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Hillsborough, CA Real Estate News

 Luxury homes in Hillsborough Ca and the downturn market While the value of luxury homes seems to have held up better than the rest of housing market, prices are starting to show decline due to recession, job losses, and sinking stock portfolios. Loan restrictions, and difficulties with appraisals also had effect on sales of luxury homes. Sales of less expensive houses on other side are accelerating as buyers and investors take advantage of bargain prices, low interest rates and first-time homes buyers tax credit. The days on the market has really increased accross Bay Area on the high-end. The inventory of luxury homes grows accordingly, thought we had a good number of homes sold.    The number of under contract Hillsborough luxury homes in October 2009 by 45% higher than in October o...
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By James Light, Sales Manager, REALTOR - San Mateo
(Century 21 M&M and Associaties)
What's moving in Hillsborough?  Hillsborough , CA A listing of the homes selling in the Hillsborough Neighborhood. All homes are currently active at the time of this message being published. Street Address List Price Beds Baths Bldg SqFt Lot Size Range City Class Status SHARON AV $15,899,000 6+ 4+ 8338 1+ to 2.5 Acres Hillsborough 1 1-Active HOMS CT $12,999,000 6+ 4+ 9480 1+ to 2.5 Acres Hillsborough 1 1-Active  PULLMAN RD $11,495,000 6+ 4+ 11000 1+ to 2.5 Acres Hillsborough 1 1-Active BRANDON CT $8,888,888 6+ 4+ 7400 .5+ to 1 Acre Hillsborough 1 1-Active IRWIN DR $6,995,000 5 4+ 6673 1+ to 2.5 Acres Hillsborough 1 1-Active CHILTERN RD $6,950,000 6+ 4+ 7870 1+ to 2.5 Acres Hillsborough 1 1-Active CRYSTAL SPRINGS RD $6,500,000 4 4+ 4850 2.5+ to 5 Acres Hillsborough 1 1-Active PARKSIDE AV...
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By Phil Caulfield, I Get The Loans Done That The Big Banks Don't!
(Prosperity Home Mortgage)
There are going to be 24 open houses in Hillsborough CA on the weekend of September 12th and 13th. Here is a list of these open houses (source mlslistings.com):   885 Hillsborough Blvd. $5,495,000 - open Sunday 2-4 2700 Ralston Avenue $4,795,000 - open Sunday 1:30-4:30 38 Lemon Court $4,680,000 - open Sunday 3:30-4:30 15 Jewell Place $4,650,000 - open Sunday 2-4 1016 San Raymundo Road $4,395.000 - open Sunday 2-4 555 Craig Road $4,395,000 - open Sunday 1:30-4 5 Santa Maria Lane $4,280,000 - open Sunday 1-4 280 Sierra Drive $3,650,000 - open Sunday 1:30-4:30 100 Stonepine Road $2,998,000 - open Sunday 2-4 255 Pinehill Road $2,680,000 - open Sunday 1-4 130 Rizal Drive $2,590,00 - open Sunday 1:30-4:30 1305 Hayne Road $2,350,000 - open Sunday 1:30-4 40 Braemar Drive $2,325,000 - open Sunda...
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By Phil Caulfield, I Get The Loans Done That The Big Banks Don't!
(Prosperity Home Mortgage)
Getting a jumbo loan in Hillsborough, CA has become more difficult in 2009. According to this website, there are currently 83 homes for sale on July 30, 2009. This number is higher than normal, and does not include homes that are not on the multiple listing service. There ary many sales in Hillsborough that never are recorded on the MLS. One of the reasons that so many homes are on the market is because of the lack of jumbo financing in recent months. There have been some developments recently that make getting a jumbo loan in Hillsborough, CA easier than it has been in a while. Some lenders have come back into the jumbo loan market. For example, one lender is offering jumbo loans for up to $5 million. The price range of homes currently on the market is between $1,350,000 to $18 million...
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By Lenore Wilkas, Your North County Lifestyle & Real Estate Expert
(Engel & Völkers - Carlsbad Village )
We've heard good news in the lending arena today and that means the purse strings are finally opening up with lenders.  If you are thinking about buying in Hillsborough, this is a Great Time to do so.  Prices are trending downward and homes are remaining on the market longer with about 1/3 of them receiving price reductions and the others likely to soften on price should a solid offer show up.  Last week there were 45 homes on the market in Hillsborough with the least expensive priced at $1,895,000 and the most expensive home at $18,000,000. 5 properties were absorbed (they either sold, or were removed from the market for other reasons). And yes, there is a huge difference in price and quality of home priced at the top of the price point, but getting into Hillsborough for under $2 mill...
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By Vincent Scherba
(Alain Pinel Realtors)
Like other places in the country, the S.F. bay area has its low income "pockets" where values are down and there are foreclosures taking place on homes bought in the last couple years [usually with zero or little down payment].Now here's the strange twist to this market "adjustment", which we've not experienced before. The high-end homes in the affluent areas are still appreciating, there are still multiple offers on some & overbids. Just outside S.F. on the west side of the bay is an area referred to as "the mid-peninsula". This area has many desirable areas which are still seeing this type of strong activity. I'll describe one city to give you an idea. Hillsborough is a city of approx. 3,000 homes and is one of the most expensive cities in the U.S. [as well as Atherton, Woodside, Los ...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the November MLS statistics for Single Family Homes in hillsborough, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the October MLS statistics for Single Family Homes in Hillsborough, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Lenore Wilkas, Your North County Lifestyle & Real Estate Expert
(Engel & Völkers - Carlsbad Village )
We are beginning to see that the trend is continuing.  Hillsborough is also a Cool Buyer's Market.  This is our local community with the highest median price for a single family home, $3,299,000.  But, for that price you get a lot of house and land.  The average home is about 4800 square feet and lots in Hillsborough are a half acre minimum.  The schools in Hillsborough are the best in the county with three public elementary schools and one intermediate school.  For high school the kids can attend one of several in the San Mateo Union High School District; Burlingame, San Mateo, or Aragon High Schools. We're seeing homes staying on the market for much longer than other communities surrounding Hillsborough, with an average of 95 days before a sale plus the prices are holding with less th...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the September MLS statistics for Single Family Homes in Hillsborough, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Lenore Wilkas, Your North County Lifestyle & Real Estate Expert
(Engel & Völkers - Carlsbad Village )
Every year the parents of St. Matthews Episcopal Day School in San Mateo run Dickens House.  It is generally held in a Hillsborough mansion that a group of designers have redone and then the parents fill the house with unusual gifts and Christmas goodies for the public to buy.  It's always a great hit with the locals.  Tickets always sell out and the lines are long.  This year, they are offering us a chance to see the house before it's decorated for Christmas and filled with all of those holiday gifts.  But you have to hurry!  It's happening right now.  Open between 9:30 and 2PM and on Sunday from 11AM through 3PM, you can see this mansion today through September 23rd.   The house is located at 108 Stonehedge Road in Hillsborough.  Top interior decorators from the Peninsula have banded ...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the August MLS statistics for Single Family Homes in Hillsborough, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Lenore Wilkas, Your North County Lifestyle & Real Estate Expert
(Engel & Völkers - Carlsbad Village )
Hillsborough, California, 94010, is considered one of the most expensive communities in the country and one of the most expensive in San Mateo County.  Atherton is always in the top three nationally.  Hillsborough is in the top ten.  This beautiful town wends its way up and down hills filled with trees and amazing  views of the San Francisco Bay.  The lots are large with a minimum half acre mandated.  Homes are generally large and grand in scale. Last week there were 45 homes on the market with a median list price of $3,499,000.  These were mostly 5 bedroom, 4 bath homes with about 4900 square feet of space.  The least expensive home on the market last week was for $1,950,000.  The most expensive home was $24,500,000.  Prices have been trending downward in Hillsborough the...
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By John Pinto
(Realty World - John V. Pinto & Associates, Inc.)
I have reviewed the July MLS statistics for Single Family Homes in Hillsborough, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto
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By Artur Urbanski, Helping property owners to maximize property value
(Cimpler Real Estate, Inc.)
  Is Hillsborough, CA better than Burlingame, CA? The two cities (to be more precise, Burlingame is a City and Hillsborough is a Town), are situated next to each other and share the same zip code – 94010. Hillsborough is known as a town of beautiful and expensive homes. Burlingame has become third most desirable place to live in Northern California (after San Francisco and Palo Alto). According to a local hearsay – Burlingame was conceived as a “service city” for Hillsborough.  However, the truth (according to the Hillsborough town website) is that Hillsborough was created as some of the early Burlingame inhabitants were not willing to pay taxes to build sidewalks and light streets. So, they decided to secede and incorporated Hillsborough. And this is how it stayed until today as Hills...
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By Lenore Wilkas, Your North County Lifestyle & Real Estate Expert
(Engel & Völkers - Carlsbad Village )
Today I'm continuing the question I keep get about "What's going on with the real estate market in San Mateo County?"  with the Town of Hillsborough which also shares the zip 94010.  Hillsborough is considered one of the most expensive towns to live in in the United Statae so the median price for a home is high, high, high.  Last week the median price was at $3,495,000 but for that you get a 5 bedroom 4 bath home on between one half to a whole acre.  The Altos Research report tells us that last week there were 49 homes for sale in Hillsborough with an average time on the market of 123 days.  The inventory is up in Hillsborough, the Market Action is trending down, as it is in most of our local cities.  Days-on-Market is also trending lower and conditions are ...
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