Burlingame Grove Real Estate Update November 2011 - Quiet Market

Raziel Ungar

December 12th, 2011 - 1 min read
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The real estate market in the Burlingame neighborhood of Burlingame Grove continues to be relatively quiet in 2011, as there have been very few transactions. In the second half of the year, only three homes have sold. Through the first eleven months of the year, there have been seven homes sold in Burlingame Grove, versus 14 through the same period last year.

 

The lack of sales activity has been driven by the fact that there have been very few homes listed on the market. Most of the homes that are being listed are selling, with very few expired or cancelled listings from properties that were unable to sell. Only eight homes have come on the market in 2011, versus 17 all of last year. Inventory is way down in 2011. At the end of November 2011, there were no homes for sale in Burlingame Grove. For the entire year, inventory at the end of the month has averaged just over one home. Last year, there was an average of five homes left unsold at the end of each month.

With little competition from other sellers in the neighborhood and solid buyer demand for recent listings, now may be a good window of opportunity for sellers in Burlingame Grove.

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

By The Numbers - Burlingame Grove Real Estate for November 2011

YTD Total or Average
Jan - Nov 2010 Jan - Nov 2011
Sales 14 7
Days on Market 50 54
Average Price $890,000 $1,015,571
Median Price $917,929 $1,181,571
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