September 2011 Tobin Clark Estate Real Estate Market Update - Not Much Activity

By
Real Estate Agent with Coldwell Banker

 

In 2011, not much activity has been observed in the Tobin Clark Estate neighborhood of Hillsborough (Click here to view the Tobin Clark Estate area on a Hillsborough map).

Seven single family detached homes have been sold within the first nine months of the year as compared to 12 homes at the same period last year. The low sales activity is not due to a lack of demand but may be attributed to the fact that it is a small neighborhood. At the end of September, there have been seven homes in the active inventory of single family homes, and only 15 homes have been listed all year.



The Tobin Clark Estates was named after Richard Tobin who was part of an influential family that came to the area during the Gold Rush period. For some time, he lived in a country estate at 360 Poett Road, which was designed by Lewis Parsons Hobart, the architect that executed the design of Grace Cathedral up on Nob Hill.

The neighborhood has median and average prices that are well above $3 million, thus making it one of the most expensive areas nationwide.


Tobin Clark Estate’s Recent Sales

Address

Recent Sale

Beds

Baths

Square Feet

Previous Sale

Annual Change

40 Glenbrook

Sep 2011
$2,050,000

4

3.5

3,695

Jun 1999
$1,080,000

5.4%

5 Mountain Wood

Sep 2011
$3,600,000

6+

4+

6,915

Aug 2006
$4,050,000

-2.3%

5 Anguido

Aug 2011
$2,250,000

5

4+

4,810

Mar 2000
$2,000,000

1.0%

 

Tobin Clark Estate September 2011 - By The Numbers

 

YTD Total / Average

 

Jan – Sep of 2010

Jan – Sep of 2011

Sales

12

7

Days on Market

87

63

Average Price

$3,309,333

$3,398,286

Median Price

$3,904,500

$3,646,857

 


To search for Burlingame, Hillsborough, and San Mateo Area Real Estate, visit www.BurlingameProperties.com. You'll find extensive helpful community, neighborhood, and school information! Plus, our well-known blog has plenty of current information on the market and what's happening around town!



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