403 sq ft, 53,940 lot, built 2010, $3,100,000 436 DOM
(Purchased in 2002 as a $1,000,000 tear down)

Tweet