The prices in real estate in Burlingame, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Burlingame has increased strongly during the last 6 months. In January, the average price per sq.feet was $690. In the following month the price per sq.feet increased considerably to $857. In the following two months the price per sq.feet has barely changed, going from $773.5 to $806 per sq.feet. The price per sq.feet has had a considerable increase of 304 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $789.75 to $2,397 during May, and June.
Based upon to the price in Burlingame (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $1,715,585. During February the price went through a considerable rise reaching $2,398,303. In the following two months the average price has remained the same with regard to the previous two months from $2,056,944 to $2,098,539. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $2,760,842 they are 37 % more affordable than the average price for Burlingame. The properties with the highest average price have 1 bedroom, Their price is 35 % more costly than the average. After that we have properties with 2 bedrooms priced at $2,331,854.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $726 / sq.feet, with an average $2,464 / sq.feet price in Burlingame. The properties with the highest average prices have 1 bedroom. They are 428 % more expensive than the average followed by properties with 2 bedrooms with a price at $8,330 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,760,842 it is 56 % cheaper than the average price in Burlingame. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $1,874,896 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $840 / sq.feet followed by "Condo" priced at $911 / sq.feet. "Duplex" is the most costly type of property with a $3,536 / sq.feet cost followed by "Commercial" with an average price of $2,410 / sq.feet.