The Wilkas Group » hillsborough real estate

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 - 39 of 39. See more Hillsborough homes for sale.
(all data current as of 2/12/2012)

$2,380,000 : 1125 Bromfield Rd, Hillsborough

3 beds, 2 full baths

Home size: 2,822 sq ft

Lot size: 19,200 sq ft
$5,495,000 : 145 Fallen Leaf Dr, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,500 sq ft

Lot size: 36,630 sq ft
$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
$4,900,000 : 15 Tiptoe Ln, Hillsborough

7 beds, 7 full, 1 part baths

Home size: 9,550 sq ft

Lot size: 22,950 sq ft
$1,398,000 : 1035 Tournament Dr, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,850 sq ft

Lot size: 26,350 sq ft
$4,280,000 : 115 Glengarry Wy, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 4,992 sq ft

Lot size: 22,284 sq ft
$3,700,000 : 80 Tobin Clark Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,896 sq ft

Lot size: 24,500 sq ft
$2,299,000 : 2370 Skyfarm Dr, Hillsborough

4 beds, 2 full, 1 part baths

Home size: 2,930 sq ft

Lot size: 22,638 sq ft
$6,195,000 : 1255 La Canada Rd, Hillsborough

5 beds, 6 full, 1 part baths

Home size: 8,615 sq ft

Lot size: 33,236 sq ft
$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
$4,495,000 : 355 Sierra Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 6,212 sq ft

Lot size: 27,834 sq ft
$29,000,000 : 40 Verbalee Ln, Hillsborough

12 beds, 12 full, 3 part baths

Home size: 35,000 sq ft

Lot size: 5 sq ft
$4,899,000 : 632 Fairway Ci, Hillsborough

4 beds, 6 full baths

Home size: 3,680 sq ft

Lot size: 17,323 sq ft
$2,979,000 : 65 Verbalee Ln, Hillsborough

6 beds, 4 full, 1 part baths

Home size: 4,500 sq ft

Lot size: 33,540 sq ft
$7,900,000 : 38 Lemon Ct, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 7,821 sq ft

Lot size: 32,760 sq ft
$3,998,000 : 5 Santa Maria Ln, Hillsborough

6 beds, 4 full, 1 part baths

Home size: 4,860 sq ft

Lot size: 30,030 sq ft
$7,200,000 : 1952 Forest View Av, Hillsborough

7 beds, 6 full, 2 part baths

Home size: 5,180 sq ft

Lot size: 1.41 ac
$3,295,000 : 110 Roblar Av, Hillsborough

3 beds, 2 full, 1 part baths

Home size: 3,870 sq ft

Lot size: 11,025 sq ft
$14,500,000 : 3115 Ralston Av, Hillsborough

6 beds, 7 full, 3 part baths

Home size: 12,900 sq ft

Lot size: 1.79 ac
$7,990,000 : 101 Tiptoe Ln, Hillsborough

6 beds, 6 full, 1 part baths

Home size: 7,456 sq ft

Lot size: 4 sq ft
$4,880,000 : 7 Scott Ct, Hillsborough

6 beds, 5 full, 1 part baths

Home size: 7,456 sq ft

Lot size: 1.00 ac
$3,188,000 : 2630 Skyfarm Dr, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 5,950 sq ft

Lot size: 1.12 ac
$1,850,000 : 761 El Cerrito Av, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,160 sq ft

Lot size: 22,950 sq ft
$2,480,000 : 1020 Crystal Springs Rd, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,880 sq ft

Lot size: 2.80 ac
$2,688,000 : 30 Terrier Pl, Hillsborough

5 beds, 5 full, 2 part baths

Home size: 4,597 sq ft

Lot size: 1.00 ac
$13,200,000 : 1868 Floribunda Av, Hillsborough

5 beds, 8 full, 2 part baths

Home size: 16,028 sq ft

Lot size: 2.34 ac
$3,998,000 : 50 Verbalee Ln, Hillsborough

6 beds, 6 full, 2 part baths

Home size: 9,000 sq ft

Lot size: 1.14 ac
$2,980,000 : 1155 Tournament Dr, Hillsborough

5 beds, 4 full, 1 part baths

Home size: 4,098 sq ft

Lot size: 24,327 sq ft
$6,200,000 : 812 Irwin Dr, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 6,817 sq ft

Lot size: 1.00 ac
$2,850,000 : 1508 Black Mountain Rd, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 3,170 sq ft

Lot size: 17,400 sq ft
$2,998,000 : 25 Orange Ct, Hillsborough

5 beds, 5 full baths

Home size: 4,700 sq ft

Lot size: 21,920 sq ft
$43,888,000 : 835 Chiltern Rd, Hillsborough

6 beds, 9 full, 3 part baths

Home size: 38,849 sq ft

Lot size: 6.23 ac
$5,990,000 : 168 Tobin Clark Dr, Hillsborough

5 beds, 5 full, 1 part baths

Home size: 7,380 sq ft

Lot size: 1 sq ft
$3,150,000 : 6945 Skyline Bl, Hillsborough

4 beds, 4 full, 1 part baths

Home size: 5,120 sq ft

Lot size: 26,700 sq ft
$1,579,500 : 40 Shady Ln, Hillsborough

4 beds, 3 full, 1 part baths

Home size: 2,970 sq ft

Lot size: 16,618 sq ft
$4,680,000 : 2770 Churchill Dr, Hillsborough

6 beds, 5 full, 1 part baths

Home size: 6,727 sq ft

Lot size: 36,309 sq ft
$5,995,000 : 790 El Cerrito Av, Hillsborough

6 beds, 7 full, 1 part baths

Home size: 7,344 sq ft

Lot size: 40,597 sq ft
$24,995,000 : 350 W Santa Inez Av, Hillsborough

8 beds, 10 full, 2 part baths

Home size: 18,000 sq ft

Lot size: 3 sq ft

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

Market Report for Hillsborough, CA – 11.24.09

lenorewilkas — Tue, 24 Nov 2009 23:16:07 +0000

The town of Hillsborough, California had 65 listings last week ranging from a low of $989,010 for a house that is ready to be torn down so it’s really only land value, to a high of $15,899,000 for a mansion. The average length of time a house is listed today is 165 days. Hillsborough is what some might call a Tony area with trees, privacy and some fantastic views. It attracts people who want privacy, good public schools and caché. The inventory of houses for sale has decreased lately, perhaps because we’re at year’s end, or because the banks have finally opened up their lending portfolios and we’re seeing loans rather than moths flying out of them. The good news is we saw 8 sales.

Here’s the picture of the Hillsborough CA market during the past week. Come on back for more of this on a regular basis.

7-day stats for Single Family properties in HILLBOROUGH, CA as of November 20, 2009
Median List Price	$2,985,000	Average List Price	$4,013,196
Total Inventory	65	Price per Square Foot	$721
Average Home Size	4,328	Median Lot Size	27,878
Average # Beds	4.53	Average # Baths	4.13
Homes Absorbed	8	Newly Listed	1
Days on Market	179	Average Age	44

Median Price for homes in HILLSBOROUGH, CA All ZIP Codes as of November 20, 2009 is $2,985,000

Inventory for homes in HILLSBOROUGH, CA All ZIP Codes as of November 20, 2009 is 65

Average Days on Market for homes in HILLSBOROUGH, CA All ZIP Codes as of November 20, 2009 is 179

Median Market Action Index for homes in HILLSBOROUGH, CA All ZIP Codes as of November 20, 2009 is 22.49

Yes this chart does look rather chaotic but it shows how little has been sold this past year in Hillsborough. There were several weeks where nothing was sold and others where only one property changed hands.

Check Out Some Homes Currently For Sale In This Area

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Free Stamps for San Mateo, Foster City, Burlingame & Hillsborough Residents

lenorewilkas — Wed, 29 Apr 2009 08:08:15 +0000

On May 11th, 2009, the United States Postal Service is going to once again increase postage prices. I know, they just did it last year, but their costs have increased and the number of pieces being mailed has decreased. Therefore, prices rise. Right? And, what does this have to do with real estate? Well, you do have an address that receives mail, don’t you? Yup, that address is attached to a piece of real estate in San Mateo, Foster City, Burlingame or Hillsborough. You receive mail with stamps on it.

If you think about it, the cost to mail a letter across the country is really cheap — currently only 42¢. What can you possibly buy for only 42¢? Nothing. Nada. Not a candy bar. Not a cup of coffee. See why I say the cost to mail a letter is really cheap, because it really is.

Free

If you call us, or email us, we will give you some stamps to help cover your added postage. For Free. We will give you 10 – 2¢ stamps just for asking. That will help you send the first 10 bills you will need to mail on May 11th. Just ask us and they’re yours. Just click on the Contact Us button on the left and you’ll be able to email us instantly that you want those stamps and we’ll get them to you.

Mail Facts

Did you know that the United States Postal Service is the only delivery service that visits every address in the nation? That’s 146 million homes and addresses. There are 37,000 post offices selling postage, products and services to pay for their operating expenses. That the Postal Service is NOT run by the Government so no taxes are used for operation? The Postal Service has annual revenues of $75 billion and delivers nearly half of all mail in the World!

So, this 2¢ increase will raise the cost to mail a letter from 42¢ to 44¢. That’s still a great bargain to see your letter travel from your house to a house or business across the United States.

If you compare postage rates to other countries around the world, our rates are a bargain and this new increase for postage even tracks the 2008 rate of inflation. Look at how much more expensive it is to mail a letter in other country’s and compare the increases they have made. Only Germany has increased less than the US.

Free Stamps

We will give you some 2¢ stamps to help you use up current stamps, but if you are really clever, you can save on your own and buy the Forever Stamps pictured above. These stamps will be good for your postage at what ever new rate may come next, forever. If you pay bills electronically, write to family and friends through email, and only mail letters occasionally, the Forever Stamp is made for you. But if you are like many of us dinosaurs, and still mailing letters, cards and bills, our offer to provide a few free 2¢ stamps to tide you over should make you a happy camper. Just click on the Contact Us button to the left and let us know you’d like some free stamps. It’s as easy as that.

Did You Know that Hillsborough & Foster City Haven’t Dropped In Value That Much?

lenorewilkas — Wed, 18 Feb 2009 21:18:33 +0000

As I was going through my e-mail this morning I was really interested in one e-mail that came from Zillow talking about Fourth Quarter 2008 Market values in our neck of the woods, the one I lovingly call Fantasy Island. As I write this we’re hearing how far the real estate market has dropped in many parts of the country and since this is the only news anyone hears any more — negative blurbs on-line, on-the-air, or in the paper, should you read one, I have some news that is meaningful to us and our market! What a concept. Let’s find out what’s going on in San Mateo County and specifically in the mid-Peninsula. Well folks, the news ain’t so bad.

The real estate market expected a correction in our market for years. In fact, we thought it would come by mid-2004. We were wrong. The market peaked first quarter 2006 and then dropped but not really because of the sub-prime mess as much as fear. Fear is in the air here. Fear for our real estate values. Fear for our jobs. Fear for our economy. Fear. Fear. Fear.

Here’s the good news, kinda…. This data is a reflection of a decline over one year, Q4-2007 to Q4-2008.

If you were one of the many who did not buy a home during the past couple of years, you are just fine. You have good equity in your home and even with this correction your home values have pretty much held. The city with the biggest drop, San Mateo, really is in better shape than the 12.3% drop in value shows since the portion of this city, the second largest in the County, that saw the most decline was in entry level homes. North and South Shoreview, Parkside and pockets around downtown did drop dramatically in value. The westside area homes did not drop as far. I am seeing a drop in most of our areas of around 5%, over all. If you didn’t use your home as a piggybank, you are likely okay today.

Both Millbrae and Burlingame corrected about the same. There are few entry level homes in either city so we didn’t see a lot of short sales last year. Belmont and San Carlos were the same. Few entry level homes or condos meant few 100% loans out there.

Hillsborough had about a 5% correction, and Foster City wasn’t far above that and since Foster City is only one of two planned communities on the Peninsula with many condos for first time buyers, it’s pretty amazing that prices held so well. We have really only seen short sales in the condos in Foster City, so far. The year is young and what is going to happen in our community this year is yet to be seen.

If you’d like to know exactly what your home value is today we’re happy to provide that for you, just ask. You can send us an email or if you prefer, call us, and we are here to help you. If you are thinking about refinancing your mortgage to one with a much lower rate we have four fantastic lenders we refer our clients to and they can help with that here. If you are thinking about selling your home to move to something larger or smaller, we can assist you. If you are considering a purchase for the first time. We’re here for you. Call us at 650-696-2820.

We know the market and we are here to Make Your Real Estate Dreams a Reality in 2009!