The year 2011 has been met with a fluctuating surge of activity in the US real estate market. From New York to California, even the prime locations in the country were still threatened by the ripples of the recent global financial crisis. At the same time, it has also opened up new opportunities in the market for those who are interested to invest in a property.

Hillsborough, CA is not immune to this. It is therefore important for home or property buyers to stay abreast on the latest development in the Hillsborough real estate industry. The fourth quarter for the year 2011 had just commenced and it is important to understand what had gone on in the past year in order to determine how the remaining months for this year will go.

The market report for the first three quarters of this year has a lot to indicate on what the rest of the year has to offer. For those who are shopping for a property in the Hillsborough real estate, this is a great time to make a deal because prices are beginning to soften with property owners who must sell also eager to make a deal. You must also take into account the competition as more homes are being put up for sale in the market, especially with the Thanksgiving and Holiday season on the horizon. All of these factors are adding up to the intense amount of activity in the market that is also causing prices to shift in a significant way.

For the buyer, it is good to know that there is a huge selection of homes to choose from in the Hillsborough real estate scene. There is, after all, plenty of public schools within the Hillsborough area so it won’t be surprising that a huge influx of people are moving into this part of California. The proximity of the area to SFO is also one other reason that make it a dream destination for most people.

To focus on single family properties, the median prices for homes in Hillsborough CA is currently listed at $3,442,462. As of the first week of October 2011, there are about 69 homes listed for sale in the area. The average size of the home is at 5,037 square foot with 4.88 bedrooms on average. This means that the average price in Hillsborough real estate on a per-square-foot basis is approximately $764.

For the ultimate luxury property in a prime location, all families and home buyers can therefore find a lot of great deals in Hillsborough. There are also plenty of other properties to be put on the market in the coming months, so the pie should be enough for everyone.

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