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The San Carlos Real Estate Week in Review: 5/23/2016.

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.

New Listing: 29 Hillcrest Road, San Carlos.

29 Hillcrest Road is my latest listing in San Carlos. This fabulous home has stunning views of the San Francisco Bay, and boasts a extremely functional layout.

The Streets of San Carlos.

What’s in a Name? You’ve undoubtedly noticed as you’re walking the streets of San Carlos — perhaps dropping your kids of at White Oaks School, taking the dog for an evening stroll, or just heading downtown for dinner — that the name of the street that you’re on is frequently …

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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Orchard Supply Hardware Comes to San Carlos!

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Competition for Home Depot.

It has been quite a few years since The Home Depot opened up shop in San Carlos, taking over what was the old Lenkurt GTE building on Old County Road. Over the years, they have enjoyed the enviable position of being the only mega home improvement warehouse in the immediate area, and the argument can be made that they directly or indirectly put most local hardware stores out of business. The smaller family owned stores simply could not compete on the price and volume of products that Home Depot offered, unless they specialized in a niche that made them somewhat immune to this sledgehammer of competition.

That doesn’t mean that The Home Depot was necessarily the right solution for San Carlos. Having owned a home in San Carlos for 25 years, I can not possibly count the number of times that I have been inside that store, so I know a thing or two about the shopping experience at this (and any other) Home Depot — and it’s not generally a positive one. Apparently I’m not alone in this opinion, as there is an entire website dedicated to the general dislike of the store. The name kind of speaks for itself:  http://www.HomeDepotSucks

As I’ve written on this site numerous times in the past, I have longed for the day that a competitor like Lowes or Orchard Supply Hardware would find their way to the City of Good Living to give San Carlos residents another option to purchase their home improvement goods, and to give Home Depot a wake-up call to finally improve their abysmal customer service.

That day is finally here…

To the delight of many do-it-yourself’ers in San Carlos and surrounding communities, Orchard Supply Hardware officially opened its doors in San Carlos yesterday:

Photo May 25, 12 09 53 PM

Located at 360 Industrial Road in San Carlos (right across from the new PAMF Medical Center), the new Orchard Supply Hardware is the exact blueprint of what you would expect from their stores — spacious, impeccably clean, and very well organized.

I shopped their today to get a replacement smoke detector and some other odds and ends, and true to form, there was no shortage of people who were willing to go out of their way to help me find what I needed. That service is simply worth the extra mile drive.
Photo May 25, 12 40 09 PM

But as good as Orchard Supply Hardware is, there are still times when it just makes more sense to get what you need from Home Depot, and this development is not all bad news for them. Every business improves from good competition (especially real estate), and I expect (or hope) that this will be the impetus for Home Depot to make their shopping experience better. It appears that they have many more people working the floor lately, so that’s a good start.

Grand Opening: June 25.

Although they have already opened their doors for business, the new Orchard store has a Customer Grand Opening planned for June 25th, according to one of the employees that I spoke with. There were no details available, but I am sure it will be worth checking out.

Welcome to San Carlos, Orchard Supply Hardware!!  I certainly hope the home improvement shoppers in the area patronize this store, and make their decision to set up shop in San Carlos a worthwhile one.
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Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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: 5/23/2016.

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The Scoop.

Home buyers stole the stage last week in San Carlos. There were almost twice as many single-family homes that went into contract (10) than there were new listings (6). This served to pull the inventory of homes for sale down a bit to 24 homes. That’s still higher than what we have been accustomed to for most of this spring, and it will still be a bit of a challenge to digest all of these listings. But clearly, buyers were out in droves last week looking at homes. It’s either that they are pushing to lock up their purchase before the summer vacation months hit, or they simply have more time now to seriously look for a home. Either way, the activity is definitely up, and should continue into next week.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 5/22/2016:

San Carlos Housing Data 5/22/16 Prior Week
Closed Sales for the Week: 4 4
Average Sold Price: $2,088,750 $2,030,000
Average $/Sq Foot (Sold) $838 $1,072
Average Sold as Percentage Of List Price: 109% 114%
Average DOM of Closed Sales 7 15
Total # of Homes Pending Sale: 32 25
No. of New Listings: 6 9
Total # of Active Listings: 24 29
Average Price of Active Listings: $1,989,611 $1,905,159
Average DOM of Active Listings: 21 20
Average $/Sq Foot (List) $871 $875
Active-Pending Ratio: 0.8 : 1 1.2 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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: 5/16/2016.

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The Scoop.

The listing machine was in high gear again last week in San Carlos, which should come as welcome relief to home buyers. Nine new listings debuted on the market, and with only five homes going into contract, the inventory of single family homes in San Carlos now stands at 29. This continues to be the highest sustainable inventory level that we have seen in several years, and along with the average of 20 days on the market for this inventory, it indicates that certain homes are simply not selling as fast as they were only a few months ago.

This does not mean that all homes are taking longer to sell. All five homes that went pending last week did so in about 2 weeks or less. So it’s clear that homes that are priced well and in good locations are still selling relatively quickly. The market is being extremely selective on those that are not.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 5/15/2016:

San Carlos Housing Data 5/15/16 Prior Week
Closed Sales for the Week: 4 5
Average Sold Price: $2,030,000 $2,151,900
Average $/Sq Foot (Sold) $1,072 $1,087
Average Sold as Percentage Of List Price: 114% 98%
Average DOM of Closed Sales 15 11
Total # of Homes Pending Sale: 25 24
No. of New Listings: 9 12
Total # of Active Listings: 29 26
Average Price of Active Listings: $1,905,159 $1,850,139
Average DOM of Active Listings: 20 17
Average $/Sq Foot (List) $875 $855
Active-Pending Ratio: 1.2 : 1 1.1 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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The San Carlos Real Estate Week in Review: 5/9/2016.

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The Scoop.

It’s obvious that the “Sell Your Home Now” memo got out to San Carlos home owners this past week. Between Monday and Friday of last week, 12 new listings flooded the market — most of them seemed to hit on Friday. That temporarily pushed the inventory up to 29 single-family homes for sale throughout the city. Both of those were high marks for San Carlos in 2016, by far.

Buyers were not idle last week either. Eight homes went into contract, with three of those eight being locked up in a week or less from the listing date. That settled the inventory down to 26 homes for sale at the time of this post.

Sold pricing faced some downward pressure, which is not something we’ve seen recently. The 5 homes that sold during the prior week only fetched an average of 98% of the asking price, and only one of the five actually fetched a sales price that was above the asking price.  That is certainly more severe that what’s happening in the market right now, but you will certainly start to see more homes selling below their asking price than what we have grown accustomed to in this crazy uphill market.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 5/8/2016:

San Carlos Housing Data 5/8/16 Prior Week
Closed Sales for the Week: 5 7
Average Sold Price: $2,151,900 $1,818,875
Average $/Sq Foot (Sold) $1,087 $924
Average Sold as Percentage Of List Price: 98% 105%
Average DOM of Closed Sales 11 14
Total # of Homes Pending Sale: 24 18
No. of New Listings: 12 7
Total # of Active Listings: 26 23
Average Price of Active Listings: $1,850,139 $1,938,116
Average DOM of Active Listings: 17 21
Average $/Sq Foot (List) $855 $797
Active-Pending Ratio: 1.1 : 1 1.3 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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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Love Your Home – While You’re Still In It.

HomeLove

Show It Some Love.

How many times have you seen someone work so hard to get their home all primped up and perfectly dialed in — just in time to sell it?  The paint is perfect inside and out, the landscaping is refreshed, the windows are clean, and even the furniture in the house has been strategically aligned to make the house look like it belongs in Sunset Magazine?  You see it all the time, right?

Well, the seller of one of my recent listings noted that exact phenomenon, but added this very brilliant observation:

Why don’t people do this while they’re still living in the house? 

Seriously — why not do this while you’re still living in the home so that you can fall in love with your home again and enjoy the transformation, and not just make it perfect for the next owner?

It’s an interesting idea, and there are probably a hundred different reasons why people don’t do it.  Here are just a few:

  • They think it’s too expensive.
  • They don’t have the time.
  • They don’t want to invest the money and then have the kids trash it the very next day.
  • They don’t know who to call to do the work.
  • …..and so on.

I help my clients do this all the time when they are getting their homes ready to sell, so I’m a great resource to help line up the right people to spruce your home up — even if it’s just getting your windows and screens cleaned, or having someone come in an make your tired landscaping POP again. I’ve got someone for just about any task you could possibly think of.

From a cost standpoint, it’s often much less than you think it is, too. Cleaning an entire household of windows (inside and out) along with screens runs no more than a couple hundred dollars, and they look spectacular when they’re done.  There’s no way you can do all that yourself for that cheap and make them look so good.

The same goes with painting.  Nothing freshens up the inside of a house like a new coat of paint. If you really want to make a dramatic splash, try a bold NEW color! Interior painting is quick and easy if you have a good crew. They can literally transform the inside of your house while you’re gone for a weekend.

Even your deck needs love every so often. There are few things that have a more dramatic visual effect than power-washing and re-staining a deck.  It will actually make you want to use it that much more often.

Get ‘er Done.

As we approach the summer months, it’s the perfect time to take on these “transformation projects”.  Many of the real estate related trades slow down during June-August, so it’s much easier to book and schedule them. With some intelligent scheduling, you’d be amazed at what can be accomplished in a very short amount of time.

For my most recent listing, we literally had 4 different crews working on the house, simultaneously when we could get away with it, and we completely transformed the entire property (inside and out) in less than a week.

Think about it — you head out for your summer vacation, and come back to what feels like a brand new house! It’s easier than you think, and only a single phone call away.

Interested? Contact me!
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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Dwell Realtors to Sponsor Beach Volleyball at Hometown Days

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1st Annual Beach Volleyball Tournament.

San Carlos is a pretty physically fit town.  Every year, it seems like more and more athletic teams are popping up across the city, and there are numerous leagues for us older weekend warriors to kid ourselves that we can actually still compete in athletic events.

So along that vein, Dwell Realtors is proud to announce that we will be sponsoring the first in what we hope will be an annual event at San Carlos Hometown Days: Beach Volleyball

That’s right, for the first time in Hometown Days history there will be an organized, two-person team volleyball tournament right out on the main lawn area!  Pool play starts on Saturday, with the semi-finals and finals taking place on Sunday.  Each team is guaranteed at least two games and endless amounts of fun.

Sign-ups are required in advance, and there are a limited number of spots still available. There will be two flights of teams, based upon ability and experience.  To find out more information and register for the tournament, click on the Dwell Realtors Beach Volleyball Site, and click the “Sign Up Here” tab at the top.

Here’s a quick summary of the event:

Who:  Everyone, ages 13 – Adult
What:  A beach volleyball tournament (played on grass), with two-man teams organized into different flights based on experience and skill level.
When:  San Carlos Hometown Days, May 21 & 22
Where:  Main lawn area, Burton Park.
Why: Seriously?

Best of all, the cost is absolutely free to showcase your awesome (or somewhat lesser) volleyball skills.  See you on the field at Hometown Days!
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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: 5/2/2016.

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The Scoop.

For the second straight week, the San Carlos residential real estate market was running at a very high pace. There were seven really nice listings to jump into fray, and six of the homes in the existing inventory were locked up into contract. Even the market for townhouses and condos saw about double the activity compared to a normal week.

You can expect to see more of the same of this kind of activity now that we are entering the last full month of the Spring real estate market.  May always affords us a long stretch of uninterrupted sales time — all of the Spring breaks are finally done, and the next big distraction isn’t until the end of the month when Memorial Day weekend reminds everyone that summer is right around corner. Anyone who is interested in getting their home sold before the summer break hits really needs to do so in the next 2-3 weeks, so look for a steady flow of inventory each week this month.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 5/1/2016:

San Carlos Housing Data 5/1/16 Prior Week
Closed Sales for the Week: 8 8
Average Sold Price: $1,818,875 $1,704,500
Average $/Sq Foot (Sold) $924 $931
Average Sold as Percentage Of List Price: 105% 114%
Average DOM of Closed Sales 14 17
Total # of Homes Pending Sale: 18 19
No. of New Listings: 7 9
Total # of Active Listings: 23 24
Average Price of Active Listings: $1,938,116 $1,936,607
Average DOM of Active Listings: 21 20
Average $/Sq Foot (List) $797 $844
Active-Pending Ratio: 1.3 : 1 1.3 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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The San Carlos Real Estate Week in Review: 4/25/2016.

2016 Calendar

The Scoop.

The pace of new listings definitely picked up last week in San Carlos. Nine new single-family homes debuted on the market, and two townhouse/condo units also jumped into fray. This is not a surprise, since we are essentially right in the thick of the Spring real estate market, and we generally see a spike around this time.

Home prices are holding their own, as is evidenced by the data on closed sales from last week. These homes garnered an average of 14% above the asking price, with most of them pulling in 6-figure premiums. This indicates that strong buyers are still out there looking for the right home in San Carlos. Even homes that have been on the market for 21 days or more are starting to see renewed interest, so there are still definitely more buyers than there are sellers in this market.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 4/24/2016:

San Carlos Housing Data 4/24/16 Prior Week
Closed Sales for the Week: 8 5
Average Sold Price: $1,704,500 $1,434,200
Average $/Sq Foot (Sold) $931 $970
Average Sold as Percentage Of List Price: 114% 112%
Average DOM of Closed Sales 17 9
Total # of Homes Pending Sale: 19 22
No. of New Listings: 9 6
Total # of Active Listings: 24 21
Average Price of Active Listings: $1,936,607 $2,183,934
Average DOM of Active Listings: 20 21
Average $/Sq Foot (List) $844 $899
Active-Pending Ratio: 1.3 : 1 0.95 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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