For conveniently located Burlingame Terrace, 2021 is a lesson in why average and median prices don’t always tell the entire story. At first glance it seems that this traditionally entry-level neighborhood “missed out” on the 2021 madness; average and median prices fell by 2%, to $2.49 and $2.375, respectively. Every other data point, however, shows a neighborhood very much in demand. Overall sales doubled, to 23; average DOM fell by 21%, to 18. Sale price to list price rose 11% to 110.8, second-highest among Burlingame neighborhoods and price per square foot zoomed up 23%, to $1,405. In 2020, prices soared when a few sales of large, high-end homes — outliers in this neighborhood — skewed overall data; in 2021, they stayed high not because of outlier sales but because of demand.
To view a detailed google map of the Burlingame Terrace neighborhood, click here. The MLS area is 465.
Perfectly situated between Burlingame Ave and Broadway
Older homes with character
Lower tree density than Burlingables or Easton Addition, but still gorgeous
Home Data per tax records
|Single Family Homes|
|1 Bedroom Homes||4|
|2 Bedroom Homes||190|
|3 Bedroom Homes||194|
|4 Bedroom Homes||58|
|5+ Bedroom Homes||17|
|Number of Sales||20|
|Percent List Price Received||111.2%|
|Median Sales Price||$2,388,000|
|Average Sale Price||$2,465,000|
|Lowest Sale Price||$1,550,000|
|Highest Sale Price||$4,361,000|
Burlingame Real Estate Market Review
Each year Raziel publishes this award-winning annual review of the Burlingame real estate market.