The news is all good for sellers in Lakeview, Hillsborough’s second-most popular neighborhood for sales in 2024. After suffering an off-year in 2023, Lakeview rebounded last year with 16 sales (up 33%, but still a long way from 2021’s total of 32, most in the city that year) and an average home value of $5.278 million, an increase of 24%. Meanwhile, average DOM fell by more than 20%. One caveat is one 15,000 square-foot new build sold for $14.75 million. Without this one sale, Lakeview’s average home price falls to $4.49 million, though its average DOM drops from 52 to 42 and its average price per square foot rises to $1,262.

To view a detailed google map of the Lakeview neighborhood, click here.

Favorable

• 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
  

Adverse

• Homes are smaller than those in surrounding neighborhood

Equally known for its pleasant, rolling streets as well as multi-million dollar estates, Hillsborough represents the pinnacle of exclusive yet laid back peninsula homes. With close proximity to all major roads, yet still secluded and private enough for the most discriminating homeowner, Hillsborough’s large but subtle homes and roads-without-sidewalks “woodsy” feel apppeal to many. And, it’s also one of the best and most picturesque towns on the peninsula for a Saturday jog!

The public school system in Hillsborough is among California’s finest, with an excellent faculty to student ratio and a successful technology program. Hillsborough’s Crocker Middle School is well known in the area for its excellent preparation of its students for high school and beyond. And, there are also three excellent private schools in Hillsborough: the Bridge School, which serves students with physical and speech impairments, the Nueva School, a noted elementary school, and Crystal Springs Uplands School, a well established and respected elementary through high school.

As of the year 2000, Hillsborough was the highest income place in the United States for cities of a population of 10,000 or more. The town is six square miles, of which 238 acres are open space and cannot be developed. It’s name comes from the hometown of William Davis Merry Howard in New Hampshire, who visited the peninsula in 1864 as a 16 year old and convinced his shipping magnate father to buy Rancho San Mateo (including what is today the city of San Mateo).

As Hillsborough is all single family homes, the town contributes a portion of the budget to the Burlingame and San Mateo libraries, and shares a fire department with Burlingame, called Central County Fire.

Special Yearly Event: The Concours d’Elegance, benefiting the Hillsborough Schools Foundation, held each August on the golf course started in 1956 by Hillsborough mothers.