Ha,
There is one available right now - 1373 Columbus (I live and work in Easton Addition). It has Open House tomorrow between 1 and 4 PM. The old house was torn and new one build. The new house is on and off on the market since December (original owners still live there). The original price of $2,399k is down to $1, 899k. It is 4 bedrooms, 3 bathrooms house has 2700 s.f. on the 6000 sq.f . lot. I would be happy to fill you on details. It is a rare opportunity in Easton Addition. An year - two years ago it was still quite possible (to buy a new house below $2 M), but in spite of market trends, the new houses in Easton Addition are rare enough that they not only sustained but increased their prices (Raziel is quite right in his estimates).

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 last few years ago by a well known architect and was even featured on the BCE Kitchen Tour a few years ago. If you're open to the latter, there are occasionally these types of homes that go on the market, but I would say the best ones generally are pocket listings. Good luck!

I don't have time right now to run the statistics for Burlingame but my belief is that prices are not dropping in all areas and all price ranges. Prices are adjusting for homes that are generally in a first time buyer range; those who were able to get a loan last year are no longer able.

The prices of homes that attract buyers who have a deposit and are easily able to obtain a loan are climbing. Areas such as Burlingame, Foster City, San Carlos are not declining in price.

Taking a quick look, there are several very nice homes in Easton, not new construction but beautiful just the same. There's a vacant lot with approved plans for 1.5.