free hit counter

Home » “The Week in Review” » Recent Articles:

The San Carlos Real Estate Week in Review: 7-13-13.

calendar4

San Carlos Real Estate Summary.

The San Carlos real estate market just keeps trucking through these normally quiet summer months.   With the 4th of July week behind us, buyers were back in big numbers as they picked off 6 of the active listings.  This kept the inventory level below 20 homes for sale, where it has been for most of this year.  Interest rates continue to be the primary topic with buyers, sellers, and agents — but for now it doesn’t seem to have a tremendous damper on the market.  Open houses in Belmont and San Carlos seemed to be very well attended yesterday, which is a testament as to how many buyers are still out looking for that perfect home.

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 7-13-2013:

San Carlos Housing Data 7-13-13 Prior Week
Closed Sales for the Week:
9 4
Average Sold Price
$1,216,667 $1,305,000
Average $/Sq Foot (Sold)
$729 $772
Sold Price vs Orig List (%) 110% 109%
Average DOM of Closed Sales 10 7
No. of Homes Pending Sale: 34 38
Inventory of Active Listings:
18 16
Average Price of Active Listings: $1,433,161 $1,449,087
Average DOM of Active Listings: 35 36
Average $/Sq Foot (List) $605 $599
Active-Pending Ratio:
0.53 : 1 0.42 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 7-6-13.

calendar7

San Carlos Real Estate Summary.

As expected, it was a quiet week in the world of San Carlos real estate, at least when you compare it to the frenzy we’ve witnessed in the recent weeks.  The shortened week meant fewer listings and closed sales, but it did not keep those buyers who stayed in town from rolling up their sleeves and competing for some of the recent listings.  Six different homes went pending during the week, with several of them garnering multiple offers — and once again, they also fetched some eye-popping prices (which you’ll see on this site as soon as they close.)

Now that one of the bigger summer vacation weeks is over, look for things to return to their normally hectic pace.   Inventory has once again dropped to the mid-teens, so there’s not much for buyers to choose from until more listings become available.  This imbalance should keep the market on its toes throughout the entire summer.

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 7-6-2013:

San Carlos Housing Data 7-6-13 Prior Week
Closed Sales for the Week:
4 5
Average Sold Price
$1,305,000 $1,216,600
Average $/Sq Foot (Sold)
$772 $701
Sold Price vs Orig List (%) 109% 115%
Average DOM of Closed Sales 7 16
No. of Homes Pending Sale: 38 36
Inventory of Active Listings:
16 20
Average Price of Active Listings: $1,449,087 $1,442,892
Average DOM of Active Listings: 36 27
Average $/Sq Foot (List) $599 $618
Active-Pending Ratio:
0.42 : 1 0.55 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 6-29-13.

calendar2

San Carlos Real Estate Summary.

The upcoming week should be relatively quiet, with the 4th of July falling on a Thursday this year.  Many will take advantage of this to stretch the 4-day weekend into a full week and head out of town.  But even that will probably not have an adverse affect on the unstoppable real estate machine here in San Carlos.  Several homes will be taking offers later this week, and those buyers that choose to remain in town will still have a number of new listings to see.  It will be business as usual for many!

Wherever this week takes you, have a happy and safe 4th of July holiday!

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 6-29-2013:

San Carlos Housing Data 6-29-13 Prior Week
Closed Sales for the Week:
5 12
Average Sold Price
$1,216,600 $1,218,445
Average $/Sq Foot (Sold)
$701 $675
Sold Price vs Orig List (%) 115% 114%
Average DOM of Closed Sales 16 13
No. of Homes Pending Sale: 36 33
Inventory of Active Listings:
20 18
Average Price of Active Listings: $1,442,892 $1,503,667
Average DOM of Active Listings: 27 29
Average $/Sq Foot (List) $618 $602
Active-Pending Ratio:
0.55 : 1 0.55 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 6-22-13.

calendar7

San Carlos Real Estate Summary.

The topic of the this past week was definitely interest rates.  Many lenders bumped up their 15 and 30-year fixed rates by anywhere from .25 to .5, which definitely caught the attention of home buyers who have not wrapped up a home purchase yet.  This should not come as a surprise to anyone, since it’s been known for quite some time that rates are not going to remain at rock bottom levels forever.  It should not be a cause for panic, either, since even with this slight upward tick rates are incredibly low in comparison to the decade-long average.  And there’s nothing preventing the rates from easing back downward again.  The economy in the rest of the country is not doing nearly as well as we are here in the San Francisco Bay Area.

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 6-22-2013:

San Carlos Housing Data 6-22-13 Prior Week
Closed Sales for the Week:
12 7
Average Sold Price
$1,218,445 $1,483,429
Average $/Sq Foot (Sold)
$675 $613
Sold Price vs Orig List (%) 114% 98%
Average DOM of Closed Sales 13 11
No. of Homes Pending Sale: 33 39
Inventory of Active Listings:
18 22
Average Price of Active Listings: $1,503,667 $1,438,143
Average DOM of Active Listings: 29 23
Average $/Sq Foot (List) $602 $605
Active-Pending Ratio:
0.55 : 1 0.56 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 6-15-13.

calendar3

San Carlos Real Estate Summary.

The table was really set for it to be a “statement week” for the real estate market last week in San Carlos.  If you recall from the last report, we were slammed with a wave of new listings at the end of the prior week.  This pushed the inventory level in San Carlos above the 30 mark for the first time all year.   There were literally so many open houses to see, that it was a challenge to visit them all in the 3-hour time slot on a single day.  When was the last time that happened?

But the big question was, how would the market react to such an upside?  Would this finally signal a return to something resembling balance to the market?  Would it help give buyers a tiny bit more leverage?  Well, as you can see from the “Homes Pending Sale” section below, the market reacted just as it has all year — it devoured the inventory.   No sooner did we take a peek over the top of the 30 mark, then buyers drove it right back down to the 22 listings that we have today.  And yes, there were still multiple offers to go around the entire list.   So, while the sudden surge of inventory certainly gave buyers lots of much-needed options, it also demonstrated how strong the market remains in San Carlos.

There’s another interesting tidbit in this week’s report too.  For the first time in months, there’s actually more red ink in the “Homes Sold” section than there was green ink.  In other words, more homes sold for less than their list price than above.  Indeed, the homes that closed escrow fetched an average of 98% of their list price.   That’s the first time in months that it has been below 100%.    Is this the signal that the prices are starting to top out?   Perhaps, but it will take a few more weeks like this to convince me that it wasn’t just a coincidence.

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 6-15-2013:

San Carlos Housing Data 6-15-13 Prior Week
Closed Sales for the Week:
7 8
Average Sold Price
$1,483,429 $1,244,875
Average $/Sq Foot (Sold)
$613 $736
Sold Price vs Orig List (%) 98% 108%
Average DOM of Closed Sales 11 7
No. of Homes Pending Sale: 39 34
Inventory of Active Listings:
22 29
Average Price of Active Listings: $1,438,143 $1,362,240
Average DOM of Active Listings: 23 18
Average $/Sq Foot (List) $605 $610
Active-Pending Ratio:
0.56 : 1 0.85 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 6-8-13.

calendar4

San Carlos Real Estate Summary.

By San Carlos standards, there was a virtual tidal wave of new single-family home listings this past week, much to the joy of buyers and their agents alike.  17 homes made their debut this week, in what was easily the biggest listing week so far in 2013. But true to San Carlos form, a couple of them did not even make it to the first open house weekend, which serves as a constant reminder to San Carlos home buyers that expediency and staying on task is still vitally important in this market.

It will be very interesting to see if this latest surge in listings will alleviate a little bit of the upward pressure on a market, or if they will be quickly absorbed by the huge imbalance of buyers that have been looking all year long.   If you are interested in keeping closer tabs than just this weekly summary, I also post the pending and sold homes every day on the White Oaks Blog Facebook page.   If you don’t already follow that page, you definitely should.

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 6-8-2013:

San Carlos Housing Data 6-8-13 Prior Week
Closed Sales for the Week:
8 6
Average Sold Price
$1,244,875 $1,311,000
Average $/Sq Foot (Sold)
$736 $707
Sold Price vs Orig List (%) 108% 114%
Average DOM of Closed Sales 7 9
No. of Homes Pending Sale: 34 34
Inventory of Active Listings:
29 17
Average Price of Active Listings: $1,362,240 $1,258,118
Average DOM of Active Listings: 18 19
Average $/Sq Foot (List) $610 $611
Active-Pending Ratio:
0.85 : 1 0.50 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 6-1-13.

calendar

San Carlos Real Estate Summary.

Although it was a relatively small sample size at only 6 closed sales, it was still an eye-opener to see that the sales price for these 6 listings commanded a 14% premium on average over the asking price.  Four of the six fetched $200,000 or more over their asking price, or an upside of 17-20%.   Buying activity continues to be brisk, with 8 more homes going into contract over the past week.   And open houses reported crushing crowds over the weekend.

Even with a significant correction in the stock market at the end of the week, it doesn’t seem that anything can curb the enthusiasm and momentum of the real estate market in San Carlos right now.  It’s an amazing thing to see.

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 6-1-2013:

San Carlos Housing Data 6-1-13 Prior Week
Closed Sales for the Week:
6 12
Average Sold Price
$1,311,000 $1,300,875
Average $/Sq Foot (Sold)
$707 $671
Sold Price vs Orig List (%) 114% 107%
Average DOM of Closed Sales 9 12
No. of Homes Pending Sale: 34 32
Inventory of Active Listings:
17 19
Average Price of Active Listings: $1,258,118 $1,268,047
Average DOM of Active Listings: 19 28
Average $/Sq Foot (List) $611 $612
Active-Pending Ratio:
0.50 : 1 0.59 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 5-25-13.

calendar3

San Carlos Real Estate Summary.

The results of that frenetic surge of sales that happened in mid-April are starting to show up as closed sales.  This week, 12 homes closed escrow in San Carlos, and it’s interesting to see that percentage above list price that buyers are paying is still hovering around the 7% mark on average.  It has been as high as 11% (average) during the peak of the spring market.   Obviously, some homes have sold for much higher than that — even this week two homes closed that fetched a 17% premium over their asking price.

Interest rates on most home mortgages inched upward slightly this week, which definitely caught the attention of buyers who are still out there looking for homes.  It was only a minor uptick of only 0.125 – 0.250, depending on the loan product, but certainly a trend in the wrong direction for buyers.  It will be very interesting to see if this is a pre-cursor of things to come, or simply a minor market correction.

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 5-11-2013:

San Carlos Housing Data 5-25-13 Prior Week
Closed Sales for the Week:
12 6
Average Sold Price
$1,300,875 $1,290,833
Average $/Sq Foot (Sold)
$671 $708
Sold Price vs Orig List (%) 107% 107%
Average DOM of Closed Sales 12 8
No. of Homes Pending Sale: 32 37
Inventory of Active Listings:
19 19
Average Price of Active Listings: $1,268,407 $1,261,091
Average DOM of Active Listings: 28 24
Average $/Sq Foot (List) $612 $625
Active-Pending Ratio:
0.59 : 1 0.51 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

Hey San Carlos, What Do You Think?

Should San Carlos Reduce the Maximum Size Limits for Residential Construction?

View Results

Loading ... Loading ...

Chuck’s Recent Sales

Put my experience to work for you!

I've helped over 50 families make their next move in the City of San Carlos, and many more in the surrounding communities. Click the link below to see a list of all the homes that I have helped my clients buy or sell!

Chuck's Sales Production

Subscribe to the Blog via Email

Enter your email address to subscribe to the White Oaks Blog, and receive notifications of new posts by email. No spam....ever. Promise.

San Carlos Home Search


Click the link below to see ALL of the homes that are currently for sale in San Carlos!

San Carlos Home Search

Open House: San Carlos


Click the Open House sign below to see ALL of the homes, townhomes, and condos that will be open in San Carlos this weekend!

San Carlos Open House

Testimonials

Chuck did an absolutely amazing job selling our house. He prepared us for everything that would happen, was professional, incredibly helpful and always available to answer our questions. He knows the market, knows all the realtors and is able to make a transaction go quickly and smoothly.

Cate L

San Carlos Weather

The White Oaks Blog on FaceBook.

Selling Your Home?


Related posts: