Burlingame Grove Market Update August 2011 - Low Inventory

Raziel Ungar

September 11th, 2011 - 1 min read
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There has been very little sales activity in Burlingame Grove in 2011. Year-to-date through August, there have been only four single family homes sold, as compared to 11 at the same point last year. Low sales activity is a product of low inventory on the market, rather than a lack of demand. For the entire year, there have only been one to two homes left on the market for sale at the end of each month. In the early part of last summer, there were regularly seven to eight single family homes available for sale.

To learn more about this conveniently located neighborhood of Burlingame, and to view the most up-to-date current listings, click here. Burlingame Grove (sometimes referred to as Burlingame Gate) is within easy walking distance of the shops and restaurants on Broadway Avenue.

Recent Sales in Burlingame Grove

Address Recent Sale Beds Baths Square Feet Previous Sale Annual Change
1109 Grove Aug 2011 $905,000 3 2 1,330 Sep 1998 $515,000 4.5%
1321 Laguna May 2011 $1,298,000 3 2 1,907 Jun 2008 $870,000 14.7% Remodeled

By The Numbers - Burlingame Grove August 2011

YTD Total or Average
Jan - Aug 2010 Jan - Aug 2011
Sales 11 4
Days on Market 58 80
Average Price $871,455 $1,021,000
Median Price $900,454 $1,311,500

 

See below for all of the latest real estate market updates for August 2011:

San Mateo County (July 2011) Burlingame Hillsborough San Mateo San Carlos Burlingame neighborhoods (Burlingame Grove, Burlingame HillsBurlingame VillageEaston AdditionMills Estates, Ray ParkTerrace)

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