Where’s the Market Trending? – Hillsborough, CA – 02.22.10

Hillsborough, CA is one of the 10 most expensive communities in this country.  It is a beautiful town of about 9000 people with no commercial district.  Shopping is done in Burlingame or Millbrae or San Mateo depending on the orientation of the property.  The houses are large here.  The lots are a minimum half acre, which in our area is large.  Prices, of course, are large as well, and inventory, like the rest of our area is low.  Some of reasons for this have to do with the difficulty of buyers getting jumbo-jumbo loans, and  because of this we aren’t seeing many sales.

This is one of the nicest towns in all of California.  Top schools, easy commutes north to the City or south to Silicon Valley make this a choice of senior executives at major corporations.  Trees, views, the feeling of seclusion without being far from anything make Hillsborough CA a terrific choice for families.

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Play around with the numbers at the top left of this chart to see the historical data on inventory versus price.  It’s interesting to do this and gives a good picture of how few homes are for sale in Hillsborough in any one period of time.  The chart goes back about 5 years, during the heat of the market bubble, and inventory was even lower than today!

If you’re interested in learning more about Hillsborough, CA, and would like more in-depth market data, please click the “Contact Us” button and we will be back to you by phone or email, your choice.  The Wilkas Group is well versed in this market and it would be our pleasure to assist you with your real estate needs be it buying or selling.  If you are experiencing financial hardship and need to sell short, we are specialists in this type of transaction.

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