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11January 2018

Hillsborough 2018 Starts with a Bang!

Geoffrey C. Nelson
The first Hillsborough Sale of 2018 lands at 615 Brewer Drive, an off market transaction that has just closed on January 3 at its asking price of $13,800,000. Lower North's Brewer Drive is on the short list of the most prestigious, most quintessentially "Hillsborough" streets in town. The property comprises .93 acre with a 1920s character home that had been remodeled over the years. A new guest house and tucked-away sport court was added by the owner in recent years. Don't miss my Hillsborough Real Estate Off Market Annual Review 2017 for ...
11January 2018

Hillsborough Off Market Annual Review 2017

Geoffrey C. Nelson
Just Published by Geoffrey Nelson...Hillsborough Real Estate Off Market Annual Review 2017...The Market Never Sleeps....on MLS or Off the MLS....
28December 2016

Hillsborough Buyers Await Inventory Reset

Geoffrey C. Nelson
Approaching New Year's Eve 2016, Hillsborough active home inventory has dwindled to just 14 available homes. Clearly, the listings that remain fall into the white elephant categories of unrealistically priced, poorly presented, or extremely eclectic. Case in point, 11 of the 14 active listings have endured 100+ days on market. Average days on market in Hillsborough is about 40 days. And most of the prime Hillsborough listings this year have sold within 2 weeks. Topping the list of active Hillsborough homes for sale remains the De Guigne ...
28November 2016

Lower North Corner Lot

Geoffrey C. Nelson
1765 Willow Road, just listed at $4,595,000, is one of the rare new Hillsborough listings of December. The Fall listing season typically is very active between Sept. 1 and November 20, but then tapers off for the holidays. The most active season of the real estate year is the widely anticipated Spring Market between February and May. Buyers can expect many new Hillsborough listings by late January/early February 2017. 1765 Willow Road occupies a prime Lower North location easily walkable to North School and Burlingame Avenue. The flat .49 ...
14November 2016

Hillsborough 2016 Market Roundup

Geoffrey C. Nelson
Approaching Thanksgiving 2016 Hillsborough market trends demonstrate overall transaction volume down, key indicators of price per sq. ft. and Days on Market stronger, and high-end indicators of off-market activity and eight-figure sales with a healthy showing. We will finish 2016 with about 10-15 fewer sales than 2015. Last year's total Hillsborough sales reported to MLS was 122. Right now for November 2016 we are hovering at 99 sales. The drop can be partly attributed to tight inventory making sellers less agile in finding their next home, ...
5October 2016

Sold Over Asking: 10 Victor Park Lane

Geoffrey C. Nelson
My listing at 10 Victor Park Lane, listed at $4,298,000, attracted 2 offers in just 10 days on market, and has closed for $4,480,000. The house last sold in 2012 for $2,750,000 and since underwent updating to the kitchen, two bathrooms, and more.
5October 2016

Hillsborough Luxury Market Surges Forward

Geoffrey C. Nelson
The Town of Hillsborough has posted 4 sales over $10,000,000 in just the last 30 days.  This is bold and healthy news for a luxury market ensconced between Silicon Valley and San Francisco, known for its affluence and charismatic architecture. While there were a handful of $8,000,000 - $9,000,000+ sales reported to MLS in 2015, there were NO eight-figure sales, thus denoting a decided increase in luxury activity for 2016. For 2015, insiders will note the $13,500,000 off-market sale on Culebra Road in July of 2015. Notwithstanding, in addition ...
6July 2016

Best Views in Hillsborough *VIDEO*

Geoffrey C. Nelson
Rolling hills and proximity to the water define Hillsborough as a mecca for Bay views. But where in Hillsborough will you find the ultimate vista points? A case could be made for Tobin Clark Drive, Pinehill Road, Robin Road, Parrott Drive, and some cul-de-sacs off of Summit Drive. But with my new listing, the champion of unobstructed, panoramic scenic glory is revealed at 30 Miranda Court! This small court off of Southdown is not far from Black Mountain Road and the Highway 280 connection, yet exists as a world unto itself...the Pinnacle of ...
15April 2016

Knightwood Lane Sale

Geoffrey C. Nelson
My listing at 35 Knightwood Lane in Lower North Hillsborough, recently closed for $5,150,000. The home was totally renovated 8 years ago, with a flowing indoor/outdoor design on one level. Intense bidding of 6 offers eclipsed the $4,495,000 list price.
15April 2016

Hillsborough Spring Sales 2016

Geoffrey C. Nelson
Hillsborough Spring closings are demonstrating strong price per sq. ft. and hot demand with low days on market. The total Hillsborough inventory has hovered around 30 homes for sale so far this year, a low supply indeed. In addition to the Hillsborough homes sold this Spring in the spreadsheet below, there has recently been an $11,000,000+ closing for a 2-acre estate off-market. 250 Bridge Road (pictured) at one of Lower South Hillsborough's favorite streets, closed in February for $6,300,000 as a new construction at $1,438 per sq. ft. per ...
15September 2015

Hillsborough Posts 5 Sales over $6M in last 2 weeks

Geoffrey C. Nelson
The busy post-Labor Day market is upon us...the high-end market of Hillsborough has jumped out of the gates posting 5 sales over $6,000,000 since Sept. 3. Two of those sales recorded were for homes listed over $9,000,000 in the Lower North Hillsborough neighborhood. (photo above is aerial of Lower North Hillsborough and the Burlingame Country Club) The two Lower North pending sales at $9M+  are found on the prized streets of Seabury Road and Brookvale Road. Other A+ streets of Lower North Hillsborough include (but not limited to) Brewer ...
8September 2015

250 Bridge Road Taking Shape

Geoffrey C. Nelson
One of Lower Hillsborough's most in-demand streets is fortunate to host a new construction underway: 250 Bridge Road (inset rendering and in-progress 9/15 above) is a brand new construction in progress by Brewer Development. This local luxury builder claims some iconic new construction sales on its resume, including the epic Mediterranean at 3115 Ralston that closed in 2013 for $11,000,000. Brewer Development has also developed and sold 610 Brewer Drive in 2014. Architecturally speaking, 250 Bridge Road could be considered a "mini" 610 ...
30August 2015

Carolands New Construction Sells $5,850,000

Geoffrey C. Nelson
620 Darrell Road, Hillsborough has just closed escrow for $5,850,000. The English Country style Hillsborough home for sale offered 5,676 sq. ft. on approx. .54 acre. Just a year and a half ago, this price would be difficult to attain in the Carolands, especially on Darrell Road, which often gets assigned some discount for its close proximity to the freeway. With Hillsborough prices continuing to soar, the five millions price point has become much more mainstream. County records show the tear-down at 620 Darrell Road was purchased in September ...
20May 2015

Vacant Lot for Sale: Lower North Hillsborough

Geoffrey C. Nelson
Geoffrey Nelson Presents... Oakdale Road Vacant Parcel, Prestigious Lower North Hillsborough Offered at $2,895,000 Rarity is the blessing of this beautifully oriented vacant parcel. Encompassing approx. 16,342 sq. ft. per recent survey, this mostly level expanse is tucked into one of Lower North Hillsborough’s most serene and most in-demand neighborhoods. This Hillsborough Oaks enclave, comprising treasured streets such as Oakdale, Baileyana, and Jackling, is known for its utmost quiet and elegant established aura amidst the trees and ...
29March 2015

Hillsborough PPSF Averages $1,000+ for Spring 2015

Geoffrey C. Nelson
For the first Spring in the history of Hillsborough real estate, the average Price Per Sq. Ft. (PPSF) is $1,000+ per sq. ft. for the attached Pendings/Solds snapshot. Expect further gains to post, as we are not yet even in April! Click or Tap Image to enlarge data
23March 2015

Hillsborough Price Per Sq. Ft. Rising Boldly

Geoffrey C. Nelson
As I predicted in previous blogs, Hillsborough Price Per Sq. Ft. (PPSF) is rising boldly to new levels, with Spring 2015 momentum putting us squarely into the $1,000+ per sq. ft. average range. We have several examples this Spring that will make $1,000+ per sq. ft. the new norm. This is based first and foremost on land values rising, with well located Hillsborough homes receiving urgent demand regardless of their condition. With towns like Palo Alto commanding $1,300 - $1,600 per foot regularly, Hillsborough is quickly escalating its own ...
11February 2015

JUST SOLD: Lower South Hillsborough

Geoffrey C. Nelson
Commanding the apex of one of Lower Hillsborough's most beloved cul-de-sacs, "Le Chalet Moderne" is an architectural statement of indoor/outdoor luxury. The home was custom built in 1983 to maximize its knolltop prestige and panoramic garden. Modern in aesthetic and timeless in floorplan fluidity, the design features 5 bedrooms, 5 bathrooms, plus dedicated office. The brilliance of the design lies in the pure flow of an open layout. Seamless spaces circulate from indoors to outdoors, and merge beneath towering ceilings. Beyond the typically ...
4February 2015

2015 Hillsborough Inventory at 18 Homes Available

Geoffrey C. Nelson
February is the traditional beginning of the Spring Listing Season, yet we find ourselves with only 18 Hillsborough homes available for sale. In fact, the lowest priced home available on the market in Hillsborough real estate right now is $3,650,000. This is incredibly rare and vexing for that very popular Hillsborough price point of $2,900,000 - $3,500,000. But don't fret....on the bright side, I am aware of four current off-market opportunities, one in the Carolands under $3M, and another one in Lower South Hillsborough coming soon at ...
28December 2014

2014 Year-End Hillsborough Sales Online

Geoffrey C. Nelson
I have just posted year-end closed sales for Hillsborough 2014. A total of 150 Hillsborough homes officially closed escrow in MLS for 2014 (page 1 of 3 pictured above) Average price per sq. ft. for these closed sales was $879 per sq. ft. Coincidentally, 2013 had the exact same amount of MLS sales at 150, but a lower price per sq. ft. average of $829 per foot. View complete 3-page 2014 Hillsborough sales data, which includes price per sq. ft. for all Hillsborough closed MLS sales for the year. The link is also handy on the left sidebar on ...
26December 2014

Lower South Fixer Upper Goes $270K Over Ask

Geoffrey C. Nelson
5 Laureldale Road, at the corner of Bridge Road, has just closed for $3,250,000, impressively above its $2,980,000 list price with just one week on the market. Lower South Hillsborough real estate for sale is always a hot commodity, but with our recent acclerated market, diamonds in the rough like this are even more rare and sought-after. The home was approx. 3210 sq. ft. on a sub-half-acre 17,000+ corner lot. Cosmetics all needed updating. In fact, the home's awkward and dated layout may be more reflective of a land value, or "down to the ...

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GEOFFREY C. NELSON
Senior Partner, Luxury Real Estate Group
Agent No. 01313666
1290 Howard Ave, Suite 201 , Burlingame , CA 94010
Email: geoffrey@geoffreynelson.com
Phone: (650) 455-3735
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1290 Howard Ave, Suite 201 | Burlingame | CA | 94010 | United States
(650) 455-3735 | geoffrey@geoffreynelson.com | Agent No. 01313666
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