Easton Addition Real Estate Update January 2012

The Burlingame neighborhood of Easton Addition enjoyed a solid 2011 with steady prices and sales activity.

In the first month of 2012, there were three single family homes sold in Easton Addition, accounting for 1/3 of the homes sold in Burlingame. (For all of 2011, Easton Addition accounted for about 1/4 of the homes sold in Burlingame). Sales activity is typically low in January. In the last five years, January home sales have been between 5 and 0 homes sold.

Following the overall Burlingame trend, inventory is low by recent historical standards in Easton Addition. At the end of January 2012, there were six homes for sale in the neighborhood. Last year at that the same time, there were ten homes for sale, and in January 2010, there were 17 homes on the market. Less inventory means that each seller has less competition and can better grab the attention of prospective buyers.

Price levels appear to be steady in Easton Addition, which is one of the more expensive neighborhoods of Burlingame. Average and median selling values are in the $1.5 million range, though of course prices vary by home. The average selling price per square foot is around $650.

If you're interested in learning more about the Easton Addition real estate market, considering selling your home in Easton Addition, or thinking about moving to Easton Addition, please drop me a line and I'd love to connect with you.

By The Numbers - Easton Addition Real Estate for January 2012