Hillsborough, Burlingame Luxury Homes Real Estate

Burlingame Park, the charming neighborhood west of El Camino and a short walk to downtown Burlingame, has some of the prettiest houses in the city.  Sitting next to Hillsborough and San Mateo Park, these homes are stately, generally more than 60 years old, and full of character.

For Sale this week:

• $1,635,000 - on the market for 102 days - 3 bedrooms & 2 baths at 2620 square feet - 87 years old - Price reduced from $1,695,000
  
• $1,698,000 - on the market for 59 days - 3 bedrooms & 2 1/2 baths at 2620 square feet - 96 years old - no price reduction
  
• $2,150,000 - on the market for 25 days - 3 bedrooms & 2 1/2 baths at 2620 square feet - 83 years old - Price reduced from $2,275,000
  
• $2,325,000 - on the market for 24 days - 5 bedrooms & 4 baths at 3200 square feel - 5 years  old - Price reduced from $2,458,000
  
• $2,398,000 - on the market for 64 days - 5 bedrooms & 3 1/2 baths at 3066 square feet - 68 years old - Price reduced from $2,498,000
  
• $2,595,000 - on the market for 27 days - 5 bedrooms and 3 1/2 baths at 3530 square feet - 80 years old - Price reduced from $2,695,000
  

Pending Sale this week:

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The Lyon and Hoag area of Burlingame sits immediately north of Peninsula Avenue between North Humboldt and California Drive and south side of Burlingame Avenue.  This development by built by builders who were developing homes in Burlingame and San Carlos in the 1930's.  The homes are older, averaging about 70 years old, smaller and full of character.  The homes are near Washington Park, Burlingame High School and an easy walk downtown.

For Sale this week:

• $848,000 - on the market for 122 days - 2 bedrooms and 1 bath - 1170 square feet and 78 years old
• $859,950 - on the market for 56 days - 2 bedrooms and 2 baths - 1350 square feet and 90 years old

Pending but continue to Show:

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Last week Hillsborough had 46 homes for sale and saw 4 houses close escrow.  With a median priced home hovering around $4 Million dollars that's quite a few homes for people with means to choose from.  The lowest priced home in Hillsborough is $1,850,000 and the highest is $18,000,000.  Obviously, there is quite a difference between these two properties both in size and amount of land.  Hillsborough is known for its fabulous schools, privacy, and lovely tree filled hillsides and some great views of the bay.  It's the home to some serious movers and shakers of Fortune 500 companies and is considered "the" move-up place to be by many around here.

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Last week, Belmont had 62 homes on the market averaging 67 days.  8 homes went off market, 1 sold, and 7 were either cancelled or withdrawn according to Altos Research.  Altos tabulates both homes on the MLS and those for sale by owner.  The MLS numbers are slightly different with 55 active homes as of this writing and 28 homes pending sale.  We're finally seeing more inventory but prices are still high.  The Median priced home was $1,004,500 and the average price was slightly higher at $1,066,713.  The most expensive house for sale in Belmont is at $2,500,000 and the least expensive house is $589,900.  Prices are showing some weakening with 42% of the listings seeing a price decrease, and 77% had listings renewed for sale.

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This Sunday, downtown Burlingame will turn into a bicycle raceway, when the 5th annual Ryan Phua Criterium takes place, so beware.  Parking will be tight.  Streets will be closed and it will be a great day to bring the family and watch the fun.  Starting at the intersection of Burlingame Avenue and Lorton Avenue, the 7/10 of a mile race is serious business and the bicycles are moving fast.  Crossing the street when they're coming down the raceway is dangerous and won't be allowed, so plan accordingly.

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