Burke Real Estate Market Falls to Contracts Low Point

A dip in the number of pending transactions in the Burke market over the last 30 days resulted in the lowest amount since last January. While 37 homes went under contract, there were 57 completed sales. In comparison, Franconia had 28 contracts executed in the same time frame, the most of all nearby cities. The median sales price climbed to $415,000, up from last week's $405,000. There is only one month of inventory available in Burke, so it's still strong seller's market, even with the shrinking contracts numbers.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Burke:

$464K   $305K   $949K  

Get started right now by checking out Burke homes for sale or reviewing Burke real estate trends.

Demographic facts for Burke:

  • The average elevation in this area is 321 feet.
  • The median income is $121,695 per household.
  • For every counselor there are 274 students in this area. (513 = national average)

Data reported through 1/11/2017

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