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The San Carlos Real Estate Week in Review: 1-21-12.

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San Carlos Real Estate Summary.

Buyers continued to wait patiently this past week for more homes to hit the market.  But with only three new listings to consider, and six homes getting into contract, the inventory of single-family homes for sale in San Carlos once again dropped below the 30 mark.  This inventory level is very typical for January, but such a strong pent-up demand this early in the year is anything but typical.   This bodes well for a healthy spring market… when it eventually gets here.

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 1-21-2012:

San Carlos Housing Data 1-21-12 Prior Week
Inventory of Active Listings:
29 31 (-6.5%)
Average Price of Active Listings: $951,909 $947,718 (+0.4%)
Average DOM of Active Listings: 122 122
Homes Pending Sale: 27 25 (+8%)
Active-Pending Ratio:
1.1 : 1 1.2 : 1
Closed Sales for the Week:
4 5
Average Sold Price
$861,750 $909,753
Sold Price vs Orig List (%) 102% 91%
Average DOM of Closed Sales 28 49

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The San Carlos Real Estate Week in Review: 1-14-12.

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San Carlos Real Estate Summary.

Activity picked up quite nicely for only the second week of January.  5 new listings helped inject a little bit of fresh air into the inventory of homes for sale.   But even with those new additions, there are still only 31 homes for sale in all of San Carlos.  Buyers will need to continue to be patient as the spring market approaches.

I tweaked the format of this report again and integrated both data tables into the single one that you see below.  Hopefully this cleans up the format a little bit, and improves the readability of the weekly report.

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 1-14-2012:

San Carlos Housing Data 1-14-12 Prior Week
Inventory of Active Listings:
31 28 (+10.7%)
Average Price of Active Listings: $947,718 $1,040,502 (-8.9%)
Average DOM of Active Listings: 122 129
Homes Pending Sale: 25 29 (-13.8%)
Active-Pending Ratio:
1.2 : 1 0.97 : 1
Closed Sales for the Week:
5 4
Average Sold Price
$1,114,200 $909,753
Sold Price vs Orig List (%) 91% 99%
Average DOM of Closed Sales 49 41

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The San Carlos Real Estate Week in Review: 1-7-12.

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San Carlos Real Estate Summary.

Welcome to 2012, and the first Week in Review report for the new year!   New listings are the fuel for a robust real estate market, and unfortunately there were no new listings to report this week.   This isn’t unusual for this time of the year, since most sellers aren’t ready to list their homes until around February.  But any new listings that come on market in January will enjoy the luxury of virtually no competition.    The average days on market (DOM) for all of the homes currently for sale in San Carlos is a whopping 129 days (that’s over 4 months!), so buyers already know what’s out there and they’re ready to pounce on something new.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 1-7-2012:

Inventory 1-7-12 Prior Week
Active Listings 28 28 (0%)
Average Price of Active Listings $1,040,502 $987,792 (+5.3%)
Average DOM of Active Listings 129 118
No. of Homes Pending Sale 29 36 (-19%)
Active:Pending Ratio
0.97 : 1 0.8 : 1

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The San Carlos Real Estate Week in Review: 12-31-11.

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San Carlos Real Estate Summary.

Well, here’s the final Week in Review report for 2011.   As you’ll see in the 2011 Year in Review post next week, 2011 was definitely a rebound year for the San Carlos real estate market, and the positive momentum will likely carry over into 2012.   Looking ahead into the new year, I will continue to make changes to the format of this report to keep it fresh and ensure that the data that’s included in this report is the most relevant to the readers.

On that note, thank you for your continued reading of the White Oaks Blog, and I hope 2012 is the best year ever for you.  Happy New Year!

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 12-31-2011:

Inventory 12-31-11 Prior Week
Active Listings 30 28 (-7.1%)
Average Price of Active Listings $1,018,000 $987,792 (+3.1%)
Average DOM of Active Listings 116 118
No. of Homes Pending Sale 32 36
Active:Pending Ratio
0.9 : 1 0.8 : 1

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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: 12-24-11.

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San Carlos Real Estate Summary.

Holiday shopping in San Carlos wasn’t limited just to things that go under the tree.  Home shoppers in were quite busy in the week leading up to Christmas, as is evidenced by the 8 homes that went under contract!   That’s certainly not the norm for this time of year, but it speaks volumes of the pent up demand for homes in San Carlos.   And that demand will remain constant until inventory levels boost up in the new year.  This latest surge in buying served to drop the available list of homes in San Carlos down to 28...which means there are far more homes pending sale (36) than for sale (28) — that doesn’t happen very often!

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 12-24-2011:

Inventory 12-24-11 Prior Week
Active Listings 28 34 (-18%)
Average Price of Active Listings $987,792 $989,914 (-0.2%)
Average DOM of Active Listings 118 102
No. of Homes Pending Sale 36 29
Active:Pending Ratio
0.8 : 1 1.2 : 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: 12-17-11.

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San Carlos Real Estate Summary.

As I predicted last week, the number of listings in San Carlos did indeed drop —  to a low of 32.   It will likely fluctuate around the low 30’s until the market starts up again in the new year.  Buying activity was surprisingly strong, with 4 homes going into contract.  And some of the hotter fall issues closed escrow this past week.   The homes that sold at 112 Baytree Road, 131 Northam Avenue, and 387 Elm Street all fetched nice premiums over their listed prices.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 12-17-2011:

Inventory 12-17-11 Prior Week
Active Listings 34 35 (-2.9%)
Average Price of Active Listings $989,914 $965,630 (+2.5%)
Average DOM of Active Listings 102 85
No. of Homes Pending Sale 29 30
Active:Pending Ratio
1.2 : 1 1.2 : 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: 12-10-11.

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San Carlos Real Estate Summary.

It was downright quiet this past week in San Carlos, with not a single new listing to add to the already dwindling inventory.    Speaking of which, that particular list is now down to 35 homes in San Carlos, and will very likely drop before it starts to rise again in the new year.   We’ve seen inventory levels drop below the 30-mark at this time of the year, so it’s quite possible it may happen again this year.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 12-10-2011:

Inventory 12-10-11 Prior Week
Active Listings 35 41 (-6.3%)
Average Price of Active Listings $965,630 $984,892 (-2%)
Average DOM of Active Listings 85 90
No. of Homes Pending Sale 30 29 (+3.4%)
Active:Pending Ratio
1.2 : 1 1.4 : 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: 12-3-11.

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San Carlos Real Estate Summary.

We’re heading into the final weeks of 2011, and sales activity continues to chug along in San Carlos.  Four more homes went pending sale during the past week, and there were six new listings to enter the market — a surprisingly high number for early December.    Typically at this point in the year,  sellers will opt to test the market in early January as opposed to competing with the holiday season.   But sellers are reading the market correctly, and they’ve sensed that home buyers are continuing to search in earnest through the holidays.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 12-3-2011:

Inventory 12-3-11 Prior Week
Active Listings 41 41 (0%)
Average Price of Active Listings $984,892 $947,685 (+3.9%)
Average DOM of Active Listings 85 81
No. of Homes Pending Sale 29 31 (-6.5%)
Active:Pending Ratio
1.4 : 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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