How’s the Market in Hillsborough CA 03.08.2011?

Real Estate Market Chart by Altos Research www.altosresearch.com

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.

Hillsborough

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.

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