New escrows in the month of May signal forward movement for the Hillsborough real estate market. Upon the March 16 Shelter in Place, Hillsborough experienced the feeling of being "on pause." New escrows were non-existent as the economy and the world braced in crisis mode. As we crossed the threshold into May, confidence increased with some key new sales. Significantly for the $5M+ luxury market, my listing at 880 Sharon Avenue, (pictured), list $6,298,000, went into contract confidently on May 4. This listing boasts a showcase total rebuild by Wilkinson Construction and was truly the talk of the town at a #1 Lower North location.
Here's the rundown of Hillsborough homes that have gone into contract for April/May:
- 880 Sharon Avenue, Lower North. List $6,298,000. Sale Pending on May 4.
- 320 Robinwood Lane, Carolands. List $4,998,000. Sale Pending on May 7.
- 1330 Hayne Road, Carolands. List $4,995,000. Sale Pending on May 9.
- 110 Stonepine Road, Mid North/Homeplace. List $4,650,000. Sale Pending on April 28.
- 415 Ranelagh Road, Lower South. List $3,500,000. Sale Pending on April 10.
Other sales were transacted prior, but recently closed after May 1:
- 3080 Ralston Avenue, Carolands. (Off Market) List $12,000,000. Closed $12,000,000 on May 11.
- 125 Fallen Leaf Drive, Lower South. (Off Market) List $7,595,000. Closed $6,750,000 on May 6.
- 20 Kinder Lane, Woodgate Hills. List $4,999,999. Closed $5,000,000 on May 11.
