2009
September 28

Burlingame and Hillsborough real estate market report

Phil Chen

The latest estimates show average property listings in Burlingame around $1.5 million. While this is in-line with the regions higher price points, a rise of about 5% in the average listing price (over the previous month) points to a positive sing towards recovery in the area. However, the median sales price of closed deals show a decline of about 4.5% down from the previous quarter, meaning that customers are very insistent about paying what they feel is a fair price and not a penny more. The number of Burlingame homes for sale listed in the area is 149, which is fairly abundant, meaning there is a supply of home for sale.  While this points at increasing customer awareness, it also shows that the post recession recovery, though in progress, still has a way to go.

 

Hillsborough is the home of high-flyers and thus, Hillsborough homes for sale show fairly higher listing prices. Prices generally start around $1.5 million but can go up to $3 million or even more. Presently, single family homes are most prevalent in the market. There are, however, a few listings of larger villa style homes with 4 or more bedrooms and bathrooms, notably in the golf course area. Prices for these are close to the upper echelon of $3 million. Presently, about 74 homes are listed in the area for sale. Again, the number shows that sales have been steady but slow.


Add a Comment

Leave a Comment

Name*
Email Help Tip
Website
Comment*
Characters Remaining: 5000
   

Archives

2009
October 19

Hillsborough and San Francisco Real Estate- the last word in high end real estate

San Mateo County, California, houses some of the best places to live in the United States. Possibly the most exclusive of these is Hillsborough. Situated about 27 kilometers away from the city of San ...

2009
October 19

Hillsborough Real Estate

Hillsborough is one of the wealthiest regions of United States. The sparse population and highest income and above all its proximity with San Francisco together have resulted in its great relevance ...

2009
October 08

Burlingame CA Real Estate Market Report

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 ...

2009
September 28

Burlingame Real Estate market survey

The price of an average real estate property in Burlingame ranges from nearly US$ 1.2 to US$ 1.5 million according to the latest review of the realty sector in Burlingame. The price is very much in ...

2009
September 07

Burlingame Real Estate

Burlingame real estate market was always exclusive in its own category. In nineties, affluent members of San Francisco used to purchase homes in this area for vacation purpose. However, the real ...

2009 Archives

Jan Feb Mar Apr
May Jun Jul Aug
Sep Oct Nov Dec

2008 Archives

Jan Feb Mar Apr
May Jun Jul Aug
Sep Oct Nov Dec

Full Archives