It’s official! Ground breaking happened yesterday, February 13, at Burlingame Point, the largest development project in the San Francisco Peninsula. A wonderful article by The Registry reports that this modern corporate campus, focusing on science and technology, will boost innovation in the Peninsula. The site is at 300 Airport Boulevard, Burlingame just north of Coyote Point and Peninsula Avenue on the east side of Highway 101. From what I see on the website, www.burlingamepoint.com, there is no housing planned there, just office space and hotel plus fitness center, day care, etc.
Burlingame Point Property Highlights: (taken from burlingamepoint.com)
More information about the development can be found at the Burlingame Point website, so make sure to check it out!
A project that’s this grand in scale will certainly affect our local real estate market. Contact me if you’d like to know more about what this means for Burlingame and let’s talk.
Hillsborough, California Real Estate at a Glance
A Look Back at 2016
Hillsborough reached another record high average price in 2016 with a 1% increase to $4,474,333. Since the economic downturn, Hillsborough home prices have increased 70% from the low in 2011. The median price (half of the homes sold below this price and half sold above) was down yet still reached $3,900,000. There were 4 sales in excess of $10 million (compared to none in 2015) and there continued to be no sales for less than $2 million.
Demand was clearly strong with 27% of the homes selling for more than list price and 50% selling in 19 days or less. Some homes though, 16%, required a price reduction prior to selling.
The price per square foot also reached a record high at $1,050. This represents a 54% increase since the low in 2010 following the recession.
Outlook for 2017 in Hillsborough, California
2017 is a year of change with a new administration and interest rates already rising. It is too early to tell how this will impact our real estate market. The financial markets continue to rise, which bodes well for our real estate market and the few number of homes available for sale favors sellers. Getting your home on the market now before the typical spring market heats up is key in taking advantage of this record-breaking market.
There are currently just 17 homes for sale in Hillsborough and 8 of these have been on the market for 6 months or more. With proper preparation of your home and outstanding marketing, including social media, your home should sell very quickly.
If you are interviewing Realtors, please contact me. My sellers in Hillsborough have all received top dollar very quickly. To get my full report, contact me.
IT’S ALMOST TIME FOR REGISTRATION FOR THE 2016-17 ELEMENTARY SCHOOL YEAR IN BURLINGAME; ARE YOU READY?
District-wide and school-specific issues
Transitional Kindergarten and Kindergarten Registration
Spanish Elementary Immersion Program
Technology in the classrooms
Opportunities for parent involvement, and more!
This event is open to the public so bring your spouses and neighbors! This panel is especially helpful for incoming Kindergarten or Transitional Kindergarten parents. However, the topics are also applicable for new Burlingame residents who plan to send their children to public school as well as parents of children currently enrolled. It is the only time all year this knowledgeable group of school district staff and community members assembles to address our community! Adults only please.
Event Details & RSVP
What: Annual Burlingame Elementary School District Information Night
Who: Burlingame Mothers’ Club
When: Thu Jan 26, 2017, 7-9 pm PST
Where: Burlingame Recreation Center
850 Burlingame Ave. Burlingame, CA 94010
Schools participating in the registration can be found here:
|Carlmont Parents Nursery School||Belmont|
|St Paul’s Nursery School||Burlingame|
|Little Laughs Early Learning Program||Burlingame|
|UMC Cooperative Nursery School||Burlingame|
|First Presbyterian Church Preschool||Burlingame|
|Trinity Lutheran Preschool||Burlingame|
|Busy Doodle Bugs Early Learning Program||Burlingame|
|A Child’s Way||Burlingame|
|Mi Escuelita en EspaÃ±ol||Daly City|
|Peninsula Jewish Community Center||Foster City|
|The Nueva School||Hillsborough|
|Alto International School||Menlo Park|
|Glen Oaks Montessori||Millbrae|
|Woodland School||Portola Valley|
|Weingarten Children’s Center||Redwood City|
|Community Gatepath||Redwood City|
|Family Connections||Redwood City|
|Stratford School||San Bruno|
|Welcome Amigos||San Mateo|
|A+ Immersion Preschool||San Mateo|
|St. Matthews Day School||San Mateo|
|Pacific Rim International School||San Mateo|
|Bayview Montessori||San Mateo|
|Kinder Academy Montessori||San Mateo|
|Gazelle Creative Learning School||San Mateo|
|Papillon Preschool managed by Bright Horizons||San Mateo|
|Bright Beginnings Montessori Preschool||San Mateo|
|Sonrisas Spanish Immersion Program||San Mateo|
|Little Wonders||San Mateo|
|Mon Petit Village French Preschool||San Mateo|
|City of San Mateo||San Mateo|
|Bunker Hill Parent Participation Nursery School||San Mateo|
|San Mateo Parents’ Nursery School||San Mateo|
|Let’s Play in Spanish Preschool||South SF|
There are some great events happening now through February 4 for kids of all ages, including Lunar New Year celebrations. Check these out and check back here often for more updates. Enjoy!
Jan. 26 – Walkin’ Tots, 10:15am & 11:15am each Wednesday at San Mateo Main Library, Book Bubble area. Stories, songs, and rhymes for walkers 12-24 months accompanied by a participating adult.
Jan. 26 – Feb. 12 – The Three Little Pigs, various times at Palo Alto Children’s Theater Main Stage. From Stiles and Drewe, the award winning musical team behind Honk and Broadway’s Mary Poppins, comes a very curly musical tail with smart things to say about home and family. $10-$14.
Jan. 29 – Lunar New Year Celebration, 10:30am-4pm at Asian Art Museum in SF. Storytelling (ages 3-7), dance performances, Lunar New Year stories, hands on activities. Cost of admission to museum.
Jan. 30 – Lunar New Year Storytime, 6:30-7:00 PM at San Bruno Library in San Bruno. Celebrate Lunar New Year with books, crafts, and light refreshments. Fun for all ages!
Feb. 3 – Registration for CuriOdyssey Summer Camps opens for members, 9pm at link below. http://curiodyssey.org/
Feb. 4 – Give Animals a Second Chance Day at CuriOdyssey, 10am-3pm at 1651 Coyote Point Dr in San Mateo. Adopt a pet from 11 local animal rescue organizations. Free admission.
Here are the 5 most expensive homes sold in Hillsborough, CA in 2016. List prices ranged from $8,695,000 to $15,899,000. My annual real estate report for Hillsborough will be coming out soon with all the details and Hillsborough real estate trends.
109 De Sabla, Hillsborough | List: $8,695,000 Sale: Withheld
225 Robin Road, Hillsborough | List: $10,950,000 Sale: Withheld
2241 Forest View Avenue, Hillsborough | List: $13,500,000 Sale:$12,500,000
711 Eucalyptus Avenue, Hillsborough | List: $13,800,000 Sale: $12,700,000
899 Sharon Avenue, Hillsborough | List: $15,899,000 Sale: $13,150,000