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The San Carlos Real Estate Week in Review: 6-2-12.

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San Carlos Real Estate Summary.

It was another solid showing in the market this past week.  11 homes went pending, quite a few of them with multiple offers.   Only 5 new listings made their debut, however, so the net result was a precipitous drop of nearly 21% in the number of homes for sale.   The topic of the week with everyone who is either buying or selling right now seems to be the direction of the Facebook stock price, which has been heading southward since the IPO.  That doesn’t appear to be slowing anything down in the market.

Here are the numbers for the 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 6-2-2012:

San Carlos Housing Data 6-2-12 Prior Week
Closed Sales for the Week:
5 9
Average Sold Price
$1,159,122 $1,127,132 (+2.8%)
Average $/Sq Foot (Sold)
$515 $582
Sold Price vs Orig List (%) 101% 101%
Average DOM of Closed Sales 31 21
No. of Homes Pending Sale: 45 41
Inventory of Active Listings:
27 34 (-21%)
Average Price of Active Listings: $1,396,187 $1,294,792 (+8%)
Average DOM of Active Listings: 25 20
Average $/Sq Foot (List) 567 566
Active-Pending Ratio:
0.6 : 1 0.83 : 1

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The San Carlos Real Estate Week in Review: 5-26-12.

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San Carlos Real Estate Summary.

The San Carlos real estate market continues to run unabated even as we wrap up the month of May.   Buyers are continuing to push the envelope as multiple offers are still the norm and not the exception.   Of the 9 homes that went pending this week, 7 of them had been on the market for only about 2 weeks or less — which is an undeniable statement about the strength of the market right now.   Even the closed sales reflect the sustained growth of the market, with 7 of the 9 sales closing at or above the asking price.

Here are the numbers for the 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 5-26-2012:

San Carlos Housing Data 5-26-12 Prior Week
Closed Sales for the Week:
9 4
Average Sold Price
$1,127,132 $1,060,650 (+6.3%)
Average $/Sq Foot (Sold)
$582 $582
Sold Price vs Orig List (%) 101% 108%
Average DOM of Closed Sales 21 48
No. of Homes Pending Sale: 41 40
Inventory of Active Listings:
34 37 (-8.1%)
Average Price of Active Listings: $1,294,792 $1,206,612 (+7.3%)
Average DOM of Active Listings: 20 20
Average $/Sq Foot (List) 566
Active-Pending Ratio:
0.83 : 1 0.9 : 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: 5-19-12.

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San Carlos Real Estate Summary.

This was a week that made buyers rejoice.  There were 16 new listings to hit the market and another couple of re-lists in what was the biggest single-week increase in inventory so far this year.   There are new options for just about every buyer, from 2-bedroom to 5-bedroom homes and prices ranging from $400,000 to $1.4M.   At the time of this post, there were 37 homes for sale in San Carlos — easily the highest inventory in months.     Here’s to hoping that this trend continues in the coming weeks.

Buying activity remained brisk, with 6 homes going into contract — all 6 the were only on the market for two weeks or less.   Things are still moving quickly, so be sure to get out and see the new inventory while it’s available.

Here are the numbers for the 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 5-19-2012:

San Carlos Housing Data 5-19-12 Prior Week
Closed Sales for the Week:
4 8
Average Sold Price
$1,060,650 $1,215,625 (-12%)
Average $/Sq Foot
$582 $523
Sold Price vs Orig List (%) 108% 101%
Average DOM of Closed Sales 48 22
No. of Homes Pending Sale: 40 39
Inventory of Active Listings:
37 26 (+30%)
Average Price of Active Listings: $1,206,612 $1,368,188 (-12%)
Average DOM of Active Listings: 20 26
Active-Pending Ratio:
0.9 : 1 0.67 : 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: 5-12-12.

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San Carlos Real Estate Summary.

New listings exceeded the number of pending sales this past week, resulting in a 24% uptick in the number of homes for sale in San Carlos.  But even with 26 homes currently for sale, that represents about half of what we would see in a normal year at this point in the spring market.   With the end of the school year just around the corner, it will be interesting to see what impact (if any) that will have on the temperature of the real estate market in San Carlos.

Here are the numbers for the 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 5-12-2012:

San Carlos Housing Data 5-12-12 Prior Week
Closed Sales for the Week:
8 10
Average Sold Price
$1,215,625 $1,069,360 (+13.7%)
Average $/Sq Foot
$523 $524
Sold Price vs Orig List (%) 101% 101%
Average DOM of Closed Sales 22 28
No. of Homes Pending Sale: 39 43
Inventory of Active Listings:
26 21 (+24%)
Average Price of Active Listings: $1,368,188 $1,458,326 (-6.2%)
Average DOM of Active Listings: 26 32
Active-Pending Ratio:
0.67 : 1 0.5 : 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: 5-5-12.

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San Carlos Real Estate Summary.

Pending sales dropped significantly this week, with only 4 homes going into contract.  This is most likely due to a lack of inventory to choose from, and not reflective of a lack of buyer interest.    Several of the listings that hit the market this week will be pending this coming week too, as buyer interest remains strong.  But to give you an idea of how lean the inventory is, there are currently only 2 homes for sale in all of the White Oaks, one in Oak Park, and zero in Howard Park.   So for home buyers looking for the flats or wanting to stay close to downtown,  there’s very little to choose from right now.

Here are the numbers for the 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 5-5-2012:

San Carlos Housing Data 5-5-12 Prior Week
Closed Sales for the Week:
10 11
Average Sold Price
$1,069,360 $758,091 (+42%)
Average $/Sq Foot
$524 $567
Sold Price vs Orig List (%) 101% 97%
Average DOM of Closed Sales 28 74
No. of Homes Pending Sale: 43 48
Inventory of Active Listings:
21 20 (+5%)
Average Price of Active Listings: $1,458,326 $1,492,284 (-2.3%)
Average DOM of Active Listings: 32 35
Active-Pending Ratio:
0.5 : 1 0.42 : 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: 4-28-12.

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San Carlos Real Estate Summary.

After a couple of weeks of steadily increasing inventory, the buyers kicked it into gear again this past week and cropped the available number of home for sale in San Carlos back down to 20, a decrease of 31% from where the week started.  Ouch.  It certainly didn’t help matters that there were only 3 new listings to choose from.   But for the time being, we’re back to a severely constrained market which is going to make it tough for buyers again.

Here are the numbers for the 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 4-28-2012:

San Carlos Housing Data 4-28-12 Prior Week
Closed Sales for the Week:
11 15
Average Sold Price
$758,091 $1,025,707 (-26%)
Average $/Sq Foot
$567 $535
Sold Price vs Orig List (%) 97% 99%
Average DOM of Closed Sales 74 21
No. of Homes Pending Sale: 48 46
Inventory of Active Listings:
20 29 (-31%)
Average Price of Active Listings: $1,492,284 $1,333,334 (+12%)
Average DOM of Active Listings: 35 24
Active-Pending Ratio:
0.42 : 1 0.68 : 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 San Carlos Real Estate Week in Review: 4-21-12.

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San Carlos Real Estate Summary.

Home buyers in San Carlos got a rare treat this past week — there were actually more new listings to hit the market than there were pending sales, by a margin of over 2:1.    That means the inventory got a badly needed boost (to the tune of +45%), and buyers now have more than a few options to look at this weekend.  While the inventory is still an an unseasonably low of 29, it’s a welcome relief from being stuck in the teens.  Let’s hope this trend continues in the coming weeks, because there are more than enough buyers to handle any surge in inventory right now.

Here are the numbers for the 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 4-21-2012:

San Carlos Housing Data 4-21-12 Prior Week
Closed Sales for the Week:
15 8
Average Sold Price
$1,025,707 $856,053 (+20%)
Average $/Sq Foot
$535 $582
Sold Price vs Orig List (%) 99% 98%
Average DOM of Closed Sales 21 104
No. of Homes Pending Sale: 46 58
Inventory of Active Listings:
29 20 (+45%)
Average Price of Active Listings: $1,333,334 $1,613,602 (-17.4%)
Average DOM of Active Listings: 24 26
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!
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The San Carlos Real Estate Week in Review: 4-14-12.

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San Carlos Real Estate Summary.

There’s an interesting nugget in this week’s data – of all the homes that closed escrow this past week, over half of them were below their original list price.    Looking at the days-on-market averages for that group, it’s apparent that buyers are circling back and looking at some of the homes that have been on the market for an extended period of time — something we discussed on the site a few weeks back.

But don’t let that suggest that the market is cooling down just yet in San Carlos.  Multiple offers and aggressive bidding are still the norm for the time being.   Here’s a look at this week’s numbers…

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 4-14-2012:

San Carlos Housing Data 4-14-12 Prior Week
Closed Sales for the Week:
8 3
Average Sold Price
$856,063 $649,667 (+32%)
Average $/Sq Foot
$582 $569
Sold Price vs Orig List (%) 98% 104%
Average DOM of Closed Sales 104 12
No. of Homes Pending Sale: 58 60
Inventory of Active Listings:
20 19 (+5%)
Average Price of Active Listings: $1,613,602 $1,673,657 (-4%)
Average DOM of Active Listings: 26 31
Active-Pending Ratio:
0.34 : 1 0.32 : 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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