In 2020, Lakeview was the only Hillsborough neighborhood with an average home value under $4 million. In 2021, that average value rose by 11% to finish at $4.361 million, leaving Hillsborough without any sub-$4 million neighborhoods. Median price rose to $4.215 million, a gain of 16%, while price per square foot increased to $1,205, up 12.4% from 2020. Lakeview did this with sales holding firm (32 in each year) and average DOM increasing from 25 to 30. Sale to list price ratio was 104.7% in 2021, an increase of 7% from 2020’s 98.0%.
Lakeview real estate was dominated by an early wave of ranch-style homes and later development of neo-traditional multi-story residences, with homes often smaller than those in surrounding neighborhoods. Some properties have less than 3,000 square feet of interior living space. Most, however, fall between 3,000 and 4,000 square feet, with four or five bedrooms. Lots measure between a half-acre and an acre, and many homes have canyon views.
To view a detailed google map of the Lakeview neighborhood, click here.
Homes have bigger lots, measuring between a half-acre and an acre
Diverse styles of homes, including ranch-style homes and neo-traditional multi-story residences
Close proximity to Crystal Springs Reservoir and convenient Highway 280
Homes are smaller than those in surrounding neighborhood
Home Data per tax records
|Single Family Homes|
|1 Bedroom Homes||0|
|2 Bedroom Homes||9|
|3 Bedroom Homes||150|
|4 Bedroom Homes||330|
|5+ Bedroom Homes||168|
|Number of Sales||27|
|Percent List Price Received||105.3%|
|Median Sales Price||$4,380,000|
|Average Sale Price||$4,428,000|
|Lowest Sale Price||$2,700,000|
|Highest Sale Price||$7,550,000|
Hillsborough Real Estate Market Review
Each year Raziel publishes this award winning annual review of the Hillsborough real estate market.