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Six Hillsborough Sales this Week Reflect Market Strength

Six Hillsborough listings have gone into escrow this week already, reflecting continued strong demand. 2230 Oakdale Road listed at $2,145,000 for a 4 bedroom, 3200 ft. home on a 14,810 sq. ft. lot went pending with only 6 days on market and therefore had its Broker Tour Cancelled. 80 Tobin Clark Drive (pictured), originally listed at $3,700,000 55 days ago, and recently reduced to $3,495,000 has just gone pending as well. This supports the norm of 5-10% price reductions after about 30 days on market being conducive to a sale. The Tobin Clark home was freshly remodeled throughout, with about 3,896 sq. ft. The Tobin Clark neighborhood of Hillsborough is known for its consistency of larger luxury homes typically from the 1970s, 1980s, 1990s, many with spectacular vistas above the Bay. 565 Chateau Drive also quickly went pending this week with only 8 days on market. This home anchored the mouth of Hillsborough's "New Mansion Row" about where Provident connects to the 3000 block of Ralston Avenue. The home was strong on sq. ft. at 5,935 despite being on a slightly busy corner. 761 El Cerrito also received a couple offers this week after its long 200+ day marketing period. Despite Crystal Springs Road noise in the back yard, and a "pool in the front" garden, this 3,000+ 4-bedroom represented an excpetional value in Lower South Hillsborough, and in fact, there is no such other listing now available. 110 Roblar and 463 Remillard also went pending this week. Remillard was a particular favorite of mine with its sweeping nearly acre lot, open floorplan, and tucked-away location. The Carolands neighborhood of Hillsborough hosts many ranch homes that are wonderfully conducive to open floorplan indoor/outdoor living when performing remodels. I have many clients seeking this "open flow" of space from indoors to outdoors....a Carolands neighborhood ranch home will be the perfect investment to realize this vision around $1.9 - $2.4 typically.

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