Known as the “Media Capital of the World,” Burbank, CA is the place to live for those who work in the media industry. It’s also a great place for anyone who wants to be close to action, entertainment, and big business… while still enjoying the charms of small-town living. In short, Burbank is the best of both worlds, and it’s a pretty popular place to buy a home.
Thinking of buying a home in Burbank this year? Here’s what you need to know.
Burbank’s Experiencing a Buyers Market
What’s the 4-1-1 on Burbank real estate? Well, it’s definitely good news for buyers—while home values are still high, the market is cooling off a bit, and there’s a decent amount of inventory to choose from. Here’s the Burbank real estate breakdown:
Current homes for sale: 99
Median Listing Price: $849,000
Median Sale Price: $821,600
Over the past year: 4.3% increase in values
Next-year predictions: 1.3% increase in the coming year
What this means for buyers: There are a decent number of homes for sale, and homes are selling for less than their sale price, so there probably aren’t a lot of bidding wars driving up prices. Home values are expected to continue to rise, so you can expect to earn equity on your home.
Burbank is Filled with Opportunity
Why do buyers choose Burbank when there are probably more affordable options out there? Because Burbank has it all. It’s home to major media giants, like NBC Universal, the Walt Disney Company, Warner Bros. Entertainment, and many others. It’s also got a ton of shopping, dining, and entertainment options.
Burbank is Big-City with Small-Town Charm
Burbank is filled with opportunity and situated right on the brink of LA… but it’s got plenty of quiet spaces and beautiful parks, too. Its city parks offer a wealth of amenities, like walking trails and biking paths, but Burbank is also just a quick drive from true city escapes like Verdugo Mountain Park, Wildwood Canyon Park, and La Tuna Canyon Park.
Burbank is Endless Entertainment
There’s always something happening in Burbank and plenty of fun to be found around every corner. Downtown Burbank is a mecca of shops, restaurants, unique bars, live theatre, movies, museums, and more.
Outside of Downtown, Burbank is home to hotspots like the Starlight Bowl and the Los Angeles Equestrian Center.
Burbank Schools are Some of the Best Around
Burbank students belong to Burbank Unified School District and are served by some of the best schools in the state. In fact, BUSD has been named among the safest school districts in California, as well as one of the state’s top districts.
Burbank also has a number of choices for continuing education, including Woodbury University and several trade schools in the makeup and beauty industry.
Ready to Buy Your Home in Burbank?
If you’re thinking of buying a home in Burbank, then it’s time to contact Brad Korb Real Estate Group. We’re here to help you explore the area, discover its beautiful communities, and find the perfect home for your unique needs.