Moving to the Burbs

burlingame

 

The Millennials say they like the urban experience but there can be  compelling financial reasons  to move out of  the major cities. In San Franciscothe median house value (March, 2014)  in the city was  $937,500 but only $555,000 elsewhere in the Bay Area. Sixty percent of those who sell leave SF proper. But, where do they move to? A survey by Paragon Real Estate followed the trajectories of different sellers. One couple ended up in Burlingame. Why Burlingame? If you know the Bay Area, it is only 15 to 20 minutes to San Francisco….by Bart….and maybe 30 minutes  to the South Bay….by Caltrain. Sellers may be leaving the city, but they are not necessarily jumping in their cars when they do so.

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