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The San Carlos Real Estate Week in Review: 12-8-12.

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San Carlos Real Estate Summary.

This week you could really feel the year starting to wind down.   Activity dwindled, and between the few homes that sold this week and the others that were taken off the market for the holidays, the inventory of homes for sale was pushed down to 16 — I can’t remember when I’ve seen it that low.  And it will likely drop below this mark as additional homes are pulled from the market for the holidays.  It’s evident now that most buyers are simply going to have sit on the sidelines until the Spring market to get a new influx of homes to choose from.

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 12-8-2012:

San Carlos Housing Data 12-8-12 Prior Week
Closed Sales for the Week:
4 13
Average Sold Price
$879,000 $1,148,538 (-23%)
Average $/Sq Foot (Sold)
$670 $597
Sold Price vs Orig List (%) 101% 95%
Average DOM of Closed Sales 76 30
No. of Homes Pending Sale: 22 22
Inventory of Active Listings:
16 22 (-27%)
Average Price of Active Listings: $1,778,875 $1,611,636
Average DOM of Active Listings: 94 68
Average $/Sq Foot (List) $568 $551
Active-Pending Ratio:
0.73 : 1 1 : 1

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The San Carlos Real Estate Week in Review: 12-1-12.

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San Carlos Real Estate Summary.

The result of the fall market push was evident last week with 13 homes closing escrow.   This is a bit higher than normal for a typical week, but demonstrates the continued strength of the San Carlos real estate market as we head into the winter months.    Another nice surprise this past week was the introduction of 7 new listings — again, a bit of rarity for the last week of November.  But sellers are starting to understand that there’s really no bad week to list their home in this current market climate, whether it’s in the month of December, or just after the beginning of the new year.  Either way, buyers are still going to beat a path to the door.

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 12-1-2012:

San Carlos Housing Data 12-1-12 Prior Week
Closed Sales for the Week:
13 5
Average Sold Price
$1,148,538 $1,127,400 (+1.9%)
Average $/Sq Foot (Sold)
$597 $608
Sold Price vs Orig List (%) 95% 103%
Average DOM of Closed Sales 30 101
No. of Homes Pending Sale: 22 28
Inventory of Active Listings:
22 20 (+10%)
Average Price of Active Listings: $1,611,636 $1,698,875
Average DOM of Active Listings: 68 83
Average $/Sq Foot (List) $551 $565
Active-Pending Ratio:
1 : 1 0.71 : 1

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The San Carlos Real Estate Week in Review: 11-24-12.

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San Carlos Real Estate Summary.

The shortened holiday week kept the real estate activity in San Carlos relatively quiet.   Two homes went pending during the week, and a single new listing came on the market.    There are now only 20 homes for sale in the entire city, and that number will likely drop in the coming weeks as a few homes go pending, and a few others that haven’t sold are taken off the market for the holidays.  This will make it even more challenging for buyers to find their place in San Carlos before the end of the year.    It bears repeating that sellers who plan to sell in early 2013 should definitely consider putting their home on the market now while there is virtually no competition.

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 11-24-2012:

San Carlos Housing Data 11-24-12 Prior Week
Closed Sales for the Week:
5 6
Average Sold Price
$1,127,400 $1,312,500 (-14.1%)
Average $/Sq Foot (Sold)
$518 $608
Sold Price vs Orig List (%) 103% 105%
Average DOM of Closed Sales 101 22
No. of Homes Pending Sale: 28 29
Inventory of Active Listings:
20 23 (-13%)
Average Price of Active Listings: $1,698,875 $1,647,109
Average DOM of Active Listings: 83 69
Average $/Sq Foot (List) $565 $556
Active-Pending Ratio:
0.71 : 1 0.79 : 1

>>> Click Here to Read the Full Post
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The San Carlos Real Estate Week in Review: 11-17-12.

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San Carlos Real Estate Summary.

If there was ever any doubt about the strength of the San Carlos real estate market, one would only have to take a peek at the Single-Family Homes Sold section of this post to extinguish that doubt.  Three of the homes that closed escrow this week fetched between 14%-26% above their asking prices.  Some may argue that this is simply a case of the houses being severely under-priced,  and I think that argument can be made for one of those three.   But one can’t discount the fact that two of the three homes fetched 11 and 21 offers, respectively!  There are still quite a few buyers out there working hard to find a home in San Carlos, even this late in the 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 11-17-2012:

San Carlos Housing Data 11-17-12 Prior Week
Closed Sales for the Week:
6 5
Average Sold Price
$1,312,500 $1,139,000 (+15%)
Average $/Sq Foot (Sold)
$608 $600
Sold Price vs Orig List (%) 105% 103%
Average DOM of Closed Sales 22 18
No. of Homes Pending Sale: 29 34
Inventory of Active Listings:
23 23 (0%)
Average Price of Active Listings: $1,647,109 $1,648,469
Average DOM of Active Listings: 69 62
Average $/Sq Foot (List) $556 $581
Active-Pending Ratio:
0.79 : 1 0.68 : 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: 11-10-12.

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San Carlos Real Estate Summary.

It was a pretty reasonable week in the world of San Carlos real estate, especially considering the season of the year and the time change.  Now that it’s completely dark by 5:30 in the evening, it’s very difficult to for most home buyers to view homes during the week unless they are able to sneak out during the day.  This, combined with the fact that Thanksgiving is less than two weeks away, will probably put a little damper on the market over the next few weeks.  But determined buyers will stay the course and will hopefully be rewarded for their perseverance, just as three other sets of buyers did this past week.

Here are the numbers for 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 11-10-2012:

San Carlos Housing Data 11-10-12 Prior Week
Closed Sales for the Week:
5 9
Average Sold Price
$1,139,000 $1,252,333 (-9%)
Average $/Sq Foot (Sold)
$600 $624
Sold Price vs Orig List (%) 103% 105%
Average DOM of Closed Sales 18 10
No. of Homes Pending Sale: 34 35
Inventory of Active Listings:
23 23 (0%)
Average Price of Active Listings: $1,648,469 $1,645,954
Average DOM of Active Listings: 62 57
Average $/Sq Foot (List) $581 $579
Active-Pending Ratio:
0.68 : 1 0.66 : 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: 11-3-12.

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San Carlos Real Estate Summary.

Just when we thought we might be seeing a hint of a fall slow down in the San Carlos real estate market, the buyers lit up the scoreboard once again with a very robust week.   8 homes went pending during the week, including a couple of old-timers (by San Carlos standards) that had been on the market for over 100 and 200 days, respectively.   This burst of buying drove the inventory of available homes down to as low as 21 at one point during the week. It is still sitting at a lean 23 at the time of this post.

Sales prices remained very strong too, posting an average of 105% of the list price for closed sales this week.

Here are the numbers for 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 11-3-2012:

San Carlos Housing Data 11-3-12 Prior Week
Closed Sales for the Week:
9 5
Average Sold Price
$1,251,333 $1,092,040 (+15%)
Average $/Sq Foot (Sold)
$614 $519
Sold Price vs Orig List (%) 105% 94%
Average DOM of Closed Sales 10 52
No. of Homes Pending Sale: 35 34
Inventory of Active Listings:
23 28 (-18%)
Average Price of Active Listings: $1,645,954 $1,531,212
Average DOM of Active Listings: 57 62
Average $/Sq Foot (List) $579 $574
Active-Pending Ratio:
0.66 : 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.
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: 10-27-12.

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San Carlos Real Estate Summary.

The final week of October is already upon us — it’s hard to fathom that the holidays are only about 8 weeks away.  Home sales remained steady this past week with 4 homes going into contract.  It was rumored that 3162 La Mesa Drive got nearly two dozen offers!  And 882 Hemlock Street, which will close escrow this week, actually sold with multiple offers before it ever hit the market.  So much for the market cooling off as we approach the end of the year.    If you are still hesitant about whether to list your home now, as opposed to waiting until next year, this should hopefully resolve any doubt about the strength of the market.

Here are the numbers for 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 10-27-2012:

San Carlos Housing Data 10-27-12 Prior Week
Closed Sales for the Week:
5 6
Average Sold Price
$1,092,040 $1,256,750 (-13%)
Average $/Sq Foot (Sold)
$519 $563
Sold Price vs Orig List (%) 94% 104%
Average DOM of Closed Sales 52 25
No. of Homes Pending Sale: 34 34
Inventory of Active Listings:
28 29 (-3.4%)
Average Price of Active Listings: $1,531,212 $1,406,602
Average DOM of Active Listings: 62 55
Average $/Sq Foot (List) $574 $579
Active-Pending Ratio:
0.82 : 1 0.85 : 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: 10-20-12.

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San Carlos Real Estate Summary.

It was a surprisingly good showing this past week for real estate in San Carlos.  There were 8 new listings that debuted during the week, and 8 homes that went pending (two of which listed and pended in the same week).    And prices have continued to stay strong throughout the fall, as exemplified by this week’s closing sales that were 104% of the respective list prices, on average.  It appears that market activity will remain strong throughout the fall season here in San Carlos.

Here are the numbers for 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 10-20-2012:

San Carlos Housing Data 10-20-12 Prior Week
Closed Sales for the Week:
6 4
Average Sold Price
$1,256,750 $1,028,750 (+22%)
Average $/Sq Foot (Sold)
$563 $546
Sold Price vs Orig List (%) 104% 99%
Average DOM of Closed Sales 25 40
No. of Homes Pending Sale: 34 30
Inventory of Active Listings:
29 29 (0%)
Average Price of Active Listings: $1,406,602 $1,534,167
Average DOM of Active Listings: 55 58
Average $/Sq Foot (List) $579 $580
Active-Pending Ratio:
0.85 : 1 0.97 : 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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