The prices in real estate in Burbank, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Burbank has increased during the last 6 months. In July, the average price per sq.feet was $530. In the following month the price per sq.feet increased to $590. In the following two months the price per sq.feet has barely changed, going from $560 to $559 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $559.5 to $568 during November y December
Based upon to the price in Burbank (cities), this has fallen considerably in the last 6 months. The price in July is $1,185,583, rising in August till $1,286,996. During the following two months (September, October) the average price had a considerable reduction of 73 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $1,067,455 to $915,779.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $858,021 they are 47 % more affordable than the average price for Burbank. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 3 bedrooms priced at $912,151.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $574 / sq.feet, with an average $574 / sq.feet price in Burbank. The properties with the highest average prices have 3 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $591 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $858,021 it is 34 % cheaper than the average price in Burbank. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Duplex". At a price of $926,846 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $342 / sq.feet followed by "Condo" priced at $453 / sq.feet. "Duplex" is the most costly type of property with a $2,997 / sq.feet cost followed by "Detached House" with an average price of $553 / sq.feet.