Dedicated to Empowering and Informing the Burlingame Community

Local realtor Raziel Ungar published his 2012 Market Review over the weekend.  It contained a bunch of interesting factoids about the local market including a neighborhood-by-neighborhood analysis of how many and for how much properties were sold.  I found these three 2012 factoids interesting

About 40% of homes sold under their final asking price (although typically not by much).  That apprears to have changed since last year as more over-asking offers are discussed.

Wells Fargo did nearly 3 in every 10 home loans in Burlingame, while First Republic Bank was second with about 1 in every 10 home loans.

Burlingables(near Washington Park and BHS) and Burlingame Grove (north of B'way between the train tracks and El Camino) topped the price-per-square foot at $708 and $706!  Perhaps high-speed rail hasn't penetrated the local mindset even now?

You can see the rest of it at Raziel's website here.

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2 responses to “Robust Real Estate”

  1. Joe

    The Times has a chart showing the May 2013 real estate figures of note. B’game’s median price was $1.433 million, up 39.7% on 38 transacted properties. Only Atherton, H’borough and Emerald Hills had higher median prices in May!

  2. Raziel Ungar is a well known Burlingame’s top Realtors. He featured on the front page of the Daily Journal, the local newspaper in the Burlingame and San.

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