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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

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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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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.
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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
_____________________________________________________________________________

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: 8-4-12.

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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.
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: 7-28-12.

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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
_____________________________________________________________________________

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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