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The San Carlos Real Estate Week in Review: 10-25-14.

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This past week in San Carlos the market tallied another round of stellar sales results, and that was right on the heels of an equally strong week before.   The data from the 8 homes that closed escrow is pretty amazing:  $881/ square foot, 106% of the list price, and only 8 days on average to sell.   Those are almost Spring-like numbers, but it confirms what I have conveyed all along in the pages of this site — the early part of the Fall market, from Labor Day to about mid-October, is a very robust “secondary” market and nearly rivals the traditional Spring buying season.

Despite all of the expectation that interest rates would start to climb, world events and a rocky ride on the stock market over the past two weeks have kept rates bouncing along at rock-bottom levels.  The conditions are still very good for buyers in this abbreviated market.  The only thing holding back this market, as has been the case all year, is a lack of good inventory.  This means that sellers should still be able to secure very good pricing all the way up through the Thanksgiving holiday weekend.

Here are the details from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 10-25-2014:

San Carlos Housing Data 10-25-14 Prior Week
Closed Sales for the Week: 8 6
Average Sold Price: $1,505,486 $1,481,667
Average $/Sq Foot (Sold) $881 $825
Average Sold – Percentage Of List Price: 106% 113%
Average DOM of Closed Sales 8 10
No. of Homes Pending Sale: 21 23
No. of Active Listings: 17 16
Average Price of Active Listings: $1,529,575 $1,526,361
Average DOM of Active Listings: 35 37
Average $/Sq Foot (List) $706 $605
Active-Pending Ratio: 0.81 : 1 0.7: 1

>>> Click Here to Read the Full Post
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The San Carlos Real Estate Week in Review: 10-18-14.

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Well, just when you thought prices were starting to settle down a bit in San Carlos!! The 6 homes that closed escrow this past week (see below) were all early-fall issues — in other words, they all made their debut on the market sometime between Labor Day weekend and mid-September.  None of them were carry-overs from the summer months.

These six home sales pretty well capture the essence of what was happening in the San Carlos real estate market during the first few weeks of September.  Open houses were well attended as buyers returned en masse from the summer break.  And most, if not all, of the homes that closed this week received multiple offers, although not necessarily in the eye-popping quantities that we saw during the crazy Spring months.

But the lack in quantity was more than made up for in the quality of the offers, as is evidenced by the whopping 13% average kicker over the list price that these homes fetched.  The two listings I had on Greenwood and Saint Francis got 3 offers each, which might be considered a low turnout compared to the Spring market.  But all 6 offers were extremely strong and were well over the asking price, which speaks volumes about the strength and determination of the buyers that are still in the hunt this fall.

Here are the details from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 10-18-2014:

San Carlos Housing Data 10-18-14 Prior Week
Closed Sales for the Week: 6 5
Average Sold Price: $1,481,667 $1,387,000
Average $/Sq Foot (Sold) $825 $728
Average Sold – Percentage Of List Price: 113% 104%
Average DOM of Closed Sales 10 12
No. of Homes Pending Sale: 23 26
No. of Active Listings: 16 12
Average Price of Active Listings: $1,526,361 $1,525,407
Average DOM of Active Listings: 37 43
Average $/Sq Foot (List) $605 $657
Active-Pending Ratio: 0.7 : 1 0.46: 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: 10-11-14.

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We are effectively at the mid-point of the Fall real estate market in San Carlos, square in between the Labor Day and Thanksgiving weekends. The market has taken on a bit more of a relaxed vibe than the craziness and intensity that we witnessed during the Spring market. As we discussed last week, certain homes that don’t necessarily have all of the boxes checked for today’s buyers are taking a bit of a haircut to get into contract. Homes that have the “right stuff” are still selling quickly, and in a competitive environment. But the number of offers on each deal seems to be more reasonable than what we witnessed earlier this year. That trend certainly continued last week.

This should be good news for home buyers who have weathered the storm of 2014, but may still be reluctant to step back into the fray. The second half of the Fall market should present some great opportunities to pick up a home before the market kicks into hibernation mode for the winter. The big challenge over the coming weeks, however, will be re-building the inventory to give buyers something to choose from. As of this morning, there are only 11 single-family homes for sale in the entire city, and that number will likely drop further as the week progresses.

Here are the details from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 10-11-2014:

San Carlos Housing Data 10-11-14 Prior Week
Closed Sales for the Week: 5 9
Average Sold Price: $1,387,00 $1,537,667
Average $/Sq Foot (Sold) $728 $810
Average Sold – Percentage Of List Price: 104% 99%
Average DOM of Closed Sales 12 32
No. of Homes Pending Sale: 26 26
No. of Active Listings: 12 15
Average Price of Active Listings: $1,525,407 $1,364,393
Average DOM of Active Listings: 43 34
Average $/Sq Foot (List) $657 $734
Active-Pending Ratio: 0.46 : 1 0.58: 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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What To See This Weekend in San Carlos – 10/10/2014.

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There will be a lot of local events competing for the attention of San Carlos home buyers this weekend — The San Carlos Art and Wine Faire is back this weekend for its 24th annual appearance. For you speed junkies, the Blue Angels take to the Bay Area skies again after a short hiatus in the ever-popular Fleet Week festivities up in San Francisco. And of course, there’s the normal array of soccer games, shopping trips, etc..

For those home buyers who choose to stay and task and check out the local inventory, there are a few solid choices to check out in San Carlos. Ironically, all 3 of this week’s choices are 4-bedroom homes — something that’s usually an anomaly in a city that is dominated by 3-bedroom homes.  And it’s even more unusual considering how low the inventory has dropped yet again. As of this morning, the total number of single-family homes for sale in San Carlos dropped to 13 homes, and that number will likely drop before the weekend unless some new inventory comes online today.  The townhouse/condo market is in no better shape, with only 4 units to choose from this weekend.

Both of these numbers are surprisingly low, since we are essentially at the midpoint of the Fall real estate market and one would expect a peak in new listings.

Here are a few great homes to see this weekend. Be sure to click on the address for more details and photos:

1028 Rosewood Avenue, San Carlos

1028 Rosewood Avenue – $1,950,000

From everything that I’ve heard from hosting my own open houses over the past month, the flats of San Carlos is where everyone seems to want to be right now — the closer to downtown, the better.  If that is indeed what you are looking for, then be sure to drop by my listing at 1028 Rosewood Avenue this Sunday. Not only is it pretty rare that a house comes up for sale on this stretch of Rosewood, but you also don’t see homes this nicely finished on the market either. The sellers did a super job of preserving the circa-1926 heritage of the original home while blending modern amenities and a bunch of extra living space.

This home is much bigger that it appears when you first drive up.  But with 4 bedrooms and 3.5 baths inside of 2,720 square feet of living space, this home can easily handle a large family or host a big dinner party.  Gorgeous updated kitchen with huge granite slab, fully renovated bathrooms, and a massive master bedroom suite with soaring vaulted ceilings — this home has it all. Click here for the virtual tour.  And let’s not forget that it’s literally a couple of blocks away from the extremely popular north stretch of Laurel Street.

1028 Rosewood Avenue will be open on Saturday and Sunday from 1-4 for its second and final open house weekend–make sure you see it before it’s gone!

55 Sequoia Court – $1,699,999

55 Sequoia Court, San Carlos

55 Sequoia Court, San Carlos

Another 4-bedroom option to see this weekend is 55  55 Sequoia Court. This home is situated in the northern section of San Carlos just off Club Drive.  For families with school aged children, you’ll find that this is an ideal location since all three of the primary schools — Arundel Elementary, Tierra Linda Middle, and Carlmont High Schools — are just blocks away from home.

At 2,610 square feet this is a generously sized home, with 4 bedrooms and 2.5 bathrooms on a 5,096 square foot lot.  It has lots of updates throughout, and provides you with another option for that seemingly elusive four bedroom home in San Carlos.

55 Sequoia Court is listed at $1,699,999 by Chris Frangos of Keller Williams, and will be on open on Sunday from 1:00-4:00PM.

 

 

Click here for a list of all of the other homes and condos that will be open this weekend.   Happy house hunting!
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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: 10-4-14.

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There is an interesting trend that has been developing in the Fall real estate market that I have sensed for the past few weeks, and that the numbers below are now starting to verify. First, if you look at the average percentage over the asking price that ALL homes are fetching in San Carlos, it has dropped significantly over the past few weeks. This past week, it was 99% and the previous week was about 100%. For most of the year, those numbers have been running at least 108% pretty consistently, and have been as high as 115%. At first blush, one could logically conclude from this statistic that the real estate market is slowing down in San Carlos, or at least leveling off.

However, if you look more closely at the individual sales prices below you will see two very different scenarios playing out in this market, and it highlights a critical difference between what we experienced in the white-hot spring market of 2014, and what we are now seeing in the fall.   On one hand, several homes that closed escrow this past week fetched hefty premiums over the asking price — exactly what we’ve seen all year. But this week, more than half of the homes that sold needed a significant price reduction to do so. That is likely the first time this year that this has happened and it underscores the fact the market is starting to push back a little on homes that are priced too optimistically for either their location, size, or condition. That certainly wasn’t the case in the spring, when whatever price was planted on the front lawn was virtually guaranteed to get a 10-15% kicker.

What this tells me is that the market is starting regain a little of its sanity. Multiple offers are still being seen for homes that have the “right stuff” (good location, condition, and price), although the number of offers seems to be less that what we saw in the Spring.   The big difference now is that the market is pushing back on those “fringe” homes that may not hit that sweet spot that buyers are looking for. In other words, there are still strong and very qualified buyers out there — they ‘re just being a bit more picky in this market.

Here are the details from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 10-4-2014:

San Carlos Housing Data 10-4-14 Prior Week
Closed Sales for the Week: 9 6
Average Sold Price: $1,537,667 $1,573,333
Average $/Sq Foot (Sold) $810 $781
Average Sold – Percentage Of List Price: 99% 100%
Average DOM of Closed Sales 32 21
No. of Homes Pending Sale: 26 29
No. of Active Listings: 15 15
Average Price of Active Listings: $1,364,393 $1,385,123
Average DOM of Active Listings: 34 16
Average $/Sq Foot (List) $734 $706
Active-Pending Ratio: 0.58 : 1 0.50: 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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Coming This Weekend: 1028 Rosewood Avenue, San Carlos

1028 Rosewood Avenue, San Carlos

Incredible Home, Incredible Street.

There are a handful of streets in San Carlos that elicit an almost reverent response from home buyers and residents alike at the mere mention of their names.   The 1900 Block of Carmelita comes to mind, as does anywhere on Colton and Kelton Avenues.  And Graceland Avenue always gets its own special acknowledgement.  If you’re really in for a sense of adventure, no discussion of top streets would be complete without including Eucalyptus Avenue.

But when you factor in its prime downtown location, stunning homes, and breathtaking curb appeal, the two-block stretch of Rosewood Avenue between Brittan and Arroyo Avenues is almost in a league of its own in San Carlos.   It’s the kind of street that people will wait for years for the right house come on the market.  And when a house comes on the market on this street, it’s definitely newsworthy.

This weekend, I am thrilled to present a fantastic home that is equally as enchanting as the street that it resides on– 1028 Rosewood Avenue.   As impressive as it is from the outside, this 4-bedroom, 3.5 bathroom, 2,720 square foot home is even more amazing when you step through the front door.

But don’t just take my word for it — click this link for all of the pictures and the virtual tour.

Old-World Meets a Modern Touch.

1028 Rosewood Avenue is one of those few homes that effortlessly blends its old world roots with today’s modern amenities.  As you step into the foyer, you’ll immediately appreciate the craftsmanship and detail of its Spanish roots, from the traditional arched doorways, to the rich mahogany hardwood floors, to the intricate tile work that frames the living room fireplace.

The formal living room connects directly to the elegant separate dining room (something that is sorely missing from many homes in San Carlos) and is ideally situated between the living room and beautiful, modern kitchen.   The dining room is perfectly capable of hosting an important formal event, or just an large family gathering over the holidays.

The spectacular remodeled eat-in kitchen flows seamlessly into the family room connects for that sought-after “great room” feel.   Its expansive counters and sitting area make this an ideal spot for indulging your love of baking, or just catching a quick, casual meal

The Master of Master Suites.

When it’s time to retreat for the evening, you’ll be simply spellbound by the expansive, private master suite.

With soaring vaulted ceilings, brand new rich oak hardwood floors, and a separate wood-burning fireplace, you’ll feel as if you’ve stepped into a luxurious villa, rather than your own master bedroom.   There are even two large separate “his and hers” closets that can handle just about any wardrobe challenge.  There will be no confusion on which closet will be “hers” and which will be “his”.

The master bathroom has been completely updated and matches the wow-factor of the entire master suite with its modern frame-less glass shower stall and chic design touches throughout.

There’s even a private balcony adjacent to the master where you can catch up on your favorite book over a cup of coffee.

Outdoor Living.

If outdoor living is your thing, the flat 6,000 square foot gorgeously landscaped yard is every bit as incredible as the home itself.  The downstairs patio overlooks a the lush green lawn that is framed by blooming flowers.   The stately trees provide ample shade for those warm summer days.   There is simply no detail that has been overlooked in this home.

If you’ve been waiting for a special home close to downtown San Carlos to finally become available, then put 1028 Rosewood Avenue at the top of your list of ones to see this weekend.  There are only about a dozen homes for sale right now in all of San Carlos, with only a few of them in the flats, and probably none of them in a better location than this home.  This amazing home is listed at $1,950,000 and will be open on both Saturday and Sunday from 1-4.

This may not be the only home you see this weekend, but it will be the one that you won’t forget…
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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: 9-27-14.

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The San Carlos real estate market is resolving any doubts about any potential softening or leveling-off coming out of the slower months of July and August.  Buyers are definitely out in full force this Fall, as open houses have been very well attended and multiple offers are still happening for the right properties.

Five of the eight homes that went into contract this past week were on the market for less than two weeks.   Many of the hotter issues are only on the market for a single week, which means buyers must prioritize getting in to see these homes as soon as possible, whether at the open house or via a private showing.   As the daylight hours start to dwindle at this time of they year, that poses even a bigger challenge if you’re trying to view homes after work during the week.

And speaking of hot new listings, stay tuned to the sight in the coming days – I’ve got another spectacular downtown home that will be on the market this weekend.

Here are the details from last week:

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 9-27-2014:

San Carlos Housing Data 9-27-14 Prior Week
Closed Sales for the Week: 6 12
Average Sold Price: $1,573,333 $1,460,042
Average $/Sq Foot (Sold) $781 $819
Average Sold – Percentage Of List Price: 100% 108%
Average DOM of Closed Sales 21 10
No. of Homes Pending Sale: 29 27
No. of Active Listings: 15 16
Average Price of Active Listings: $1,385,123 $1,406,479
Average DOM of Active Listings: 16 15
Average $/Sq Foot (List) $706 $706
Active-Pending Ratio: 0.5 : 1 0.6 : 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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Coming This Weekend: 1627 Saint Francis Way, San Carlos

September 26, 2014 San Carlos Real Estate No Comments
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The Very Best of White Oaks.

Everyone has a San Carlos home or two in their mind that so enchants or intrigues them that they think, “I can’t wait for that house to go on the market someday just so that I can see it.”   I know I have a few of those on my list, too, and I’m absolutely delighted to be bringing one of those homes onto the market this weekend:

1627 Saint Francis Way, in the White Oaks neighborhood of San Carlos.

I’m sure this home is on a few of your lists as well.

1627 Saint Francis Way is one of those homes that has such tremendous curb appeal that it literally makes you do a double-take when you drive by.    The articulate craftsman detail of the front facade and the impeccably landscaped yard make this one of the most attractive homes in all of White Oaks, let alone on the entire street.   And I can tell you this first-hand– it’s just as amazing on the inside as it is on the outside.

But don’t just take my word for it — click this link for all of the pictures and the virtual tour.

Class and Elegance.

From the minute you step inside 1627 Saint Francis, you are embraced by the elegance and style of this home.   Whether you’re impressing your friends with a lavish dinner party, or simply relaxing at home with the family, this home is equally adept at either task.

The living and dining areas flow seamlessly together, and share a spectacular soaring vaulted ceiling and articulate details throughout. There’s a cozy sitting area around the fireplace where you can catch the big game, or just curl up and enjoy the quiet time with a good book.

The spectacular remodeled eat-in kitchen adjoins this living and dining area,  and is simply a sight to behold.  With elegant granite counters, dark wood cabinets, and stainless steel appliances, this is kitchen is a chef’s dream.  But it’s also tremendously functional, with a large island that is perfect for those casual dining times.   The family room connects right to the kitchen area for that sought-after “great room” feel too.

These main living areas flow so effortlessly together that you can easily see how this home can gracefully handle your biggest  entertainment events.

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And when it’s time to retreat for the evening, you’ll love the fact that all three generously-sized bedrooms are logically situated together at the rear of the home.  The bedroom to the rear of the home is incredibly spacious, and can easily handle two full bedroom sets, which is perfect for those kids who want to bunk together.   And the second bedroom is ideally suited as a guest bedroom or a home office.

But the real treat awaits you in the private master suite.   You’ll absolutely love relaxing in this private oasis, complete with its own private bathroom that has been remodeled to suit even the most discriminating taste.   You even have a private access to gorgeous landscaped back yard.

Outdoor Living.

And speaking of yards, this home checks one of the biggest boxes that’s on the checklist of just about every San Carlos buyer today — a flat, usable yard.   This beautifully landscaped back yard has a lush green lawn that’s perfect for a kid’s play area.    There’s even a separate workshop that has been fully connected with electricity that can double as an art studio, or a detached playroom for the kids.

When you’re finally ready to relax, there’s a flagstone patio area where you can kick off your shoes and enjoy a cup of coffee and the paper.   This home has it all.

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If you’re looking for a spectacular home in the flatlands of San Carlos, then put 1627 Saint Francis Way at the top of your list of ones to see this weekend. There are only about a dozen homes for sale right now in all of San Carlos — and fewer than half of them are in the flats.   This amazing home is listed at $1,495,000 and will be open on both Saturday and Sunday from 1-4.

I can assure you that this one will not be on the market very long, so don’t miss your chance to see it!
_____________________________________________________________________________

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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