free hit counter

Home » “The Week in Review” » Recent Articles:

The San Carlos Real Estate Week in Review: 9-14-13.

calendar2

Slowing Down?

One of the ways that you can use to gauge the heat of the real estate market is to look at the number of pending sales.  One might think that it would be to look at the sold homes, but the homes that are listed as “sold” below actually went pending 3-4 weeks ago, and just closed escrow this past week.   The number of pending sales gives you an idea of how many people are writing offers on homes, and by that measure it was a slow week in San Carlos.   Only 3 single-family residences went into contract, and not a single condo or townhome took an offer.

Is this a trend?  One week’s data does not make a trend — it just means it was a slow week.  But I am hearing the sentiment more and more often from buyers and agents that the market seems to be cooling down.  I’m not totally convinced of that yet — perhaps a few more weeks of consistent data like this will change my mind.

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 9-14-2013:

San Carlos Housing Data 9-14-13 Prior Week
Closed Sales for the Week:
5 3
Average Sold Price
$1,173,000 $1,115,000
Average $/Sq Foot (Sold)
$729 $759
Sold Price vs Orig List (%) 103% 112%
Average DOM of Closed Sales 21 12
No. of Homes Pending Sale: 30 32
Inventory of Active Listings:
23 22
Average Price of Active Listings: $1,445,210 $1,458,990
Average DOM of Active Listings: 37 31
Average $/Sq Foot (List) $605 $601
Active-Pending Ratio:
0.77 : 1 0.69 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 9-7-13.

calendar7

Watching the Calendar.

Now that we are past the Labor Day Weekend, some buyers are starting to nervously watch the calendar and wondering if they’re going to find their home before we settle in for the traditional slow-down after the Thanksgiving holiday.    The good news is that we still have a good solid 2-2.5 months of market time before we hit that point.  And from discussions that I have had with other Realtors, as well as other professionals who are typically involved in the preparation of a listing (inspectors, stagers, title reps), they are all extremely busy right now — which seems to indicate that we’re going to have a very robust inventory turn during this Fall market.   If the past few weeks are any indication, there should be plenty to see in the upcoming month.

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 9-7-2013:

San Carlos Housing Data 9-7-13 Prior Week
Closed Sales for the Week:
3 3
Average Sold Price
$1,155,000 $1,221,963
Average $/Sq Foot (Sold)
$759 $638
Sold Price vs Orig List (%) 112% 112%
Average DOM of Closed Sales 12 17
No. of Homes Pending Sale: 32 29
Inventory of Active Listings:
22 22
Average Price of Active Listings: $1,458,990 $1,466,586
Average DOM of Active Listings: 31 31
Average $/Sq Foot (List) $601 $639
Active-Pending Ratio:
0.69 : 1 0.76 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 8-31-13.

calendar3

The Fall Market is Here.

Bring on the Fall market in San Carlos!  The stats below capture the essence of the first week of a typical Fall market in San Carlos — LOTS of sales.  As I’ve stated before numerous times on the site, the kickoff of the Fall market coincides with the return to school for the majority of kids.   In years past, that used to be after Labor Day weekend, but every year it seems like that date keeps creeping forward (especially if you get a student’s opinion on that.)   Last week was the first week that pretty much all kids were back to school.  And the buying numbers reflected it.

13 homes were went into contract, making it one of the busier buying weeks so far this year.   But only 5 new listings hit the market, so the brief “glut” of inventory that we had is evaporating rapidly.   At the time of this post, we are back down to 22 homes for sale in the entire city.   And that number will likely drop this week before it rises again.

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 8-31-2013:

San Carlos Housing Data 8-31-13 Prior Week
Closed Sales for the Week:
3 7
Average Sold Price
$1,221,963 $1,100,143
Average $/Sq Foot (Sold)
$638 $808
Sold Price vs Orig List (%) 112% 112%
Average DOM of Closed Sales 17 11
No. of Homes Pending Sale: 29 18
Inventory of Active Listings:
22 31
Average Price of Active Listings: $1,466,586 $1,421,575
Average DOM of Active Listings: 31 29
Average $/Sq Foot (List) $639 $630
Active-Pending Ratio:
0.76 : 1 1.7 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 8-24-13.

calendar1

Affordable Options.

There are lots of interesting gems to be found in the numbers below which reflect last week’s real estate activity in San Carlos.  The first one to touch on is affordability.  There was a nice push of new listings again last week, which is keeping the inventory of new homes over the 30 mark.   But what was particularly interesting about last week was the affordability factor.  Of the 11 homes to debut on the market, 64% of them were under the $1M mark.  This will give first time buyers a level of choice that they haven’t had all year.

The other interesting number is the active/pending ratio.  This number has been mired at ridiculously low levels all year, well under the 1 mark.   But this past week, it surged to the highest point this year at 1.7.   This ratio is a good measure of buying vs listing activity, and looking at the numbers below for last week it shouldn’t be a surprise to see this number surge — 11 new listings compared to only 3 homes going into contract.   1.7 is not an abnormally high number, but it’s an indication that the pace of selling activity is slowing somewhat in San Carlos.

The third number that jumps out is $1,202.   That’s the price per square foot that the house on 1324 Oakhurst Avenue fetched when it closed escrow this week.  Shocking?  Not when you consider that the home sits on a nearly 10,000 sq foot flat lot on a fantastic San Carlos street.   This just drives home the point I made in this post about lot values in San Carlos — sometimes the dirt drives the value of the sale, and the structure is just an afterthought.  This sale was a perfect example of that scenario.

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 8-24-2013:

San Carlos Housing Data 8-24-13 Prior Week
Closed Sales for the Week:
7 5
Average Sold Price
$1,100,143 $1,278,857
Average $/Sq Foot (Sold)
$808 $709
Sold Price vs Orig List (%) 112% 108%
Average DOM of Closed Sales 11 12
No. of Homes Pending Sale: 18 21
Inventory of Active Listings:
31 25
Average Price of Active Listings: $1,421,575 $1,543,754
Average DOM of Active Listings: 29 35
Average $/Sq Foot (List) $630 $651
Active-Pending Ratio:
1.7 : 1 1.2 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 8-17-13.

calendar8

Building Inventory.

There’s a palpable sense that the Fall real estate market is right around the corner.   Most kids head back to school this coming week, and almost as if on cue, the listings are starting to appear.  Just since Thursday alone, eight new issues debuted on the market in San Carlos, and hopefully that trend will continue this coming week.  That last burst alone pushed the inventory back up to 25, after dropping below the perilous 20 mark yet again, and kept the active/pending ratio above the 1.0 mark — a place it has rarely been all year.

Some big news on the blog this week — if you happen to read the San Carlos Real Estate Week in Review series every week on your smart phone or tablet, then you already know that the format was “less-than-optimal” when you click on any of the address links in the report.  Well, that problem has now been solved.  Starting this week, the website that houses all of the listing data is now optimized for mobile devices, and automatically re-formats when it senses that you are viewing the post from a mobile device.   So give it a try — click on any of the addresses in the report below from your mobile device.  I think you’ll love the new look!

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 8-17-2013:

San Carlos Housing Data 8-17-13 Prior Week
Closed Sales for the Week:
5 10
Average Sold Price
$1,278,857 $1,370,300
Average $/Sq Foot (Sold)
$709 $657
Sold Price vs Orig List (%) 108% 100%
Average DOM of Closed Sales 12 14
No. of Homes Pending Sale: 21 20
Inventory of Active Listings:
25 24
Average Price of Active Listings: $1,543,754 $1,541,156
Average DOM of Active Listings: 35 37
Average $/Sq Foot (List) $651 $624
Active-Pending Ratio:
1.2 : 1 1.2 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 8-10-13.

calendar3

San Carlos Real Estate Summary.

This past week, I posted an article about how home prices are booming in the Clearfield Park section of San Carlos, and how one home recently broke the $900,000 mark for the first time in this region.  Well, that record was short lived as 1008 Springfield Drive closed this week for $1,022,000 — easily setting a new record for the region.

New listings were slow this week, as one might expect for mid-August.  Things should start to pick up in the next few weeks as the beginning of the Fall market approaches.

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 8-10-2013:

San Carlos Housing Data 8-10-13 Prior Week
Closed Sales for the Week:
10 5
Average Sold Price
$1,370,300 $1,260,000
Average $/Sq Foot (Sold)
$657 $750
Sold Price vs Orig List (%) 100% 115%
Average DOM of Closed Sales 14 11
No. of Homes Pending Sale: 20 27
Inventory of Active Listings:
24 27
Average Price of Active Listings: $1,541,156 $1,560,585
Average DOM of Active Listings: 37 36
Average $/Sq Foot (List) $624 $617
Active-Pending Ratio:
1.2 : 1 1.0 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 8-3-13.

calendar

San Carlos Real Estate Summary.

It still amazes me how much over the asking price buyers are willing to go for the right home.  This week captures what has been essentially happening most of the year — buyers are obliterating the asking prices of homes in competitive bids.   This week, 1039 Hewitt Drive blew the lid off its list price by over $305,000 after getting over a dozen offers.  And not to be overlooked, the buyers of 1719 White Oak Way paid a healthy $225,000 premium to make sure they go this house.  Overall, the homes that closed escrow this week fetched an average of 115% of the asking price.   That’s pretty amazing.

This just serves as a stark reminder to home buyers to bring their A-game to the table if they’re going to make San Carlos their next address, because the market is still incredibly strong.

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 8-3-2013:

San Carlos Housing Data 8-3-13 Prior Week
Closed Sales for the Week:
5 10
Average Sold Price
$1,260,000 $1,445,800
Average $/Sq Foot (Sold)
$750 $700
Sold Price vs Orig List (%) 115% 118%
Average DOM of Closed Sales 11 13
No. of Homes Pending Sale: 27 25
Inventory of Active Listings:
27 31
Average Price of Active Listings: $1,560,585 $1,417,251
Average DOM of Active Listings: 36 27
Average $/Sq Foot (List) $617 $617
Active-Pending Ratio:
1.0 : 1 1.2 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 7-27-13.

San Carlos Real Estate Summary.

Some very big numbers popped up in this week’s review.   The first is the number of active listings in San Carlos: 31.  This is the first time in many months that the number of homes has climbed above the 30 mark.   It may not stay there for very long, but it’s a welcome break for weary home buyers who have been battling over precious few listings.   This surge in new listings pushed the active/pending ratio above 1.0 for the first time in many months as well.

The third number that jumped out this week was the sold price/list price ratio of 118% , which was the highest recorded in the Week in Review so far this year.  This was driven primarily by the eye-popping 39% over the asking price that was paid for 275 Club Drive, and shows that there still is plenty of strength in this market.

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 7-27-2013:

San Carlos Housing Data 7-27-13 Prior Week
Closed Sales for the Week:
10 9
Average Sold Price
$1,445,800 $1,281,778
Average $/Sq Foot (Sold)
$700 $669
Sold Price vs Orig List (%) 118% 107%
Average DOM of Closed Sales 13 20
No. of Homes Pending Sale: 25 31
Inventory of Active Listings:
31 24
Average Price of Active Listings: $1,417,251 $1,439,283
Average DOM of Active Listings: 27 30
Average $/Sq Foot (List) $617 $617
Active-Pending Ratio:
1.2 : 1 0.77 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

Chuck’s Recent Sales

Put my experience to work for you!

I've helped over 50 families make their next move in the City of San Carlos, and many more in the surrounding communities. Click the link below to see a list of all the homes that I have helped my clients buy or sell!

Chuck's Sales Production

Subscribe to the Blog via Email

Enter your email address to subscribe to the White Oaks Blog, and receive notifications of new posts by email. No spam....ever. Promise.

San Carlos Home Search


Click the link below to see ALL of the homes that are currently for sale in San Carlos!

San Carlos Home Search

Open House: San Carlos


Click the Open House sign below to see ALL of the homes, townhomes, and condos that will be open in San Carlos this weekend!

San Carlos Open House

Testimonials

"He helped to make our first-time home-buying process as smooth as possible. For us, he was the perfect agent. He was well-informed, reliable, available, on-the-ball, friendly, pleasant and an all-around great guy."

Jason and Alisha D., Burlingame

San Carlos Weather

The White Oaks Blog on FaceBook.

What’s Your Home Worth?

Related posts: