Market Report for Burlingame, CA – 07.20.10

rliBurlingame CA 7.20.10Yes, 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

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