As a Burlingame Real Estate agent, I would like to give you a summary of the market condition in the neighborhood of Burlingame Park for the month of October. For Burlingame Park, there have been 15 homes sold within the first ten months of 2011 while in the same period last year, 11 homes were sold.
Homes got sold faster this year as compared to last year. In the entire Burlingame area, the average homes that were sold throughout the first ten months did so in about 55 days. The 11 homes that were sold at the … (4 comments)
As a Burlingame real estate agent, I would like to give you a summary of the real estate market condition in Downtown Burlingame for the month of October. This update is particularly an assessment of the condo market in the area, inasmuch as we are focusing particularly on single family homes in other reviews. Downtown Burlingame area consists mainly of residential condos - often referred to as attached housing – and commercial businesses, with lesser single family homes. As compared to 17 condos that were sold through the first ten months last year in Downtown Burlingame, there were 16 … (0 comments)
As a Burlingame Realtor, I would also like to give you a summary of what transpired on San Mateo Park Real Estate for the month of October. For the first ten months of this year, sales in San Mateo Park went down to 23 from 30 homes at the same duration in the prior year. Instead of a lack of demand, home sales have been restrained by a lack of inventory. For this year, new listings declined by 23%.
In San Mateo Park, homes remain to sell fast. For the past few years, the average days … (0 comments)
Despite having low inventory, sales increased a little in San Mateo communities of Aragon, Baywood, and Baywood Knolls within the first ten months of 2011 from 46 homes in 2010 to 48 homes.
On the average, inventory of homes from 2010 through 2011 went down by 25%. As compared to 15 homes for sale in these communities at the end of October last year, there have been five homes for sale recorded for the same period this year. To measure the amount of supply in a market, one of the means is to measures the length of time … (0 comments)
Burlingame Gardens is considered as one of the most affordable communities of Burlingame City. Sales in the Burlingame community of Burlingame Gardens through the first ten months of this year went up from 7 homes in the same duration last year to 11 homes.
Even though the homes differ from each other, Burlingame Gardens’ average and median selling values are in the $800,000 range and selling values average for the entire City of Burlingame is in the $1,250,000 range. The size of homes dictates the difference in the price of homes. As compared to 2,100 square feet … (0 comments)
In San Mateo, low inventory of homes for sale stays for the month of October. There have been 126 homes for sale in San Mateo. This number may seem a lot but in reality, sales had gone down by about 60 homes from 186 homes in 2010. Although, for most of the year, inventory in 2011 is less than in 2011, the difference has only been significantly noticeable in the few months that passed – 5-10% fewer homes at the beginning of the year and 30% fewer homes in the past few months.
Activity in the real estate market is likely to slow down when seasons change from summer to fall and this occurrence has been observed in Burlingame. Sales In Burlingame for October have decreased from 20 in 2010 to 12 homes in 2011 and also down from the average of 25 homes every month from May to September period. The decline was a bit higher than the normal and the period of October 2011 has obtained one of the lowest sales as compared to the same month in previous years.
Thirty homes have been sold in San Carlos for the month of October. Sales – 247 homes - through the first ten months of the year have increased by 20% from 2010 and 20% from 2009. It is not surprising for San Carlos to have high sales because it is a pleasant place to live. It also has an excellent public elementary school system. All of San Carlos District’s elementary and middle schools got high scores in the 2010 Academic Performance Index (API), which determines the academic proficiency of schools. The district got an average score of 899, which … (0 comments)
Hillsborough is a relatively small market - with 100 to 150 sales per year. The trends in this area do not frequently change on a month-to-month basis. For October 2011, sales continue to remain steady, whereas both listings and inventory are low.
For each of the past five months, sales have decreased, but this is more likely due to the change in seasons - more sales have been recorded in summer and early fall than late fall and winter – rather than a change in the market. Last October, eight sales have been recorded. There have been … (0 comments)
In 2011, not much activity has been observed in the Tobin Clark Estate neighborhood of Hillsborough (Click here to view the Tobin Clark Estate area on a Hillsborough map). Seven single family detached homes have been sold within the first nine months of the year as compared to 12 homes at the same period last year. The low sales activity is not due to a lack of demand but may be attributed to the fact that it is a small neighborhood. At the end of September, there have been seven homes in the active inventory of single family homes, and only 15 … (0 comments)
Real estate market remains strong in San Mateo. In September 2011, a lot of sales have been recorded - there were 65 homes sold in San Mateo while only 41 homes closed escrow in September of last year. To find a more active September, we have to go back to 2005. There have been 454 homes sold within the first nine months of the year, which is a five percent increase from the same duration last year.
While sales have increased, the number of new listings has decreased. About eight percent fewer homes in San … (1 comments)
Real estate market in Redwood City generally remains steady. In September 2011, the number of homes sold is 45, which is not a normal figure for the month. There have been 401 homes sold within the first nine months of the year, which is a two percent increase from last year.
Through the first nine months of the year, there have been 401 homes sold, up by two percent from the same duration last year. Year-to-year total of sales doesn’t show any recent strong or weak points in terms of sales. As proof, sales this year have … (2 comments)
san mateo real estate: Hillsdale Shopping Center - Shop ‘Til You Drop
- 11/02/11 05:13 PM
Shop ’til You Drop…Plus More! The holiday season is fast approaching and it’s time again to make your holiday shopping list. One of the best places to shop is the Hillsdale Shopping Center. It houses the finest collection of department stores and specialty shops in the Bay Area which includes Macy’s and Sears, Nordstrom, and 120 other specialty stores and restaurants.
Image via Wikipedia (The Original Macy's Back in the Day)
The mall offers special promotions and events other than having great places to shop. Your children will surely enjoy the Lego promotions that will happen on November 9 and will continue … (0 comments)
Asking someone of their most favorite places to eat is like asking a father as to which among his children is his favorite. I’m often asked about my favorite places to eat in Burlingame; and yes, I do have favorites and here are some of them:
Breakfast Abodes
Copenhagen Bakery, my favorite bakery -in the world! - can be found just right in downtown Burlingame. Its founders, owners Ben, Ralf, and Shari Nielsen, established it more than thirty years ago. The buttery aroma and Danish ambience that welcome you upon entering the place are definitely hard to … (1 comments)
Is the glass half-empty or half-full? People see a half-filled glass of water from different perspectives. A pessimist sees it as half empty; an optimist sees it as half-full. But, a giving person sees the same glass and starts looking for a person who might be thirsty.
The holiday season is an opportune time of the year to count our blessings and get out of our comfort zones and start finding opportunities to bless others who might not be as affluent.
There are lots of opportunities to give in the Burlingame area. No endeavor will make you feel … (1 comments)
Constrained Inventory for sale, which frustrates most buyers, persists in Burlingame despite normal tight standard in the area. Homes for sale in Burlingame dropped below 40 at the end of September 2011. Although it is normal that inventory and even sales start to decline as we approach the less active fall and winter months, this occurrence is considered well below historical standards. For example, there were 68 homes on the market at the end of September and the number of homes on the market at this month has not been this low since 2004. The average … (2 comments)
In 2011, most areas in San Mateo are experiencing a boost in home sales. However, distinct declines have been observed in some cities of the mid-Peninsula, including Foster City, Redwood Shores, and Belmont, which means inventory is more limited.
Nine homes in Foster City closed escrow In September 2011. There were 86 homes sold within the first nine months of the year, which is an 8 percent decline from last year. But still, sales in 2011 are higher than in 2010 because sales have improved in recent months, from June through September. More sales have actually been reported … (0 comments)
san mateo real estate: September 2011 Upper Hillsborough Real Estate Market - Stable Market
- 10/26/11 03:22 PM
The sales in the Upper Hillsborough region of Hillsborough have been stable. In September 2011, sales went up to 42 single family homes from 41 homes sold at the same month of 2010. Inventory went down in the time that sales are flat. From 30 homes that were sold last year, sales decreased to 24 homes at the end of September. The average days on market (DOM), which is a measure of the length of time a home has stayed on the market from list date to sale date has remained flat. Average DOM was at 63 days in 2010 … (0 comments)
san mateo real estate: September 2011 San Carlos Real Estate Market Update - Low Inventory Remains
- 10/25/11 12:24 AM
San Carlos is a pleasant residential town to live. It boasts excellent public elementary school system. As proof, all San Carlos School District’s elementary and middle schools obtained high scores in the 2010 Academic Performance Index (API). API determines the academic proficiency of schools on different measures. San Carlos School District obtained a higher average score of 899 - with no school scoring below 870 - compared to Burlingame School District which scored an average of 891. Out of 1000, the average score statewide is 768. The inventory remains low despite the increase in the number of new … (0 comments)
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