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The San Carlos Real Estate Week in Review: 10-15-11.

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San Carlos Real Estate Summary.

If you doubt the strength of the San Carlos real estate market, do so at your own peril.  This past week reminded all of us that the market for certain homes is still very hot, even this late in the year.   This past week, the homes at 1832 Chestnut Street, 2072 Arroyo Avenue, and 1020 Crestview Drive all sold with multiple offers in only their first week on the market!    If you happen to be in the market for a nice 3BR home in San Carlos, this should serve as a reminder that you’ve got to stay on top of the listings as they come up, and be prepared to move quickly and decisively in this market.   As the events of the past few weeks have show, there’s still more competition than there are available homes.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 10-15-2011:

Inventory 10-15-11 Prior Week
Active Listings 46 48 (-4.2%)
Average Price of Active Listings $971,336 $966,655 (+0.5%)
Average DOM of Active Listings 64 64
No. of Homes Pending Sale 38 39 (-2.6%)
Active:Pending Ratio
1.2 : 1 1.2 : 1

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The San Carlos Real Estate Week in Review: 10-8-11.

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San Carlos Real Estate Summary.

The fall real estate market in San Carlos just keeps marching along to its own beat.  It seems as if even more buyers are out seriously looking now that interest rates have fallen to all-time lows (look for more on that in another post.)   Of the 5 homes that went pending this past week, 4 of them were on the market for less than 2 weeks, so things are still selling relatively quickly.    And with 8 new listings replenishing the homes that sold, buyers should have some good options to consider this week in ALL parts of San Carlos.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 10-8-2011:

Inventory 10-8-11 Prior Week
Active Listings 48 47 (+2.1%)
Average Price of Active Listings $966,655 $1,033,606 (-6.5%)
Average DOM of Active Listings 65 65
No. of Homes Pending Sale 39 40 (-2.5%)
Active:Pending Ratio
1.2 : 1 1.2 : 1

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The San Carlos Real Estate Week in Review: 10-1-11.

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San Carlos Real Estate Summary.

It’s a little rare to see so much activity in the townhouse/condo market in San Carlos, but during this past week that sub-segment of the real estate market was pretty busy.  But the stats below show how tough the economy has been on condos — take a look at the discounts that the sellers had to take to get their unit into contract, and also how long some of these units sat on the market before they sold.   While single-family residences in San Carlos have weathered the downturn remarkably well, the same can’t be said for townhouses and condos.  The bright side? People seem to be stepping to the plate and buying — 5 went into contract just this past week alone.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 10-1-2011:

Inventory 10-1-11 Prior Week
Active Listings 47 50 (-6.0%)
Average Price of Active Listings $1,033,606 $1,035,591 (-0.2%)
Average DOM of Active Listings 65 71
No. of Homes Pending Sale 40 39 (+2.6%)
Active:Pending Ratio
1.2 : 1 1.3 : 1

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The San Carlos Real Estate Week in Review: 9-24-11.

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San Carlos Real Estate Summary.

The numbers may not show it, but it was another brisk week for San Carlos real estate.  It seemed as is there was a momentary pause in the buying activity for about 4-5 days as buyers tried to digest the surge of new listings that came on the market immediately after Labor Day weekend.  But the market seems to be surging forward again.   There are some great options for buyers in this market below the $900K mark, but they won’t be around forever.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 9-24-2011:

Inventory 9-24-11 Prior Week
Active Listings 50 54 (-7.4%)
Average Price of Active Listings $1,035,591 $999,499 (+3.6%)
Average DOM of Active Listings 71 67
No. of Homes Pending Sale 39 38 (+2.6%)
Ratio of Active:Pending 1.3 : 1 1.4 : 1

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The San Carlos Real Estate Week in Review: 9-17-11.

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San Carlos Real Estate Summary.

Buyers certainly took advantage of the bumper crop of new listings in San Carlos last week, as they bought 12 homes during that short span.  That’s likely the highest number of purchases in a single week in San Carlos in quite a few months.  Some good options have popped up in the high $800,000 range that weren’t there for most of the summer, and they’re getting snapped up within days of hitting the market.   For sellers still looking to get their home listed and sold prior to the holiday season, there’s still over 60 days until Thanksgiving — still very achievable in this active market.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 9-17-2011:

Inventory 9-17-11 Prior Week
Active Listings 54 58 (-6.9%)
Average Price of Active Listings $999,499 $1,015,766 (-1.6%)
Average DOM of Active Listings 67 65
No. of Homes Pending Sale 38 33 (+15%)
Ratio of Active:Pending 1.4 : 1 1.8 : 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: 9-10-11.

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San Carlos Real Estate Summary.

If this past week was any indication, then the fall real estate market in San Carlos is going to be a barn-burner.  As anticipated, there was a surge of new listings right after Labor Day weekend, with 11 new listings hitting the market.  House hunters are out in full force, particularly in the flats, as witnessed by both 2100 Eaton Avenue and 1912 Howard Avenue being snapped up in just a week.    Buyers are anxious to take advantage of the historically low interest rates, and those sellers who want to move their home before the holidays are wisely getting them on the market.   Should be a fun few weeks ahead!

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 9-10-2011:

Inventory 9-10-11 Prior Week
Active Listings 58 49 (+18.4%)
Average Price of Active Listings $1,015,766 $988,858 (+2.7%)
Average DOM of Active Listings 65 75
No. of Homes Pending Sale 32 37 (-13.5%)
Ratio of Active:Pending 1.8 : 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: 9-3-11.

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San Carlos Real Estate Summary.

This week marks the start of the fall real estate push in San Carlos.  If homeowners plan to get their homes sold before the Thanksgiving holiday, they know they have to get the home on the market sometime between now and mid-October.   Consequently, we historically see a surge in new listings in the first 2-3 weeks of September.  Buyers are certainly hoping that this part of history will repeat itself, because the inventory level is still below 50 homes in San Carlos.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 9-3-2011:

Inventory 9-3-11 Prior Week
Active Listings 49 45 (+8.8%)
Average Price of Active Listings $988,858 $1,017,234 (-2.8%)
Average DOM of Active Listings 75 73
No. of Homes Pending Sale 37 44 (-15.9%)
Ratio of Active:Pending 1.3 : 1 1.0 : 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: 8-27-11.

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San Carlos Real Estate Summary.

It has been a frustrating couple of weeks for home buyers in San Carlos.  Inventory levels have been slowly dropping over the summer, and it really seemed to hit a low this past week.   For most of the week, there were more homes in contract (pending sale) than there were active listings.   That doesn’t happen very often.   To look at it in a different way, during the past week there were more homes for sale in Belmont than there were in San Carlos (now San Carlos has 1 more on the market.)   Even the tiny, tony town of Woodside has a larger inventory (54) than does San Carlos (45).  But we’re only a week from Labor Day, which marks the beginning of the traditional fall market, so I expect there will be an uptick in listings in the next week or so.   (Stay tuned to the site for a announcement to this effect later in the week.)

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 8-27-2011:

Inventory 8-27-11 Prior Week
Active Listings 45 47 (-4.3%)
Average Price of Active Listings $1,000,946 $1,017,234 (-1.6%)
Average DOM of Active Listings 76 73
No. of Homes Pending Sale 44 45 (-2.2%)
Ratio of Active:Pending 1.0 : 1 1.0 : 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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