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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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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

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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

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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

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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

>>> 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: 8-13-11.

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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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