The Tobin Clark Estate Real Estate Market Update September 2011 - Not Much Activity

Raziel Ungar

October 16th, 2011 - 2 min read
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There has not been a lot of recent activity in the Tobin Clark Estate neighborhood of Hillsborough in 2011 (to view the Tobin Clark Estate area on a Hillsborough map, click here). Year-to-date through September, there have been seven single family detached homes sold, as compared to 12 at the same point last year. Low sales activity is a product of the fact that it is a small neighborhood, rather than a lack of demand. Active inventory of single family homes at the end of September was seven homes, and only 15 homes have been listed all year.

Tobin Clark Estates is named after Richard Tobin who was part of a prominent family that came to the area during the Gold Rush. He lived for some time in a country estate at 360 Poett Road, designed by Lewis Parsons Hobart, who was the architect that implemented the design of Grace Cathedral atop Nob Hill.

Median and average prices in the neighborhood are well over $3 million, making it one of the most expensive areas in the nation.

Recent Sales in Tobin Clark Estate

Address Recent Sale Beds Baths Square Feet Previous Sale Annual Change
40 Glenbrook Sep 2011 $2,050,000 4 3.5 3,695 Jun 1999 $1,080,000 5.4%
5 Mountain Wood Sep 2011 $3,600,000 6+ 4+ 6,915 Aug 2006 $4,050,000 -2.3%
5 Anguido Aug 2011 $2,250,000 5 4+ 4,810 Mar 2000 $2,000,000 1.0%

By The Numbers - Tobin Clark Estate September 2011

YTD Total or Average
Jan - Sep 2010 Jan - Sep 2011
Sales 12 7
Days on Market 87 63
Average Price $3,309,333 $3,398,286
Median Price $3,904,500 $3,646,857

See below for all of our latest real estate market updates for September 2011:

San Mateo County Belmont Burlingame and neighborhoods (Burlingame GroveBurlingame HillsBurlingame VillageEaston AdditionMills EstatesRay ParkTerrace) Foster City Hillsborough and neighborhoods (Upper Hillsborough, Tobin Clark Estate real estate, Lower Hillsborough) Redwood City Redwood Shores San Carlos San Mateo

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