Last year Hillsborough’s second-most popular neighborhood posted 17 sales for the second year in a row and third out of four. Average prices rose 16%, to $4.44 million, and the median increased by 14% to $4.1 million. Average DOM fell to a microscopic 14 days, second-lowest in Hillsborough and down 65% from 2019. One caveat about Carolands’ increased property values: last year’s data includes an 11-bedroom historic Tudor mansion (that reportedly includes the longest residential water slide west of the Mississippi) that sold for $12 million in June. Ironically, at 15,000 square feet, it also was single handedly responsible for driving down the neighborhood average price per square-foot to $1,176, 2% lower than 2019’s $1,204. Remove that one sale and Carolands’ average price per square-foot rises to $1,290, 7% higher than in 2019.
To view a detailed google map of the Carolands neighborhood, click here. The MLS area is 446.
Favorable
- A wide range in real estate prices
- Has newer and larger properties as well as older and traditional homes
- Spread out, ranch style homes with spacious, half-acre-and-up lots
- Many homes have San Francisco Bay views
Adverse
- Inventory is typically on the lower side
Home Data per tax records
| Single Family Homes | |
|---|---|
| 1 Bedroom Homes | 0 |
| 2 Bedroom Homes | 4 |
| 3 Bedroom Homes | 190 |
| 4 Bedroom Homes | 232 |
| 5+ Bedroom Homes | 125 |
| Condos/Townhomes | 0 |
| Duplex | 0 |
Price Data
| Year | 2020 |
|---|---|
| Number of Sales | 23 |
| Percent List Price Received | 98.6% |
| Median Sales Price | $4,100,000 |
| Average Sale Price | $4,458,000 |
| Lowest Sale Price | $2,500,000 |
| Highest Sale Price | $12,000,000 |
Hillsborough Real Estate Market Review
Each year Raziel publishes this award winning annual review of the Hillsborough real estate market.
Other Hillsborough Neighborhoods
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Mandalay Heights
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Paradise Valley
