How’s the market doing? It’s a question we get often and one that doesn’t have a simple answer. It’s not necessarily good or bad, it depends. It depends on whether you want to buy, sell, invest, rent or are just curious to know if you home’s value has stopped dropping.
I thought it would be interesting to look at what’s going on in the foreclosure arena for our corner of the world. It’s looking like the clock is ticking for a lot of families and they will soon have to come to a hard reality about their housing needs. We aren’t seeing a ton of bank owned properties in the MLS yet, but the data here is telling us there are a lot of houses schedule for auction, where they become bank owned, and a lot receiving notices of default where the mortgage hasn’t been paid for several months.
It’s a Buyer’s Market and there are a lot of great properties for sale. In fact, as the year winds to an end, each one of these houses is truly on sale. People listing homes this time of the year want to sell and are willing to negotiate. Negotiation is the key word today. What the asking price is, isn’t generally what the selling price is.
The Burlingame market report is showing prices have declined, but this is something that usually happens at year end. We’re seeing a good selection of houses with 64 listings. These houses are staying on the market longer and prices are getting reduced the longer they’re there. If you find a great house, don’t expect it to languish as the really good ones go pretty fast. It’s a great time to buy with historically low interest rates but the banks are tough today and you must be able to qualify
Earlier this year, the California legislature passed a law that will be taking effect on July 1, 2011 concerning Carbon Monoxide Detectors. Yes, I know that’s 8 months off, but the next time you’re at one of the big box hardware stores or Costco, pick up the Carbon Monoxide/Smoke Detectors they sell and install them
Earlier this month San Bruno California became a household name because of the horrific PG&E gas explosion in the Crestmoor area of the city. We know there were 8 confirmed dead and many dealing with severe burns that are life altering. The people who lost their homes, and were fortunate also to escape with their lives, have lost everything.
Here’s a snapshot of what’s going on in the Burlingame CA real estate market today. You can tell a lot by the number of houses on the market, or in real estate-speak, the Inventory, then the number of days a house sits on the market. Burlingame isn’t at a high for this year because it’s the middle of the summer but it’s really up there with 84 houses for sale.
Yes, it’s been a while since I’ve updated what’s going on with Burlingame real estate. If you’ve been driving around town, you are definitely seeing a lot of for sale signs so there’s no shortage of houses to pick from if you’re interested in buying here. There are 86 homes on the market today.
Home Ownership Workshops (HOW) are a series of free web classes designed for First Time Home buyers to educate them on different aspects of the home buying process. The webinar will cover the following topics:
The Burlingame Elementary School District has announced that they have 2 schools with over 900 API State Performance Index scores and 4 with over 800 API State Performance Index scores. That’s fantastic Burlingame!! Add to that the 2009-2010 California Business Roundtable Honor Awards that all 5 of the elementary schools received and Burlingame has something huge to be proud of.
$1,749,500 -
2827 Hillside Dr
Burlingame
$879,000 -
209 Channing Rd
Burlingame
$1,295,000 -
1138 Douglas Av
Burlingame
$2,550,000 -
3066 Hillside Dr
Burlingame
$599,000 -
30 Lorton Av #205
Burlingame
$1,595,000 -
2673 Martinez Dr
Burlingame
$799,000 -
418 Dwight Rd
Burlingame
$999,950 -
1248 Capuchino Av
Burlingame
$1,295,000 -
1512 Ralston Av
Burlingame
$499,000 -
1532 Floribunda Av #3
Burlingame
$578,000 -
1110 Bayswater Av #105
Burlingame
$2,120,000 -
1506 Vancouver Av
Burlingame
$1,199,000 -
1785 Hunt Dr
Burlingame
$1,995,000 -
1612 Ralston Av
Burlingame
$699,000 -
1532 Barroilhet Av
Burlingame
$1,675,000 -
1407 Montero Av
Burlingame
$1,458,000 -
1551 Los Montes Dr
Burlingame
$1,158,888 -
1500 Alturas Dr
Burlingame
$1,298,000 -
2928 Hillside Dr
Burlingame
$2,800,000 -
16 Davis Ct
Burlingame
$439,000 -
1515 Floribunda Av #304
Burlingame
$249,000 -
777 Morrell Av #103
Burlingame
$1,949,000 -
10 Tiptoe Ln
Burlingame
$2,575,000 -
1116 Drake Av
Burlingame
$618,888 -
1493 Oak Grove Av
Burlingame
Real Estate was always an interest and an industry she wanted to migrate into, doing so in 2002, where she now works with her husband, Alex, helping people find the perfect home.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Listing information is deemed reliable, but not guaranteed. Listings last updated 2/12/12 6:12 AM PST.
Copyright 2012 MLSListings Inc. All rights reserved.
This IDX solution is (c) Diverse Solutions 2012.
Equal Housing Opportunity. Equal Opportunity Employer. ·