My Hillsborough Annual Analytics Report will be published sometime mid-January-February, depending on final data availability. Don't miss this exclusive market summary articulating many crucial metrics such as volume, days on market, price per sq. ft., percentage of original list price achieved, and more.
Please email request for the 2011 Hillsborough Annual Analytics
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| Hillsborough Real Estate Year over Year Sales Comparison | |||||||
Year |
Total Sales |
Avg. Sales Price |
Median Sales Price |
Avg. $ per Sq. Ft. |
% List Price Achieved |
Avg. DOM |
Total MLS Sales Volume |
| 2011 | 137 | $2,627,551 | $2,200,000 | $697 | 95% | 73 | $352,091,813 |
| 2010 | 125 | $2,718,857 | $2,375,000 | $679 | 94% | 91 | $339,857,100 |
| 2009 | 100 | $2,738,331 | $2,335,000 | $684 | 94% | 77 | $273,833,088 |
| 2008 | 94 | $3,035,748 | $2,507,500 | $789 | 96% | 48 | $285,360,358 |
| 2007 | 127 | $2,959,768 | $2,600,000 | $791 | 96% | 69 | $375,890,530 |
| 2006 | 123 | $2,963,690 | $2,500,000 | $787 | 97% | 69 | $364,533,850 |
| 2005 | 152 | $2,772,835 | $2,500,000 | $723 | 98% | 56 | $421,470,933 |
DOM=Days on Market. Data per RE Infolink MLS Listings and SAMCAR. Information deemed reliable but not guaranteed, and reflects only those single-family sales reported to MLS. |
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Here is the Market Summary excerpt from Geoffrey Nelson's 2010 Hillsborough Annual Analytics Report, published Feburary 2010:
HILLSBOROUGH HOMEOWNER’S UPDATE: 2010 positively reinforced the market's continued recovery and stabilization with increased volume and encouraging activity from key buyer demographics. If December/January is any indication of the spring market to come, the numbers were inspired: from Dec. 1, 2010 - Jan. 31, 2011, a solid 24 Hillsborough listings went sale pending, including some with multiple offers and one closing at over $1,000 per sq. ft. For this same period last year (12/1/09-1/31/10) there were 16 sales. Increased confidence at all price points was evidenced from Hillsborough's key buyer demographics:
- Families, couples, and individuals coming down from San Francisco
- Move-up buyers from surrounding areas such as San Mateo and Burlingame
- Hillsborough homeowners scaling up or scaling down within Hillsborough
- Incoming executives for industries such as biotech, high tech, and investing
- Overseas buyers in increasingly liquid positions
Beyond the post-Lehman Bros. fallout and TARP phases of 2008 and 2009, the year 2010 and thus far 2011 have proven healthy transitional periods in getting buyers back into the marketplace, perceiving values, and more fundamentally, getting them off the sidelines and on with their lives. This is reflected by 2010's 125 total Hillsborough sales with total volume of $339,857,100, the best output since 2007, and in fact shadowing 2006's 123 sales and $364,533,850 in total volume. By comparison, 2005 embodied the old seller's market posting 152 sales and $421,470,933 in total volume. 2010 off-market activity,although not reported in MLS,was also steady. In our new adjusted market, the capabilities of the Realtor have never been more critical. World-class marketing plans, effective negotiating, connectivity with buyer profiles, and off-market networking are just some of the driving forces that influence success in this new sales environment. I look forward to demonstrating these strategic virtues and much more should you consider buying or selling in Hillsborough this year. For over 100 years,Hillsborough has been one of the most desirable communities in the country. The neighborhood synergy of top schools, sophisticated estates, and proximity to hallmarks of technology, finance, and education continues to inspire high demand from home buyers. With demand on the rise, and supply not burgeoning, I look forward to another promising year in Hillsborough real estate.
Best Regards,
Geoffrey Nelson