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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

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The San Carlos Real Estate Week in Review: 8-11-12.

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San Carlos Real Estate Summary.

This week was punctuated by no fewer than 6 new listings in San Carlos — an abnormal occurrence for August in what has become an abnormal real estate year in just about every respect.  But buying activity remained brisk as at least 5 buyers stayed home from vacation and wrote offers on homes.   This balance is keeping season inventory low at about 31 active listings in the entire city, of which only about 25% are considered to be in the “flats” of San Carlos, which is why new listings such as 200 Edgehill Drive should garner lots of interest with buyers looking to live in the flats.

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 8-11-2012:

San Carlos Housing Data 8-11-12 Prior Week
Closed Sales for the Week:
2 6
Average Sold Price
$1,403,512 $1,103,333 (+29%)
Average $/Sq Foot (Sold)
$710 $550
Sold Price vs Orig List (%) 109% 97%
Average DOM of Closed Sales 10 30
No. of Homes Pending Sale: 34 32
Inventory of Active Listings:
31 31 (0%)
Average Price of Active Listings: $1,307,874 $1,355,671
Average DOM of Active Listings: 49 46
Average $/Sq Foot (List) $570 $562
Active-Pending Ratio:
0.9 : 1 1 : 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: 8-4-12.

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San Carlos Real Estate Summary.

The San Carlos real estate market continues to power right through the summer months.  It was  pretty solid showing for the middle of August, with 4 new listings and 4 homes going into contract.  2360 Howard Avenue actually made both of those lists, as it was snapped up before the first open house.  So there indeed in strength in the market over $1.5M too.

As we approach mid-August and precursor to Labor Day weekend, look for more listings to hit the market as smart sellers look to get a jump on the fall market.  This late-season surge used to take place after Labor Day weekend, but now that school starts for most kids in August, the start of the fall market happens a bit sooner.

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 8-4-2012:

San Carlos Housing Data 8-4-12 Prior Week
Closed Sales for the Week:
6 8
Average Sold Price
$1,103,333 $1,104,500 (-0.1%)
Average $/Sq Foot (Sold)
$550 $594
Sold Price vs Orig List (%) 97% 101%
Average DOM of Closed Sales 30 19
No. of Homes Pending Sale: 32 30
Inventory of Active Listings:
31 32 (-3.2%)
Average Price of Active Listings: $1,355,671 $1,337,101
Average DOM of Active Listings: 46 46
Average $/Sq Foot (List) $562 $581
Active-Pending Ratio:
1 : 1 1.1 : 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: 7-28-12.

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San Carlos Real Estate Summary.

For the first time in quite a few weeks, the number of active listings is slightly higher than the number of pending sales (32 vs 30.)  This is more in line with a balanced real estate market — a ratio of 2 to 3 is more what you’d expect to see in a normal year.  We’ve been below 1 for much of 2012, as you’ve probably noticed in the table below.

The summer effect was definitely felt last week, and we’re getting ready to enter what is traditionally one of the slowest months in the real estate year.  Demand should continue to push home sales — it’s just a question of how many new listings will feed that demand.

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 7-28-2012:

San Carlos Housing Data 7-28-12 Prior Week
Closed Sales for the Week:
8 5
Average Sold Price
$1,104,500 $1,014,000 (+8.9%)
Average $/Sq Foot (Sold)
$594 $506
Sold Price vs Orig List (%) 101% 101%
Average DOM of Closed Sales 19 20
No. of Homes Pending Sale: 30 33
Inventory of Active Listings:
32 35 (-8.6%)
Average Price of Active Listings: $1,337,101 $1,365,991
Average DOM of Active Listings: 46 43
Average $/Sq Foot (List) $581 $556
Active-Pending Ratio:
1.1 : 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.
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The San Carlos Real Estate Week in Review: 7-21-12.

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San Carlos Real Estate Summary.

The real estate market in San Carlos continued to flex its muscle this past week, despite the fact that we’re smack in the middle of summer.  All but one of the homes that went pending last week were locked up inside of 2 weeks, with most still fetching multiple offers.  And home prices are still holding strong — this past week’s closed escrows were at 101% of their respective list price, on average.   It will be interesting to see what effect (if any) this has on the month of August, which is traditionally one of the slowest months of the year in San Carlos real estate.

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 7-21-2012:

San Carlos Housing Data 7-21-12 Prior Week
Closed Sales for the Week:
5 7
Average Sold Price
$1,014,000 $956,000 (+%)
Average $/Sq Foot (Sold)
$506 $542
Sold Price vs Orig List (%) 101% 95%
Average DOM of Closed Sales 20 54
No. of Homes Pending Sale: 35 33
Inventory of Active Listings:
35 34 (+2.9%)
Average Price of Active Listings: $1,365,991 $1,331,253
Average DOM of Active Listings: 43 37
Average $/Sq Foot (List) $556 $579
Active-Pending Ratio:
0.8 : 1 1 : 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: 7-14-12.

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San Carlos Real Estate Summary.

It was a good week for new listings, especially considering that it’s in the middle of July, which is not typically a busy time for new issues. 9 new listings made their debut last week, which helped drive the inventory up back over 30 listings again.  Buyers remained on task again, with 4 homes going into to contract — and all 4 were on the market for less than two weeks, which confirms that properties are still moving briskly.

The start of the traditional fall real estate market is only 4 weeks away, and it appears that the market will remain relatively strong leading up to that point.

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 7-14-2012:

San Carlos Housing Data 7-14-12 Prior Week
Closed Sales for the Week:
7 4
Average Sold Price
$956,000 $821,875 (+16.3%)
Average $/Sq Foot (Sold)
$542 $712
Sold Price vs Orig List (%) 95% 102%
Average DOM of Closed Sales 54 11
No. of Homes Pending Sale: 33 36
Inventory of Active Listings:
34 29 (+17%)
Average Price of Active Listings: $1,331,253 $1,347,945
Average DOM of Active Listings: 37 40
Average $/Sq Foot (List) $579 $578
Active-Pending Ratio:
1 : 1 0.8 : 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: 7-7-12.

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San Carlos Real Estate Summary.

Th pace of the real estate market in San Carlos has taken a little bit of a breather now that summer mode is in full swing.  It’s evident from looking everyone’s Facebook postings that many people have gotten out of Dodge for a few weeks.  Those that remain behind are certainly working the market though.  5 more homes went into contract this past week, which pushed our inventory below the 30 mark again.    There’s a significant number of those buyers who are still looking to establish root in their desired school district before the school year starts, so they will remain on task throughout the summer.

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 7-7-2012:

San Carlos Housing Data 7-7-12 Prior Week
Closed Sales for the Week:
4 10
Average Sold Price
$821,875 $1,134,800 (-28%)
Average $/Sq Foot (Sold)
$712 $601
Sold Price vs Orig List (%) 102% 102%
Average DOM of Closed Sales 11 39
No. of Homes Pending Sale: 36 35
Inventory of Active Listings:
29 28 (+3.6%)
Average Price of Active Listings: $1,347,945 $1,326,375
Average DOM of Active Listings: 40 37
Average $/Sq Foot (List) $578 $577
Active-Pending Ratio:
0.81 : 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: 6-30-12.

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San Carlos Real Estate Summary.

It’s hard to believe, but the first half of 2012 is now officially behind us.  It has been a year that nobody in this industry could have predicted, and we’re still only halfway through it.  What were the first-half numbers like?  What’s in store for the second half?  We’ll dive into those numbers in a little more detail later this week, but for now suffice it to say that the first half finished the way it started – strong.   And there’s no indication that it’s going to change much in the second half.

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 6-30-2012:

San Carlos Housing Data 6-30-12 Prior Week
Closed Sales for the Week:
10 6
Average Sold Price
$1,134,800 $1,070,000 (+6.1%)
Average $/Sq Foot (Sold)
$601 $617
Sold Price vs Orig List (%) 102% 103%
Average DOM of Closed Sales 39 12
No. of Homes Pending Sale: 35 36
Inventory of Active Listings:
28 36 (-22%)
Average Price of Active Listings: $1,326,375 $1,299,849
Average DOM of Active Listings: 37 32
Average $/Sq Foot (List) $577 $572
Active-Pending Ratio:
0.8 : 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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