September 2005

632 Fairway Circle, Hillsborough. Just listed at $2,395,000. 4 bedroom, 3 bath home of approximately 2620 sq. ft. on approx. .39 acre. 57 years, old cul-de-sac setting. 352 Virginia Avenue, San Mateo's Baywood. Just listed at $1,695,000. 4 bedroom, 2 bath home of approximately 3160 sq. ft. on approx. 7800 sq. ft. lot. Mediterranean style.

707 Irwin Court, Hillsborough (pictured below) has been marked sale pending with just 19 days on the market. Listed on September 9 for $7,500,000 this property boasts one of Hillsborough's (and Northern California's) most celebrated cul-de-sac locations on a very rare approx. 1.42 acres. The existing 22-year old home offers approx. 6,819 sq. ft., but the location, exclusivity, and rarity of the parcel size are the sure pinnacles of this property. As the sayings go..."world-class" ... "once-in-a-lifetime" Excerpt from the marketing m ...

1128 Oxford Road, Burlingame has just closed esrow for $1,845,000. The home was listed on August 15 for $1,749,000 and sold with 12 days on the market. This was recently completely rebuilt offering approx. 2600 sq. ft. with 4 bedrooms and 3 baths. It previously sold in June of 2004 in its unexpanded form for $880,000 when it was listed for $849,000. Another unseasonably HOT August comp!

146 Tobin Clark Drive, Hillsborough has just hit the market at $4,260,000. This 15 year old Mediterranean home offers approx. 5450 sq. ft. on approx. .6 acre lot with Bay views. MLS records indicates the home was previously sold in April of year 2000 for $4,675,000 when it was listed for $3,990,000. It was previously listed (but not sold) in years 2001 and 2002 at various price points including $5,750,000, $5,300,000 and $4,688,000. 5 bedrooms and 5.5 baths with pool.

Hillsborough's top sale of 2005 has just closed escrow at $9,000,000. The approx. 12,532 sq. ft. mansion on El Arroyo Road was listed for $10,700,000 in February 2005. The sprawling Tudor estate is 76 years old on approx. 1.4 acres with pool and tennis court. The unforgettable 2-story grand staircase will always enthrall visitors. The home previously sold for $4,150,000 in November 1998 when it was listed for $4,500,000. Two Hillsborough homes priced above $3,500,000 have also gone into escrow this week. 801 Lombardi Lane (cross street ...

As I’ve mentioned in previous blogs, the after Labor Day market promises more inventory. And now it is starting to arrive! Here’s a select handful of some of the new listings that have recently hit the market: · 2805 Ralston Avenue, Hillsborough. Offered at $8,500,000. This dramatic one-level home features approx. 8200 sq. ft. in a flowing floorplan with soaring ceilings. The lot is approx. 2 acres. This was previously listed at $9,600,000 last year. · 707 Irwin Court, Hillsborough. Offered at $7,500,000. This 22 year ...

I've just posted a new PDF report under the "Market Updates" button above. Click on "Peninsula Luxury Reports" when you arrive at the pull-down menu. This interesting report tracks the high-end market above $5,000,000 between 1999 and 2002. An intriguing read! See how the high-end flourished during the dot-com glory days, particularly in Atherton (27 Atherton sales above $5,000,000 in year 2000, compared with only 8 sales over $5,000,000 in 2002!) You will also note how the suburbs closer to the heart of the Valley (Atherton and Woodside) ...

HILLSBOROUGH SALES ANALYSIS, FIRST HALF of the YEAR Did you buy in Year 2003? The table below shows 2003 as a favorable year for buyers, as 2004 began a surge that is continuing now, as evidenced by the steadily increasing median sales prices. 2001 reflected a strong first half at the tail end of the dot-com glory days (check out the price per sq. ft.!!!), before 9/11 sucked the wind from the Fall market. Also interesting is the lack of $5M+ luxury sales in the first half of 2003. Year ...

My new listing at 1231 Shafter Street, San Mateo (cross streets Hobart and Barneson) has just come on the market for $959,000. The first open house will be tomorrow, Sunday, Sept. 11 from 1:30 - 4:00. I'll see you there! 1231 Shafter Street, San Mateo: Built in 1928 and immaculately maintained and updated, this English country jewel enjoys the Homestead neighborhood's most charming block. Surrounded by other 1920s and 1930s architectural classics, this is truly San Mateo's best-kept secret within the acclaimed Baywood School District. T ...

I've just posted the new sales comps PDF for the San Mateo neighborhoods of Aragon, Homestead, Baywood, Baywood Knolls, and Aragon Terrace. This 3-page document shows all sales prices of closed sales between 1/1/05 - 9/1/05. Click on "Market Updates" at the top of the page, and you'll be directed to the download menu for this document. Happy reading! -Geoffrey

Property List Price Sale Price Sq. Ft. DOM 10 Buckeye Court, Hillsborough $2,295,000 $2,270,000 3,180 41 2565 Poppy Drive, Burlingame ...

As a buyer, you probably have asked yourself these questions when offer date rolls around: how much do we offer? What is this home really worth? In the event of intense competition, how much am I willing to pay to win? Year 2005 in Burlingame so far has delivered an unprecedented amount of homes selling for more than $200,000 above the asking price. Buyers have continued to step up the competition for superbly located, remodeled Burlingame homes, which typically last about 9 -15 days on the market before being snapped up with multiple of ...

546 El Cerrito Avenue, Hillsborough has just closed escrow at $3,010,000. I loved this house! And it was a great opportunity to get a Lower Hillsborough classic character home at this price point. The home was listed on July 29 for $2,698,000, it was sold on August 11, and closed escrow on September 1 for $3,010,000. The raised knolltop setting gave the home a commanding presence from the street. The home featured 4 bedrooms and 3.5 baths with about 2,980 sq. ft. on a parcel of approx. 16,800 sq. ft. New listing MLS update (expect many more ...

546 El Cerrito Avenue, Hillsborough has just closed escrow at $3,010,000. I loved this house! And it was a great opportunity to get a Lower Hillsborough classic character home at this price point. The home was listed on July 29 for $2,698,000, it was sold on August 11, and closed escrow on September 1 for $3,010,000. The raised knolltop setting gave the home a commanding presence from the street. The home featured 4 bedrooms and 3.5 baths with about 2,980 sq. ft. on a parcel of approx. 16,800 sq. ft. New listing MLS update (expect many more ...