Burlingame Hills Real Estate Update January 2012
Sales dipped in 2011 in Burlingame Hills to 22, from 29 transactions in 2010. In the first months of 2012, there was one home sold (and it had been on the market for awhile, over half a year). The beginning of the year is typically a slow period for real estate transactions, so we will have to wait and see what the trends will be in Burlingame Hills.
What does this all mean? If you are a seller in the Burlingame Hills neighborhood, marketing your property well and strategically pricing is more important than in normal markets. As a buyer, consider putting in an offer below asking price, especially for homes that have been on the market for some time. However, like all parts of Burlingame, well-priced attractive homes continue to sell quickly.
If you're interested in learning more about the Burlingame Hills real estate market, considering selling your home in Burlingame Hills, or thinking about moving to Burlingame Hills, please drop me a line and I'd love to connect with you.
By The Numbers - Burlingame Hills Real Estate for January 2012
|Current Month||Last Year Total or Average|
|January 2011||January 2012||2010||2011|
|Days on Market||54||230||59||47|