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Health & Fitness

Homes in Burlingame are Selling Faster and for More Money Now Than a Year Ago

Happy New Year to all those who celebrated the Lunar New Year on February 10th!

Happy New Year to all those who celebrated the Lunar New Year on February 10th!

We may be sounding like a redundant record at this point, but the same mantra continues to hold true: homes in Burlingame are selling faster and for more money now than a year ago and the trend appears to be gaining momentum. 

On any given Sunday, a visit to your neighborhood open house will liken your experience to a ride at Disneyland.  Home buyers are literally lined up to visit a home before it opens at 1pm and a not uncommon question posed to the agent hosting the open home is “When will offers be heard?”.

Find out what's happening in Burlingame-Hillsboroughwith free, real-time updates from Patch.

In January, 11 new single family homes came on the market in Burlingame.  Of these, 6 went into contract in the same month

When comparing year over year sold data in Burlingame, we can see continued strength in our housing market. In January 2013, 10 properties closed compared to 9 in January 2012. The sales volume was also up year over year to $16,307,000 from $11,424,000 in January 2012. The average cost per square foot increased to $691 from $617, while the average days on market decreased from 42 days to 32 days in the same year over year comparison.

Find out what's happening in Burlingame-Hillsboroughwith free, real-time updates from Patch.

For a list of homes that came on the market in January, and to see which of them have already sold, check out my blog. I will also have a new market report in a few weeks with February data as it comes available.

Here’s to continued real estate success in Burlingame in 2013!

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