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Brendan Aiello

Real Estate Report: Burlingame’s Active Listings Rise

Good Morning Readers!

Well,  I don’t really have anything new to report. As said the past few weeks, pending sales are considerably higher than the previous three years, we believe mostly because of lender delays either as a short sale, or approval of new financing.
 
However, one glaring satistic is the number of Active Listings in Burlingame.  Quite high for that community.  Typcially Burlingame, CA and Belmont, CA have approximately the same amount of inventory in each of the Statuses. This week that generalization is true for the Pendings and Solds.  But, the number of Actives in Burlingame are significantly higher than Belmont.

That’s my tidbit for this weeks real estate statistics. Enjoy!

Stats From: August 23rd, 2009 6:00AM

City

ACTIVE

High (List Price)

 

Median (List Price)

 

Low (List Price)

             
Belmont

39

$1,550,000

 

$949,500

 

$549,000

Burlingame

71

$3,395,000

 

$1,375,000

 

$514,900

Foster City

21

$1,550,000

 

$1,150,000

 

$798,000

Hillsborough

73

$12,999,000

 

$2,890,000

 

$1,350,000

Redwood Shores

20

$1,458,000

 

$1,098,500

 

$740,000

San Mateo

125

$2,695,000

 

$879,000

 

$379,000

 

 

         
Total

349

         
             
             
City

PENDING

High (List Price)

 

Median (List Price)

 

Low (List Price)

             
Belmont

27

$1,299,000

 

$830,000

 

$599,000

Burlingame

30

$2,599,000

 

$1,174,500

 

$599,000

Foster City

17

$1,499,000

 

$998,000

 

$798,000

Hillsborough

19

$5,475,000

 

$2,600,000

 

$889,900

Redwood Shores

6

$1,295,000

 

$889,469

 

$769,000

San Mateo

119

$1,785,990

 

$599,000

 

$375,000

             
Total

218

         
             
             
City (M.T.D C.O.E.)

SOLD

High (Sales Price)

 

Median (Sales Price)

 

Low (Sales Price)

 

 

         
Belmont

10

$1,340,000

 

$757,500

 

$575,000

Burlingame

11

$2,125,000

 

$1,120,000

 

$745,000

Foster City

9

$1,182,500

 

$1,080,000

 

$800,000

Hillsborough

4

$4,200,000

 

$2,175,000

 

$1,425,000

Redwood Shores

3

$980,000

 

$750,000

 

$680,000

San Mateo

25

$1,790,000

 

$785,000

 

$480,000

 

 

         
Total

62

         

Brendan's Peninsula Real Estate Market Statistics

 

 

 

 

 

 

 

 

 

Please remember to read our webpage disclaimer, that statistics and all other information on this webpage/blog is deemed reliable, but not independently verified or guaranteed.

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