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The San Carlos Real Estate Week in Review: 5-24-15.

The San Carlos Week in Review is the only in depth weekly recap of the San Carlos real estate market, and it’s available every week on the White Oaks Blog.

Chuck’s Sales

Focus = Results. If you hope to succeed in this ultra-competitive real estate market, it’s imperative that you enlist the help of an experienced Realtor who is laser-focused on the local real estate market, and who thoroughly understands the micro-economic nuances of each neighborhood.   The stakes are simply too high …

Behind the Numbers: $2,000,000 Home Sales in San Carlos.

The number of homes to sell for $2,000,000 or above in San Carlos has by almost 70% in 2014. While this may not be totally surprising given the state of the local economy, there are some interesting trends that emerge when we dig into the numbers.

Map of San Carlos Regions

The Realtor Zones. When it comes to residential real estate, the City of San Carlos is divided up into 6 different real estate “zones”: Alder Manor (Area 350), Beverly Terrace (351), El Sereno Corte (352), Howard Park (353), Clearfield Park (354), and Cordes (355). When a home is for sale …

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New San Carlos Listing: 1393 Cedar Street

1393 Cedar Street, San Carlos

Location, Location, Location!

I am pleased to announce my latest San Carlos listing at 1393 Cedar Street! This immaculate 2,180 square foot home is packed with all of the key features that today’s San Carlos home buyer is looking for. It has a formal dining room, separate spacious living room, and a family room that is adjacent to the kitchen. But one of the best features about this home is the additional bonus room that works perfectly as a home office, or could even pinch-hit as a guest bedroom.

The home is situated on a beautifully landscaped 6,600 square foot lot with ample room all around the home for outdoor living. It’s one of the few homes that you’ll see in the flats of San Carlos that actually has spacious side yards, rather than being 3 feet from your neighbor’s house.

For those buyers looking for the perfect location in the flats of San Carlos, it doesn’t get much better than this. This home is about as centrally located as you can get in San Carlos — for families with school age kids, it’s just a few blocks to either White Oaks Elementary School or Central Middle School, and it’s only two blocks to Burton Park. It’s close to everywhere you want to be in San Carlos.

This home is in absolutely pristine condition, and truly reflects the pride of the long time-owners. Both bathrooms have just been completely updated and look absolutely spectacular.

Here are a few photos of this magnificent home:

 

master-bedroom1a

For the full gallery of photos, click here.

3D Virtual Tour.

As I do with all of my listings, there is a state-of-the-art 3D scan of the home that allows you to take a virtual “walk” through any room in the home, and also gives you a birds-eye view of the layout of the home. Be sure to click on the window below and take this marvelous tool for a spin:

You can also view the 3D Virtual Tour in a separate window by clicking here.

Open House

This fantastic home is listed at $1,798,000. Come by and see it this weekend on either Saturday or Sunday from 1:00-4:00 PM. But don’t wait too long — this one won’t be around forever!
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The San Carlos Real Estate Week in Review: 5-24-15.

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Perhaps it was the week before Memorial Day Weekend that caused some sellers to delay listing their home for sale, or maybe there just aren’t going to be that many homes on the market in the coming weeks. But whatever the reason, there were only two new single-family listings to hit the market in all of San Carlos last week. That, combined with the 5 homes that went into contract during the same period, dropped the inventory of homes for sale back down to 10. And that number will drop to 9 as soon as one of the homes that went into contract over the weekend registers it as “pending” on the MLS. That means we will be heading into the home stretch of the Spring real estate market with single-digit inventory — great for sellers, not so much so for buyers.

Last week we mentioned it would only be a matter of time before the average price hits $2M in the City of Good Living. This week, it actually happened. As you can see from the table below, the average price for all homes currently for sale in San Carlos topped the $2,000,000 mark. But just like a Barry Bonds home run, this stat deserves an asterisk, since there is a single $5M listing that pulls the average up quite a bit. Without that listing, the average drops well below the $2M mark. But even that is a remarkable number for a city that was only averaging $1M a few years ago.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 5-24-2015:

San Carlos Housing Data 5-24-15 Prior Week
Closed Sales for the Week: 6 7
Average Sold Price: $1,730,833 $1,723,286
Average $/Sq Foot (Sold) $791 $900
Average Sold as Percentage Of List Price: 110% 113%
Average DOM of Closed Sales 14 16
No. of Homes Pending Sale: 26 26
No. of New Listings: 2 6
Total # of Active Listings: 10 14
Average Price of Active Listings: $2,102,295 $1,968,357
Average DOM of Active Listings: 118 12
Average $/Sq Foot (List) $784 $750
Active-Pending Ratio: 0.38 : 1 0.54 : 1

>>> Click Here to Read the Full Post
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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San Carlos “Do Not Knock” Registry is Now Online

Do-Not-Knock

An End to Unwanted Solicitations.

“Knock, Knock!!”

“Who’s There?”

“Ordinance 1484″

“Ordinance 1484 who?”

Exactly…

Two months ago I wrote this post about an effort that was underway by the City Council of San Carlos to reduce the amount of unwanted marketing literature that was being delivered every day to San Carlos residences, and to allow residents and business owners to opt out of unwanted door-to-door solicitations.   Regarding the latter issue, the San Carlos City Council enacted Ordinance 1484 on March 13 of this year, which essentially replaced the existing ordinance in the City’s municipal code with newer and more stringent regulations regarding door-to-door solicitations.

One of the key features of Ordinance 1484 is the creation of a “Do Not Knock Registry” on the City of San Carlos website, which allows residents and business owners to publicly declare that they do not allow solicitations at their address.

The problem is that it took a few weeks after the Ordinance was passed to get the registry up and running on the site, and I think most residents simply forgot about the new regulations, since so few residents have enrolled to date. But thanks to a tip from blog reader Scott, I am pleased to inform you that the Do Not Knock Registry is indeed alive and accessible on the city website, which you can access by clicking here.

So if you wish to make your home a Knock-Free Zone, log into the site today and register your address.  As of today, there are only 3 addresses registered.

Hopefully this post will help change that…
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
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The San Carlos Real Estate Week in Review: 5-17-15.

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The statistics in the San Carlos real estate market are eerily similar this week to where they were last week at this time. The number of new listings was exactly offset by the number of homes that went into contract, thus keeping the number of homes for sale in the city unchanged at 14, which is still an incredibly low number for what is generally the peak period in the Spring real estate market.

Prices on closed home sales remained strong and incredibly resilient, with the average home sale in San Carlos last week hitting a whopping $1.7M. It wasn’t too many years ago that I was commenting on this site about the significance of breaking the magic $1M barrier. Now, it seems like only a matter of time before the average price hits $2M in the City of Good Living.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 5-17-2015:

San Carlos Housing Data 5-17-15 Prior Week
Closed Sales for the Week: 7 2
Average Sold Price: $1,723,286 $1,757,500
Average $/Sq Foot (Sold) $900 $1,315
Average Sold as Percentage Of List Price: 113% 125%
Average DOM of Closed Sales 16 10
No. of Homes Pending Sale: 26 27
No. of New Listings: 6 9
Total # of Active Listings: 14 14
Average Price of Active Listings: $1,968,357 $1,661,639
Average DOM of Active Listings: 12 9
Average $/Sq Foot (List) $750 $717
Active-Pending Ratio: 0.54 : 1 0.52 : 1

>>> Click Here to Read the Full Post
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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New San Carlos Listing: 2904 Brittan Avenue

2904 Brittan Avenue, San Carlos

Fabulous Beverly Terrace Home.

I am pleased to announce my latest San Carlos listing at 2904 Brittan Avenue! This terrific 2,120 square foot ranch-style home checks many of the boxes on the priority list for today’s San Carlos home buyer.  First and foremost, this home has that elusive 4th bedroom that so many home buyers are holding out for. It features a perfectly functional layout, with all four bedrooms located in same part of the home, and a spacious living room and family room area that’s ideal for entertaining.   The private master suite in the rear of the home is the perfect retreat at the end of the day.

Natural light flows through the updated kitchen, with a sparkling see-through china cabinet that adorns the gleaming quartz counter tops. The dining area adjoins the kitchen, and is equally adept at formal or informal dining.

The home is situated on a big ~9,394 square foot lot with plenty of room in both the front and the back for outdoor living.  There’s an enormous courtyard in the front that’s completely fenced in for privacy, and wonderfully landscaped back yard with a lawn and patio on the main level, and beautifully terraced hillside at the rear.

Here are a few photos of this magnificent home:

dining-room1b

 

master-bedroom

front-yard1b

For the full gallery of photos, click here.

3D Virtual Tour.

As I do with all of my listings, there is a state-of-the-art 3D scan of the home that allows you to take a virtual “walk” through any room in the home, and also gives you a birds-eye view of the layout of the home.  Be sure to click on the window below and take this marvelous tool for a spin:

 

Open House

This fantastic home is listed at $1,548,000 — an outstanding value considering that smaller 3-bedroom homes in San Carlos are routinely selling for $1,700,000 (or higher).   Come by and see it this weekend on either Saturday or Sunday from 1:00-4:00 PM.
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week in Review: 5-10-15.

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Last week was one of the more brisk weeks that we have seen in the San Carlos real estate scene so far this year. Nine new homes hit the market, only to be offset by nine other homes going into contract. That’s more inventory turnover than we have seen in a number of weeks.  The net result is that we still only have a little over a dozen single-family homes for sale in the entire city of San Carlos. But it speaks volumes to the fact that buyers are still out in droves as hit the latter half of the Spring real estate market in San Carlos.

The other noteworthy activity this past week was the sale of 2130 Greenwood Avenue at $2,015,000. This sale is a testament to the demand for a large, flat lot in a good neighborhood in San Carlos. The value of the lot has a much bigger influence in the sales price in situations like these where you have a relatively small house on an abnormally large lot. That’s why you should not be too alarmed to see a figure of $1,527/sq foot for this house, although it was very much the talk of the town for a few days. The lot value simply overshadows everything else in these kinds of sales.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 5-10-2015:

San Carlos Housing Data 5-10-15 Prior Week
Closed Sales for the Week: 2 4
Average Sold Price: $1,757,500 $1,523,750
Average $/Sq Foot (Sold) $1,315 $882
Average Sold as Percentage Of List Price: 125% 120%
Average DOM of Closed Sales 10 11
No. of Homes Pending Sale: 27 20
No. of New Listings: 9 5
Total # of Active Listings: 14 13
Average Price of Active Listings: $1,661,639 $1,786,073
Average DOM of Active Listings: 9 17
Average $/Sq Foot (List) $717 $770
Active-Pending Ratio: 0.52 : 1 0.65 : 1

>>> Click Here to Read the Full Post
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
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The San Carlos Real Estate Week in Review: 5-3-15.

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Much has been discussed on this site about the rocket-like trajectory of 3-bedroom home prices in San Carlos, since the 3-bedroom house makes up the majority of the housing stock in the city. But not to be overlooked is the pricing on 2-bedroom homes.  It wasn’t too long ago that you could get a 2-bedroom home for under $1,000,000 on the west side of San Carlos.  It’s pretty safe to assume that those days are long past us, as we witnessed 100 Garnet Avenue close this past week for $1,410,000 making it the 11th most expensive 2BR home to sell in San Carlos in the past 15 years.  There are other 2-bedroom homes that are currently pending sale that will close well above the $1M mark as well.

Even the smallest of homes in the Greater East Side of San Carlos will be topping the $1M mark with regularity as prices continue to rise in San Carlos and all along the Peninsula.  It doesn’t seem that far away that a 7-figure price will become the entry point for any single-family home in San Carlos. Even the dirt value of flat ~5,000 square foot flat lot on west side will easily top $1M.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 5-3-2015:

San Carlos Housing Data 5-3-15 Prior Week
Closed Sales for the Week: 4 7
Average Sold Price: $1,523,750 $1,469,143
Average $/Sq Foot (Sold) $882 $847
Average Sold as Percentage Of List Price: 120% 114%
Average DOM of Closed Sales 11 13
No. of Homes Pending Sale: 20 17
No. of New Listings: 5 6
Total # of Active Listings: 13 15
Average Price of Active Listings: $1,786,073 $1,666,067
Average DOM of Active Listings: 17 18
Average $/Sq Foot (List) $770 $772
Active-Pending Ratio: 0.65 : 1 0.88 : 1

>>> Click Here to Read the Full Post
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week in Review: 4-26-15.

Very little changed in the overall inventory situation in San Carlos last week.  There were seven new listings to test the market, another six listings went into pending status during that period, and one was withdrawn.  So the net effect is that we are at exactly the same number of homes for sale (15) that we were at this point last week.  It’s difficult to build any significant inventory when homes are getting absorbed as fast as they are being listed.

There were some pretty strong closings last week, with both 135 Leslie Drive and 1534 White Oak Way  topping the $2,000,000 mark.  There have already been over 10 homes so far this year that have passed that threshold in San Carlos, so it appears that buyers are pretty comfortable with that price in San Carlos.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 4-26-2015:

San Carlos Housing Data 4-26-15 Prior Week
Closed Sales for the Week: 7 3
Average Sold Price: $1,469,143 $1,392,667
Average $/Sq Foot (Sold) $847 $863
Average Sold as Percentage Of List Price: 114% 116%
Average DOM of Closed Sales 13 10
No. of Homes Pending Sale: 17 19
No. of New Listings: 6 5
Total # of Active Listings: 15 15
Average Price of Active Listings: $1,666,067 $1,708,467
Average DOM of Active Listings: 18 17
Average $/Sq Foot (List) $772 $808
Active-Pending Ratio: 0.88 : 1 0.79 : 1

>>> Click Here to Read the Full Post
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Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
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Chuck Gillooley
Realtor, Principal
Dwell Realtors, Inc.

(650) 207-2024
BRE# 01750684
Email: Chuck Gillooley
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