October 2008 vs. October 2009

October 2008 vs. October 2009  [Coyote Point, Burlingame](http://www.flickr.com/photos/eob/2454397809/) I recently pulled data for a neighbor who is [evaluating](https://www.puregreenexpress.com/topicals.html) selling his Burlingame home.  It’s a bit of a mixed bag with trends but overall there is an improvement from October 2008. **Days on market is down slightly:**  **Median price is up:**  **Inventory is down:**  **Units sold has been on a consistent upward trend with the exception of August & October 2009.**  **There has been a steady up tic in buyer demand as of April of 2009 with properties going into contract at a 33% increase.** **** **Then we hit the expireds.  Wow!!  A 129% increase in expireds. Expireds include withdrawn and canceled listings as well.  I did a little more digging & pulled these properties in the MLS.  Pricing was a good cross section of Burlingame properties ranging from ~2,000,000 to the low of $779K for a bungalow on the east side. ** **Apparently there was a rather large group of sellers for the month of October who didn’t have realistic pricing in place, putting their overpriced property on market & letting it linger for up to 6 months before taking it off market.** **Who whee!!  We must have had a group of tired, frustrated agents who didn’t get paid at the end of the day (or more accurately at the end of 3-6 months). ** **** October had a sale high of $3,050,000 and a low of $525,000, which was a short sale in Lyon Hoag (east side)-a super cute 2br/1ba Craftsman Bungalow with no parking (it’s pretty rare to come across homes without parking in Burlingame unlike S.F.) and a small lot (3125sf vs. the average 5000sf).  It so reminded me of a San Francisco property. To wrap it up, Burlingame properties that are well priced & show well are selling within 30 days & sometimes within the first week with multiple offers. Posted by: Cheryl Bower, Realtor , GRI, ABR Cell 415.999.3450 [[email protected]](mailto:[email protected]) DRE #: 01505551 Follow Me on [](http://twitter.com/SFBungalow)[](http://www.facebook.com/cherylbower.sf#/pages/SF-Bungalow/131946637853?ref=ts)[](http://feeds2.feedburner.com/SfBungalow-reflectionsOnRealEstateEco-friendlyHomeImprovementsMore) S.F. Bungalow Blog [Heath Ceramics Sausalito, CA: Annual 20% off sale & open studio November 20-29](http://www.sfbungalow.com/2009/11/20/heath-ceramics-sausalito-ca-annual-20-off-sale-open-studio-november-20-29/) — @ [WiseStamp Signature](http://www.wisestamp.com/email-install). [Get it now](http://www.wisestamp.com/email-install) Posted in [Real Estate Market Updates & Reports](https://cherylbowerrealestate.com/category/sfrealestatemarketreportsbuyerssellers/) and tagged [burlingame market](https://cherylbowerrealestate.com/tag/burlingame-market/), [burlingame real estate](https://cherylbowerrealestate.com/tag/burlingame-real-estate/), [coyote point](https://cherylbowerrealestate.com/tag/coyote-point/), [lyon hoag](https://cherylbowerrealestate.com/tag/lyon-hoag/), [market trends](https://cherylbowerrealestate.com/tag/market-trends/), [short sale](https://cherylbowerrealestate.com/tag/short-sale/)