Lyon-Hoag left its entry-level tag behind in 2021; neighborhood housing values soared — up to an average of $2.786 million ($2.6 million median) for an increase of 35% over 2020, and in May the neighborhood recorded its first $5 million sale (perhaps the first for any Burlingame neighborhood located east of El Camino), a 4,000 square-foot Tudor-style home on Clarendon Road. Even without that outlier Lyon-Hoag real estate was red-hot last year, with seven homes selling for more than $3 million and only four coming in at under $2 million. Of those four, three closed escrow between $1.9 and $2 million. Since 2017, property values in Lyon-Hoag have increased by 62% and during that time, price per square foot has increased only 17%, suggesting that the change in Lyon-Hoag is as much the type of homes being sold as it is demand for the neighborhood.
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||21|
|Percent List Price Received||106.7%|
|Median Sales Price||$2,600,000|
|Average Sale Price||$2,808,000|
|Lowest Sale Price||$1,662,000|
|Highest Sale Price||$5,000,000|
Burlingame Real Estate Market Review
Each year Raziel publishes this award-winning annual review of the Burlingame real estate market.