Lower North Hillsborough Ranks #1 in Town for 2021

  • Geoffrey Nelson
  • 01/5/22

Widely regarded as the most desirable and valuable area in all of Hillsborough, Lower North commands the highest land values, the greatest prominence of flat, estate-caliber parcels, and a Gatsby-esque cachet that cannot be replicated. The numbers are in for 2021, and Lower North Hillsborough continued its Town-leading performance as the #1 neighborhood based on highest price per sq. ft. and highest Median Sales Price. Twenty Five Closed sales in Lower North Hillsborough were reported to MLS in 2021, with an average price per sq. ft. of $1,590 and Median Sales price of $7,000,000. Lower North also led all Hillsborough neighborhoods in eight-figure sales for the year, posting 6 sales over $10M on MLS. Lower South Hillsborough, by comparison, posted 27 closed sales for 2021 with average price per sq. ft. of $1,381 and a Median Sales Price of $5,650,000. Lower South posted 3 sales over $10M. For perspective, the average price per sq. ft. in 2021 for the entire Town of Hillsborough (all neighborhoods averaged together) was $1,332 per sq. ft., with a $5,250,000 Median Sales Price. For my Hillsborough Google Map of all 10 Neighborhoods, please click here: https://hillsboroughblog.com/Hillsborough-CA-Neighborhoods

I was privileged to be the #1 Producer in Lower North Hillsborough for 2021 based on most homes sold, tying with another Coldwell Banker agent at 4 closed Lower North sales reported to MLS. I represented Two of the Top Three Lower North Hillsborough sales at 1802 Floribunda for $13,100,000 ($1,968 per sq. ft.) and 30 Marialinda for $11,425,000 ($1,855 per sq. ft.). The Average Price Per Sq. Ft. of my 4 Lower North sales for 2021 was $1,892 per foot. I was honored by the trust of my clients who maximized their marketing and sales in this prime neighborhood. 

And what drives value in Lower North? Since the 1890s, this area has been the Grand Dame of Hillsborough history and prestige. And for good reason, many of the most exclusive streets in Town such as Brewer Drive, Irwin Court, Geri Lane, New Place Road, and Brookvale Road are found in Lower North Hillsborough. Lower North occupies the “flats” (hence the “Lower” title) west of El Camino surrounding the Burlingame Country Club and mostly within walking distance of downtown Burlingame. 

Majestic estates from the 1910s-1930s often command large flat parcels of over half-acre, including some 1 and 2 acre lots. Mixed into this architectural heritage is a modern blend of newer constructions with cutting-edge design, such as newer builds around Sharon, Forest View, and Irwin with values that would exceed $20,000,000. In January 2019 a 1.5 acre Parkside Avenue property hosting a 2013 contemporary home was sold for $15,000,000 primarily for its land value and has since been torn down. 

Walkability and flat terrain are huge assets for the Lower North area. Many streets enjoy walking distance to North School, Crocker Middle, and downtown Burlingame Avenue. Some properties offer dramatic golf course views above the Burlingame Country Club (such as Brookvale, Eucalyptus, New Place, Greenview Lane, and Floribunda), while other areas such as the sub-district of Country Club Manor, feature more understated ranch-style floorplans along streets such as Country Club, Genevra, Pepper, and the 800 and 900 blocks of Hillsborough Boulevard. Further north, not far from Broadway Burlingame, the Lower North sub-districts of Hillsborough Oaks and Fagan Estates present a 1920s-1930s architectural storybook along streets such as Baileyana, Jackling, and Fagan Drive. Lower North posted its #1 sale of 2021 at 85/90 Fagan Drive for $14,850,000. This was the Tudor Gothic Manor known as the "Fagan Estate" designed in 1917 by famous architect Arthur Brown Jr. and currently occupying just over 3 acres. 

Lower North achieves part of its ambiance from historic estates such as La Dolphine on Manor Drive, Strawberry Hill on Redington, Rosecourt on Stacey Court, and William H. Crocker’s New Place, which is currently the Burlingame Country Club clubhouse. It’s not uncommon while strolling in Lower North to run across the architectural vestiges of storied gates and pillars. The imprint of the West Coast Gilded Age remains strongly present in Lower North Hillsborough, with new generations still evolving the architecture and lifestyle. 

I am currently curating Lower North Hillsborough inventory for 2022. I would look forward to discussing your real estate needs in confidence. 650-455-3735.  geoffrey@geoffreynelson.com 

Warm Regards for a Blessed 2022, 

 

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