Downtown Burlingame Real Estate Update January 2012

Raziel Ungar

February 20th, 2012 - 1 min read
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The Downtown Burlingame neighborhood is composed largely of commercial businesses and residential condos (often referred to as attached housing), with fewer single family homes. This update is a review of specifically the condo market in the neighborhood, whereas in other reviews we are focusing solely on the single family homes.

Sales have been holding steady at around 20 per year for the past four years. One residence sold in January 2012 for $530,000. It sold quickly, in 15 days, for just under the asking price.

Inventory levels have moderated over the past 24 months. At the end of January 2010, there were 13 units for sale. By January 2011, the number had declined to seven units and in the latest January, there were five units for sale.

Price levels vary dramatically based on the type and size of property in Downtown Burlingame. For buyers looking to enter the Burlingame market at a lower price point, the neighborhood offers attractive options.  Units regularly sell in the $300-$400 price per square foot range, as compared to the normally $500 and up for most single family homes in Burlingame.

One of the biggest benefits of owning a condo in the Downtown Burlingame area (or renting an apartment, for that matter) is the close proximity to Burlingame Avenue...it's only a few minute stroll from practically anywhere in the whole neighborhood.

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

By The Numbers - Downtown Burlingame Real Estate for January 2012

Current Month Last Year Total or Average
January 2011 January 2012 2010 2011
Sales 0 1 20 20
Days on Market N/A 15 72 57
Average Price N/A $530,000 $581,850 $686,900
Median Price N/A $530,000 $663,800 $732,150
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