In 2021, Hillsborough’s second-most popular neighborhood became even more popular. After logging 17 sales for three out of four years, Carolands notched 29 last year, an increase of almost 71%. Homes here sold with an average of $5.6 million in 2021, up 26% from 2020’s $4.444 million (and 46% from 2019’s average of $3.838 million. The median increased similarly, to $5 million, 22% higher than 2020’s $4.1 million. Carolands’ overall data was pumped up a bit by a $16.8 million sale, but if you remove that outlier Carolands’ average price falls to $5.21 million, still 17% higher than in 2020, a year whose data included a $12 million transaction. Carolands buyers paid $1,350 per square foot in 2021, up 15% from 2020 and bought their homes in an average of 25 days, almost twice the 14 DOM recorded in 2020 but 37% less 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 | 2021 |
|---|---|
| Number of Sales | 33 |
| Percent List Price Received | 100.8% |
| Median Sales Price | $5,000,000 |
| Average Sale Price | $5,425,000 |
| Lowest Sale Price | $2,520,000 |
| Highest Sale Price | $13,500,000 |
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
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$3.23M - $5.38M
Parrot Drive