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The San Carlos Real Estate Week in Review: 6-30-12.

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San Carlos Real Estate Summary.

It’s hard to believe, but the first half of 2012 is now officially behind us.  It has been a year that nobody in this industry could have predicted, and we’re still only halfway through it.  What were the first-half numbers like?  What’s in store for the second half?  We’ll dive into those numbers in a little more detail later this week, but for now suffice it to say that the first half finished the way it started – strong.   And there’s no indication that it’s going to change much in the second half.

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 6-30-2012:

San Carlos Housing Data 6-30-12 Prior Week
Closed Sales for the Week:
10 6
Average Sold Price
$1,134,800 $1,070,000 (+6.1%)
Average $/Sq Foot (Sold)
$601 $617
Sold Price vs Orig List (%) 102% 103%
Average DOM of Closed Sales 39 12
No. of Homes Pending Sale: 35 36
Inventory of Active Listings:
28 36 (-22%)
Average Price of Active Listings: $1,326,375 $1,299,849
Average DOM of Active Listings: 37 32
Average $/Sq Foot (List) $577 $572
Active-Pending Ratio:
0.8 : 1 1 : 1

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The San Carlos Real Estate Week in Review: 6-23-12.

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San Carlos Real Estate Summary.

A milestone was reached this week — for the first time in several months, there were as many homes listed on the market as there were pending sale.   If you’ve watched the stats in the table below, you now for much of the year that ratio has been below 1.0, which is uncommon in any market for such an extended period of time.  But this week, we finished up with 36 homes for sale and 36 homes pending sale.  This is a small step in the right direction toward a more balanced real estate market.   Perhaps over the summer months the inventory will continue to slowly build back to a normal level…  We’ll see.

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 6-23-2012:

San Carlos Housing Data 6-23-12 Prior Week
Closed Sales for the Week:
6 9
Average Sold Price
$1,070,000 $1,267,576 (-15.6%)
Average $/Sq Foot (Sold)
$617 $554
Sold Price vs Orig List (%) 103% 104%
Average DOM of Closed Sales 12 16
No. of Homes Pending Sale: 36 36
Inventory of Active Listings:
36 31 (+16%)
Average Price of Active Listings: $1,299,849 $1,464,234
Average DOM of Active Listings: 32 37
Average $/Sq Foot (List) $572 $583
Active-Pending Ratio:
1 : 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: 6-16-12.

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San Carlos Real Estate Summary.

The $2M street: Saint Francis Way in White Oaks had the distinction this week of having not only one, but two homes sell for over $2M.   Despite the red hot demand, it’s not very often that we see $2M sales in White Oaks – the last time it happened was when 2033 White Oak Way sold for $2,005,000 back in May of 2010.   But this week both 2054 Saint Francis and 1528 Saint Francis closed the same week above $2M — see the table below for all of the details.   This is a resounding statement to the desirability of San Carlos as much as it a testament to the buying power that’s being wielded in this market right now.   As more of the older homes in White Oaks get the type of makeover that these two did, you can probably expect to see more sales in this range down the road.

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 6-16-2012:

San Carlos Housing Data 6-16-12 Prior Week
Closed Sales for the Week:
9 8
Average Sold Price
$1,267,576 $1,034,494 (+23%)
Average $/Sq Foot (Sold)
$554 $570
Sold Price vs Orig List (%) 104% 105%
Average DOM of Closed Sales 16 9
No. of Homes Pending Sale: 36 39
Inventory of Active Listings:
31 31 (+0%)
Average Price of Active Listings: $1,464,234 $1,312,782 (+11.5%)
Average DOM of Active Listings: 37 32
Average $/Sq Foot (List) $583 $579
Active-Pending Ratio:
0.9 : 1 0.8 : 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: 6-9-12.

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San Carlos Real Estate Summary.

If you want to capture the essence of the spring real estate market in San Carlos, just look at this week’s  “Single Family Homes Sold in San Carlos” below:  Of the 8 closed escrows, 7 of them closed above their list price, and it took only took an average of 9 days for these homes to sell.   That’s the definition of a competitive housing market.      But these were homes that went into contract about a month ago — what’s happening with the market now?  Stay tuned this week to the site — the answer may surprise you.

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 6-9-2012:

San Carlos Housing Data 6-9-12 Prior Week
Closed Sales for the Week:
8 5
Average Sold Price
$1,034,494 $1,159,122 (-11%)
Average $/Sq Foot (Sold)
$570 $515
Sold Price vs Orig List (%) 105% 101%
Average DOM of Closed Sales 9 31
No. of Homes Pending Sale: 39 45
Inventory of Active Listings:
31 27 (+15%)
Average Price of Active Listings: $1,312,782 $1,396,187 (-6%)
Average DOM of Active Listings: 32 25
Average $/Sq Foot (List) 579 567
Active-Pending Ratio:
0.8 : 1 0.6 : 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: 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

>>> 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: 5-26-12.

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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
_____________________________________________________________________________

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: 5-19-12.

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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.
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: 5-12-12.

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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
_____________________________________________________________________________

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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