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MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 69<br />
TRI-CITIES<br />
BURBANK VILLAGE WALK<br />
150 SAN FERNANDO BLVD<br />
PROJECT INFORMATION<br />
Developer: The Olson Company<br />
Submarket: Burbank<br />
Number of Homes: 140<br />
HOA Fees: $310-$405<br />
Sales Start Date: Jul ‘05<br />
Sales End Date: May ‘07<br />
Avg. Absorption: 6.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
2-BED AVGS 2 1,520 $639,000 $425 - - 8<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 2 1,450 $480,000 $331 - - 46<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 1 1,450 $498,500 $344 $505,000 $348 17<br />
SOLD<br />
2-BED AVGS 5 1,500 $563,950 $380 $557,020 $376 27<br />
3-BED AVGS 2 1,820 $625,000 $343 $585,000 $321 121<br />
TRI-CITIES<br />
THE BURBANK COLLECTION<br />
57 E. PALM AVE<br />
PROJECT INFORMATION<br />
Developer: Champion Development Group<br />
Submarket: Burbank<br />
Number of Homes: 118<br />
HOA Fees: $285-$400<br />
Sales Start Date: Aug ’07<br />
Sales End Date: Oct ’11<br />
Avg. Absorption: 2.3 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
STUDIO AVGS 1 870 $450,000 $517 - - 72<br />
ACTIVE<br />
2-BED AVGS 1 1,320 $549,000 $416 - - 4<br />
- - - - - - - -<br />
3-BED AVGS 1 2,000 $724,900 $362 - - 8<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
STUDIO AVGS 2 806 $369,250 $460 $362,500 $452 79<br />
SOLD<br />
2-BED AVGS 2 1,225 $537,000 $442 $532,000 $438 38<br />
3-BED AVGS 1 1,970 $708,000 $359 $700,000 $355 75<br />
LOS ANGELES MARKET REPORT, MAY 2016