Carolands real estate ranges in price from the mid-$3 million all the way up to eight figures. The community’s housing inventory leans toward sprawling, three-, four- and five-bedroom ranch-style homes built in the 1950s and 60s, with spacious half-acre-and-up lots. Many have San Francisco Bay views. Dotted in among the original mid-century homes are newer, often larger properties, and a handful of older, traditional homes whose origins pre-date the subdivision of the original Carolands estate.

Carolands saw a significant drop in overall sales in 2022. By year’s end, only 17 homes had sold in Hillsborough’s second-most popular neighborhood, equal to the total sold in 2020 and 2019 but down 41% from 2021’s record-setting total of 29. Average and median prices, which rose impressively in 2021 (26% and 22%, respectively, from 2020) fell by 3% and 4%, while average price per square foot, which increased by 20% year-over-year in 2021, rose another 7% to $1,447. Average DOM rose precipitously to 60, an increase of 138% from 2021’s 25, while price per square foot and sale-to-list price ratio remained somewhat static.

 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