The global recession has had an adverse effect on real estate all over the world. Its impact has been more severe in the United States which witnessed an alarmingly high rate of foreclosures and a drastic price reductions all over the country. Recently, the market has recovered from the lows and is showing improvement.

A look at the statistics of the Homes for sale in Burlingame reveals that Burlingame real estate is priced at a premium to many parts of the Bay Area.  The median price for homes for sale in Burlingame, CA between September 2009 and October 2009 was $ 1,349,000.  This figure shows an increase of 2.6 percent in similar home values in October from September 2009. This was based on the sale of 153 homes. However, the statistics also point out that there were 54 foreclosures, in the months of September 2009 and October, 2009 with a median price of $753,192 with a price change of  -1.5%.

The price of real estate in Burlingame CA differs from one area or street to the other.  For instance, a cost of a two bedroom home on 1515 Carol Avenue is $949,000 and the cost of a similar home on Bernal Avenue is $2,325,000 for the week of October 5, 2009.

The price indexes show an improvement in the real estate market in Burlingame, CA.