Burlingame Real Estate - The Wilkas Group » Burlingame market report

April 2011 Market Report: Burlingame CA

lenorewilkas — Tue, 10 May 2011 06:34:44 +0000

How’s the market? It’s getting HOT, HOT, HOT. There’s competition out there for homes, so what are you waiting for? The interest rates are at historic lows and, believe it or not, the banks are finally lending. What does this mean to Burlingame? With a high median price of $1.245 million it means there’s money out there for qualified buyers to move to The City of Trees and get out of the Fog of the City.

Here’s the snapshot of the market courtesy of our data source Altos Research first then a look at what’s gone on just in Burlingame since the first of the year.

I’m tracking the monthly stats of listings, pending sales and closed sales this year. Here’s what has been happening in Burlingame.

If you’re interested in buying in Burlingame, here’s what’s for sale. We are here to show any of these properties to you but you’ll need to contact us either by email or phone.

Showing properties 1 - 30 of 48. See more city of Burlingame real estate.
(all data current as of 5/24/2012)

$1,200,000 : 738 Linden Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,000 sq ft

Lot size: 8,624 sqft
$2,150,000 : 135 Valdeflores Dr, Burlingame

4 beds, 3 full, 2 part baths

Home size: 3,550 sq ft

Lot size: 9,976 sqft
$2,195,000 : 1005 Drake Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,168 sq ft

Lot size: 6,250 sqft
$1,349,000 : 516 Burlingame Av, Burlingame

3 beds, 2 full baths

Home size: 2,110 sq ft

Lot size: 5,000 sqft
$565,000 : 1210 Bellevue Av #207, Burlingame

2 beds, 2 full baths

Home size: 1,186 sq ft
$980,000 : 1016 Paloma Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 1,310 sq ft

Lot size: 5,750 sqft
$2,695,000 : 2202 Summit Dr, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,341 sq ft

Lot size: 2.66 ac
$1,717,000 : 1513 Sanchez Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,390 sq ft

Lot size: 7,050 sqft
$515,000 : 733 Fairfield Rd #1, Burlingame

2 beds, 2 full, 1 part baths

Home size: 1,205 sq ft
$1,050,000 : 1000 Park Av, Burlingame

3 beds, 2 full baths

Home size: 1,684 sq ft

Lot size: 5,400 sqft
$2,249,000 : 1537 Drake Av, Burlingame

4 beds, 4 full, 1 part baths

Home size: 2,940 sq ft

Lot size: 6,000 sqft
$1,749,000 : 2504 Easton Dr, Burlingame

4 beds, 3 full baths

Home size: 2,500 sq ft

Lot size: 6,000 sqft
$1,627,500 : 512 Primrose Rd #102, Burlingame

3 beds, 3 full baths

Home size: 2,434 sq ft
$1,428,000 : 23 Dwight Rd, Burlingame

4 beds, 2 full baths

Home size: 2,200 sq ft

Lot size: 4,960 sqft
$987,000 : 411 Bayswater Av, Burlingame

3 beds, 2 full baths

Home size: 1,585 sq ft

Lot size: 5,060 sqft
$739,000 : 737 Crossway Rd, Burlingame

2 beds, 1 full bath

Home size: 810 sq ft

Lot size: 3,000 sqft
$2,195,000 : 1257 Balboa Av, Burlingame

4 beds, 4 full, 1 part baths

Home size: 2,715 sq ft

Lot size: 6,000 sqft
$985,000 : 107 W Fey Dr, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,330 sq ft

Lot size: 17,767 sqft
$2,298,000 : 1037 Balboa Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 3,000 sq ft

Lot size: 6,000 sqft
$2,795,000 : 1526 Los Altos Dr, Burlingame

5 beds, 5 full, 1 part baths

Home size: 4,000 sq ft

Lot size: 8,320 sqft
$1,280,000 : 205 Howard Av, Burlingame

3 beds, 2 full baths

Home size: 1,520 sq ft

Lot size: 4,738 sqft
$2,950,000 : 3004 Hillside Dr, Burlingame

5 beds, 4 full, 1 part baths

Home size: 4,500 sq ft

Lot size: 11,250 sqft
$495,000 : 1821 Ogden Dr #1, Burlingame

2 beds, 2 full baths

Home size: 1,097 sq ft
$1,200,000 : 1435 Edgehill Dr, Burlingame

5 beds, 3 full baths

Home size: 1,780 sq ft

Lot size: 6,016 sqft
$1,900,000 : 1445 Cabrillo Av, Burlingame

4 beds, 2 full, 1 part baths

Home size: 2,480 sq ft

Lot size: 6,000 sqft
$1,100,000 : 1512 Ralston Av, Burlingame

3 beds, 1 full, 1 part baths

Home size: 1,990 sq ft

Lot size: 7,896 sqft
$1,598,800 : 1244 Bellevue Av #7, Burlingame

3 beds, 3 full baths

Home size: 2,396 sq ft
$1,149,000 : 23 El Quanito Wy, Burlingame

3 beds, 2 full baths

Home size: 1,620 sq ft

Lot size: 13,250 sqft
$2,395,000 : 1360 Columbus Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 2,975 sq ft

Lot size: 6,000 sqft
$1,845,000 : 1512 Floribunda Av #202, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,663 sq ft

Lot size: 15,000 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

How’s the Market in Burlingame CA 03.07.2011?

lenorewilkas — Tue, 08 Mar 2011 16:53:19 +0000

We’ve completed the second month of 2011 and the Peninsula real estate market is coming to life. Prices are beginning to rise and, believe it or not, loans are available out there for Burlingame buyers. One thing is for certain, the historic interest rates for mortgages will not last so if you are even thinking a tiny bit about moving up or down, or buying your first home, don’t wait. Interest will go up and your affordability index will go down accordingly.

Here’s what the market looks like with the number of homes listed in Burlingame this past month. I’ve included the data from January so you can compare. Keep watching and you’ll get the picture of the year as we progress along with these reports.

We didn’t see many closed escrows in February but I expect to see a lot of them in March. It is taking longer to close escrow today. We see most taking 45 days, even with stellar credit. Unless you’re paying all cash, expect it to take more time.

Here’s what’s currently for sale in Burlingame. If you want to see a property in person we’re here to take you and assist you with the purchase. If you’re a seller, we get amazing traction with these reports.

Showing properties 1 - 29 of 29. See more Burlingame Homes .
(all data current as of 5/24/2012)

$739,000 : 737 Crossway Rd, Burlingame

2 beds, 1 full bath

Home size: 810 sq ft

Lot size: 3,000 sqft
$749,000 : 812 Howard Av, Burlingame

2 beds, 1 full bath

Home size: 1,010 sq ft

Lot size: 5,250 sqft
$980,000 : 1016 Paloma Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 1,310 sq ft

Lot size: 5,750 sqft
$985,000 : 107 W Fey Dr, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,330 sq ft

Lot size: 17,767 sqft
$1,050,000 : 1000 Park Av, Burlingame

3 beds, 2 full baths

Home size: 1,684 sq ft

Lot size: 5,400 sqft
$1,100,000 : 1512 Ralston Av, Burlingame

3 beds, 1 full, 1 part baths

Home size: 1,990 sq ft

Lot size: 7,896 sqft
$1,149,000 : 23 El Quanito Wy, Burlingame

3 beds, 2 full baths

Home size: 1,620 sq ft

Lot size: 13,250 sqft
$1,195,000 : 1138 Douglas Av, Burlingame

3 beds, 2 full baths

Home size: 1,500 sq ft

Lot size: 5,544 sqft
$1,200,000 : 738 Linden Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,000 sq ft

Lot size: 8,624 sqft
$1,200,000 : 1435 Edgehill Dr, Burlingame

5 beds, 3 full baths

Home size: 1,780 sq ft

Lot size: 6,016 sqft
$1,295,000 : 1318 Edgehill Dr, Burlingame

4 beds, 3 full baths

Home size: 2,050 sq ft

Lot size: 7,200 sqft
$1,299,000 : 1530 La Mesa Dr, Burlingame

3 beds, 2 full baths

Home size: 1,640 sq ft

Lot size: 12,829 sqft
$1,350,000 : 1437 Balboa Av, Burlingame

2 beds, 1 full bath

Home size: 1,370 sq ft

Lot size: 6,000 sqft
$1,595,000 : 1513 Ralston Av, Burlingame

4 beds, 3 full baths

Home size: 3,100 sq ft

Lot size: 8,064 sqft
$1,699,000 : 141 Crescent Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,514 sq ft

Lot size: 7,535 sqft
$1,717,000 : 1513 Sanchez Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,390 sq ft

Lot size: 7,050 sqft
$1,749,000 : 2504 Easton Dr, Burlingame

4 beds, 3 full baths

Home size: 2,500 sq ft

Lot size: 6,000 sqft
$1,900,000 : 1445 Cabrillo Av, Burlingame

4 beds, 2 full, 1 part baths

Home size: 2,480 sq ft

Lot size: 6,000 sqft
$2,150,000 : 135 Valdeflores Dr, Burlingame

4 beds, 3 full, 2 part baths

Home size: 3,550 sq ft

Lot size: 9,976 sqft
$2,195,000 : 1005 Drake Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,168 sq ft

Lot size: 6,250 sqft
$2,195,000 : 1257 Balboa Av, Burlingame

4 beds, 4 full, 1 part baths

Home size: 2,715 sq ft

Lot size: 6,000 sqft
$2,249,000 : 1537 Drake Av, Burlingame

4 beds, 4 full, 1 part baths

Home size: 2,940 sq ft

Lot size: 6,000 sqft
$2,295,000 : 1032 Balboa Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,000 sq ft

Lot size: 6,000 sqft
$2,298,000 : 1037 Balboa Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 3,000 sq ft

Lot size: 6,000 sqft
$2,395,000 : 1360 Columbus Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 2,975 sq ft

Lot size: 6,000 sqft
$2,499,000 : 3066 Hillside Dr, Burlingame

4 beds, 4 full baths

Home size: 4,200 sq ft

Lot size: 10,640 sqft
$2,695,000 : 2202 Summit Dr, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,341 sq ft

Lot size: 2.66 ac
$2,800,000 : 16 Davis Ct, Burlingame

5 beds, 4 full baths

Home size: 5,000 sq ft

Lot size: 31,000 sqft
$2,950,000 : 3004 Hillside Dr, Burlingame

5 beds, 4 full, 1 part baths

Home size: 4,500 sq ft

Lot size: 11,250 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Market Comparisons 2010 v 2009: Burlingame, Hillsborough, San Mateo and Foster City CA

lenorewilkas — Wed, 15 Dec 2010 22:51:44 +0000

We are often asked “how’s the market doing?” when we see old clients. They’re curious about their own property values, and assume they’ve gone down substantially. Some time they’re right. Some times they’re wrong, they’re down but no where near the drop they thought. It depends. It depends on where they live. It depends on when they bought. It depends on many things.

Here’s a snapshot of the market over the past two years for our Four Cities. The charts are for Median Price versus Inventory for 2009 and 2010. It’s rather interesting to see this snapshot of how the market looked.

Here’s Burlingame. Median Price 2010 is in Black. Inventory 2010 is in Orange. Median Price 2009 is Green. Inventory 2009 is Blue. A picture is worth a thousand words and as you can see the 2010 inventory is a little higher than 2009 and the median price is down. This, friends, is a Burlingame Buyer’s Market.

Here’s Hillsborough. Colors are the same as Burlingame’s. 2010 Inventory is substantially higher than 2009 and median price has gone up, a little, but it’s higher than in 2009. What’s so fascinating about this chart is the dramatic drop in price that took place in 2009 versus 2010, where prices were somewhat stable. The big ticket homes in Hillsborough, the ones in the $10,000,000 and above range obviously weren’t sold within the past two years or the median price would have been affected. It’s a Buyer’s Market in Hillsborough California.

Here’s San Mateo. For comparison sake I’m only showing the single family homes. This is one interesting chart. San Mateo is the second largest city in San Mateo County. There are houses at the bottom of the price spectrum and houses as costly as many in Hillsborough. The Median Price in black for 2010 versus 2009 in green is dramatic and so is the inventory of houses for sale. In 2009, in blue, versus 2010, in orange. The selection of houses is large, and the price is down. It’s a Buyer’s Market in San Mateo.

Finally, let’s see Foster City. Like it’s sister cities, the Median Price was substantially lower in 2010 and Inventory substantially higher. It’s a Buyer’s Market in Foster City, too.

What you’re seeing are the actual market statistics for the four Mid-Peninsula we cover. 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.

11.23.10 – Market Report: Burlingame CA

lenorewilkas — Wed, 24 Nov 2010 09:52:54 +0000

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. If you want more information about any of the listings you see below please let us know.

7-day stats for Single Family properties in BURLINGAME, CA94010 as of November 19, 2010
Median List Price	$1,209,000	Average List Price	$1,357,945
Total Inventory	64	Price per Square Foot	$606
Average Home Size	2,202	Median Lot Size	6,469
Average # Beds	3.33	Average # Baths	2.48
Homes Absorbed	2	Newly Listed	3
Days on Market	99	Average Age	62

Median Price for homes in BURLINGAME, CA 94010 as of November 19, 2010 is $1,209,000

Inventory for homes in BURLINGAME, CA 94010 as of November 19, 2010 is 64

Average Days on Market for homes in BURLINGAME, CA 94010 as of November 19, 2010 is 99

Search Burlingame Listings Now!

Showing properties 1 - 20 of 29. See more Burlingame Homes .
(all data current as of 5/24/2012)

$739,000 : 737 Crossway Rd, Burlingame

2 beds, 1 full bath

Home size: 810 sq ft

Lot size: 3,000 sqft
$749,000 : 812 Howard Av, Burlingame

2 beds, 1 full bath

Home size: 1,010 sq ft

Lot size: 5,250 sqft
$980,000 : 1016 Paloma Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 1,310 sq ft

Lot size: 5,750 sqft
$985,000 : 107 W Fey Dr, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,330 sq ft

Lot size: 17,767 sqft
$1,050,000 : 1000 Park Av, Burlingame

3 beds, 2 full baths

Home size: 1,684 sq ft

Lot size: 5,400 sqft
$1,100,000 : 1512 Ralston Av, Burlingame

3 beds, 1 full, 1 part baths

Home size: 1,990 sq ft

Lot size: 7,896 sqft
$1,149,000 : 23 El Quanito Wy, Burlingame

3 beds, 2 full baths

Home size: 1,620 sq ft

Lot size: 13,250 sqft
$1,195,000 : 1138 Douglas Av, Burlingame

3 beds, 2 full baths

Home size: 1,500 sq ft

Lot size: 5,544 sqft
$1,200,000 : 738 Linden Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,000 sq ft

Lot size: 8,624 sqft
$1,200,000 : 1435 Edgehill Dr, Burlingame

5 beds, 3 full baths

Home size: 1,780 sq ft

Lot size: 6,016 sqft
$1,295,000 : 1318 Edgehill Dr, Burlingame

4 beds, 3 full baths

Home size: 2,050 sq ft

Lot size: 7,200 sqft
$1,299,000 : 1530 La Mesa Dr, Burlingame

3 beds, 2 full baths

Home size: 1,640 sq ft

Lot size: 12,829 sqft
$1,350,000 : 1437 Balboa Av, Burlingame

2 beds, 1 full bath

Home size: 1,370 sq ft

Lot size: 6,000 sqft
$1,595,000 : 1513 Ralston Av, Burlingame

4 beds, 3 full baths

Home size: 3,100 sq ft

Lot size: 8,064 sqft
$1,699,000 : 141 Crescent Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,514 sq ft

Lot size: 7,535 sqft
$1,717,000 : 1513 Sanchez Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,390 sq ft

Lot size: 7,050 sqft
$1,749,000 : 2504 Easton Dr, Burlingame

4 beds, 3 full baths

Home size: 2,500 sq ft

Lot size: 6,000 sqft
$1,900,000 : 1445 Cabrillo Av, Burlingame

4 beds, 2 full, 1 part baths

Home size: 2,480 sq ft

Lot size: 6,000 sqft
$2,150,000 : 135 Valdeflores Dr, Burlingame

4 beds, 3 full, 2 part baths

Home size: 3,550 sq ft

Lot size: 9,976 sqft
$2,195,000 : 1005 Drake Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,168 sq ft

Lot size: 6,250 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Burlingame Market Report – 08.02.10 – Burlingame CA

lenorewilkas — Mon, 02 Aug 2010 22:24:06 +0000

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.

Now let’s compare the Burlingame Inventory of houses for sale versus the Median Price. Remember, media price means the middle price, not the average price. It’s a great indicator of the real-time activity of a market. The Median Price is in orange the Inventory of houses is in black. We are definitely seeing prices receding from historic highs 3 years ago while inventory has climbed.

Now take a look at the Median Price for homes in Burlingame. Looking back one year we see the market bottomed in January 2010. This could have happened for any number of reasons, but probably because we see fewer homes on the market over the holidays and those that are for sale are there because they must be sold and prices reflect this. It’s also the best time to scoop up a bargain in real estate. This chart is showing both the 7 day Median Price, in black, and the 90 day Median Price in orange. First quarter 2010 was the time to find the great bargains out there. We’ve come up since then. One caution when looking at a chart like this is to be aware that a weekly statistic can be deceiving if there are only a few houses listed that week or sold that week. The 90 day picture is really a better snapshot of a market.

The Average Days on the market is another indicator of what’s going on. When we had a hot market in the mid- 2000′s, the average days on the market were short. Today it’s not, it’s around 75 days. Compared to the early part of 2010, it’s short, since we saw houses languish for several months before selling. We are really in a normal market for the number of days it’s taking to have a house sell. A normal market can take up to 90 days. This is the New Reality for Burlingame real estate.

The final chart for you is the Market Action Index, or MAI. This is data the Altos Research had developed to follow the quirks of the market between a Buyer’s Market and a Seller’s Market. They have set the divider of a Buyer’s Market and a Seller’s Market at 30. The closer the market gets to 30 the more balanced a market we have. Right now, Burlingame is at 17 and is still a strong Buyer’s Market. If you have the FICO score, money in the bank and have been pre-approved for a loan, you can find some great houses to choose from.

These charts are quick snapshots of the Burlingame market today. We have more in-depth information for our clients. If you want to see Burlingame homes, now’s a great time. Here are some of them below.

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Market Report for Burlingame, CA – 07.20.10

lenorewilkas — Wed, 21 Jul 2010 02:22:35 +0000

rliYes, 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. Prices are trending downward, as the average number of days they sit before going into contract is now 82, and half of all listings have seen price reductions. Burlingame is still a strong Buyer’s Market and there are lots of houses to pick from.

Prices range from a low of $499,998 (believe me you don’t want this one) to a high of $6,500,000. According to Altos Research, the median list price of all homes on the market last week was $1,237,500. Burlingame has fantastic public schools, a quaint downtown and charm galore. It’s a desirable town to live in and with interest rates at historic lows, a good time to consider if you can qualify for a loan. We would be happy to talk further with you about your real estate needs, just click to contact us button and we’ll respond.

Today I’m introducing Zillow’s take on Burlingame as additional data for you. I am always hearing clients talk about Zillow this and Zillow that. They are getting much better with their data but they are not 100% accurate and you should never use them as the gospel for home values. They are only as accurate as the last sale in the neighborhood you’re interested in, so if you’re looking for data, ask your Realtor. Alex and I are here for more in-depth information on the market and the house you’re considering. We know the markets, and the neighborhoods, and can provide the information you want and need to make an intelligent decision.

Here’s Zillow’s data.

Burlingame Zillow Home Value Index

Burlingame Home Values – Interactive chart

Showing properties 1 - 25 of 29. See more Burlingame Homes .
(all data current as of 5/24/2012)

$739,000 : 737 Crossway Rd, Burlingame

2 beds, 1 full bath

Home size: 810 sq ft

Lot size: 3,000 sqft

Year built: 1928
$749,000 : 812 Howard Av, Burlingame

2 beds, 1 full bath

Home size: 1,010 sq ft

Lot size: 5,250 sqft

Year built: 1926
$980,000 : 1016 Paloma Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 1,310 sq ft

Lot size: 5,750 sqft

Year built: 1925
$985,000 : 107 W Fey Dr, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,330 sq ft

Lot size: 17,767 sqft

Year built: 1965
$1,050,000 : 1000 Park Av, Burlingame

3 beds, 2 full baths

Home size: 1,684 sq ft

Lot size: 5,400 sqft

Year built: 1926
$1,100,000 : 1512 Ralston Av, Burlingame

3 beds, 1 full, 1 part baths

Home size: 1,990 sq ft

Lot size: 7,896 sqft

Year built: 1922
$1,149,000 : 23 El Quanito Wy, Burlingame

3 beds, 2 full baths

Home size: 1,620 sq ft

Lot size: 13,250 sqft

Year built: 1959
$1,195,000 : 1138 Douglas Av, Burlingame

3 beds, 2 full baths

Home size: 1,500 sq ft

Lot size: 5,544 sqft

Year built: 1914
$1,200,000 : 738 Linden Av, Burlingame

3 beds, 2 full, 1 part baths

Home size: 2,000 sq ft

Lot size: 8,624 sqft

Year built: 2012
$1,200,000 : 1435 Edgehill Dr, Burlingame

5 beds, 3 full baths

Home size: 1,780 sq ft

Lot size: 6,016 sqft

Year built: 1916
$1,295,000 : 1318 Edgehill Dr, Burlingame

4 beds, 3 full baths

Home size: 2,050 sq ft

Lot size: 7,200 sqft

Year built: 1917
$1,299,000 : 1530 La Mesa Dr, Burlingame

3 beds, 2 full baths

Home size: 1,640 sq ft

Lot size: 12,829 sqft

Year built: 1955
$1,350,000 : 1437 Balboa Av, Burlingame

2 beds, 1 full bath

Home size: 1,370 sq ft

Lot size: 6,000 sqft

Year built: 1924
$1,595,000 : 1513 Ralston Av, Burlingame

4 beds, 3 full baths

Home size: 3,100 sq ft

Lot size: 8,064 sqft

Year built: 1910
$1,699,000 : 141 Crescent Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,514 sq ft

Lot size: 7,535 sqft

Year built: 1925
$1,717,000 : 1513 Sanchez Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 2,390 sq ft

Lot size: 7,050 sqft

Year built: 1913
$1,749,000 : 2504 Easton Dr, Burlingame

4 beds, 3 full baths

Home size: 2,500 sq ft

Lot size: 6,000 sqft

Year built: 1933
$1,900,000 : 1445 Cabrillo Av, Burlingame

4 beds, 2 full, 1 part baths

Home size: 2,480 sq ft

Lot size: 6,000 sqft

Year built: 1924
$2,150,000 : 135 Valdeflores Dr, Burlingame

4 beds, 3 full, 2 part baths

Home size: 3,550 sq ft

Lot size: 9,976 sqft

Year built: 1954
$2,195,000 : 1005 Drake Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,168 sq ft

Lot size: 6,250 sqft

Year built: 1996
$2,195,000 : 1257 Balboa Av, Burlingame

4 beds, 4 full, 1 part baths

Home size: 2,715 sq ft

Lot size: 6,000 sqft

Year built: 2005
$2,249,000 : 1537 Drake Av, Burlingame

4 beds, 4 full, 1 part baths

Home size: 2,940 sq ft

Lot size: 6,000 sqft

Year built: 2009
$2,295,000 : 1032 Balboa Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 3,000 sq ft

Lot size: 6,000 sqft

Year built: 2012
$2,298,000 : 1037 Balboa Av, Burlingame

4 beds, 3 full, 1 part baths

Home size: 3,000 sq ft

Lot size: 6,000 sqft

Year built: 2012
$2,395,000 : 1360 Columbus Av, Burlingame

5 beds, 4 full, 1 part baths

Home size: 2,975 sq ft

Lot size: 6,000 sqft

Year built: 2012

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Market Report – 02.25.10 – Burlingame, CA

lenorewilkas — Thu, 25 Feb 2010 08:49:29 +0000

Last week Altos Research reported that the city of Burlingame, California had 61 properties listed for sale. That number has been steadily increasing each week so it’s a good time to find a house in Burlingame, if that’s your pleasure. There are currently 10 short sales, too. The Median priced house was $1,198,000 and we saw a price spread between the low of $529,900 to a high of $2,880,000. What you get for the Median house is 3 bedrooms and 3 baths, a house that’s about 66 years old, is just around 2200 square feet and that sits on a 6000 foot lot. You also get great schools and a beautiful community to live in.

Burlingame is a Buyer’s market and has been one for a long time. This week saw a large number of new listings come out, something we haven’t seen in a long while. There were 2 houses close escrow last week, and there are currently 23 houses in various levels of pending sale. The market has heated up now that loans are available at this price level. The overall price trend has been down from last year but we are still looking at the low million dollar range for a median sized house in Burlingame.

Now that we are in a Spring market, prices will likely move up as demand increases. Will some of these houses that are currently on the market be short sales if they don’t sell? It’s hard to tell right now. My lender’s are seeing many people upside down in their mortgages, and Burlingame likely has their fair share of these people. Whether one sells or holds out depends on the individual’s circumstances. If they have an ARM resetting now, it’s resetting low so that can buy them a year if they’re employed. But, if they’re among the huge number of people laid off, they will have no choice but to sell.

The question I am always being asked is “How’s the Market?” and if you look at the chart above you can see a snapshot of the Burlingame market from 2005 to today and clearly see the bubble. A market that is balanced sits at 30. A market above is a Seller’s market and below is a Buyer’s market. Clearly that’s where we sit today, in a Buyer’s market and with 61 houses to choose from, you should in theory find a good home.

The Wilkas Group is here to assist you in finding that house and turning it into your home. You can find us by clicking on the “Contact Us” button on the left. We’re here to help.

For more recent market data about Burlingame take a look at here.

Where’s the Market Trending? Burlingame CA – 02.11.10

lenorewilkas — Fri, 12 Feb 2010 00:30:44 +0000

My friends at Altos Research have built a new toy for their subscribers to use to show how the market is now trending with the Median Price versus the inventory of unsold homes. For my first use of this I’m offering you the Burlingame market, and you can play with the chart to see how the data changes. You can click anything between 1 month and multiple years. It’s a fascinating way to look at this data.

To see it in action you must click on the numbers just above the chart. Have fun playing with this.

The Wilkas Group is here to help you with all of your real estate needs in Burlingame. We can provide more in-depth real estate data for you but you need to ask us. Click on the button above left to request it. The tab at the top of the page will give you updates as well. I’ll be showing the same thing for Hillsborough, San Mateo and Foster City soon.

1.16.10 Current Real Estate Market Conditions: Burlingame CA

lenorewilkas — Fri, 15 Jan 2010 19:19:45 +0000

7-day stats for Single Family properties in BURLINGAME, CA94010 as of January 8, 2010
Median List Price	$1,172,500	Average List Price	$1,332,539
Total Inventory	50	Price per Square Foot	$574
Average Home Size	2,100	Median Lot Size	6,000
Average # Beds	3.30	Average # Baths	2.74
Homes Absorbed	11	Newly Listed	8
Days on Market	136	Average Age	67

Median Price for homes in BURLINGAME, CA 94010 as of January 8, 2010 is $1,172,500	Inventory for homes in BURLINGAME, CA 94010 as of January 8, 2010 is 50
Average Days on Market for homes in BURLINGAME, CA 94010 as of January 8, 2010 is 136	Median Market Action Index for homes in BURLINGAME, CA 94010 as of January 8, 2010 is 25.87

Year-end Look at Burlingame CA Market

lenorewilkas — Fri, 01 Jan 2010 05:52:07 +0000

During 2009, Burlingame’s market was down all year but not dramatically so. Because Burlingame is a high-end market, it was really struggling the first half of the year with of the difficulty for buyer’s to get loans. Unless you had cash you had a hard time finding a lender who would write a jumbo-jumbo loan. As the chart shows below, you can see when this changed in May, and by July we saw the market heat up with 23 sales. The same number sold in September, too. But don’t get too excited about this because there are still many more houses for sale then selling making Burlingame a Buyer’s market.

Looking at the numbers you can see the Median price of the houses for sale is still higher than the median sold price. Seller’s are just not ready to accept that prices have dropped so we are seeing listings with prices higher then we’d expect, but this is Burlingame and people want to live in Burlingame for it’s schools, location and charm. We expect to see short sales and REO’s to come in 2010 in Burlingame and if you’re hoping to buy or need to sell because of this, then you need an agent who is experienced in this kind of sale. The Wilkas Group is trained and has had experience with both short sales and bank owned sales. Do not use an agent who will learn on your transaction. There are too many issues that come up during the escrow to allow a person learning the system. Use an expert like the Wilkas Group.