The Burlingame real estate market, a part of the San Francisco Bay Area with a significant portion of coastline, showed an increase in the median sales price along with a decrease in foreclosures and a drop in sales. According to a July 15, 2010 report from ABC 7 News, “A record number of Americans could lose their homes this year to foreclosure. Data from RealtyTrac now projects 1 million foreclosures across the country this year. That number was closer to 100,000 per year before the housing market collapsed. However, the numbers are looking good in the Bay Area and the rest of California who is for once, doing better than the rest of the nation. Nonetheless, the foreclosure problem is not gone. Even though the numbers are looking good, looks can be deceiving. There are far fewer foreclosure signs in the Bay Area compared to last year at this time. Data at says the number of foreclosures in the Bay Area is down 41 percent so far in 2010. Foreclosures are also down 51 percent in Alameda County and 44 percent in Contra Costa County.”

Fewer Burlingame homes for sale were actually purchased in the month of June, although those that were sold went for a higher median price. According to a July 15, 2010 report from the Contra Costa Times, “Bay Area home sales in June fell off slightly from a year ago with the expiration of federal home buying tax credits that had helped spur home buying activity. At the same time the prices rose in response to sales of fewer foreclosures and more high-end properties. In June, a total of 8,373 new and existing single-family homes and condominiums closed escrow, up 1.3 percent from May, but down 3.1 percent from June 2009, said a report released Thursday by MDA DataQuick. The Bay Area's median price was $410,000, unchanged from May, but 16.5 percent higher than a year ago. June was the ninth consecutive month that saw median prices rise on a year-to-year basis, but the median price was still 38.3 percent below the $665,000 peak in June and July 2007. In Alameda County, 1,664 homes changed hands in June, a 5.1 percent decline from a year ago, while the median price rose 19.4 percent to $400,0000. In Contra Costa County, 1,729 homes changed hands, a 4.8 percent decline from a year ago, while the median price rose 13.4 percent to $283,500.”