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The BIG Announcement, Part II: Dwell Realtors Opens in San Carlos.

BigAnnouncement

A New Kind of Brokerage.

Last week, I announced the first of two significant developments pertaining to the residential real estate landscape in San Carlos, and on the mid-peninsula. That first announcement was the unveiling of my strategic partnership with Bob Bredel, and the cross marketing arrangement between the White Oaks Blog and the San Carlos Blog. Bob and I are thrilled with the universally positive feedback we have received from this announcement, and we look forward to working together to provide an unprecedented level of service to our clients in the coming year.

In that same post, I also alluded to a much more significant development that we would be unveiling in a second announcement. Well, after countless days of waiting, that day has finally come.

On behalf of all of my partners and colleagues, I am thrilled to announce the launch of Dwell Realtors, a ground-breaking real estate brokerage right here in San Carlos!

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Real Estate Taken Hyper-Local.

Although the phrase almost sounds a little cliche, real estate is indeed local.  Whether you are buying or selling a home, you are always best served by teaming with a proven, experienced agent who has their finger firmly on the pulse of the local market.  But in today’s ultra-tight and competitive real estate market, just being local isn’t good enough.  Success in today’s market relies on being as close to every nuance in the local market as you can possibly be, and thus executing a strategy based upon the most most up-to-date information available.  In other words, it’s hyper-local.

Dwell Realtors was founded on this very belief — to maximize our client’s success through an unprecedented level of service and visibility to the local real estate market.

How will we do this?

First, Dwell Realtors has completely retooled the structure of the typical real estate brokerage.  We are comprised of a very select team of experienced and proven local agents who work in a collaborative environment to maximize our clients’ interests. We firmly believe that putting this much experience, market knowledge, and business under one roof will simply create more opportunities for our respective buyers and sellers.  This is the very core of the Dwell philosophy.

Second, we believe that technology is of vital importance in today’s real estate market, which is moving at unprecedented speed.  Technology keeps our clients better educated about the market, exposes them to more opportunities in the market, which ultimately helps them make better buying and selling decisions. It’s the very impetus behind the popularity and utility of the White Oaks and San Carlos Blogs

Our Team.

Dwell is comprised of some of the most well-know and respected agents in the local market.  Bob and I are thrilled to now be working with Joyce Romeo, Tatum Clarke, Laura Bertolacci, Tara Jarmillo, Teri Shaughnessy, Kristina Patrick, Sarah Ravella, Cliff Whearley, Alana Corso, and a few more incredible additions that will be announced in the coming weeks.  The underlying philosophy in creating the team stresses the quality of the agents, not the quantity.

But like anything in this world, the whole must be greater than the sum of its parts, otherwise it’s simply not worth doing.  And therein lies the magic of this team. There is a tremendous chemistry that is pervasive in this office, and more important, a refreshing spirit of transparency and collaboration that will only help everyone on the team provide a better level of service for their clients than they could do on their own.

We’re very excited to work with our colleagues in the local real estate market, and to provide a new face on the local scene.  Our new office is right in the heart of the White Oaks neighborhood in San Carlos at 1500 Laurel Street.  Be sure to like our Facebook Page at DwellRealtors, and follow us on twitter @DwellAgents!
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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: 2-1-15.

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The activity was very intense last week in the world of San Carlos real estate, especially considering that we’re still in the final week of January, which is traditionally a slower month.  But buyers really rolled up their sleeves and battled for the few homes that were on the market.  8 homes went into contract in the last 7 days, with the vast majority of them getting multiple offers.

That in itself is not a surprise, but the prices that some of these homes fetched will raise some eyebrows when they are posted in a few weeks. And the sheer strength of the offers that are being written (even the losing ones) is simply amazing.  Suffice it to say that the new year has not brought any relief in pricing for homes in San Carlos.  The game is definitely on.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 2-1-2015:

San Carlos Housing Data 2-1-15 Prior Week
Closed Sales for the Week: 4 4
Average Sold Price: $1,228,675 $1,358,750
Average $/Sq Foot (Sold) $703 $860
Average Sold – Percentage Of List Price: 103% 99%
Average DOM of Closed Sales 11 37
No. of Homes Pending Sale: 19 15
No. of Active Listings: 8 11
Average Price of Active Listings: $1,282,494 $1,534,177
Average DOM of Active Listings: 18 16
Average $/Sq Foot (List) $689 $786
Active-Pending Ratio: 0.42 : 1 0.69: 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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The White Oaks Blog is now back in White Oaks…

Coming Home

Excited to be Home…

Last week, I announced on the blog that we were getting ready to launch a brand new sleek, hip real estate brokerage that would be located in San Carlos, and would be comprised of some of the more recognizable names in the local market.  While we are anxiously awaiting the go-ahead to release the official name and the details of the brokerage, I can tell you that we’re already busy at work getting this exciting venture off the ground.

Aside from working with an absolutely awesome team of agents, what excites me the most is that our new office is right here in White Oaks…  the namesake of this very website.  It’s tremendously exciting to be back in the neighborhood, and I can’t wait until we can share all of the details with you.  But for now, it’s just a thrill to have be back home.

Have an amazing weekend!
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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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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2014 San Carlos Townhouse/Condo Report.

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Big Rebound for Condos and Townhomes.

A few weeks ago, we did an in-depth analysis of the 2014 sales performance for all single-family home sales in San Carlos. We took a look at such metrics as Average Sales Price, Number of New Listings, and Average Days on Market, and compared them to the performance over the past 7 years.  The numbers were quite revealing, as they confirmed that we are indeed on a massive upswing in pricing. But some of the metrics were also a bit surprising, such as the fact that we experienced the lowest level of new listings in San Carlos than any point in the last 10 years.

In this post, we’ll take a similar look at the condo and townhouse market in San Carlos, and how it has performed over the same period.  For the purpose of this analysis, there is no differentiation made between condos and townhouses in these numbers — for simplicity, the are grouped together and the terms are used interchangeably.

Prices Surge Upward.

As the local economy improved and house prices began their breathtaking ascent, condos and townhouses became very attractive alternatives to those buyers who were simply priced out of the single-family home market, or who did not want the hassle of maintaining their own home.  Consequently, prices rose over 12% from 2013, and recovered a whopping 64% from the trough of the market in 2011.  Back in those dark days, quite a few condos were being sold as short sales, and unfortunately a disproportionate number went to foreclosure.  The $574,227 figure in 2014 squeaked ahead of the same metric posted at the peak of the market in 2007, thus marking a full recovery in prices from the depths of the recession.

>>> 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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week in Review: 1-25-15.

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The Peninsula real estate market is definitely back in full swing, even though we are still in January. Open houses were absolutely packed this weekend, as buyers looked to get a jumpstart on the rest of the home buyers that are planning to buy this year. 4 homes in San Carlos went into contract this past week, with none of them lasting on the market much longer than 2 weeks — and at least one of these 4 homes garnered quite a few offers.

Not all is rosy in the Silicon Valley job market, which plays such a big factor in the housing demand on the Peninsula.  eBay announced that they are laying off 2,400 workers, and Dreamworks is planning on shuttering its operations in the seaport of Redwood City, putting 500 people out of work. But it’s a fair bet that the overall growth of the tech economy still overshadows these missteps.  Box in Redwood City went public last week, which should bode well for their 1,100 or so employees that will be occupying those spectacular towers behind Sequoia Station.  And let’s not forget that gas prices are low, and the stock market is high — two items that help boost consumer confidence.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 1-25-2015:

San Carlos Housing Data 1-25-15 Prior Week
Closed Sales for the Week: 4 1
Average Sold Price: $1,358,750 $1,150,000
Average $/Sq Foot (Sold) $860 $1,250
Average Sold – Percentage Of List Price: 99% 118%
Average DOM of Closed Sales 37 8
No. of Homes Pending Sale: 15 16
No. of Active Listings: 11 10
Average Price of Active Listings: $1,534,177 $1,659,000
Average DOM of Active Listings: 16 15
Average $/Sq Foot (List) $786 $758
Active-Pending Ratio: 0.69 : 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!
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The Big Announcement, Part I: A Strategic Partnership — Bredel & Gillooley

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The First of Two Major Announcements from Bob Bredel & Chuck Gillooley

Earlier this week, there were two very conspicuously similar posts on both the White Oaks Blog and Bob Bredel’s San Carlos Blog about a significant announcement that was to be made today. If you read one of our blogs, you very likely also read the other — which is a big reason why this announcement makes so much sense. Those seemingly identical announcements were no sheer coincidence.  The things that we are announcing today and next week are indeed very much related and will have a major impact on the local real estate market.

Here’s the first…

On behalf of Bob Bredel and myself, I am very pleased to announce that we have formalized a strategic business partnership — Bredel & Gillooley — which not only includes ourselves as top-producing local Realtors, but also connects the San Carlos and White Oaks Blogs. This has been something that we have been working toward for some time and we are thrilled that we can finally go public with what we believe will be an extraordinary team that is poised to provide our clients with the most comprehensive, insightful and effective representation in San Carlos.

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Why the Partnership?

A few reasons: First, the real estate landscape has changed dramatically in San Carlos over the last few years. What has been happening in San Carlos and the rest of the mid-peninsula is a game changer. It’s just not extreme inventory shortages that have plagued San Carlos for the last three years — it’s bigger than that. Entire towns, like San Carlos, are being re-shaped from their long-standing identity. As such, being on top of the real estate market is more than being able to conduct a comparative market analysis for your clients. It’s understanding how the community as a whole is functioning, what’s changing and what’s important to its residents. It’s literally having your finger on the pulse of the local real estate market.

For the past eight years, the San Carlos Blog and the White Oaks Blog have been the go-to sites in San Carlos, not just for real estate updates and insight, but also for community issues and discussion. Combined, we are ready to put that knowledge and experience to work for all of our clients.

What Changes?

Simply put, you get both of us. While one of us will be your lead agent, you will get the experience, knowledge and advice of the other. If you are a seller, your home gets the highly local exposure on both the San Carlos Blog and the White Oaks Blog. We will both work to drive the highest number of qualified buyers to your home through a unique marketing plan that can only be accomplished by using both of our sites.

If you are a buyer, you will have complete access upcoming listings known by both of us. Inventory is the kingpin right now. Buyers availing themselves to the greatest number of opportunities will only increase their odds of landing the home they want.

We are very excited to launch our new partnership, and to offer all of you the experience, knowledge and insight that is so important in our highly performing and ever-changing San Carlos market.

The Next Big Announcement:

The Bredel & Gillooley team is only part of a much bigger, exciting evolution that will be taking place in the world of San Carlos real estate.  Holding true to our roots of our area, we are proud to announce the formation of a new real estate brokerage in downtown San Carlos that has been completely retooled from the ground up, and builds on the concepts of experience, collaboration, and technology — which are the hallmarks of our partnership. This new brokerage offers a sleek new look and a hip, modern feel. More important, this new brokerage will be comprised of some of the most recognized and established agents in the San Carlos, Redwood City, and Belmont real estate markets.

Stay tuned next week for another very special announcement on both the San Carlos Blog and White Oaks Blog where we will formally introduce the brokerage and the full roster of agents.

A sincere thank you from both of us. We look forward to seeing you around town!

— Bob Bredel & Chuck Gillooley

 
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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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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Major San Carlos Real Estate Announcement: Friday 1/23.

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Change is Coming…

To my clients, friends, and loyal readers of the White Oaks Blog:  There will be a major announcement (the first of several in the coming weeks) regarding myself and the White Oaks Blog this Friday, January 23rd — right here on the blog. I’m very excited about the news I will be sharing with you – I hope you will be to!

Stay tuned!
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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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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The San Carlos Real Estate Week in Review: 1-17-15.

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The San Carlos real estate market seems to be charging out the gate this January, very much in contrast to the Januarys of prior years.  This past week alone, there were 7 new single-family listings to debut on the market, which pushed the inventory back to double-digits for the first time in over a month.

There is a widely held belief that the true start of the real estate market is after the Super Bowl is completed. This may have been true since for many years a local team was either in the big game, or at least competing for it. But we all know that this year is different, right? Perhaps this is a reason for the early season surge that we are seeing, or it could be that home sellers are sensing that it’s time to cash out and move on.  Either way, we’re off to a promising start so far.

Here are the details from last week:

By the Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 1-17-2015:

San Carlos Housing Data 1-17-15 Prior Week
Closed Sales for the Week: 1 3
Average Sold Price: $1,150,000 $1,485,000
Average $/Sq Foot (Sold) $1,250 $603
Average Sold – Percentage Of List Price: 118% 97%
Average DOM of Closed Sales 8 31
No. of Homes Pending Sale: 16 13
No. of Active Listings: 10 5
Average Price of Active Listings: $1,659,000 $1,310,990
Average DOM of Active Listings: 15 9
Average $/Sq Foot (List) $758 $758
Active-Pending Ratio: 0.63 : 1 0.38: 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!
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Chuck Gillooley
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Dwell Realtors, Inc.

(650) 207-2024
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Email: Chuck Gillooley
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