Right now the Hillsborough luxury home market is a buyer's market with lots of inventory to choose from. Hillsborough prices still remain high though and the reason why? Hillsborough is ranked in the top 10 most expensive towns in the U.S. to reside in.
Here is some data for real estate Hillsborough homes for sale the week of July 15, 2009:
[Source: Trulia.com]

Average List Price- $4,044,528, decrease of 0.6% or $23,500 compared to the prior week.
Median Sales Price- $2,597,500 up 3.8% y-o-y
Average price per sq. ft. - $854.00 up 3.9% y-o-y.

The median sales price for Hillsborough homes for sale for the period April 2009 to June 2009 was $2,597,500 based upon 22 homes that sold. This was an increase of 3.8%, or $95,000 from the same time last year, while the total number of home sales decreased 31.2%.

There are currently approximately 84 homes in Hillsborough, 24 homes in either pre-foreclosure, foreclosure auction or REO's. The most popular neighborhoods in Hillsborough are Hillsborough Park and Lakeview, with average list prices of $3,391,934 and $3,417,743, respectively.

It is still a buyer's market, but prices appear to be holding at the moment. Hillsborough Realtor and MLS data reflect only 30% of the properties decreasing their lists prices. Either the sellers are holding out for their price or the buyers are waiting for prices to drop, but it is clear that 1/3 of the Hillsborough homes for sale are overpriced. Serious Hillsborough sellers have priced their homes to sell. Jumbo loans are available with 30% down. As a Hillsborough Realtor, it is my job to keep clients informed on the Hillsborough and surrounding area market trends so that clients can adjust their prices according to market conditions.

Why Choose Hillsborough? Ask any Hillsborough Realtor and they will tell you Hillsborough has it all. Some of the most prime real estate in the country with unsurpassed beauty and charm, a superb location with close proximity to SFO, the City, the Valley and the Coast. Also, Hillsborough schools are ranked top for San Mateo County.

The word Sybarite, or a person devoted to pleasures and luxuries, was chosen as our company name because 46% of millionaire households own investment real estate and we want to help you realize those dreams. Phil Chen and the Sybarite Investments team practice what we preach and understand all aspects of real estate from all angles to be able to negotiate analyze and execute to your advantage. Please contact us today at Phil@Sybariteinv.com or give us a call at (415)-271-1920.