Burlingame Terrace Real Estate Update November 2011 - Low Inventory

Raziel Ungar

December 12th, 2011 - 1 min read
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Sales activity is way down in the Burlingame neighborhood of Burlingame Terrace. Year-to-date through November, there have been eight homes sold, as compared to 20 homes sold at the same point last year. While sales are way down from 2010, they are right on pace with 2009. 2010 sales activity appears to have been a spike driven by more new listings and lower selling values. The average price per square foot in Burlingame Terrace was 12% lower in 2010 than 2009, but has been flat in 2011 at around $560 per square foot.

Homes that are selling are doing so faster than last year. The average home that sold in 2011 has done in 41 days, about two weeks faster than homes sold in 2010.

Inventory is currently very constrained in Burlingame Terrace. At the end of November 2011, there were no single family homes for sale. On average, there has been just under three homes for sale at the end of each month in 2011.

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

By The Numbers - Burlingame Terrace Real Estate for November 2011

YTD Total or Average
Jan - Nov 2010 Jan - Nov 2011
Sales 20 8
Days on Market 54 41
Average Price $968,400 $958,125
Median Price $1,010,750 $970,125
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