Market Report: Burlingame CA – February 2013
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.
|90-day stats for Single Family properties in|
BURLINGAME, CA 94010 as of May 17, 2013
|Median List Price:||$1,610,885||Average List Price:||$1,808,258|
|Total Inventory:||37||Price per Square Foot:||$708|
|Average Home Size:||2,370||Median Lot Size:||6,791|
|Average # Beds:||3.68||Average # Baths:||2.77|
|Homes Absorbed:||6||Newly Listed:||7|
|Days on Market:||86||Average Age:||60|
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.