Even in a town whose reputation is built on seclusion and unspoiled nature, the lushness of Skyfarm’s wooded hills and flora stand out. Its narrow, curving roads wind through a topography that makes large scale residential development difficult, which is why the neighborhood’s homes are generally newer than those in surrounding neighborhoods. Outside of a few pre-war residences, Skyfarm real estate dates back no further than the 1970s.
Skyfarm homes saw a significant increase in average and median price in 2020, rising 14% and 8%, respectively, to $4.73 and $4.53 million. The market also saw a breathtaking increase in average DOM, from 23 to 100, but that glitch can be explained. A total of eight homes sold in Skyfarm last year, one less than in 2019; one of those homes took 451 days to sell. If you remove that single outlier from the data, Skyfarm’s average DOM drops by half to 49.5 — still a significant increase from 2019 but not one for the record books. This example reminds us how important it is to consider sample size when analyzing Hillsborough’s real estate market. Likewise, often a single home will skew average property values, but unlike in some prior years that was not the case in Skyfarm last year. Homes sold evenly across price points ranging from $3.5 to $6.7 million.
To view a detailed google map of the Skyfarm neighborhood, click here. The MLS area is 450.
- Secluded, wooded, and private
- Generally newer homes than those in surrounding neighborhoods
- Hilly with narrow curving roads that make large scale residential development difficult
Home Data per tax records
|Single Family Homes|
|1 Bedroom Homes||0|
|2 Bedroom Homes||0|
|3 Bedroom Homes||49|
|4 Bedroom Homes||160|
|5+ Bedroom Homes||144|
|Number of Sales||10|
|Percent List Price Received||96.6%|
|Median Sales Price||$4,650,000|
|Average Sale Price||$4,842,000|
|Lowest Sale Price||$3,498,000|
|Highest Sale Price||$6,680,000|
Hillsborough Real Estate Market Review
Each year Raziel publishes this award winning annual review of the Hillsborough real estate market.