Market Report for Hillsborough, CA – 11.24.09

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$2,985,000Average List Price$4,013,196
Total Inventory65Price per Square Foot$721
Average Home Size4,328Median Lot Size27,878
Average # Beds4.53Average # Baths4.13
Homes Absorbed8Newly Listed1
Days on Market179Average Age44
Median Price for homes in HILLSBOROUGH, CA All ZIP Codes
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
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
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
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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