Burlingame Real Estate - The Wilkas Group » Hillsborough California

How’s the Market – Hillsborough CA – 03.26.2012

lenorewilkas — Mon, 26 Mar 2012 15:01:10 +0000

Who has the best schools in our area? If you said Hillsborough, you’d be correct and that’s why so many people aspire to move there. The homes are large. The lots are mostly a half acre or more, and the trees and views and ambience makes this one of the most coveted communities on the Peninsula. Here’s a look at the market in Hillsborough California.

90-day stats for Single Family properties in HILLSBOROUGH, CA as of May 18, 2012
Median List Price:	$3,955,808	Average List Price:	$6,183,781
Total Inventory:	56	Price per Square Foot:	$798
Average Home Size:	4,888	Median Lot Size:	33,135
Average # Beds:	5.28	Average # Baths:	5.26
Homes Absorbed:	5	Newly Listed:	5
Days on Market:	143	Average Age:	43

Just like the other communities around here there is a shortage of homes for sale. Prices are up. The median price for Hillsborough is almost $4 million. Obviously you get a lot for those dollars as an entry level home in Hillsborough runs almost $2 million today.

Inventory, the number of homes for sale at any one time, is moderate. The reason I say that is the town only has a population of 9200 people so there aren’t a lot of houses in the town as a whole, but there are about 55 for sale right now.

When you sell a home in the price range that Hillsborough runs it always takes a while in comparison to the local surrounding communities. In comparison to past months, it’s taking much less time to sell a home in Hillsborough.

I really don’t like using the price per square foot chart much since these are generally the largest homes available in our area and always have the most square footage and largest lots so the price per square foot is always high. Think in terms of replacement costs, and it’s not so bad.

Hillsborough is still a buyer’s market and will likely remain one for a long while. Prices are very high and the pool of buyers is generally smaller than other surrounding communities. Loans for these homes are still very favorable.

Here are some of the homes currently for sale in Hillsborough. Should you see something here that you’d like to see in person please call us at six five zero, eight six seven, two nine zero nine and we’ll take you in to see them.

Showing properties 1 - 15 of 19. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft

Year built: 1953
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft

Year built: 1978
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft

Year built: 2001
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft

Year built: 1958
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft

Year built: 1953
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft

Year built: 1972
$2,595,000 : 540 Chelmsford Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 2,890 sq ft

Lot size: 15,210 sqft

Year built: 1930
$1,800,000 : 2480 Summit Dr, Hillsborough

3 beds, 3 full, 1 part baths

Home size: 2,080 sq ft

Lot size: 29,240 sqft

Year built: 1951
$1,889,000 : 2440 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,480 sq ft

Lot size: 33,750 sqft

Year built: 1978
$2,895,000 : 1020 Crystal Springs Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,880 sq ft

Lot size: 2.80 ac

Year built: 2006
$2,498,000 : 981 La Senda Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 17,424 sqft

Year built: 1987
$2,675,000 : 2225 Summit Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 3,860 sq ft

Lot size: 27,442 sqft

Year built: 1978
$2,680,000 : 347 Alberta Wy, Hillsborough

4 beds, 4 full baths

Home size: 5,900 sq ft

Lot size: 21,754 sqft

Year built: 1954
$2,128,000 : 1395 Avondale Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,099 sq ft

Lot size: 1.29 ac

Year built: 1977
$1,999,000 : 20 Persimmon Ct, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 24,883 sqft

Year built: 1979

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Time to Review Your Home Owner’s Policy: Hillsborough CA

lenorewilkas — Thu, 22 Mar 2012 21:43:05 +0000

If you’ve owned your home for a while you might not be looking at one of the most important things you pay for each year and that could be a major mistake. What do you know about your Homeowner’s Insurance Policy? Have you evaluated it recently? If not, it is a good idea to review it every six months to ensure that your coverage is as expected. Obviously, the best time to review your policy is prior to a crisis situation. So take some time out of your busy schedule and spend a few minutes today going over the details in your insurance policy.

You should contact your insurance agent if you have questions or need to make a few adjustments. He or she should be able to answer your questions. If you don’t feel comfortable with your agent or question whether or not he or she are providing you with the best policy for your situation, please contact us for a reference. You may find that a change could save you money both short-term and long-term.

Some helpful questions:

Ask– Can I qualify for a premium reduction by installing smoke detectors, alarms, new locks or doors, or improved roofing material? Do I qualify for a preferred customer or senior/student discount? What is really covered by my insurance? Ask about th

Showing properties 1 - 10 of 62. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft

Year built: 1953
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft

Year built: 1980
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft

Year built: 1978
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft

Year built: 1991
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft

Year built: 2001
$3,095,000 : 1340 Avondale Rd, Hillsborough

5 beds, 4 full baths

Home size: 4,400 sq ft

Lot size: 20,473 sqft

Year built: 2000
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft

Year built: 1958
$4,399,000 : 1160 Barroilhet Dr, Hillsborough

4 beds, 4 full, 2 part baths

Home size: 5,045 sq ft

Lot size: 24,208 sqft

Year built: 1991
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft

Year built: 1953
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft

Year built: 1972

Listing information deemed reliable but not guaranteed. Read full disclaimer.

e phrase “acts of God” and the interpretation of the insurance company.

Discover – What is insured, the actual home or only the land under it? Is land value part of my policy amount and if so, why? Did I opt for replacement value or actual cash value in your home coverage and does that still apply?

Discuss – Are my valuables and heirlooms in need special coverage? Would a higher deductible result in a significant reduction in my premium? Should I get earthquake or flood damage insurance?

Asking these questions now and periodically in the future will give you peace of mind and give you the knowledge you will need should you ever encounter a crisis with your home. It is a good idea to place a copy of your homeowner’s policy in a place away from your home, as well, in case just such an accident does occur.

Here’s what’s going on in the Hillsborough CA real estate market today.

2012 – An Affordable Time to Buy a Home in Burlingame CA

lenorewilkas — Sun, 11 Mar 2012 15:44:03 +0000

A combination of historically low mortgage rates and corrections in home pricing are resulting in the most affordable home market in two decades in San Mateo County. This is great news for home buyers if you are able to qualify for a loan. Stricter guidelines and qualifications make getting a home loan more challenging. Potential buyers must work with a highly qualified lender to determine their ability to buy a home before setting out to look in person.

The National Association of Home Builders (NAHB) and Wells Fargo Housing Opportunity Index (HOI) report that nearly 76% of new and existing homes sold in the last quarter of 2011 could have easily been purchased by buyers earning $64,200 (the national median income). The previous quarter showed nearly 73% of homes in that range, marking a 3% increase. Obviously this figure isn’t what we’re seeing in our home territory, mid-San Mateo County. We are seeing home prices beginning to move up once again because of a shortage of homes for sale in our immediate area and income needed to buy these homes is well above the national median.

Here are some stats just about San Mateo County and specifically from Burlingame to Foster City. Hold on to your hat because the pictures are pretty but the data is alarming once it’s explained to you.

Let’s start with inventory right now in the first two and half months of 2012. Real estate is often spoken about in absorption rates or the number of homes for sale versus the number of days it takes to sell them. Right now we have 3.5 months of inventory on the market in our four cities. That means if no other homes were listed it would only take 3.5 months to absorb these homes leaving nothing for anyone else by mid-June. Those are not healthy numbers because there are far more people looking to buy a home in our area today than there are homes to buy. That means prices rise but it may not mean that they appraise because the market moves up without comparison houses for the appraiser to use. This chart shows only 820 house for sale during this time. If you’re thinking of listing your home for sale, now is the time to do it, for this reason alone.

Here’s what it’s looked like the past 3 years when we were hearing almost daily that there was a flood of homes for sale. Not necessarily the case when you drill down to local levels.

The highest inventory of homes for sale in our four cities between January 2009 and today was in February 2009 with 6.8 months of inventory and the lowest, December 2009 with only 2 months. So you say, where’s the hidden inventory we keep reading about in the press? I don’t know. I’m not sure it really exists here, although I’m sure there is some. Here’s the chart showing you the data where it’s easier to read and you can see for yourself.

This data came from our local Multiple Listing Service so it is market specific. Interest rates have been at record lows and change weekly on 30-year loans with Freddie Mac reporting an average of 3.87%. 15-year loans were averaging 3.16%.

Click on The NAHB/Wells Fargo Housing Opportunity Index: History of Least and Most Affordable Areas spreadsheet located here to download the list of historical data on the most and least affordable areas in our community or browse their website to learn more.

Here are the average sale prices for homes in Burlingame, Hillsborough, San Mateo and Foster City during the past 12 months. This is our reality and it’s very different than the rest of the State of California or the entire US. It’s not going to change from the look of things.

Here are some homes for sale in Foster City right now.

Showing properties 1 - 5 of 8. See more city of Foster City real estate.
(all data current as of 5/24/2012)

$899,000 : 1390 Ribbon St, Foster City

3 beds, 2 full baths

Home size: 1,860 sq ft

Lot size: 6,175 sqft

Year built: 1966
$949,000 : 261 Loon Ct, Foster City

4 beds, 3 full baths

Home size: 2,450 sq ft

Lot size: 5,429 sqft

Year built: 1966
$890,000 : 188 Flying Cloud Is, Foster City

3 beds, 2 full baths

Home size: 2,120 sq ft

Lot size: 7,740 sqft

Year built: 1966
$1,295,000 : 643 Matsonia Dr, Foster City

4 beds, 2 full, 1 part baths

Home size: 2,430 sq ft

Lot size: 6,612 sqft

Year built: 1972
$809,000 : 786 Marlin Av, Foster City

3 beds, 2 full baths

Home size: 1,890 sq ft

Lot size: 5,734 sqft

Year built: 1967

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Here are some homes for sale in San Mateo right now.

Showing properties 1 - 5 of 66. See more city of San Mateo real estate.
(all data current as of 5/24/2012)

$469,000 : 224 Lindbergh St, San Mateo

3 beds, 1 full bath

Home size: 1,110 sq ft

Lot size: 4,400 sqft

Year built: 1943
$529,900 : 1759 Cottage Grove Av, San Mateo

3 beds, 1 full bath

Home size: 1,000 sq ft

Lot size: 5,250 sqft

Year built: 1952
$2,195,000 : 525 Fairfax Av, San Mateo

4 beds, 4 full, 1 part baths

Home size: 3,500 sq ft

Lot size: 7,680 sqft

Year built: 1933
$519,000 : 215 N Kingston St, San Mateo

2 beds, 1 full bath

Home size: 1,380 sq ft

Lot size: 5,000 sqft

Year built: 1948
$678,000 : 2915 Fernwood St, San Mateo

2 beds, 1 full bath

Home size: 1,060 sq ft

Lot size: 5,040 sqft

Year built: 1951

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Here are some homes for sale in Hillsborough right now.

Showing properties 1 - 5 of 62. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft

Year built: 1953
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft

Year built: 1980
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft

Year built: 1978
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft

Year built: 1991
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft

Year built: 2001

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Burlingame listings are seen to the right of this post. We’re here to talk to you about your specific real estate needs and you can reach us online or by phone.

Hillsborough CA 2011 Market Report

lenorewilkas — Thu, 12 Jan 2012 12:10:23 +0000

Hillsborough is always considered one of the most expensive communities in California and 2011 was no different than other times or any other years. Hillsborough’s 2011 Market Report shows that there were 134 sales of homes in 2011.

Hillsborough only has single family homes. There are no condos. No townhouses. Only large stately homes on large lots.

The least expensive home sold for $1,195,000. There was only one at that price, probably a bank owned in need of work, and who ever bought it got a steal of a price. The land value is probably more than that.

12 homes sold between $1,700,000 and $1,800,000.
9 homes sold between $1,600,000 and $1,700,000.
8 homes sold between $1,400,000 and $1,500,000.
14 sold between $1,800,000 and $2,000,000.
87 sales were above $2,000,000.

The average list price for 2011 Hillsborough California homes was $2,775,773 and the average sales price was $2,627,551. 91% of the listings sold at the original price. 93% sold at a reduced price and the average time on the market from listing to close of escrow was 73 days.

Does this tell you that our market is in distress? It sure doesn’t say that to me. Homes are selling under 90 days. Many places around the US would kill for statistics like this. If you want to live in Hillsborough California and enjoy the benefits of this community, you pay for it. Top schools. Top weather. Top location. Privacy. Close to everything. Can we show you some of these homes? Call us now and begin enjoying the Good Life in 2012!

Here’s what’s on the market in Hillsborough today.

Showing properties 1 - 15 of 62. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft

Year built: 1953
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft

Year built: 1980
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft

Year built: 1978
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft

Year built: 1991
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft

Year built: 2001
$3,095,000 : 1340 Avondale Rd, Hillsborough

5 beds, 4 full baths

Home size: 4,400 sq ft

Lot size: 20,473 sqft

Year built: 2000
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft

Year built: 1958
$4,399,000 : 1160 Barroilhet Dr, Hillsborough

4 beds, 4 full, 2 part baths

Home size: 5,045 sq ft

Lot size: 24,208 sqft

Year built: 1991
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft

Year built: 1953
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft

Year built: 1972
$2,595,000 : 540 Chelmsford Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 2,890 sq ft

Lot size: 15,210 sqft

Year built: 1930
$3,898,800 : 50 Verbalee Ln, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 9,000 sq ft

Lot size: 1.14 ac

Year built: 1991
$1,800,000 : 2480 Summit Dr, Hillsborough

3 beds, 3 full, 1 part baths

Home size: 2,080 sq ft

Lot size: 29,240 sqft

Year built: 1951
$3,795,000 : 2200 Redington Rd, Hillsborough

5 beds, 5 full, 3 part baths

Home size: 5,200 sq ft

Lot size: 26,789 sqft

Year built: 1990
$1,889,000 : 2440 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,480 sq ft

Lot size: 33,750 sqft

Year built: 1978

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Market Report – Hillsborough CA – 10.03.11

lenorewilkas — Mon, 03 Oct 2011 18:34:34 +0000

We’re entering the end of 2011 as Fourth Quarter started over the weekend. What does this mean for real estate? We begin to see prices soften for those who must sell. We see homes come off the market as we approach Thanksgiving and the holidays as most people do not want to be bothered showing their home during intense family time.

There’s a good selection of homes in Hillsborough today and with Hillsborough offering some of the best public schools in California, if you want to move your children’s school this might be the way to do it.

Hillsborough offers large lots, large homes, easy commutes north or south and close proximity to SFO. It’s an executive’s dream location.

Here’s what going on in Hillsborough CA’s market now.

90-day stats for Single Family properties in HILLSBOROUGH, CA as of May 18, 2012
Median List Price:	$3,955,808	Average List Price:	$6,183,781
Total Inventory:	56	Price per Square Foot:	$798
Average Home Size:	4,888	Median Lot Size:	33,135
Average # Beds:	5.28	Average # Baths:	5.26
Homes Absorbed:	5	Newly Listed:	5
Days on Market:	143	Average Age:	43

If you’re thinking of moving to Hillsborough, these are the homes for sale today. If you’re not represented by an agent we’d be happy to assist you in seeing any of these fine homes. Just fill out the contact form and we will respond.

Showing properties 1 - 30 of 48. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft
$3,095,000 : 1340 Avondale Rd, Hillsborough

5 beds, 4 full baths

Home size: 4,400 sq ft

Lot size: 20,473 sqft
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft
$4,399,000 : 1160 Barroilhet Dr, Hillsborough

4 beds, 4 full, 2 part baths

Home size: 5,045 sq ft

Lot size: 24,208 sqft
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft
$2,595,000 : 540 Chelmsford Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 2,890 sq ft

Lot size: 15,210 sqft
$3,898,800 : 50 Verbalee Ln, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 9,000 sq ft

Lot size: 1.14 ac
$1,800,000 : 2480 Summit Dr, Hillsborough

3 beds, 3 full, 1 part baths

Home size: 2,080 sq ft

Lot size: 29,240 sqft
$3,795,000 : 2200 Redington Rd, Hillsborough

5 beds, 5 full, 3 part baths

Home size: 5,200 sq ft

Lot size: 26,789 sqft
$1,889,000 : 2440 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,480 sq ft

Lot size: 33,750 sqft
$2,895,000 : 1020 Crystal Springs Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,880 sq ft

Lot size: 2.80 ac
$4,950,000 : 55 Fagan Dr, Hillsborough

7 beds, 4 full, 1 part baths

Home size: 7,000 sq ft

Lot size: 24,698 sqft
$5,380,000 : 25 Eugenia Wy, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,420 sq ft

Lot size: 35,066 sqft
$4,580,000 : 1215 Tournament Dr, Hillsborough

7 beds, 7 full, 1 part baths

Home size: 9,972 sq ft

Lot size: 41,643 sqft
$2,498,000 : 981 La Senda Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 17,424 sqft
$2,675,000 : 2225 Summit Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 3,860 sq ft

Lot size: 27,442 sqft
$3,980,000 : 140 Fallen Leaf Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 4,240 sq ft

Lot size: 21,000 sqft
$4,588,000 : 445 Pullman Rd, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,680 sq ft

Lot size: 2.00 ac
$4,495,000 : 40 Bates Rd, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 5,378 sq ft

Lot size: 20,576 sqft
$3,495,000 : 45 Falkirk Ln, Hillsborough

6 beds, 4 full, 2 part baths

Home size: 4,950 sq ft

Lot size: 22,194 sqft
$4,095,000 : 521 Roehampton Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 3,840 sq ft

Lot size: 18,850 sqft
$2,680,000 : 347 Alberta Wy, Hillsborough

4 beds, 4 full baths

Home size: 5,900 sq ft

Lot size: 21,754 sqft
$3,295,000 : 431 Hillsborough Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 3,580 sq ft

Lot size: 16,000 sqft
$2,128,000 : 1395 Avondale Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,099 sq ft

Lot size: 1.29 ac
$3,200,000 : 260 Robin Rd, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 3,968 sq ft

Lot size: 2.00 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Hillsborough CA Market Report – May 2011

lenorewilkas — Tue, 21 Jun 2011 01:01:23 +0000

Here is Hillsborough’s market report for May 2011. Comparing the chart above with the first 4 months of the year we see one thing clearly and that is the number of homes for sale has climbed. We are officially in the summer sales season so this really isn’t unusual since most people buy and sell during this time of year. We homes for sale are priced higher and higher and one wonders why when we hear the news tell us the the average price for homes for sale has dropped dramatically in the US and of course that always add, in California, too. Need I remind you that all real estate is local. Buying and selling real estate is the best example of how economics works. Supply and demand will determine price and if you want to live in Hillsborough and send your children to those amazing schools you will pay.

Last week there were 78 houses for sale in Hillsborough. Yes that number is different than my first number because the top chart shows May numbers and this shows June numbers along with everything still for sale from earlier. That number has been pretty flat for a while and so have the median listing price at $3.3 Million dollars. Of course you get a lot for that kind of money. You get at least a half acre and a large home with top quality construction and fine appointments.

Here’s a really interesting chart. It’s the Market Action chart showing how the market is doing. If you still think we’re at the bottom of the market because that’s what the Chase-Shiller report says, think again. We’re not. Chase-Shiller is at least 3 months behind the real market. They also aren’t local. Keep in mind that there are only 3872 homes in Hillsborough and of those only 78 are on the market. Not a huge supply…… Oh, and yes, the market hit bottom in 2010 in Hillsborough.

If you are interested in buying in Hillsborough, here’s what’s for sale. We’d be happy to assist you in finding your dream home. Just contact us above with the “Contact Us” tab.

Showing properties 1 - 5 of 62. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

April 2011 Market Report: Hillsborough CA

lenorewilkas — Tue, 10 May 2011 16:53:29 +0000

Being the Crown Jewel of San Mateo County comes with benefits and negatives. The benefit is that it’s a beautiful and secluded community close to everything. The negatives are that the most expensive homes always take the most time to sell. The pool of buyers is smaller and not everyone is running around with 3 or 4 millions bucks in their bank account waiting for the perfect home to show up in the market place. Therefore, Hillsborough California, zip code 94010 (which is also shared with Burlingame) has more homes for sale and fewer sales taking place. With a median price of $3.2 million there is much to select from if Hillsborough CA is your choice for a town to call home.

We just haven’t seen as much movement in the market in Hillsborough as we’ve seen in Burlingame. But, we’re talking twice the money and twice the house.

Here’s what’s taken place the first part of this year with the data from the MLS. We are seeing more and more listings, which is quite normal for this time of the year and with 25 homes pending close of escrow, May should be a great month in real estate for Hillsborough. This is the perfect example of why all real estate is local, local, local and why you can’t believe what you read in the national newspapers. For that matter, even the local dailies aren’t really reporting what’s going on in San Mateo County when they say the average price has dropped. Again.

Here’s what’s on the market for Hillsborough, CA today. If you want to see something, give us a call or drop us an email. This real estate market is heating up and we expect to still see some good buys. What we don’t anticipate seeing are many bank owned properties in Hillsborough so if you’re searching for one, perhaps you’ll have better luck buying a short sale or, heaven forbid, a regular sale! The market has corrected as much as it will and now we are seeing prices beginning to rise. What are you waiting for?

Showing properties 1 - 30 of 62. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft
$3,095,000 : 1340 Avondale Rd, Hillsborough

5 beds, 4 full baths

Home size: 4,400 sq ft

Lot size: 20,473 sqft
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft
$4,399,000 : 1160 Barroilhet Dr, Hillsborough

4 beds, 4 full, 2 part baths

Home size: 5,045 sq ft

Lot size: 24,208 sqft
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft
$2,595,000 : 540 Chelmsford Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 2,890 sq ft

Lot size: 15,210 sqft
$3,898,800 : 50 Verbalee Ln, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 9,000 sq ft

Lot size: 1.14 ac
$1,800,000 : 2480 Summit Dr, Hillsborough

3 beds, 3 full, 1 part baths

Home size: 2,080 sq ft

Lot size: 29,240 sqft
$3,795,000 : 2200 Redington Rd, Hillsborough

5 beds, 5 full, 3 part baths

Home size: 5,200 sq ft

Lot size: 26,789 sqft
$1,889,000 : 2440 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,480 sq ft

Lot size: 33,750 sqft
$2,895,000 : 1020 Crystal Springs Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,880 sq ft

Lot size: 2.80 ac
$4,950,000 : 55 Fagan Dr, Hillsborough

7 beds, 4 full, 1 part baths

Home size: 7,000 sq ft

Lot size: 24,698 sqft
$5,380,000 : 25 Eugenia Wy, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,420 sq ft

Lot size: 35,066 sqft
$4,580,000 : 1215 Tournament Dr, Hillsborough

7 beds, 7 full, 1 part baths

Home size: 9,972 sq ft

Lot size: 41,643 sqft
$2,498,000 : 981 La Senda Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 17,424 sqft
$2,675,000 : 2225 Summit Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 3,860 sq ft

Lot size: 27,442 sqft
$3,980,000 : 140 Fallen Leaf Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 4,240 sq ft

Lot size: 21,000 sqft
$4,588,000 : 445 Pullman Rd, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,680 sq ft

Lot size: 2.00 ac
$4,495,000 : 40 Bates Rd, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 5,378 sq ft

Lot size: 20,576 sqft
$3,495,000 : 45 Falkirk Ln, Hillsborough

6 beds, 4 full, 2 part baths

Home size: 4,950 sq ft

Lot size: 22,194 sqft
$4,095,000 : 521 Roehampton Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 3,840 sq ft

Lot size: 18,850 sqft
$2,680,000 : 347 Alberta Wy, Hillsborough

4 beds, 4 full baths

Home size: 5,900 sq ft

Lot size: 21,754 sqft
$3,295,000 : 431 Hillsborough Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 3,580 sq ft

Lot size: 16,000 sqft
$2,128,000 : 1395 Avondale Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,099 sq ft

Lot size: 1.29 ac
$6,195,000 : 720 Brewer Dr, Hillsborough

6 beds, 5 full, 2 part baths

Home size: 6,800 sq ft

Lot size: 20,800 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

How’s the Market in Hillsborough CA 03.08.2011?

lenorewilkas — Tue, 08 Mar 2011 21:02:37 +0000

Hillsborough California is one of the most expensive and exclusive communities in the US. Prices have held pretty well while inventory, the number of homes on the market, is low. This community has not seen many foreclosures, so if you’re waiting for the bargain of a lifetime, you missed the window of opportunity. Some of the reasons people want to live in Hillsborough are because of location – it’s near SFO and not too far to Silicon Valley or San Francisco. The schools are outstanding. The weather is almost perfect. It gives a feeling of being in a forest with trees everywhere, yet you’re neat everything. What’s not to like?

Here’s the snapshot of the market for Hillsborough since the beginning of the year. Like the other communities on the Peninsula, if a buyer is taking out a loan the time needed to close escrow is longer today which is why the number of closed escrows seems low. But the good news is there are lenders out there who will write loans up to $2 million dollars. We didn’t have that last year.

Here’s what’s for sale in Hillsborough today. If you’d like to view one of these in person please let us know and we’re here to assist you.

Showing properties 1 - 50 of 62. See more Hillsborough homes for sale.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft
$3,095,000 : 1340 Avondale Rd, Hillsborough

5 beds, 4 full baths

Home size: 4,400 sq ft

Lot size: 20,473 sqft
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft
$4,399,000 : 1160 Barroilhet Dr, Hillsborough

4 beds, 4 full, 2 part baths

Home size: 5,045 sq ft

Lot size: 24,208 sqft
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft
$2,595,000 : 540 Chelmsford Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 2,890 sq ft

Lot size: 15,210 sqft
$3,898,800 : 50 Verbalee Ln, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 9,000 sq ft

Lot size: 1.14 ac
$1,800,000 : 2480 Summit Dr, Hillsborough

3 beds, 3 full, 1 part baths

Home size: 2,080 sq ft

Lot size: 29,240 sqft
$3,795,000 : 2200 Redington Rd, Hillsborough

5 beds, 5 full, 3 part baths

Home size: 5,200 sq ft

Lot size: 26,789 sqft
$1,889,000 : 2440 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,480 sq ft

Lot size: 33,750 sqft
$2,895,000 : 1020 Crystal Springs Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,880 sq ft

Lot size: 2.80 ac
$4,950,000 : 55 Fagan Dr, Hillsborough

7 beds, 4 full, 1 part baths

Home size: 7,000 sq ft

Lot size: 24,698 sqft
$5,380,000 : 25 Eugenia Wy, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,420 sq ft

Lot size: 35,066 sqft
$4,580,000 : 1215 Tournament Dr, Hillsborough

7 beds, 7 full, 1 part baths

Home size: 9,972 sq ft

Lot size: 41,643 sqft
$2,498,000 : 981 La Senda Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 17,424 sqft
$2,675,000 : 2225 Summit Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 3,860 sq ft

Lot size: 27,442 sqft
$3,980,000 : 140 Fallen Leaf Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 4,240 sq ft

Lot size: 21,000 sqft
$4,588,000 : 445 Pullman Rd, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,680 sq ft

Lot size: 2.00 ac
$4,495,000 : 40 Bates Rd, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 5,378 sq ft

Lot size: 20,576 sqft
$3,495,000 : 45 Falkirk Ln, Hillsborough

6 beds, 4 full, 2 part baths

Home size: 4,950 sq ft

Lot size: 22,194 sqft
$4,095,000 : 521 Roehampton Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 3,840 sq ft

Lot size: 18,850 sqft
$2,680,000 : 347 Alberta Wy, Hillsborough

4 beds, 4 full baths

Home size: 5,900 sq ft

Lot size: 21,754 sqft
$3,295,000 : 431 Hillsborough Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 3,580 sq ft

Lot size: 16,000 sqft
$2,128,000 : 1395 Avondale Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,099 sq ft

Lot size: 1.29 ac
$6,195,000 : 720 Brewer Dr, Hillsborough

6 beds, 5 full, 2 part baths

Home size: 6,800 sq ft

Lot size: 20,800 sqft
$3,200,000 : 260 Robin Rd, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 3,968 sq ft

Lot size: 2.00 ac
$6,900,000 : San Raymundo Rd, Hillsborough

8 beds, 7 full baths

Home size: 8,210 sq ft

Lot size: 3.83 ac
$12,800,000 : 1868 Floribunda Av, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 11,090 sq ft

Lot size: 2.34 ac
$5,850,000 : 812 Irwin Dr, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,800 sq ft

Lot size: 1 sqft
$1,999,000 : 20 Persimmon Ct, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 24,883 sqft
$4,989,000 : 15 Bridle Ct, Hillsborough

3 beds, 3 full, 2 part baths

Home size: 5,557 sq ft

Lot size: 39,129 sqft
$16,500,000 : 3080 Ralston Av, Hillsborough

11 beds, 8 full, 3 part baths

Home size: 15,200 sq ft

Lot size: 2.58 ac
$2,868,000 : 2550 Skyfarm Dr, Hillsborough

6 beds, 5 full, 1 part baths

Home size: 4,520 sq ft

Lot size: 37,500 sqft
$4,280,000 : 1050 Vista Rd, Hillsborough

6 beds, 4 full, 1 part baths

Home size: 6,569 sq ft

Lot size: 1.04 ac
$11,900,000 : 120 Tamarack Dr, Hillsborough

6 beds, 7 full, 1 part baths

Home size: 8,546 sq ft

Lot size: 1.16 ac
$6,495,000 : 2077 Forest View Av, Hillsborough

6 beds, 4 full baths

Home size: 5,610 sq ft

Lot size: 1.66 ac
$3,295,000 : 10 Victor Park Ln, Hillsborough

6 beds, 4 full, 1 part baths

Home size: 3,880 sq ft

Lot size: 21,780 sqft
$2,650,000 : 1220 Black Mountain Rd, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 4,700 sq ft

Lot size: 31,903 sqft
$3,650,000 : 410 W Santa Inez Av, Hillsborough

7 beds, 5 full, 1 part baths

Home size: 4,950 sq ft

Lot size: 19,878 sqft
$4,000,000 : 2990 Privet Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 4,166 sq ft
$4,195,000 : 2980 Privet Dr, Hillsborough

5 beds, 4 full baths

Home size: 5,496 sq ft
$1,399,000 : 25 Warmwood Wy, Hillsborough

3 beds, 3 full baths

Home size: 2,510 sq ft

Lot size: 21,900 sqft
$15,750,000 : 925 Seabury Rd, Hillsborough

6 beds, 9 full, 2 part baths

Home size: 14,250 sq ft

Lot size: 1.27 ac
$5,580,000 : 820 Chiltern Rd, Hillsborough

7 beds, 6 full, 1 part baths

Home size: 7,870 sq ft

Lot size: 1.13 ac
$29,000,000 : 40 Verbalee Ln, Hillsborough

12 beds, 12 full, 3 part baths

Home size: 35,000 sq ft

Lot size: 5.91 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

How’s the Market in Hillsborough CA 02.14.11?

lenorewilkas — Mon, 14 Feb 2011 15:23:16 +0000

How’s the market? Same question, different city but the answer is always the same, because it always depends on why you’re asking the question. If you own, is it because you want to sell, or need information for applying for a property tax adjustment? If you are considering selling and are curious if this is the right time to sell, yes it is because you may feel you’re selling low but you’ll be buying low, too. Are you an investor? Your reasons are always different. The market is seeing a recovery. We have been blessed with a pretty safe market. We are seeing homes in default because of job loss, income reduction, or both. The banks have foreclosed on many homes in Hillsborough and left them vacant because they’re waiting for the market to recover. That might not be a good idea if what we’re all reading is true and 2011 will be a record year for our Fantasy Island to see defaults and foreclosures.

Let’s look at the market results for January 2011 for Hillsborough CA. The average price for the homes for sale in January was $4,609,177. There were 40 homes listed, 24 pending sale under contract and only 1 sold. January is a quiet month for real estate around here so this isn’t surprising. We’ll be watching the market as it warms up to compare it with earlier months in this year.

Here are the current listings for Hillsborough CA. If you see something you’d like to learn more about, call us at 650-696-2920.

Showing properties 1 - 30 of 62. See more city of Hillsborough real estate.
(all data current as of 5/24/2012)

$2,680,000 : 500 Pepper Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,840 sq ft

Lot size: 22,244 sqft
$4,449,999 : 25 Miranda Ct, Hillsborough

4 beds, 5 full baths

Home size: 5,172 sq ft

Lot size: 30,318 sqft
$1,776,000 : 175 Ridgeway Rd, Hillsborough

5 beds, 3 full, 1 part baths

Home size: 4,840 sq ft

Lot size: 15,246 sqft
$3,750,000 : 100 Chateau Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,890 sq ft

Lot size: 26,571 sqft
$1,850,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sqft
$3,095,000 : 1340 Avondale Rd, Hillsborough

5 beds, 4 full baths

Home size: 4,400 sq ft

Lot size: 20,473 sqft
$2,399,000 : 645 Hillsborough Bl, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 2,580 sq ft

Lot size: 25,844 sqft
$4,399,000 : 1160 Barroilhet Dr, Hillsborough

4 beds, 4 full, 2 part baths

Home size: 5,045 sq ft

Lot size: 24,208 sqft
$2,295,000 : 537 Craig Rd, Hillsborough

4 beds, 4 full baths

Home size: 2,750 sq ft

Lot size: 29,185 sqft
$1,675,000 : 6215 Skyline Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,810 sq ft

Lot size: 21,896 sqft
$2,595,000 : 540 Chelmsford Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 2,890 sq ft

Lot size: 15,210 sqft
$3,898,800 : 50 Verbalee Ln, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 9,000 sq ft

Lot size: 1.14 ac
$1,800,000 : 2480 Summit Dr, Hillsborough

3 beds, 3 full, 1 part baths

Home size: 2,080 sq ft

Lot size: 29,240 sqft
$3,795,000 : 2200 Redington Rd, Hillsborough

5 beds, 5 full, 3 part baths

Home size: 5,200 sq ft

Lot size: 26,789 sqft
$1,889,000 : 2440 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,480 sq ft

Lot size: 33,750 sqft
$2,895,000 : 1020 Crystal Springs Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,880 sq ft

Lot size: 2.80 ac
$4,950,000 : 55 Fagan Dr, Hillsborough

7 beds, 4 full, 1 part baths

Home size: 7,000 sq ft

Lot size: 24,698 sqft
$5,380,000 : 25 Eugenia Wy, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,420 sq ft

Lot size: 35,066 sqft
$4,580,000 : 1215 Tournament Dr, Hillsborough

7 beds, 7 full, 1 part baths

Home size: 9,972 sq ft

Lot size: 41,643 sqft
$2,498,000 : 981 La Senda Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,520 sq ft

Lot size: 17,424 sqft
$2,675,000 : 2225 Summit Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 3,860 sq ft

Lot size: 27,442 sqft
$3,980,000 : 140 Fallen Leaf Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 4,240 sq ft

Lot size: 21,000 sqft
$4,588,000 : 445 Pullman Rd, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,680 sq ft

Lot size: 2.00 ac
$4,495,000 : 40 Bates Rd, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 5,378 sq ft

Lot size: 20,576 sqft
$3,495,000 : 45 Falkirk Ln, Hillsborough

6 beds, 4 full, 2 part baths

Home size: 4,950 sq ft

Lot size: 22,194 sqft
$4,095,000 : 521 Roehampton Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 3,840 sq ft

Lot size: 18,850 sqft
$2,680,000 : 347 Alberta Wy, Hillsborough

4 beds, 4 full baths

Home size: 5,900 sq ft

Lot size: 21,754 sqft
$3,295,000 : 431 Hillsborough Bl, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 3,580 sq ft

Lot size: 16,000 sqft
$2,128,000 : 1395 Avondale Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,099 sq ft

Lot size: 1.29 ac
$6,195,000 : 720 Brewer Dr, Hillsborough

6 beds, 5 full, 2 part baths

Home size: 6,800 sq ft

Lot size: 20,800 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Market Comparisons 2010 v 2009: Burlingame, Hillsborough, San Mateo and Foster City CA

lenorewilkas — Wed, 15 Dec 2010 22:51:44 +0000

We are often asked “how’s the market doing?” when we see old clients. They’re curious about their own property values, and assume they’ve gone down substantially. Some time they’re right. Some times they’re wrong, they’re down but no where near the drop they thought. It depends. It depends on where they live. It depends on when they bought. It depends on many things.

Here’s a snapshot of the market over the past two years for our Four Cities. The charts are for Median Price versus Inventory for 2009 and 2010. It’s rather interesting to see this snapshot of how the market looked.

Here’s Burlingame. Median Price 2010 is in Black. Inventory 2010 is in Orange. Median Price 2009 is Green. Inventory 2009 is Blue. A picture is worth a thousand words and as you can see the 2010 inventory is a little higher than 2009 and the median price is down. This, friends, is a Burlingame Buyer’s Market.

Here’s Hillsborough. Colors are the same as Burlingame’s. 2010 Inventory is substantially higher than 2009 and median price has gone up, a little, but it’s higher than in 2009. What’s so fascinating about this chart is the dramatic drop in price that took place in 2009 versus 2010, where prices were somewhat stable. The big ticket homes in Hillsborough, the ones in the $10,000,000 and above range obviously weren’t sold within the past two years or the median price would have been affected. It’s a Buyer’s Market in Hillsborough California.

Here’s San Mateo. For comparison sake I’m only showing the single family homes. This is one interesting chart. San Mateo is the second largest city in San Mateo County. There are houses at the bottom of the price spectrum and houses as costly as many in Hillsborough. The Median Price in black for 2010 versus 2009 in green is dramatic and so is the inventory of houses for sale. In 2009, in blue, versus 2010, in orange. The selection of houses is large, and the price is down. It’s a Buyer’s Market in San Mateo.

Finally, let’s see Foster City. Like it’s sister cities, the Median Price was substantially lower in 2010 and Inventory substantially higher. It’s a Buyer’s Market in Foster City, too.

What you’re seeing are the actual market statistics for the four Mid-Peninsula we cover. It’s a Buyer’s Market and there are a lot of great properties for sale. In fact, as the year winds to an end, each one of these houses is truly on sale. People listing homes this time of the year want to sell and are willing to negotiate. Negotiation is the key word today. What the asking price is, isn’t generally what the selling price is.