In the 60-plus years since Carolands was developed, most of its original homes have themselves been upgraded. Some have been expanded and added onto; others have been razed and replaced. Today, with a median price that is pushing $4 million, Carolands homes for sale are still positioned right in the middle of the Hillsborough real estate market. Approximately 86% of properties are owner-occupied and its median resident age is 47, numbers almost identical to those of Hillsborough as a whole. Carolands’ for-sale inventory is chronically low, a product of the neighborhood’s rock-like stability – and a phenomenon also identical to that of Hillsborough as a whole.
Carolands is located in Hillsborough’s western hills, convenient to 280 and near the Crystal Springs golf course. Most of its homes are within walking distance of West Elementary School, one of Hillsborough’s three excellent public elementary schools. Burlingame Avenue businesses are a two-mile direct jaunt down Chateau Drive and Ralston Avenue away. Though newer than some neighborhoods and older than others, in many ways Carolands is Hillsborough’s “every neighborhood.”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||none|
|2 Bedroom Homes||4|
|3 Bedroom Homes||190|
|4 Bedroom Homes||232|
|5+ Bedroom Homes||125|
|Number of Sales||10|
|Percent List Price Received||97.6%|
|Median Sales Price||$4,300,000|
|Average Sale Price||$5,099,000|
|Lowest Sale Price||$2,800,000|
|Highest Sale Price||$11,350,000|
Hillsborough Real Estate Market Review
Each year Raziel publishes this award winning annual review of the Hillsborough real estate market.