San Carlos Real Estate 2011: The Q3 Report.

Sales Up, Prices Down.

Does that mantra sound familiar?  It should, because it’s exactly the way that we kicked off the 2011 Mid-Year Report for San Carlos.  The trend of very strong home sales that has characterized the San Carlos market so far this year continued right through the third quarter.   In fact, San Carlos is on track to have its best year in unit volume of home sales since way back in 2007, which was the end of the last real estate boom.

But prices are not still following the uptick in sales, even despite record low interest rates that have become too tempting for even the fence-sitters to pass up.  That may sound perplexing to those of you who have been beaten up in a few multiple offer battles and watched prices escalate on a few select homes — but on average, prices are lagging about 2% below last year.
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The San Carlos Real Estate Week in Review: 10-8-11.

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:

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The San Carlos Real Estate Week in Review: 5-14-11.

Summary.

It was another good week for home buyers in San Carlos, with 10 new listings to choose from.    But not all regions in San Carlos are enjoying the influx of new listings.  The highly sought after Howard Park neighborhood only has 4 active listings, or 6% of the total available single-family homes in San Carlos.   White Oaks/Oak Park isn’t much better,  with 11 active listings or 17% of the total.  So if a home in the flat section of San Carlos is what you’re looking for, there’s still not a generous supply of homes to choose from yet.

Interest rates remained steady this past week at attractive levels.  And even jumbo loans (>$729,750) are starting to gain favor again with home buyers.   Look for more on this topic later in the week on the site.

San Carlos Market Report.

Click here to download this week’s edition of the Altos Research Market Report:  San Carlos Market Report 5-14-2011

San Carlos Open House List.

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.

Here’s a quick snapshot of the inventory of San Carlos single family homes as of 5-14-2011:

Single-Family Homes Sold in San Carlos:

2433 Melendy Drive, 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.

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