6 New Hillsborough listings

Here are a few new listings, all in Hillsborough. For information about viewing these properties, please contact Stanley at stanleylo@greenbanker.com.

(VIDEO) A scenic overview of Hillsborough, CA

We just created a new video on Hillsborough, CA. Please check it out and let us know what you think.

Hillsborough Market details by area - May 2010

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Hillsborough Market stats - May 2010

To receive these market stats by email, please sign up for our newsletter. For more information on the peninsula market or to discuss your real estate needs, please contact Stanley Lo at stanleylo@greenbanker.com or call him at 650-373-0007.

Hillsborough Market: May-June 2010

“Stanley, what's the pulse of the Hillsborough market?"

Everyday, at least one person asks me this. Understandably, there is concern about how the economy is affecting home prices. The good news is that Hillsborough has remained relatively stable for a number of reasons, which I have listed below.

Current state of the market:

• Including pendings, there are approx.100 listings, which is about 30-40% higher than the usual number, so buyers have a lot of choices.
• There are not many foreclosures and those few are in the upper areas.
• If priced right, homes up to $4M are selling.
• Days on the market are longer, due to both a large inventory giving the buyers many more choices and the additional time needed to get lender approval, although buyers eventually do get approval. (This is the #1 biggest hurdle a Realtor must overcome.)
  
  

Who are the buyers and what are they looking for:

• Buyers come from relocation, divorce, or foreign countries, anticipating better schools, residence upgrade and in some cases buyers made some good money during the recession.
• With few exceptions, they want aggressively priced listings. (If you are not serious about selling your house don’t put it on the market.)
• They are willing to wait for a listing to re-adjust its price.
• Homes with flat lots close to El Camino are the most sought-after.
• Homes should be in good condition, with a good floor plan.
• Buyers want a deal so that their equity will not get tapped out.
  
  

Why Hillsborough is strong compared to other areas:

• Beautiful public areas not found in other high-end venues
• Close to SFO and San Francisco
• Top-quality school district
• Enormous amount of foreign money focused on Hillsborough
• High tech/pharmaceuticals nearby (e.g., Genentech)

Bottom line is this...

Even with the economic slowdown, Hillsborough is still vibrant in key areas, especially when you consider the over-priced scenario from a few years back. Hillsborough as a whole did not experience a very large price drop in general and almost no drop at all in the lower Hillsborough area.

For more info on the peninsula market, contact Stanley at stanleylo@greenbanker.com.To receive these market stats by email, please sign up for our newsletter.

New Hillsborough Listings

535 El Arroyo - $4,395,000
5 bed / 5.5 ba
6000+ sq ft
double lot, prime location, panoramic views

215 Bridge Road - $2,750,000
4 bed / 3.5 ba
3940 sq ft
top location, secluded, gourmet kitchen

70 Inverness Way - $1,999,999
4 bed / 3.5 ba
2700 sq ft
secluded, views, totally renovated
3+ garage (room for large expansion)
huge master, chef's kitchen

130 Rizal - $2,290,000
4 bed / 3.5 ba
3580 sq ft, views

For more information, a virtual tour, or to see a brochure, go to: www.greenbanker.com. To schedule an appointment, contact Stanley Lo at stanleylo@greenbanker.com.

Stanley Lo to donate his commission to a winning charity of your choice

To celebrate both Green Banker's Grand Opening at 398 Primrose Road in Burlingame and the Hillsborough Centennial, Green Banker is making a donation in your name.

Between May 1, 2010 to July 30, 2010, list your home with Green Banker and be in the running to have all the commission from that property donated to a non-profit of your choice.

A Hillsborough city official will be invited to draw one property after the contest closes. Green Banker will then host a ceremony and the Seller will personally present the check to the charity of his or her choice.

For more information, email us or call 650-373-0007.

Official Rules

• Hillsborough and Burlingame listings only.
• Listings for this contest will be accepted starting May 1, 2010, until end of day, July 30, 2010.
• The listing must close by end of day, September 30, 2010.
• Green Banker reserves the right to amend this offering at any time.