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The San Carlos Real Estate Week in Review: 8-20-11.

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San Carlos Real Estate Summary.

I read somewhere this week that it might be turning into a buyer’s market in San Carlos.   I don’t think so.   All of the key metrics still point to a very competitive environment for buyers, which makes it very much a seller’s market.  Inventory is tight, with only 47 homes for sale.  And of the four homes that closed escrow last week, 3 sold for over list price — at an average stay on the market of only 6 days.   That’s not an environment that tells me that buyers are calling the shots.  Even homes that have been on the market for up to 3 months are starting to go into contract.   With the Fall market just a couple of weeks away, it will be interesting to see how the expected surge of new inventory will affect the pace of sales.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 8-20-2011:

Inventory 8-20-11 Prior Week
Active Listings 47 48 (-2.1%)
Average Price of Active Listings $1,017,234 $1,034,133 (-1.6%)
Average DOM of Active Listings 73 71
No. of Homes Pending Sale 45 43 (+4.7%)
Ratio of Active:Pending 1.0 : 1 1.1 : 1

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The San Carlos Real Estate Week in Review: 8-13-11.

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San Carlos Real Estate Summary.

The real estate market got a big shot in the arm this past week when the Federal Reserve announced that it will keep its rates near zero until 2013.  This essentially ensures that mortgage rates will remain at historically low levels during this period, and that’s always a good catalyst for folks to buy homes.  In my opinion, this move will largely nullify the effects of the wild ride the stock market has taken over the same period — at least with respect to the local real estate market.  If people feel assured that they can lock in a great long-term rate, then they’ll buy homes — regardless of what the stock market is doing during a given week.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 8-13-2011.

Inventory 8-13-11 Prior Week
Active Listings 48 54 (-11%)
Average Price of Active Listings $1,034,133 $999,658 (+3.4%)
Average DOM of Active Listings 71 66
No. of Homes Pending Sale
43 44 (-2.2%)
Ratio of Active:Pending 1.1 : 1 1.5 : 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: 8-6-11.

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San Carlos Real Estate Summary.

The market shrugged off one close call this week, as we avoided the default of our national debt by a matter of days.  This upcoming week, it must now digest the drop in the country’s credit rating in the wake of the latest financial problems.  All things considered, the San Carlos real estate market performed admirably in spite of all of these challenges.   Homes still sold briskly, with 4 homes going into contract after being on the market for about a week or less.  2211 Howard Avenue sold after getting 7 offers.  So clearly, many buyers are still bullish about the future.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 8-6-2011.

Inventory 8-6-11 Prior Week
Active Listings 54 59 (-8.5%)
Average Price of Active Listings $999,658  $1,031,521 (-3.1%)
Average DOM of Active Listings 66 65
No. of Homes Pending Sale
44 38 (+15.6%)
Ratio of Active:Pending 1.5 : 1 1.6 : 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: 7-30-11.

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San Carlos Real Estate Summary.

There was a nice surge of new listings this past week, especially during the latter half.  The distribution in the price range of these 12 listings is fairly evenly spread, thus providing some new choices for buyers whether they’re in the $850,000 range, or as high as $1.5M.   Buyers are still making decisive moves on houses that they like — 3 of the 6 homes that went pending this week were on the market less than one week!

It should be a very interesting week coming up for the entire real estate market.  The specter of a default on our national debt could have serious consequences throughout the country.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-30-2011.

Inventory 7-30-11 Prior Week
Active Listings 59 51 (+3.0%)
Average Price of Active Listings $1,031,521  $1,023,584 (+0.8%)
Average DOM of Active Listings 65 67
No. of Homes Pending Sale
38 37 (+2.7%)
Ratio of Active:Pending 1.6 : 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: 7-23-11.

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San Carlos Real Estate Summary.

We spent a fair amount of space on the site last week discussing pricing trends in San Carlos and specifically in the White Oaks neighborhood (look for additional neighborhoods next week).    One additional datapoint that was not discussed in that analysis is how homes are selling compared to their original list price.    In the last few weeks, as we’ve noted in the tables below, the majority of homes have been selling below their original list price — this week, 2/3 of the homes that closed did not fetch that price point, with the average sale fetching only about 96% of the price it was originally listed for.   That’s still a respectable number for other regions, but a little low by San Carlos standards.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-23-2011.

Inventory 7-23-11 Prior Week
Active Listings 51 52 (-1.9%)
Average Price of Active Listings $1,023,584  $1,034,669 (-1.1%)
Average DOM of Active Listings 67 65
No. of Homes Pending Sale
37 43 (-14%)
Ratio of Active:Pending 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: 7-16-11.

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San Carlos Real Estate Summary.

Summer is in full swing in San Carlos, but you’d never know it by the weather!  The real estate market is in cruise-mode now, as you might expect in the summer months.  The number of available homes tends to drop, as fewer people put their homes on the market in July and August — that trend is certainly holding true, as the inventory dropped by over 10% just this week.   Also worth noting;  of the 9 home sales that closed this week, a whopping 78% were purchased below the original list price.   This is certainly in line with the trends we discussed in the mid-year report earlier this week.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-16-2011:

Inventory 7-16-11 Prior Week
Active Listings 52 58 (-10.3%)
Average Price of Active Listings $1,034,669
Average DOM of Active Listings 65 74
No. of Homes Pending Sale
43 47 (-8.5%)
Ratio of Active:Pending 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: 7-9-11.

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Summary.

It’s the first week of July, and that means the first half of the year is over already!  It’s amazing how fast it flew by.   San Carlos experienced a very healthy first half of the year for home sales — stay tuned this later week when I publish my mid-year report with all of the details.  But for this past week, the market behaved about as one would expect for the first week of July — not a lot of new listings, and the pending sale activity is steady, if not spectacular.  This lazy tradition happens virtually each year in July and August as buyers and sellers tend to de-focus take a short breather to get in some vacation time.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-9-2011:

Inventory 7-9-11 Prior Week
Active Listings 58 62 (-6.5%)
Average DOM of Active Listings 74 74
Homes in Contract 47 47 (0%)
Ratio of Active:Pending 1.2 : 1 1.3 : 1

San Carlos Market Report.

Click here to download this week’s edition of the Altos Research Market Report:   San Carlos Market Report 7-9-2011

The San Carlos Open House Page.

If you’re looking at open houses this weekend in San Carlos here’s the only link you’ll need: The San Carlos Open House Page. With one click, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.

Single-Family Homes Sold in San Carlos:

581 Emerald Avenue, San Carlos

581 Emerald Avenue, San Carlos

Below is a list of the single-family homes that sold this past week in San Carlos. Click on the address of each to see the complete details.

>>> 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: 7-2-11.

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Summary.

As one might expect for the week heading into the 4th of July holiday, the tempo of the San Carlos market backed off a bit.  The few agents I spoke with who were holding their listings open over the weekend reported a light turnout, which is to be expected with so many people out of town.   Of course, it didn’t help matters that the mercury touched 100 degrees in San Carlos on Sunday either.   Activity should pick back up next week as entry level buyers scurry to get into contract before the hi-balance conforming loan limits expire in the next 2 months.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 7-2-2011:

Inventory 7-2-11 Prior Week
Active Listings 62 60 (+3.3%)
Average DOM of Active Listings 74 69
Homes in Contract 47 52 (-9.6%)
Ratio of Active:Pending 1.3 : 1 1.2 : 1

San Carlos Market Report.

Click here to download this week’s edition of the Altos Research Market Report:   San Carlos Market Report 7-2-2011

The San Carlos Open House Page.

If you’re looking at open houses this weekend in San Carlos here’s the only link you’ll need: The San Carlos Open House Page. With one click, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.

Single-Family Homes Sold in San Carlos:

 

1777 Elizabeth Street, San Carlos

1777 Elizabeth Street, San Carlos

Below is a list of the single-family homes that sold this past week in San Carlos. Click on the address of each to see the complete details.

>>> 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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