While it didn’t make the splash in 2020 that it made in 2019, when it recorded its first-ever $4 million sale, buyer-friendly Lyon Hoag spent 2020 nearly duplicating its 2019 market performance, solidifying itself as one of Burlingame’s most reachable entry-level neighborhoods. For the year, 19 homes sold in Lyon Hoag, tying it with Mills Estates as Burlingame’s second-most popular neighborhood.
Almost every relevant sales category recorded slight increases or decreases year-over-year in Lyon Hoag last year, except for two: absent any individual high-end sales, the average value of homes sold in Lyon Hoag fell 11% in 2020, to $2.057 million (median was static at $2 million). Conversely, the neighborhood’s average DOM fell 35% from 2019. Last year, Lyon Hoag homes were on the market an average of 16 days before finding buyers.
To view a detailed google map of the Lyon Hoag neighborhood, click here
The MLS area is 462.
- One of the most affordable neighborhoods in Burlingame
- Well manicured, with wider streets
- Homes vary in architectural style
- Walking distance to Burlingame Avenue, Washington Park, Washington Elementary School and city’s recreation center
Home Data per tax records
|Single Family Homes|
|1 Bedroom Homes||8|
|2 Bedroom Homes||208|
|3 Bedroom Homes||234|
|4 Bedroom Homes||98|
|5+ Bedroom Homes||25|
|Number of Sales||17|
|Percent List Price Received||101.8%|
|Median Sales Price||$2,010,000|
|Average Sale Price||$2,083,000|
|Lowest Sale Price||$1,350,000|
|Highest Sale Price||$2,900,000|
Burlingame Real Estate Market Review
Each year Raziel publishes this award-winning annual review of the Burlingame real estate market.