Mills Estates Real Estate Update November 2011 - Low Activity

Raziel Ungar

Raziel Ungar

December 12th, 2011 - 1 min read

There has not been a lot of recent activity in the Burlingame neighborhood of Mills Estates. In the three month period from September to November 2011, there was only one home sold. For the year, sales activity has been moderate. Through the first eleven months of 2011, there have been 18 homes sold in Mills Estates, versus 21 in the same period last year.

Sales have been constricted by a lack of new listings. For the year, there have been 15 fewer new homes listed than in 2010. Homes that are coming onto the market are selling quickly. The average days on market, which measures the average length of time between a homes listing date and the date it goes into contract has been 45 days in 2011, as compared to 62 days in 2010.

Fewer new listings and quicker sales of existing listings have kept inventory low. On average, there has been about 2 unsold homes on the market at the end of each month in 2011. In 2010, there were 6 unsold homes on the market on average at the end of each month.

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

By The Numbers - Mills Estates Real Estate for November 2011

YTD Total or Average
Jan - Nov 2010 Jan - Nov 2011
Sales 21 18
Days on Market 62 45
Average Price $1,182,190 $1,304,056
Median Price $1,184,952 $1,374,667
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