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.
- 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
- 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|
|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.