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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

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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: 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
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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: 1-10-15.

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The early-January real estate market in San Carlos is slowly starting to awaken from the traditional holiday hibernation. There were 3 new listings to hit the market last week, and more that are in the planning phases to make their debut in the coming weeks.  It will take a pretty significant push to get the inventory back up into the double-digits, but early indications are showing that January will be an active month.

If you’re a buyer in this market, it would be good advice to pay close attention to the market in the coming weeks. There should be some good opportunities coming available.

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 1-10-2015:

San Carlos Housing Data 1-10-15 Prior Week
Closed Sales for the Week: 3 3
Average Sold Price: $1,485,000 $1,122,960
Average $/Sq Foot (Sold) $603 $804
Average Sold – Percentage Of List Price: 97% 100%
Average DOM of Closed Sales 31 24
No. of Homes Pending Sale: 13 16
No. of Active Listings: 5 3
Average Price of Active Listings: $1,310,990 $1,189,667
Average DOM of Active Listings: 9 32
Average $/Sq Foot (List) $758 $804
Active-Pending Ratio: 0.38 : 1 0.19: 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: 1-3-15.

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Welcome to 2015 on the White Oaks Blog! There was not much activity to report from the prior week, which was to be expected since it was the final holiday week of 2014.   But last week marked the close of what was the most dynamic real estate years in San Carlos in recent memory.  We will take a look back at 2014 later this week in the blog, but suffice it to say that numerous real estate records were set last year in San Carlos and throughout the Peninsula.  What’s even more incredible is that many of these same records will likely be topped in 2015 if the market continues on its upward trajectory.

So here’s to a prosperous New Year to all, and welcome back to another year on the White Oaks Blog.  Thank you again for being loyal readers of the site.

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 1-3-2015:

San Carlos Housing Data 1-3-15 Prior Week
Closed Sales for the Week: 3 5
Average Sold Price: $1,122,960 $1,611,420
Average $/Sq Foot (Sold) $804 $1,079
Average Sold – Percentage Of List Price: 100% 112%
Average DOM of Closed Sales 24 15
No. of Homes Pending Sale: 16 17
No. of Active Listings: 3 4
Average Price of Active Listings: $1,189,667 $1,377,500
Average DOM of Active Listings: 32 24
Average $/Sq Foot (List) $804 $752
Active-Pending Ratio: 0.19 : 1 0.24: 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 San Carlos Real Estate Week in Review: 12-27-14.

2015 Counter For New Year Illustration

The San Carlos Real Estate Week in Review took a short break last week due to the holidays, and also because there simply weren’t enough real estate transactions to warrant reporting, which is to be expected around the holiday season. So this week’s data incorporates all of the activity over the past two weeks, and will be the final Week in Review in what has been an amazing 2014.

Thank you for being loyal readers of the White Oaks Blog! The readership of the site jumped exponentially in 2014, making it one of  the most sought after resources for information on San Carlos real estate. I’m personally very excited about what lies ahead for the site in 2015, which will mark the eighth year of reporting on everything that makes San Carlos what it is. There will be more in-depth coverage of events and developments that have an impact on living in San Carlos, and a significant increase in multimedia content. Be sure to stay tuned in the coming weeks for some significant announcements, too…

I hope everyone has a safe and happy holiday season.  Here’s to a healthy and prosperous 2015!

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 12-27-2014:

San Carlos Housing Data 12-27-14 Prior Week
Closed Sales for the Week: 5 5
Average Sold Price: $1,611,420 $1,288,000
Average $/Sq Foot (Sold) $1,079 $1,009
Average Sold – Percentage Of List Price: 112% 120%
Average DOM of Closed Sales 15 11
No. of Homes Pending Sale: 17 18
No. of Active Listings: 4 4
Average Price of Active Listings: $1,377,500 $1,344,250
Average DOM of Active Listings: 24 19
Average $/Sq Foot (List) $752 $722
Active-Pending Ratio: 0.24 : 1 0.33: 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 San Carlos Real Estate Week in Review: 12-13-14.

Holiday Calendar

As we enter the final weeks of the year, the pace of activity is starting to slow down.  This is to be expected, since December and January are perennially two of the slower months in the real estate year.   Last week, “2” seemed to be the magic number — two new listings, two pending sales, and two closed escrows.

I would expect more of the same this week as we start the final “full” week of 2014.   Most people who are considering selling their homes will likely wait until after the first of the year to avoid competing with the holiday season. This is a big reason why our inventory is where it’s at  —  a combined total of 5 homes, townhomes, and condos available in the entire city!  I can’t remember a time when inventory was that low.

But rest assured, that will change in the new year…

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 12-13-2014:

San Carlos Housing Data 12-13-14 Prior Week
Closed Sales for the Week: 2 5
Average Sold Price: $1,288,000 $1,255,100
Average $/Sq Foot (Sold) $1,009 $798
Average Sold – Percentage Of List Price: 120% 114%
Average DOM of Closed Sales 11 17
No. of Homes Pending Sale: 18 18
No. of Active Listings: 4 6
Average Price of Active Listings: $1,344,250 $1,467,798
Average DOM of Active Listings: 19 35
Average $/Sq Foot (List) $777 $722
Active-Pending Ratio: 0.21 : 1 0.33: 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 San Carlos Real Estate Week in Review: 12-6-14.

Calendar

We are moving into the second week of December, and the San Carlos market is showing quite a bit of resiliency to the normal holiday slow-down. Three listings braved the calendar (and the elements) and made their market debut this past week — and why not?  Even with the addition of these three homes, there are still only 6 homes for sale in the entire city! If competition is what you want to avoid as a seller, you can hardly ask for a better climate than what you have right now. There are still plenty of buyers out looking for a home, too, as open houses were reportedly well-attended over this past weekend.

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 12-6-2014:

San Carlos Housing Data 12-6-14 Prior Week
Closed Sales for the Week: 5 2
Average Sold Price: $1,255,100 $1,342,500
Average $/Sq Foot (Sold) $798 $675
Average Sold – Percentage Of List Price: 114% 120%
Average DOM of Closed Sales 17 11
No. of Homes Pending Sale: 18 20
No. of Active Listings: 6 6
Average Price of Active Listings: $1,467,798 $1,347,650
Average DOM of Active Listings: 35 25
Average $/Sq Foot (List) $722 $814
Active-Pending Ratio: 0.33 : 1 0.3: 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 San Carlos Real Estate Week in Review: 11-29-14.

December Calendar

It’s kind of ironic that today is Cyber Monday, because there’s virtually nothing for sale in the San Carlos real estate market.  As of this morning, there are only 6 single-family homes for sale in the entire city, which is spot on to what I predicted last week. It’s even worse in the condo/townhouse market — there’s only one of them for sale right now. December is not typically a month that sees lots of new listings, so you can expect that inventory is going to stay in the tank until after the first of the year.

On the topic of new listings, it certainly appears now that 2014 will finish with the lowest level of new single-family home listings to hit the market in the past 10 years — unless a flurry of new listings were to hit in the next 31 days. I will post all of the relevant statistics in the annual year-end wrap-up, but that’s a significant trend that most certainly had an influence on the direction that housing prices headed in San Carlos in 2014…which, to nobody’s surprise, will likely be the highest level on record.

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 11-29-2014:

San Carlos Housing Data 11-29-14 Prior Week
Closed Sales for the Week: 2 8
Average Sold Price: $1,342,500 $1,139,750
Average $/Sq Foot (Sold) $675 $907
Average Sold – Percentage Of List Price: 120% 104%
Average DOM of Closed Sales 11 20
No. of Homes Pending Sale: 20 16
No. of Active Listings: 6 18
Average Price of Active Listings: $1,347,650 $1,244,799
Average DOM of Active Listings: 25 36
Average $/Sq Foot (List) $814 $707
Active-Pending Ratio: 0.3 : 1 1.1: 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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