Real estate trend

120 Hillcrest Park Road listed six days ago for $775,000 and has now reported as sold for $865,000. Almost certainly a tear-down, this property is located at the end of Hillcrest, next to River Road, and a few years ago would have been considered a non-starter for any new construction priced over, say, two million, and probably lower. But the entire area is being developed now, and $3+ houses are selling well.

Markets shift, and the Sheephill Road/Hillcrest neighborhood is shifting significantly upward.