Burlingame Real Estate – April 2012
Sales Activity Strong Through April Robust sales activity has increased competition between buyers, and we are now seeing more homes with multiple offers, and more offers above asking prices. Read more below for the full landscape. After a modest start to the year in Burlingame sales activity has been strong in the past two months, with 21…..
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Burlingame Closed Sales March & April 2012
Curious about which homes sold in Burlingame over the last couple of months? Check out my list below. If you’d like more details about any of the homes below (I’ve been in nearly all of them), or are trying to get a better feel for the market, drop me a line or give me a call…..
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The Highest and Lowest Sales Prices of 2011, and More
I thought I’d share some interesting data we ran for each of the towns I cover on the north peninsula. The data includes the median home price, number of sales, the lowest and highest closed sales, and the percentage of list price received, for real estate in Burlingame, Hillsborough, San Mateo, San Carlos, Belmont, Foster…..
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Burlingame Real Estate – March 2012
Sales Activity Spikes in March Real estate activity was low in Burlingame in the first two months of 2012, but picked up sharply in March with 20 homes selling. Through the first three months of the year, there have been 36 homes sold, up from 31 homes sold in 2011. Although there appears to be strong buyer…..
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San Mateo County Real Estate – March 2012
Inventory Plummets The inventory of for-sale homes has a normal seasonal pattern, reaching a peak in the summer and a trough at the end of the year. In each of the nine years from 2004 to 2011, inventory rose in the first quarter of the year (see columns in black). 2012 has been quite different……
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San Mateo County Real Estate – February 2012
Sales Activity Continues to Climb Since reaching a nadir in 2008, the number of homes sold in San Mateo County increased in each of the next three years. Through the first two months of 2012, sales are again ahead of the prior year pace. There have been 519 homes sold so far this year, versus…..
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Burlingame Real Estate – February 2012
Sales Remain Seasonally Low Real estate activity is normally subdued in Burlingame for the first couple months of the year, with sales picking up in March or April. February 2012 was no exception. Our early reading shows only six home sales, the lowest of any month since January 2009. It is possible that a few more…..
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The 2011 Burlingame Real Estate Market Review
Want to get a copy of Burlingame’s most comprehensive annual review of the residential real estate market? Drop me a line and I’ll be happy to mail you one. Connect with Raziel about your home If you’re looking to get an idea of your home’s value and would like to request an appointment to discuss…..
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Burlingame Real Estate Update January 2012
The beginning of the year is typically the slowest month for real estate in Burlingame and January 2012 was no exception. Nine homes sold in January 2012, though this does put us slightly ahead of last year’s pace when only eight homes sold in January. As most homes that end up selling in Burlingame do so in…..
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San Mateo County Real Estate – 2011 Review
There were mixed signals in the San Mateo County real estate market in 2011, but overall, there was evidence of further recovery from the depths of 2008 and 2009. One of the strongest signs was the number of transactions. There were 4,633 homes sold in 2011, up 5% from 2010 and 13% from 2009. It…..
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Burlingame Real Estate Update November 2011 – Strong Sales
Last month, our headline was “Slow Month”. This month, it is “Strong Sales”. The reason is that there were 25 homes sold in Burlingame in November, versus 13 in October. Usually home sales decline as we enter the winter months, however November sales were well above normal activity. However, just as last month’s low sales did not…..
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Burlingame Real Estate Update October 2011 – Slow Month
As the seasons change from summer to fall, activity in the real estate market tends to decline, which is what’s happened in Burlingame. In October in Burlingame , there were 12 homes sold, down from 20 in the prior month, and down from an average of 25 homes per month from May to September. While…..
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Burlingame Real Estate Update September 2011 – Inventory Constrained
Inventory for sale is getting increasingly strained (continuing to frustrate many Burlingame home buyers), even by the normally tight standards in Burlingame. At the end of September 2011, there were less than 40 homes for sale in Burlingame. While we normally see inventory (and sales) start to decline as we move into the less active…..
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Ray Park Market Update August 2011 – Homes Move Quickly
Homes do not stay on the market for long in Ray Park. Days on market is a measure of how many days a home that sells stays on the market before it is sold. For all of San Mateo County, the average home that sells is on the market for about 50 days. Some are…..
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Burlingame Hills Market Update – August 2011 – Seller’s Advantage
Sellers have the advantage in the Burlingame neighborhood of Burlingame Hills, as compared to real estate markets for the region overall. There have been 15 single family homes sold through August, as compared to 22 at the same point last year. This decline has been driven by a lack of inventory, rather than lack of…..
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Mills Estates Market Update – August 2011 – Inventory Constrained
Inventory is very constrained in the Burlingame neighborhood of Mills Estates. There have been 16 single family homes sold through August, as compared to 11 at the same point last year. At the same time, new listings have declined from 27 in the first eight months of 2010 to only 14 so far in 2011……
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Burlingame Real Estate Update August 2011 – Strong Summer Continues
After a relatively slow start to the year, home sales continued to remain strong throughout the summer in Burlingame. There were 28 homes sold in August, which makes four straight months with at least 25 sales, which is the first time that has happened since 2005. Through the first eight months of the year, there have…..
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Easton Addition Market Update – August 2011 – Seller’s Market
All indicators are pointing to a seller’s market in Burlingame’s Easton Addition. There have been 32 single family homes sold through August, as compared to 45 at the same point last year. This decline has been driven by a lack of inventory, rather than lack of demand. The number of new listings is down more…..
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Burlingame Grove Market Update August 2011 – Low Inventory
There has been very little sales activity in Burlingame Grove in 2011. Year-to-date through August, there have been only four single family homes sold, as compared to 11 at the same point last year. Low sales activity is a product of low inventory on the market, rather than a lack of demand. For the entire year, there…..
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Burlingame Village Market Update August 2011 – No Recent Activity
There has been no recent activity in Burlingame Village since the last sale was May 2011. Year-to-date through August, there have been five single family homes sold, as compared to only two at the same point last year. Low sales activity is a product of low inventory on the market, rather than a lack of demand……
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Burlingame Terrace Market Update August 2011
There has not been a lot of activity in Burlingame Terrace in 2011. Year-to-date through August, there have been only four single family detached homes sold, as compared to 12 at the same point last year. Low sales activity is a product of low inventory on the market, rather than a lack of demand. Active…..
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Burlingame Market Update July 2011 – Strong Summer Selling Season
After a relatively slow start to the year, sales have picked up in recent months in Burlingame. There were 24 single family detached homes sold in July, and 82 in the May, June and July timeframe. Through the first seven months of the year, there have been 128 sales, up five percent from the…..
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Easton Addition Market Update – July 2011
Easton Addition Quarterly Market Review – 2011 Quarter 2 Sales Jump as Homes that Were Sitting on the Market Move Easton Addition Quick Market Check – 2011 Quarter 2 Category Value Trend Number of Sales 23 Sharp jump in recent months Average Days on Market 29 Down, homes moving fast Median Price $1,597,250 Steady, no…..
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Burlingame Real Estate Market Review – First Half of 2011
Market Firming, Sales Up, Inventory Down Overall market activity has definitely picked up in the first half of 2011 in Burlingame. Even with a slow first quarter, there were 104 homes sales in the January to June timeframe which was the most in that period since 2007. There was a noticeable increase in the second…..
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Burlingame Market Stats – April 2011
April 2011 was a strong month in Burlingame. Inventory — while typically low — was even lower than last year, with 76 homes on the market last year (40 of those were new listings in April 2010) compared to only 58 homes for sale this past month (33 new listings). Burlingame still recorded 15 closed…..
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