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The San Carlos Real Estate Week in Review: 2-2-13.

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San Carlos Real Estate Summary.

There are many who believe that the spring real estate market doesn’t truly get underway until the Super Bowl is done.    If that’s the case, then bring on the market  (much to the chagrin of the 49ers).    In reality, the market isn’t waiting for anyone.   There were four nice listings to make their debut last week (see below) and there will be a couple of really good ones to appear this week – stay tuned to the blog for more details.    But with activity being brisk as expected, and 5 homes going into contract,  the active inventory still sits at a paltry 14 listings for sale.   Buyers are going to have to wait another week to see if we’ll get enough new listings to help ease the intense buying competition in San Carlos.

Here are the numbers from last 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 2-2-2013:

San Carlos Housing Data 2-2-13 Prior Week
Closed Sales for the Week:
1 3
Average Sold Price
$1,622,000 $1,087,677 (+49%)
Average $/Sq Foot (Sold)
$605 $513
Sold Price vs Orig List (%) 90% 106%
Average DOM of Closed Sales 183 26
No. of Homes Pending Sale: 12 12
Inventory of Active Listings:
14 14 (+0%)
Average Price of Active Listings: $1,406,349 $1,479,278
Average DOM of Active Listings: 46 95
Average $/Sq Foot (List) $574 $581
Active-Pending Ratio:
1.2 : 1 1.2 : 1

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The San Carlos Real Estate Week in Review: 1-26-13.

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San Carlos Real Estate Summary.

The activity is definitely starting to pick up in San Carlos as we head into the early-spring market.  There were 4 new listings that made their debut last week, and 5 homes were snatched up by eager buyers — 4 of the 5 had been on the market for less than two weeks, so buyers are definitely on task and moving decisively.

It’s interesting that of the 14 or so homes that are available for sale in San Carlos, not one of them is the bread-and-butter 3BR/2BA configuration that so many buyers are looking for.   But that will start to change over the next couple of weeks as there are a handful of really nice 3/2’s that will be hitting the market.     Stay tuned!

Here are the numbers from last 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 1-26-2013:

San Carlos Housing Data 1-26-13 Prior Week
Closed Sales for the Week:
3 6
Average Sold Price
$1,087,677 $1,243,321 (-12.5%)
Average $/Sq Foot (Sold)
$513 $516
Sold Price vs Orig List (%) 106% 92%
Average DOM of Closed Sales 26 50
No. of Homes Pending Sale: 12 8
Inventory of Active Listings:
14 18 (+13%)
Average Price of Active Listings: $1,479,278 $1,471,944
Average DOM of Active Listings: 95 81
Average $/Sq Foot (List) $581 $587
Active-Pending Ratio:
1.2 : 1 2.3 : 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.
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The San Carlos Real Estate Week in Review: 1-19-13.

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San Carlos Real Estate Summary.

The inventory of homes for sale in San Carlos inched upward slightly this past week with a handful of listings hitting the market.    The active-to-pending ratio rose above 1 for the first time in many months, as a bunch of the pending sales cleared from the books.  The current ratio of 2 is much healthier for the market than where it has been in the past, but with inventory still sitting below 20 there’s a dire need for more inventory for buyers to choose from.

The good news is that more will be coming online in the upcoming weeks.

Here are the numbers from last 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 1-19-2013:

San Carlos Housing Data 1-19-13 Prior Week
Closed Sales for the Week:
 6 0
Average Sold Price
$1,243,321 $0 (+%)
Average $/Sq Foot (Sold)
$516 $0
Sold Price vs Orig List (%) 92% 0%
Average DOM of Closed Sales 50 0
No. of Homes Pending Sale: 8 13
Inventory of Active Listings:
18 16 (+13%)
Average Price of Active Listings: $1,471,944 $1,535,684
Average DOM of Active Listings: 81 86
Average $/Sq Foot (List) $587 $563
Active-Pending Ratio:
2.3 : 1 0.81 : 1

>>> Click Here to Read the Full Post
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The San Carlos Real Estate Week in Review: 1-12-13.

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San Carlos Real Estate Summary.

This past week yielded some encouraging news for San Carlos buyers — 7 new listings hit the market, which is a good start to the early-spring buying season.  Hopefully, more listings will follow in the coming weeks to help alleviate some of the pent-up demand and restore some balance and sanity into the market.  Until that happens, I think you’re going to see some instances of some pretty crazy bidding like we did this past week.

Here are the numbers from last 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 1-12-2013:

San Carlos Housing Data 1-12-13 Prior Week
Closed Sales for the Week:
0 7
Average Sold Price
$0 $1,485,841 (+%)
Average $/Sq Foot (Sold)
$0 $542
Sold Price vs Orig List (%) 0% 89%
Average DOM of Closed Sales 0 46
No. of Homes Pending Sale: 13 11
Inventory of Active Listings:
16 11 (+45%)
Average Price of Active Listings: $1,535,684 $1,699,100
Average DOM of Active Listings: 86 123
Average $/Sq Foot (List) $563 $554
Active-Pending Ratio:
0.81 : 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.
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The San Carlos Real Estate Week in Review: 1-5-13.

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San Carlos Real Estate Summary.

2013 is officially here, and it appears to be off to an active start.   There are quite a few closed sales in the report below, but most of them came in under the wire in 2012 just after the last weekly report was published.  Those will all be tabulated in the 2012 Year in Review post that will be on the site by tomorrow.

If you want an indication of how competitive the San Carlos real estate market is going to be in 2012, you only needed to stop by the open house at 868 Cordilleras Avenue this past weekend.   Parking was non-existent, and the open house was packed with wall-to-wall people the entire weekend.   That’s the benefit of being the only new listing in a severely unbalanced market.  If you’re indecisive about putting your home on the market in January, that should be all the guidance you need.

Here are the numbers from last 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 1-5-2013:

San Carlos Housing Data 1-5-13 Prior Week
Closed Sales for the Week:
7 0
Average Sold Price
$1,485,841 $0 (+%)
Average $/Sq Foot (Sold)
$542 $0
Sold Price vs Orig List (%) 89% 0%
Average DOM of Closed Sales 46 NA
No. of Homes Pending Sale: 11 16
Inventory of Active Listings:
11 12 (-8.3%)
Average Price of Active Listings: $1,699,100 $1,863,329
Average DOM of Active Listings: 123 119
Average $/Sq Foot (List) $554 $549
Active-Pending Ratio:
1 : 1 0.75 : 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: 12-29-12.

2013

San Carlos Real Estate Summary.

The final report of the new year is a pretty light one, as you might expect.  There was actually more activity in the townhouse and condo market last week than there was in the single-family residence market.   Looking ahead to 2013, one thing is for sure: We will be starting off a new year with an unprecedented low inventory level.   2013 will start with only 12 single-family residences and 2 condo/townhouses to choose from in all of San Carlos.   That’s going to make a tough start for buyers in the new year, but those sellers who are wise enough to put their house on the market in the first two months of the new year should do very well.   The first two months of the year should be very interesting.

This is the final post of 2012 on the White Oaks Blog, and I’d like to take this opportunity to wish everyone a Happy New Year.  I sincerely appreciate the loyal and growing readership of this site, and I’m honored to be your go-to source for San Carlos real estate news.  I look forward to seeing everyone around town in the new year.

Here are the numbers from last 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 12-29-2012:

San Carlos Housing Data 12-29-12 Prior Week
Closed Sales for the Week:
0 3
Average Sold Price
$0 $1,381,667 (+%)
Average $/Sq Foot (Sold)
$0 $569
Sold Price vs Orig List (%) 0% 104%
Average DOM of Closed Sales NA 9
No. of Homes Pending Sale: 16 15
Inventory of Active Listings:
12 14 (-14%)
Average Price of Active Listings: $1,863,329 $1,750,211
Average DOM of Active Listings: 119 99
Average $/Sq Foot (List) $549 $539
Active-Pending Ratio:
0.75 : 1 0.93 : 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: 12-22-12.

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San Carlos Real Estate Summary.

As the year winds down to a close, so does the real estate activity in San Carlos.  There were only a few sales to mention for both single family residences and condos this week.  And with only 14 homes to choose from that have an average DOM of nearly 100 days, it’s not likely that much will go into contract this next week.

But looking ahead to the coming week, there should be a decent number of closings to report, since sellers will be extra motivated to complete their respective transactions before the new tax laws start in 2013.    And of course, there’s always the looming fiscal cliff resolution (or non-resolution.)

Happy Holidays to everyone from the White Oaks Blog!  Here are the numbers from last 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 12-22-2012:

San Carlos Housing Data 12-22-12 Prior Week
Closed Sales for the Week:
3 7
Average Sold Price
$1,381,667 $1,134,375 (+22%)
Average $/Sq Foot (Sold)
$569 $600
Sold Price vs Orig List (%) 104% 102%
Average DOM of Closed Sales 9 16
No. of Homes Pending Sale: 15 17
Inventory of Active Listings:
14 14 (0%)
Average Price of Active Listings: $1,750,211 $1,757,354
Average DOM of Active Listings: 99 93
Average $/Sq Foot (List) $539 $542
Active-Pending Ratio:
0.93 : 1 0.82 : 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: 12-15-12.

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San Carlos Real Estate Summary.

As predicted, the inventory of homes for sale continued to drop this week, and now sits at 14 homes for sale in all of San Carlos.  Of these 14 homes, 4 of them are spec homes or remodels that are in process, so the net effective inventory is really 10.   Ouch.  By comparison, there are only 11 homes for sale in Belmont, so it’s clearly an issue that spans outside of San Carlos.    Sellers who have their homes ready to sell are likely waiting until after the New Year to put their homes on the market.  Let’s just hope there are lots of them waiting to go.

Here are the numbers from last 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 12-15-2012:

San Carlos Housing Data 12-15-12 Prior Week
Closed Sales for the Week:
7 4
Average Sold Price
$1,134,375 $879,000 (+29%)
Average $/Sq Foot (Sold)
$600 $670
Sold Price vs Orig List (%) 102% 101%
Average DOM of Closed Sales 16 76
No. of Homes Pending Sale: 17 22
Inventory of Active Listings:
14 16 (-13%)
Average Price of Active Listings: $1,757,354 $1,778,875
Average DOM of Active Listings: 93 94
Average $/Sq Foot (List) $542 $568
Active-Pending Ratio:
0.82 : 1 0.73 : 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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