Along with some of Hillsborough’s trademark neatly-landscaped streets lined with sprawling 1950s California ranch-style homes, parts of Hillsborough Hills offer stretches of majestic trees, including oaks and California Redwoods, and enough greenery to obscure the grand homes hidden behind. With a population of around 1,300 and a total area of just under 0.6 of a mile, Hillsborough Hills’ population density is 2,176 people per square mile, approximately two-thirds that of Hillsborough as a whole.
The Hillsborough Hills housing market had an unusual 2021, recording zero sales during the first half of the year — in fact only one through August, before notching five more by year’s end. Those six total sales combined for an average value of $4.63 million, a loss of 3% from 2020’s average of $4.7 million. Given Hillsborough’s overall performance, it seems odd that an entry-level neighborhood actually lost value in 2021, but if we look closer we can see that the reduction in overall values is balanced by significant gains in price per square foot (8.4%), the highest sale to list price ratio (117.8%) by far, town-wide, and a slight reduction in average DOM (27 to 25). Interestingly, average prices in Hillsborough Hills have fallen 5.5% since 2019, even as price per square foot has increased by 40% during that same period, a likely reflection of the sold homes just being smaller, on average.
To view a detailed google map of the Hillsborough Hills neighborhood, click here. The MLS area is 451.
Gracious homes on wooded lots with many views of San Francisco Bay
Smallest neighborhood in Hillsborough by area
Neatly landscaped with stretches of majestic trees, including oak and California Redwoods
Wide range of home options, from subdivision properties to ranch-style homes
Real estate tends to vary
Only a handful of homes sell each year
Home Data per tax records
|Single Family Homes|
|1 Bedroom Homes||0|
|2 Bedroom Homes||1|
|3 Bedroom Homes||40|
|4 Bedroom Homes||63|
|5+ Bedroom Homes||45|
|Number of Sales||0|
|Percent List Price Received||0%|
|Median Sales Price||$0|
|Average Sale Price||$0|
|Lowest Sale Price||$0|
|Highest Sale Price||$0|
Hillsborough Real Estate Market Review
Each year Raziel publishes this award winning annual review of the Hillsborough real estate market.