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The San Carlos Real Estate Week in Review: 5/30/2016.

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The Scoop.

Happy Memorial Day, San Carlos! We are nearing the end of what has been an extremely busy month for San Carlos residential real estate. Even this past week saw quite a bit of activity, despite the fact that we were heading into a long weekend and many people opt to get out of Dodge a little early.

There were nine new single family residence listings to hit the market last week in San Carlos, which is a strong number considering the pace of new listings that we have seen so far this year. But an equal number of homes also went into contract during the same time period, thus keeping our inventory at the roughly the same level as the prior week. But regardless of the activity, it’s still a bit surprising to see the inventory sitting in the mid-high 2o range for as many weeks as it has. I will publishing some stats later this week that may give us a good idea why this is happening.

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 5/29/2016:

San Carlos Housing Data 5/29/16 Prior Week
Closed Sales for the Week: 6 4
Average Sold Price: $2,018,667 $2,088,750
Average $/Sq Foot (Sold) $907 $838
Average Sold as Percentage Of List Price: 102% 109%
Average DOM of Closed Sales 13 7
Total # of Homes Pending Sale: 36 32
No. of New Listings: 9 6
Total # of Active Listings: 24 25
Average Price of Active Listings: $1,858,447 $1,989,611
Average DOM of Active Listings: 21 21
Average $/Sq Foot (List) $849 $871
Active-Pending Ratio: 0.67 : 1 0.8 : 1

>>> Click Here to Read the Full Post
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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
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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: 5/16/2016.

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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
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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.
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.
Don’t miss a single update!
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Love Your Home – While You’re Still In It.

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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!
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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.
Don’t miss a single update!
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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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New San Carlos Listing: 2211 Howard Avenue

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Spectacular Indoor and Outdoor Living.

I’m thrilled to announce my newest listing at 2211 Howard Avenue in the wonderful Oak Park neighborhood of San Carlos! In a market where buyers are constantly talking about indoor and outdoor living spaces, this home has something for everyone.

This 3 bedroom,  2 bathroom home exemplifies the open floor plan concept that is so appealing to today’s home buyers. The entry from the living room to the dining area, and from the dining area to the kitchen have been opened up completely with elegant, modern arched entries. The net result is that all of these area flow together seamlessly, making the house feel large and wide open.

The remodeled kitchen is also amazingly spacious and features expansive granite counters and stainless steel appliances, including a Viking gas range.

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The bedrooms are all generously sized and located close together in the same general area of the home, which is obviously a nice feature for families with smaller children. The master bedroom suite is quite large, and is nicely situated toward the rear of the home.

master-bedroom

But the magic of 2211 Howard is not just fabulous living area. Take one step through the French doors off the dining area, and you’ll be smitten by one of the most picturesque yards on the market today in San Carlos. The sprawling wood deck is easily big enough to handle your most demanding party, or simply a great place to enjoy dinner on a warm summer evening.

Beyond the deck, you’ll find a lush lawn area that’s adjacent to a fun play structure for the little feet in the family. There are even several raised vegetable beds that are ideal for the home gardener in the family. And note that all of the landscaping can be irrigated by your own private well, which is located in the detached studio at the back of the property.

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The back yard simply explodes in the colors of Spring, and you’ll look forward to spending every weekend in your own private oasis!

The aforementioned back studio is an ideal spot for an additional play room, a home office, or even an art room. Or for those of you who just need additional storage area, this fits the bill perfectly. It’s a rarity to find these bonus rooms in San Carlos, and it’s one of the very unique features of this property.

Want to See More?

2211 Howard Avenue is located in a fabulous part of San Carlos.  It’s only few blocks away from the award-winning San Carlos Schools, and it’s a quick jaunt over to Burton Park or to the bustling downtown shopping and dining district of San Carlos.

For the complete photo gallery of this great home, just click here:  2211 Howard Avenue Photo Gallery.

Finally, if you’d like to see this gem in person, stop by the open house this weekend on either Saturday or Sunday from 1-4 PM.  The pictures just cannot do this house justice! But either way, get in to see it soon before it’s gone!

 

 
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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.
Don’t miss a single update!
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Hey San Carlos, What Do You Think?

Should San Carlos Reduce the Maximum Size Limits for Residential Construction?

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