After crossing the $4 million benchmark in 2021, Lakeview real estate continued its upward trajectory in 2022, finishing the year with an average home price of $4.841 million — 11% higher than in 2021. The average price per square foot, which crossed the $1,200 mark in 2021, continued to rise as well, landing at $1,259 for the year, an increase of 4.5% year-over-year. The news wasn’t all rosy for Hillsborough’s busiest real estate market, however; overall sales in Lakeview, while still the highest in Hillsborough, fell by 37.5% in 2022, from 32 in 2021 to 20 last year.

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.