free hit counter

Home » San Carlos Real Estate » Recent Articles:

The San Carlos Real Estate Week in Review: 6-1-13.

calendar

San Carlos Real Estate Summary.

Although it was a relatively small sample size at only 6 closed sales, it was still an eye-opener to see that the sales price for these 6 listings commanded a 14% premium on average over the asking price.  Four of the six fetched $200,000 or more over their asking price, or an upside of 17-20%.   Buying activity continues to be brisk, with 8 more homes going into contract over the past week.   And open houses reported crushing crowds over the weekend.

Even with a significant correction in the stock market at the end of the week, it doesn’t seem that anything can curb the enthusiasm and momentum of the real estate market in San Carlos right now.  It’s an amazing thing to see.

Here are the numbers 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 6-1-2013:

San Carlos Housing Data 6-1-13 Prior Week
Closed Sales for the Week:
6 12
Average Sold Price
$1,311,000 $1,300,875
Average $/Sq Foot (Sold)
$707 $671
Sold Price vs Orig List (%) 114% 107%
Average DOM of Closed Sales 9 12
No. of Homes Pending Sale: 34 32
Inventory of Active Listings:
17 19
Average Price of Active Listings: $1,258,118 $1,268,047
Average DOM of Active Listings: 19 28
Average $/Sq Foot (List) $611 $612
Active-Pending Ratio:
0.50 : 1 0.59 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 5-25-13.

calendar3

San Carlos Real Estate Summary.

The results of that frenetic surge of sales that happened in mid-April are starting to show up as closed sales.  This week, 12 homes closed escrow in San Carlos, and it’s interesting to see that percentage above list price that buyers are paying is still hovering around the 7% mark on average.  It has been as high as 11% (average) during the peak of the spring market.   Obviously, some homes have sold for much higher than that — even this week two homes closed that fetched a 17% premium over their asking price.

Interest rates on most home mortgages inched upward slightly this week, which definitely caught the attention of buyers who are still out there looking for homes.  It was only a minor uptick of only 0.125 – 0.250, depending on the loan product, but certainly a trend in the wrong direction for buyers.  It will be very interesting to see if this is a pre-cursor of things to come, or simply a minor market correction.

Here are the numbers 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 5-11-2013:

San Carlos Housing Data 5-25-13 Prior Week
Closed Sales for the Week:
12 6
Average Sold Price
$1,300,875 $1,290,833
Average $/Sq Foot (Sold)
$671 $708
Sold Price vs Orig List (%) 107% 107%
Average DOM of Closed Sales 12 8
No. of Homes Pending Sale: 32 37
Inventory of Active Listings:
19 19
Average Price of Active Listings: $1,268,407 $1,261,091
Average DOM of Active Listings: 28 24
Average $/Sq Foot (List) $612 $625
Active-Pending Ratio:
0.59 : 1 0.51 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 5-18-13.

calendar1

San Carlos Real Estate Summary.

If you want a good snapshot that captures the speed and strength of the San Carlos Real estate market, just look at the stats directly below for homes that sold (closed escrow) this past week.   The average price per square foot was over $700, the average number of days on the market was only 8, and the sales prices were roughly 7% above the asking price.     Those are some pretty hefty numbers in a market that just doesn’t seem to be losing any steam.

It also serves as a great reminder that you have to stay on task if you’re actively looking to purchase a home in this market, because things are still moving very quickly — even as more listings are coming onto the market.    If homes are selling within the first week of their debut, every single day matters when you’re putting together your buying strategy.   And that will get further complicated as we head into the early part of the vacation season for many people.

Here are the numbers 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 5-11-2013:

San Carlos Housing Data 5-18-13 Prior Week
Closed Sales for the Week:
6 7
Average Sold Price
$1,290,833 $1,324,000
Average $/Sq Foot (Sold)
$708 $691
Sold Price vs Orig List (%) 107% 105%
Average DOM of Closed Sales 8 13
No. of Homes Pending Sale: 37 35
Inventory of Active Listings:
19 16
Average Price of Active Listings: $1,261,091 $1,355,854
Average DOM of Active Listings: 24 10
Average $/Sq Foot (List) $625 $602
Active-Pending Ratio:
0.51 : 1 0.51 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

New Listing: 3299 La Mesa Drive #9, San Carlos

Photographed by Blu Skye Media

The Best of Brittan Heights.

If you’re in the market for a condo in San Carlos, you’ll definitely want to see the unit that I’m putting on the market today up in Brittan Heights.   3299 La Mesa Drive #9 is one of the coveted top-level condos in the Brittan Heights complex.  The top-level units are only a single flight of stairs up from the entry level, so they’re just as easy to access as the bottom level units.  But they’re the only ones that have the soaring vaulted ceilings that give the unit a light and bright feel.

This two-bedroom unit has an updated kitchen with elegant counter tops, and is immaculately clean throughout.    It has 1,040 square feet of bright and open living space that features  a full master suite, guest bedroom, and two full bathrooms.   And as you know with Brittan Heights, there are multiple pools and tennis courts located throughout the complex to indulge your active lifestyle.

One of the things I like best about Brittan Heights is the location.  Nestled in the woods at the top of the hill, you almost feel like you’re in Tahoe, or up along the Skyline Ridge.  But it’s literally a two minute drive to Highway 280 for your commute needs, and even closer to the beautiful and popular Edgewood Park, for those who really want a challenging run or hike.

This great condo will be open this weekend from 1-4 on both Saturday and Sunday, so be sure to get out and see it asap.   The last two 2BR units that were for sale in Brittan Heights both sold in the first week on the market with multiple offers — and neither were top-level.

Click here for a virtual tour of the unit, or take a look at a few of the pictures of this wonderful home below:

Living Room

Living Room

Master Suite

Master Suite

 

Updated Kitchen

Updated Kitchen

Patio Deck

Patio Deck

I hope to see you all this weekend!
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 5-11-13.

calendar1

San Carlos Real Estate Summary.

Rumor has it in some communities that their respective real estate markets are beginning to cool down (which, of course, is a a completely relative term).   I’ve heard some anecdotal comments from other agents that homes in these areas are getting fewer offers and not for as outlandishly above the list price as they were just a month or so ago.

I wish I could say the same about San Carlos, but that’s just not happening… at least not yet.  Yes, there’s the occasional home that I thought would have been picked off much sooner, but by and large things are still moving in a fast-forward manner here.  10 homes went into contract just last week, and all but one of them didn’t last on the market for a full two weeks.  Several of them never made it to their first open house.  And a few of them fetched sales prices that will still make you gasp — if that’s even still possible after all that has happened so far this year.

No, those are not signs of a market that is starting to settle down, folks.  There will be a couple very nice 3BR/2BA homes that will hit the market at the end of this week that will give us a very good idea of just temperature the market is sitting at.  Stay tuned for those…

Here are the numbers 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 5-11-2013:

San Carlos Housing Data 5-11-13 Prior Week
Closed Sales for the Week:
7 5
Average Sold Price
$1,324,357 $1,231,000
Average $/Sq Foot (Sold)
$691 $709
Sold Price vs Orig List (%) 105% 111%
Average DOM of Closed Sales 13 11
No. of Homes Pending Sale: 35 32
Inventory of Active Listings:
16 20
Average Price of Active Listings: $1,355,854 $1,364,469
Average DOM of Active Listings: 10 10
Average $/Sq Foot (List) $602 $583
Active-Pending Ratio:
0.51 : 1 0.63 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 5-4-13.

calendar8

San Carlos Real Estate Summary.

Inventory was the talk of the real estate community this week, and finally in a positive tone.    Who would have thought that it would be good news when the inventory level hit 20?   But it did this week, and that’s a milestone that hasn’t been achieved in about 3 months in San Carlos.     There are actually more homes for sale now in San Carlos than there are in Belmont.   It’s a “fresh” inventory of homes that buyers have to look at too, since the average days on market for all listings in San Carlos is only 10 days.  So at least for this week, the table has turned slightly back in the direction of buyers.  It will be interesting to see how they respond this coming week.

Here are the numbers 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 5-4-2013:

San Carlos Housing Data 5-4-13 Prior Week
Closed Sales for the Week:
5 5
Average Sold Price
$1,231,000 $1,395,667
Average $/Sq Foot (Sold)
$709 $783
Sold Price vs Orig List (%) 111% 111%
Average DOM of Closed Sales 11 30
No. of Homes Pending Sale: 32 32
Inventory of Active Listings:
20 11
Average Price of Active Listings: $1,364,469 $1,381,985
Average DOM of Active Listings: 10 16
Average $/Sq Foot (List) $583 $579
Active-Pending Ratio:
0.63 : 1 0.34 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

Sheriff’s Department Annual Town Hall for San Carlos: May 7th.

Sheriff

Annual Police Update.

As they have done for the past several years, the San Carlos Police Bureau of the San Mateo County Sheriff’s Office will be hosting its Annual Town Hall Meeting on Tuesday, May 7th -  7:00pm at City Hall (600 Elm Street).  This is a great opportunity to discuss ongoing crime prevention efforts in San Carlos, and to get the answers to your most pressing questions, such as:

  1. What’s going on will all these burglaries?”  You will receive an update directly from our Burglary Detectives on our most recent developments in the residential burglary investigations.
  2. How can I learn about crime in my neighborhood?”  You will learn how to plot San Carlos crimes from your home computer.
  3. What is being done to keep my kids safe in and around San Carlos Schools?“  You will hear from our School Resource Officer about all that has been done to protect your children in and around San Carlos Schools.
  4. What are the crime trends that will effect the City?”  You will receive an overview from the Police Chief about crime and policing activities in San Carlos.
  5. What is the most underestimated public safety threat we face?“  Answer:  Earthquakes.  You will get information about how to be prepared for a local emergency such as a major earthquake.
  6. Since the police can’t be everywhere at once, how can we better protect ourselves?“  You will receive valuable crime prevention information and learn about Neighborhood Watch.

If the past year’s meetings are any indication, this will be a very interesting and informative meeting.  So mark your calendars, and we’ll see you there.
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 4-27-13.

calendar

San Carlos Real Estate Summary.

Buyers were certainly busy this past week in San Carlos.  10 homes went into contract over the past 7 days, leaving us once again with a paltry inventory level heading into the new week.  In fact, the ratio of active/pending is so absurdly low this week that it’s almost comical.  As I’ve stated before, in a normal market, you’d expect that ratio to be at least 2.0 – 3.0….i.e. 2-3 times as many homes for sale as the number that are pending sale.  This week it sits at 0.34!!    It almost defies logic to have that number sitting below 1 for as long as it has been.   But that’s the market we are in right now, and there doesn’t seem to be any indication that it’s changing any time soon.

Here are the numbers 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 4-27-2013:

San Carlos Housing Data 4-27-13 Prior Week
Closed Sales for the Week:
5 5
Average Sold Price
$1,395,667 $1,2266,255
Average $/Sq Foot (Sold)
$783 $719
Sold Price vs Orig List (%) 111% 111%
Average DOM of Closed Sales 30 13
No. of Homes Pending Sale: 32 25
Inventory of Active Listings:
11 15
Average Price of Active Listings: $1,381,985 $1,528,493
Average DOM of Active Listings: 16 13
Average $/Sq Foot (List) $579 $638
Active-Pending Ratio:
0.34 : 1 0.6 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

Chuck’s Recent Sales

Put my experience to work for you!

I've helped over 50 families make their next move in the City of San Carlos, and many more in the surrounding communities. Click the sign below to see a list of all the homes that I have helped my clients buy or sell!

Chuck's Sales Production

Hey San Carlos, What Do You Think?

Which are your favorite sushi restaurants in San Carlos? (You can vote for 2)

View Results

Loading ... Loading ...

Enter your email address to subscribe to the White Oaks Blog, and receive notifications of new posts by email. No spam....ever. Promise.

San Carlos Home Search


Click the picture below to see ALL of the homes that are currently for sale in San Carlos!

San Carlos Home Search

Open House: San Carlos


Click the Open House sign below to see ALL of the homes, townhomes, and condos that will be open in San Carlos this weekend!

San Carlos Open House

The White Oaks Blog is created by:


Chuck Gillooley
Chuck Gillooley
Realtor, San Carlos Resident

(650) 207-2024
BRE# 01750684
Email: Chuck Gillooley
Website: http://cghomes.net
Facebook: http://facebook.com/WhiteOaksBlog



Chuck Gillooley

Top Agent Network


Chuck Gillooley - Real Estate Agent
Top Blogs
Powered By Blogmetrics.org

Testimonials

"He helped to make our first-time home-buying process as smooth as possible. For us, he was the perfect agent. He was well-informed, reliable, available, on-the-ball, friendly, pleasant and an all-around great guy."

Jason and Alisha D., Burlingame

San Carlos Weather

On This Day…



Related posts: