Press Release: Record-Breaking Luxury Home Sale in Burlingame, CA
BURLINGAME, CA - The Burlingame luxury real estate market has reached a new high with the sale of a single-family home at 1240 Bayshore Hwy for a staggering $13,750,000 in June 2023. This sale underscores the positive trends and robust health of the luxury market in Burlingame, particularly for high-priced real estate sales.
Record-Breaking Sale
The property at 1240 Bayshore Hwy represents the pinnacle of luxury living in Burlingame. While details of the property remain confidential due to the discrete nature of the transaction, the sale price alone speaks volumes about the desirability and exclusivity of Burlingame's luxury real estate market.
Positive Market Trends
This record-breaking sale is not an isolated event but part of a broader positive trend in Burlingame's real estate market. The average sale price of a single-family home in Burlingame in 2023 stands at approximately $2,928,636, indicating a strong market for luxury homes.
The condominium market also shows promising trends, with an average sale price of approximately $1,084,083 in 2023. This suggests a diverse and healthy real estate market catering to various buyer needs and preferences.
The Luxury Market Outlook
The sale of the property at 1240 Bayshore Hwy is a testament to Burlingame's enduring appeal for luxury home buyers. Its strategic location, coupled with its unique blend of suburban charm and urban convenience, makes it a prime spot for luxury real estate.
As Burlingame continues to attract discerning buyers looking for luxury, exclusivity, and a high quality of life, we anticipate the luxury market to remain strong and vibrant. This record-breaking sale is a clear indication of the positive trajectory of Burlingame's luxury real estate market.
For more information about the Burlingame real estate market or to schedule a private consultation, please contact us. We specialize in luxury homes and serve a discrete and select clientele. We are committed to providing exceptional service and expert guidance in the Burlingame real estate market.