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By Lenore Wilkas - 20 Feb 13

Market Report: Burlingame CA – February 2013

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If you’re in the market to buy a Burlingame home you are well aware of what’s going on in the Burlingame market.  We don’t have enough homes for you to choose from and because of this, you’re in a multiple offer situation. It’s not a fun place to be, you don’t get the time to think about the largest purchase of your life, research the property history or have any kind of contingency.  In short, it’s a Sellers Market.  Here are the latest stats on the Burlingame real estate market.  In short, there are few new homes on the market and prices have jumped up.

Believe it or not, this is not a healthy market.  We want to have more homes for sale with prices that are fair and allow the buyer to take time to select a home and investigate it.  We don’t like markets that have multiple offers that feel like a lottery with upward of 50+ competitors.  It’s not fair to either the buyer or the seller.  Really.

If you are thinking about moving and selling your home this is the time to do it.  We can help you whether you’re downsizing, or transferring out of the area with a huge network of agents across the country.  Would you like a free property analysis?  Please call us or email us with your request and we’ll be happy to talk with you about your options.  Some times, waiting is the best answer. Some times it’s not.  Let’s talk.

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Listing information deemed reliable but not guaranteed ©2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License #01908304.

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