Ray Park Real Estate Update November 2011 - Low Activity

There has not been a lot of recent real estate activity in Ray Park in Burlingame. In the three month period from September to November 2011, there has been only two homes sold. For the year though, sales activity has been up sharply. Through the first eleven months of 2011, there have been 15 homes sold in Ray Park, versus 9 in the same period last year.

The recent lack of activity is part of normal fluctuations. Ray Park continues to be one of the most desirable neighborhoods in Burlingame. This is evidenced by how quickly homes sell in Ray Park. For all of San Mateo County, the average home that sells is on the market for about 55 days. Some are sold the day they are listed, others take much longer. For the city of Burlingame, the average home sells in closer to 40 days. In 2011 in Ray Park, the 15 homes that sold were on the market for an average of 17 days! Of course, not all homes sell this quickly (or sell at all) -- they have to be properly priced and marketed -- but there are definitely buyers out there waiting for the right Ray Park home to come onto the market.

Pricing appears to be strong in Ray Park. The average price per square foot in 2011 is up 5% from 2010.

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

By The Numbers - Ray Park Real Estate for November 2011

This article is copyrighted by Raziel Ungar and may not be reproduced or copied without express written permission.

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