Burlingame Grove Real Estate - May 2012
No InventoryIn the first five months of 2012 there have been three homes sold in Burlingame Grove. Interestingly, all three transactions occurred in March. Those three homes sold for on average 5% more than their listing prices, as buyers bid above asking prices.
Sales activity is hampered by a lack of inventory. There have been only four listings so far in 2012. Due to a combination of sales and homes being taken off the market, there were no homes listed as for-sale in Burlingame Grove at the end of March 2012. The pattern of low inventory has been acute since the start of 2011. Over that time period, there has been on average less than two homes for sale at the end of each month. In the year prior, there were normally five or more homes for sale.
Burlingame Grove is sometimes referred to as Burlingame Gate.
Thinking of buying or selling a home in Burlingame Grove?If you're interested in learning more about the Burlingame Grove real estate market, considering selling your home in Burlingame Grove, or thinking about moving to Burlingame Grove, please drop me a line and I'd love to connect with you.
By The Numbers - Burlingame Grove Real Estate for May 2012
|Market Profile & Trends Overview||Month||LM||L3M||PYM||LY||YTD||PriorYTD||PriorYear|
|Median List Price of all Current Listings||$0|
|Average List Price of all Current Listings||$0|
|May Median Sales Price||$0||$750,000|
|May Average Sales Price||$0||$808,796|
|Total Properties Currently for Sale (Inventory)||0|
|May Number of Properties Sold||0||3|
|May Average Days on Market (Solds)||0||47|
|Asking Price per Square Foot (based on New Listings)||$0||$661|
|May Sold Price per Square Foot||$0||$623|
|May Month's Supply of Inventory||0.0||0.2|
|May Sale Price vs List Price Ratio||0.0%||103.3%|