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San Carlos Real Estate January 19, 2011

The Most Expensive San Carlos Neighborhood in 2010…

by Chuck Gillooley

Poll Results.

A couple of weeks ago, I asked you to guess what you thought was the most expensive neighborhood in San Carlos in 2010, based on the average price per square foot for all homes sold last year.  Thanks to everyone who took the time to vote — the answers were very interesting!

Now this was a bit of a trick question, because home sizes and styles vary widely between the different San Carlos neighborhoods.  And if you know the time-line of how San Carlos was developed,  homes in the flat-land are typically older and smaller than their counterparts in the hills, which are generally larger and more expensive.   But when you consider the fact that price per square foot is not a linear relationship across home sizes (smaller homes usually have higher price per square foot than bigger homes), the right answer may not be so obvious.

Well, here’s how you voted:

What Was the Most Expensive Neighborhood ($/sq foot) in San Carlos in 2010?

  • El Sereno Corte (aka White Oaks) (35%, 27 Votes)
  • Howard Park (27%, 21 Votes)
  • Beverly Terrace (21%, 16 Votes)
  • I don't know (or don't care). (8%, 6 Votes)
  • Clearfield Park (4%, 3 Votes)
  • Alder Manor (3%, 2 Votes)
  • Cordes (3%, 2 Votes)

Total Voters: 77

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Most of you went with the logical choice of White Oaks.  This makes perfect sense, since history has shown that one pays a bit of a premium to find a home in this neighborhood.   But did that make it the most pricey neighborhood?    Without further delay, here are the results.  The most expensive neighborhood in San Carlos in 2010, based on price per square foot was….

Howard Park.

Surprised?  But if you remember the poll we ran a few weeks ago on this site, Howard Park also took the crown for the fastest selling neighborhood in San Carlos in 2010.    A new king is born?

Here are the actually price per square foot figures for 2010, broken down by neighborhood:

Neighborhood Average $/Sq Foot Average Sales Price # of Homes Sold
Howard Park
$607 $986,355 33
El Sereno Corte
$592 $957,927 67
Clearfield Park
$561 $578,969 13
Alder Manor
$537 $1,074,214 21
Cordes
$518 $900,300 46
Beverly Terrace
$497 $1,027,931 66

Thanks again for your votes! Look for the San Carlos 2010 Year in Review in the coming days, with more interesting figures about the San Carlos real estate market.
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