The quarter in one paragraph
8 of the 2,369 residential sales that closed in Burbank, Glendale, Pasadena, La Cañada Flintridge and the listed San Fernando Valley communities in Q3 2026 were REO, a share of 0.3%. In Q3 2025 the same areas recorded 10 REO sales out of 2,589 (0.4%). Source: CRMLS, as of November 4, 2026. Across those 8 REO sales the median close price was $777,500 and the median days on market, as reported by CRMLS, was 62, against a median close price of $990,000 for all closed sales.
REO sales by area
| Area | Closed sales Q3 2026 | REO sales Q3 2026 | REO share Q3 2026 | REO median price Q3 2026 | REO median days on market Q3 2026 | REO sales Q3 2025 |
|---|---|---|---|---|---|---|
| Burbank | 141 | 0 | 0% | fewer than 5 sales | fewer than 5 sales | 0 |
| Glendale | 172 | 0 | 0% | fewer than 5 sales | fewer than 5 sales | 0 |
| Pasadena | 290 | 0 | 0% | fewer than 5 sales | fewer than 5 sales | 2 |
| La Canada Flintridge | 51 | 0 | 0% | fewer than 5 sales | fewer than 5 sales | 0 |
| San Fernando Valley | 1,715 | 8 | 0.5% | $777,500 | 62 days | 8 |
| All areas | 2,369 | 8 | 0.3% | $777,500 | 62 days | 10 |
Download the table: reo-market-note-2026-q3.csv (CSV).
How the figures were built
Closed residential sales from CRMLS with a close date from 2026-07-01 up to 2026-10-01 (and 2025-07-01 up to 2025-10-01 for Q3 2025), pulled November 4, 2026 through Empower's CRMLS connection. A sale counts as REO when its CRMLS special listing condition includes REO; auction listings without the REO condition are not counted. Each city pull was checked complete against its CRMLS record count. Medians over fewer than 5 REO sales are not printed. The San Fernando Valley row covers the Valley communities CRMLS carries as their own city; sales whose CRMLS city is not one of the listed cities are not included (Mission Hills returned none under its own name in either year). Days on market are as reported by CRMLS; medians of an even count are rounded to the nearest whole day or dollar. Market statistics, not an appraisal or a valuation of any property.
For asset managers
Empower Real Estate takes REO and BPO assignments across Los Angeles, Ventura, Orange and Santa Barbara Counties. The REO division is led by Ed Sanchez, broker and institutional REO director. See REO broker and BPO services and the guide How to hire an REO listing broker in Burbank and Glendale.
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