Why Are Sales Picking Up in Easton Addition Real Estate?

Over the decades, Burlingame real estate is among the few that has carried on its timeless elegance and gracious charm. Burlingame real estates' two main shopping areas, Burlingame Avenue and Broadway, are a favorite among families and attract a wide variety of consumers. Burlingame is an excellent neighborhood where one can choose to start a family or retire later in life.

One of the neighborhoods in Burlingame real estate is Easton Addition. There have been 10 homes sold in this area for the month if November this year. It has been the second time for Easton Addition to have double digit sales in a single month for the four years that had passed. As the winter months approach, the selling activity in Easton Addition normally goes down and this is why the double digit sales that took place was beyond normal. The home sales have been picking up in the last six months succeeding a slow start to the year.

Fifty-five homes have been sold in Easton Addition through the first 11 months of this year - slightly low as compared to 59 homes that have been sold at the same period in 2010.

By the end of November this year, there were seven homes for sale in the Burlingame real estate area of Easton Addition. The sales activity in the area has been affected by a lack of available inventory. At the end of every month this year, the average number of homes for sale has been 11 homes and no more than 13 homes at any same time. The average number of homes for sale at the end of each month last year was 16 homes. At the end of each month for the first six months of the year, there have been 17 unsold homes. Fewer inventories indicate that there is less competition among sellers and better chance to attract prospect buyers.

The price levels remain steady in Easton Addition and this is attributed to the neighborhood's reputation of being one of the more expensive areas of Burlingame real estate.

The average home being sold in Easton Estate is 2,400 square feet, as compared to the average 2,100 square feet home being sold in the entire Burlingame real estate. For the price per square foot, the average in Easton Addition is around $640 while $600 is the average for the entire Burlingame real estate. The average and median selling prices, with larger homes and higher prices per square foot, are about $300,000 higher in Easton Addition as compared again to the entire Burlingame area.