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January 2016 — December 2016

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 ...

GEOFFREY C. NELSON
Senior Partner, Luxury Real Estate Group
Agent No. 01313666
1427 Chapin Avenue , Burlingame , CA 94010
Email: geoffrey@geoffreynelson.com
Phone: (650) 455-3735
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1427 Chapin Avenue | Burlingame | CA | 94010 | United States
(650) 455-3735 | geoffrey@geoffreynelson.com | Agent No. 01313666
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