Looking at the MLS stats for the past couple of years Burbank has seen the following in way of cash buyers:
2011: 709 sales/102 cash buyers (approx 15%)
2012: 837 sales/146 cash buyers (approx 17%)
2013: YTD 184 sales/32 cash buyers (approx 18%)
National Association of Realtors had following stats nationwide:
2011 - approx 30% of all sales were cash buyers
2012 - approx 31.4% of all sales were cash buyers
There are a lot of investors but when you look at the inventory on market, cash buyers are common but not overwhelming so in Burbank. Financed buyers still have a great opportunity to purchase and beat out a cash buyer - one of the major things hindering today's market - lack of inventory and huge buyer demand - multiple bids are the biggest competition in Burbank for any buyer.
Hope this helps. If we can be of further assistance, please call us direct.
Kyle & Norma
The Achievers Group
Remax Town Center
800-525-5157 ext 0
*sales information/stats are derived from MLS as posted. Although deemed accurate is not guaranteed*