Can I get brand-new construction 2800 square feet in Burlingames Easton Addition for just under $2M?
Hello! Your question is a good one. The Burlingame market has still remained pretty strong even with the credit situation. Most Burlingame buyers, especially those shopping in the Easton Addition and SM Park/Baywood, are generally well insulated from the tiny interest rate fluctuations and have good size down payments that are not affected much by the recent tightening in lending guidelines. That being said, there was just a sweet new construction brown Craftsman that just sold on Balboa near Hillside for about $2.150m, and it was around 3,100 s/f, with the works; you’re generally looking in the low 2s for brand new. Most lots in Burlingame are 6,000 square feet, and Burlingame builders have therefore been maxing out their building sizes to around 3,1000 or 3,200 s/f (there’s only 237 double lots in all of Burlingame). Given your ideal s/f at around 2,800, there was a gorgeous house that just went into contract on Bernal a few days ago, which was tricked out and fully renovated in the
