Easton Addition Real Estate - August 2012
Firm PricingPrices appear to be rising in the Easton Addition, one of the most prestigious neighborhoods in Burlingame. The chart below shows the 12 month moving average selling values for average prices, median prices and average price per square foot. The large jump in the middle of 2011 is somewhat illusory and was due to a few months where there were not many home sales, but those that did sell were larger expensive homes. A better way to think about the price trend would be to draw a straight line from August 2010 on the very far left to August 2012 on the very far right. The line is clearly upwards, suggesting that prices are rising.
Another anecdotal evidence of rising prices is that in three of the last four months, the average price per square foot has been above $700 (and in the fourth month it was $693). Prior to that, there had not been a single month above $700 since June 2010, and two consecutive months above $700 since the middle of 2009.
By The Numbers - Easton Addition Real Estate for 2012
|Current Month||YTD Total or Average|
|August 2011||August 2012||Jan - Aug 2011||Jan - Aug 2012|
|Days on Market||188||40||46||35|
|Avg $ per Sq Ft||$694||$705||$649||$684|
Thinking of buying or selling a home in Easton Addition?
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.