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The San Carlos Real Estate Week in Review: 10-6-12.

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San Carlos Real Estate Summary.

We’re now now in the mid-stretch of the fall real estate market, and there are no signs that activity is abating.  There were 7 new listings this week that should garner quite a bit of attention with the San Carlos home buying contingent, and there will be a few more in the coming weeks that should be of great interest, too.  From all indications, we’re in for a busy winter season.   With rates staying at historic lows and buyers still outnumbering sellers by a crazy margin, it’s looking we’ll see a very active real estate market all the way through the end of the year.  This would be a big change from normal years, when the market essentially hibernates right after Thanksgiving weekend.

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 10-6-2012:

San Carlos Housing Data 10-6-12 Prior Week
Closed Sales for the Week:
4 6
Average Sold Price
$1,061,000 $946,548 (+12.1%)
Average $/Sq Foot (Sold)
$597 $628
Sold Price vs Orig List (%) 101% 103%
Average DOM of Closed Sales 41 14
No. of Homes Pending Sale: 30 32
Inventory of Active Listings:
31 28 (-%)
Average Price of Active Listings: $1,475,237 $1,564,710
Average DOM of Active Listings: 49 52
Average $/Sq Foot (List) $589 $591
Active-Pending Ratio:
1 : 1 0.9 : 1

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The San Carlos Real Estate Week in Review: 9-29-12.

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San Carlos Real Estate Summary.

One segment of the market that doesn’t get much airplay on this site is the condo/townhouse market.  It’s a smaller segment than the single-family home market in San Carlos, but no less important.  When the market tanked about 4 years ago, this market really took a beating — much more so than homes.  The rate of short sales and foreclosures was far higher than the rest of the market in San Carlos as investors and owners in this segment were wiped out by the steep drop in values.

But the condo/townhouse segment has made a nice, steady recovery over the past 12 months.  Prices have steadily climbed as buyers and investors swooped in to pick up some pretty good values.  Many of the foreclosures and short sales are now off the books, and this market is as hotly contested as the market for single family residences.  In fact, as of this post there are NO condos or townhomes for sale in the entire city of San Carlos!    So it shouldn’t be a surprise when you see the strong sales prices that are posted below for the most recent condo sales.

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 9-29-2012:

San Carlos Housing Data 9-29-12 Prior Week
Closed Sales for the Week:
6 2
Average Sold Price
$946,548 $661,250 (+43%)
Average $/Sq Foot (Sold)
$628 $642
Sold Price vs Orig List (%) 103% 105%
Average DOM of Closed Sales 14 8
No. of Homes Pending Sale: 32 31
Inventory of Active Listings:
28 31 (-9.7%)
Average Price of Active Listings: $1,564,710 $1,502,452
Average DOM of Active Listings: 52 52
Average $/Sq Foot (List) $591 $590
Active-Pending Ratio:
0.9 : 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.
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The San Carlos Real Estate Week in Review: 9-22-12.

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San Carlos Real Estate Summary.

The numbers were down a bit this week as you can see from the statistics below.  There were fewer new listings, pending sales, and closed escrows than what we’ve been seeing over the past few months.  But this is in stark contrast to the activity that’s still going on in the San Carlos real estate market.  Open houses were packed yesterday, and there are still hordes of buyers looking for that right place.  In a normal year, you probably wouldn’t put your home on the market for the first time in October and definitely not in November — but this year, that wouldn’t matter.  The way things are going with demand vs inventory, you could list the home on December 24th, and it would still get the same traffic as it would 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 9-22-2012:

San Carlos Housing Data 9-22-12 Prior Week
Closed Sales for the Week:
2 6
Average Sold Price
$661,250 $1,101,667 (-40%)
Average $/Sq Foot (Sold)
$642 $641
Sold Price vs Orig List (%) 105% 102%
Average DOM of Closed Sales 8 23
No. of Homes Pending Sale: 31 28
Inventory of Active Listings:
31 31 (0%)
Average Price of Active Listings: $1,502,452 $1,530,062
Average DOM of Active Listings: 52 48
Average $/Sq Foot (List) $590 $581
Active-Pending Ratio:
1 : 1 1.1 : 1

>>> Click Here to Read the Full Post
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The San Carlos Real Estate Week in Review: 9-15-12.

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San Carlos Real Estate Summary.

Buyers got some very welcome news this week with an announcement from the Federal Reserve that they will be taking aggressive measures to stimulate the economic growth in the country.   More details on this are forthcoming in a separate post, but suffice it to say that this action will ensure that interest rates are at very attractive levels for a long time.     The housing market in San Carlos seems oblivious to whatever else is happening in the rest of the country.    Great houses on great streets still command hot bidding wars and multiple offers, as was evidenced at 2084 Alma Street this week.    And no matter how many listings get pushed onto the market, the inventory never seems to climb above the low-30 mark.

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 9-15-2012:

San Carlos Housing Data 9-15-12 Prior Week
Closed Sales for the Week:
6 8
Average Sold Price
$1,101,667 $915,875 (+20%)
Average $/Sq Foot (Sold)
$641 $614
Sold Price vs Orig List (%) 102% 101%
Average DOM of Closed Sales 23 21
No. of Homes Pending Sale: 29 28
Inventory of Active Listings:
31 27 (+15%)
Average Price of Active Listings: $1,530,062 $1,462,387
Average DOM of Active Listings: 48 61
Average $/Sq Foot (List) $581 $578
Active-Pending Ratio:
1.1 : 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.
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The San Carlos Real Estate Week in Review: 9-8-12.

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San Carlos Real Estate Summary.

As expected, buying activity continued at a brisk pace this past week, with 9 homes ultimately finding new owners.    Now that summer is just about over, buyers are back on task and out looking in full force.  The foot traffic at open houses definitely picked up this week, and it’s expected to remain that way throughout the fall — provided there’s enough inventory to give people things to look at.  On that note, only 4 listings made their debut last week which wasn’t enough to push the inventory back above 30 again.   This, combined with the number of multiple offers that still appear to be happening, has made this year a very frustrating one for many home buyers in San Carlos.  Patience and persistence are two qualities that are going to be essential in the coming months…

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 9-8-2012:

San Carlos Housing Data 9-8-12 Prior Week
Closed Sales for the Week:
8 10
Average Sold Price
$915,875 $1,373,200 (-33%)
Average $/Sq Foot (Sold)
$614 $562
Sold Price vs Orig List (%) 101% 100%
Average DOM of Closed Sales 21 19
No. of Homes Pending Sale: 28 27
Inventory of Active Listings:
27 34 (-21%)
Average Price of Active Listings: $1,462,387 $1,334,976
Average DOM of Active Listings: 61 50
Average $/Sq Foot (List) $578 $587
Active-Pending Ratio:
1 : 1 1.3 : 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: 9-1-12.

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San Carlos Real Estate Summary.

It was a BIG first week for the fall real estate market in San Carlos in several respects.   First, there was a much-needed surge in inventory with 9 new homes being added to the list, and there looks to be more on the way in the coming weeks.   And two of the three highest priced listings in San Carlos went into contract in the same week:  5 Coronado Avenue ($5.2M) and 109 Kings Court ($2.7M) are now both pending sale.    And finally, 2826 Brittan Avenue posted its closed sale number of $2.3M.

All of that made for an uncharacteristically busy week in the upper price range for San Carlos, and it sets the stage for a strong last 1/3 of year in the San Carlos real estate 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 9-1-2012:

San Carlos Housing Data 9-1-12 Prior Week
Closed Sales for the Week:
10 8
Average Sold Price
$1,373,200 $1,209,750 (+14%)
Average $/Sq Foot (Sold)
$562 $589
Sold Price vs Orig List (%) 100% 101%
Average DOM of Closed Sales 19 22
No. of Homes Pending Sale: 27 33
Inventory of Active Listings:
34 28 (+21%)
Average Price of Active Listings: $1,334,976 $1,433,270
Average DOM of Active Listings: 50 55
Average $/Sq Foot (List) $587 $597
Active-Pending Ratio:
1.3 : 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.
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: 8-25-12.

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San Carlos Real Estate Summary.

Summer vacation “officially” ended this week for many, as all of the local public schools will be back in session tomorrow.  That means the fall real estate season will be in full swing starting this week.  This is always an interesting phenomenon, because everything that happens in the fall market is in such a compressed time-frame.  Unlike the spring market, which lasts 4-5 months (depending on what month you consider the start to be), the fall market only lasts about 2.5 months — basically until the Thanksgiving weekend. But this year, buyer demand is so high that it’s conceivable that the market will steam right through the holidays.

Generally speaking, in order to get their homes sold in the fall, sellers are wise to get their home on the market by the second week of September for maximum visibility.  For buyers, these next three weeks will tell you whether you’ll have more to choose from in the remaining months of the year, or if pickings will continue to be slim.

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 8-25-2012:

San Carlos Housing Data 8-25-12 Prior Week
Closed Sales for the Week:
8 4
Average Sold Price
$1,209,750 $1,248,750 (-3%)
Average $/Sq Foot (Sold)
$589 $591
Sold Price vs Orig List (%) 101% 100%
Average DOM of Closed Sales 22 40
No. of Homes Pending Sale: 33 37
Inventory of Active Listings:
28 26 (-7%)
Average Price of Active Listings: $1,433,270 $1,398,852
Average DOM of Active Listings: 55 54
Average $/Sq Foot (List) $587 $598
Active-Pending Ratio:
0.8 : 1 0.7 : 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: 8-18-12.

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San Carlos Real Estate Summary.

Just when it seemed like the inventory of homes for sale in San Carlos would remain above 30 for awhile, it quietly dropped about 16% this past week leaving only 26 homes for sale in the entire city.  It’s not out of the normal for inventory to drop in August — it’s just not normal for the number to be this low.  The listing activity during these next critical two weeks leading up to Labor Day weekend will tell you a whole lot about what to expect from the market this fall.   If we get the customary surge in listings, then it will be a very robust 2.5 month fall season.  If inventory stays lean, it’s going to be more tough sledding for buyers.  Stay tuned…

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 8-18-2012:

San Carlos Housing Data 8-18-12 Prior Week
Closed Sales for the Week:
4 2
Average Sold Price
$1,248,750 $1,403,512 (-11%)
Average $/Sq Foot (Sold)
$591 $710
Sold Price vs Orig List (%) 100% 109%
Average DOM of Closed Sales 40 10
No. of Homes Pending Sale: 37 34
Inventory of Active Listings:
26 31 (-16%)
Average Price of Active Listings: $1,398,852 $1,307,874
Average DOM of Active Listings: 54 49
Average $/Sq Foot (List) $598 $570
Active-Pending Ratio:
0.7 : 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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