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The San Carlos Real Estate Week in Review: 10-18-14.

The San Carlos Real Estate Week in Review is the only comprehensive weekly summary of the San Carlos real estate market, and it’s published every Monday on the White Oaks Blog.

Chuck’s Sales

Focus = Results. If you hope to succeed in this ultra-competitive real estate market, it’s imperative that you enlist the help of an experienced Realtor who is laser-focused on the local real estate market, and who thoroughly understands the micro-economic nuances of each neighborhood.   The stakes are simply too high …

Coming This Weekend: 1028 Rosewood Avenue, San Carlos

1028 Rosewood Avenue is a fabulous downtown San Carlos home that will debut on the market this coming weekend. It will be open for viewing on Saturday and Sunday from 1PM – 4PM, and should not be missed!

Map of San Carlos Regions

The Realtor Zones. When it comes to residential real estate, the City of San Carlos is divided up into 6 different real estate “zones”: Alder Manor (Area 350), Beverly Terrace (351), El Sereno Corte (352), Howard Park (353), Clearfield Park (354), and Cordes (355). When a home is for sale …

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The San Carlos Real Estate Week in Review: 9-20-14.

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The Fall real estate market is now in full swing in San Carlos.  There were 12 closings last week, which is a testament to how much activity has been going on in the past month or so.  Pricing has remained strong, with the past group of homes fetching an average of 8% over the asking price.  Some were much higher, as you can see below.

Buyers made a strong statement that they are back in the hunt, as seven homes from last week’s inventory were snapped up — and it’s worth noting that all 7 of these homes were only on the market for two weeks or less.  So the inventory is turning at a pretty brisk pace again right now in San Carlos.  What’s the message in that for buyers?  You need to make sure you get out to see new homes as soon as they hit the market.  The homes that are priced right and check the most number of boxes for today’s buyers are starting to sell again in just the first week on the market.

Here are the details 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 9-20-2014:

San Carlos Housing Data 9-20-14 Prior Week
Closed Sales for the Week: 12 3
Average Sold Price: $1,460,042 $1,173,333
Average $/Sq Foot (Sold) $819 $653
Average Sold – Percentage Of List Price: 108% 101%
Average DOM of Closed Sales 10 31
No. of Homes Pending Sale: 27 34
No. of Active Listings: 16 15
Average Price of Active Listings: $1,406,479 $1,411,779
Average DOM of Active Listings: 15 18
Average $/Sq Foot (List) $706 $734
Active-Pending Ratio: 0.6 : 1 0.44 : 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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Coming This Weekend: 1700 Greenwood Avenue, San Carlos

September 17, 2014 San Carlos Real Estate No Comments
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Location, Location, Location…

So you’re one of the many San Carlos home buyers that wants a charming home in the flats, right?   One with a great yard that’s perfect for entertaining?  And of course, you want it to be centrally located and close to everything that’s important to you… That sounds like a really tall order to fill in a city where there are only about 14 homes for sale right now — and probably even fewer by the time this weekend rolls around.

Well, I have just the home for you…

This weekend I will be unveiling my latest listing at 1700 Greenwood Avenue.  This warm and charming 3-bedroom, 2-bath home checks many of the boxes that today’s San Carlos home buyers are looking for — the first of which is a superb location in the flats.

If you’re familiar with San Carlos, this block of Greenwood Avenue not only has fantastic curb appeal, but it’s just about as centrally located in town as you can possibly be.   Burton Park is only a block away.   You’re under a mile to both Brittan Acres Elementary  and Central Middle Schools.  Ditto for Town Restaurant and the rest of the trendy downtown San Carlos dining and shopping district.  Caltrain?  1 easy mile away.    Even if you decide to venture to Redwood City’s booming downtown district, that’s only about 1.5 miles.

Wherever you need to be, this home is close to it.

Warmth and Charm.

From the minute you step inside,  you get a feeling that this is a warm and charming home — a place that you would love to raise your family, or proudly have your friend over for a dinner party.  Gorgeous, random-plank hardwood floors grace the entry way and run throughout most of the home.

There’s a cozy eat-in kitchen with a fantastic breakfast nook area for those days when you when you just want to keep your dining casual.   But for those times when you need to formally entertain, this home has got that covered as well with the separate, elegant dining area.

The floor plan of this home flows very well and every room is logically placed.  The kitchen and dining areas connect perfectly to the huge living room.  This combined area is perfect for entertaining and makes the home feel greater than 1,690 square feet, but still provides a logical separation between the living and bedroom areas.

Speaking of bedrooms, there are three generously-sized bedrooms that are located toward the rear of the home.   And you’ll love the fact that this home has a spacious, private master suite — so no more sharing the hall bathroom with everyone else!

Outdoor Entertainment.

In my mind, what really sets this home apart is that it totally embraces the San Carlos outdoor lifestyle.   Want to spend time outside in the front yard?  No problem — there’s a huge fenced-in courtyard with a new lawn where you can sit back and watch the neighborhood come to life.

But if outdoor entertaining is your forte, you absolutely must see the built-in backyard barbecue, complete with a full gas cooktop, gas burning fireplace, refrigerator and sink.   There is no party that this set-up can’t handle with absolute ease.  Even if you just want to relax on a nice summer evening and cozy up to the glowing fireplace, this is a place you will spend lots of time.

Put this home at the top of your list of ones to see this weekend. There are only 3 homes for sale right now in the highly desirable area between El Camino and Alameda in San Carlos — and not one of them is priced below $1,500,000 — until now.   This amazing home is listed at $1,395,000 and will be open on both Saturday and Sunday from 1-4.

I can assure you that this one will not be on the market long, so don’t miss it.

Click this link to view the virtual tour!
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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: 9-13-14.

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The dramatic drop-off in new listings in the San Carlos market last week really surprised everyone who watches this market closely.  There were only 3 new listings to pop up last week, and only one of them listed on Friday.  That meant that prospective home buyers had only 15 single-family homes in the entire city to choose from over this past weekend.   With all of the pre-sales activity that has been going on behind the scenes, that’s just a surprisingly low number.   When you combine that with the 7 homes that went into contract over the same period, our inventory is starting to look like it did back in the spring — really slim.

But there should be more hitting the market this week.  I have another fabulous San Carlos home in the flats that I will be listing later this week — stay tuned to the site for more details.

Here are the details 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 9-13-2014:

San Carlos Housing Data 9-13-14 Prior Week
Closed Sales for the Week: 3 6
Average Sold Price: $1,173,333 $1,315,000
Average $/Sq Foot (Sold) $653 $820
Average Sold – Percentage Of List Price: 101% 99%
Average DOM of Closed Sales 31 27
No. of Homes Pending Sale: 34 27
No. of Active Listings: 15 20
Average Price of Active Listings: $1,411,779 $1,327,326
Average DOM of Active Listings: 18 17
Average $/Sq Foot (List) $734 $743
Active-Pending Ratio: 0.44 : 1 0.74 : 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: 9-6-14.

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The fall real estate market in San Carlos is really flexing its muscle, much as I expected it would.  Last week, 9 new listings hit the market, which is a significant injection of inventory for any time of the year let alone the fall.   But that barely made a dent in the number of homes for sale, because San Carlos home buyers snapped up 7 homes during the same period.   The net result is that the total inventory level remained nearly unchanged from last week, and is sitting at 20 homes for sale at the time of this update.

Open houses were very well attended over the weekend, as many serious buyers were out looking to get their home deal locked up before the holiday season gets here.   If you have been looking for a home all year in San Carlos and have been frustrated by the lack of inventory and the intense competition, I highly encourage you to stay on task over the next two months.  There will be some really good homes hitting the market this fall, and I believe that those buyers who remain committed to finding their perfect San Carlos home may finally be rewarded.

Here are the details 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 9-6-2014:

San Carlos Housing Data 9-6-14 Prior Week
Closed Sales for the Week: 6 5
Average Sold Price: $1,315,000 $1,643,000
Average $/Sq Foot (Sold) $820 $713
Average Sold – Percentage Of List Price: 99% 109%
Average DOM of Closed Sales 27 20
No. of Homes Pending Sale: 27 26
No. of Active Listings: 20 20
Average Price of Active Listings: $1,327,326 $1,375,934
Average DOM of Active Listings: 17 21
Average $/Sq Foot (List) $743 $728
Active-Pending Ratio: 0.74 : 1 0.77 : 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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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Coming This Weekend: 3140 Melendy Drive, San Carlos

3140 Melendy Drive, San Carlos

A California-Mediterranean Classic

I am absolutely thrilled to introduce the first of four spectacular listings that I will be unveiling in the coming weeks in San Carlos. Prepare to be swept off your feet by 3140 Melendy Drive.  With breathaking views of the San Francisco skyline and bay, this incredible 3-bedroom home was lovingly remodeled just six year ago, and features European class and grace throughout.

Your guests will enter an expansive foyer with lofty ceilings and elegant limestone tile floors.  The Italian-inspired archways accentuate your entry into the living and dining areas.  The formal living room features a coved ceiling with indirect back-lighting to set an intimate mood.  There’s even a pass-through gas fireplace that provides warmth and serentity to the living and dining areas simultaneously.

The main living area flows seamlessly into the separate family room, which is a cozy getaway which weaves a craftsman-style feel to the architecture with its intricate boxed ceiling design.
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The gourmet kitchen is as functional as it is beautiful, with granite counters and tumbled marble backsplash.  You’ll enjoy taking in the spectacular views of the bay from this kitchen while preparing your favorite meal, or relaxing with friends and family around the center island.

If eating outside is your preference, you will enjoy many warm summer nights and gorgeous sunsets on the expansive back deck that offers breathtaking, sweeping views of the Bay Area, including an unobstructed view of the San Francisco skyline.

When it’s time to retreat, you’ll love the private master suite that also affords you unparalleled canyon and bay views.  The luxuriously appointed master bathroom brings in a more modern flair, with a seamless-glass shower stall and dual vanity sink.

Click this link to view the virtual tour!

Every convenience was carefully thought out with this home, right down to the separate full laundry room that’s adjacent to the garage.

The open and intelligent floor plan of this home is perfect for entertaining your friends, or just kicking back and relaxing.  You simply won’t find many San Carlos homes with all of the luxurious amenities and spectacular views that this home offers.  Oh yes, and did I mention the VIEWS??

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Put this home at the top of your list of ones to see this weekend.  This amazing home is listed at $1,698,000 and I will have it open on both Saturday and Sunday from 1-4.  Prepare to be impressed!

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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: 8-30-14.

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The first week of the fall market in San Carlos was definitely a strong one.  I get the sense that buyers are going to have some great choices in the coming weeks.   Stagers, inspectors, and title reps are all very busy right now, which is a strong indicator that more inventory is on the way.   I have several stellar San Carlos listings that will be coming on the market in September, so stay tuned to the site for more details on these incredible homes.

For those of you hoping that the amount of overbidding and multiple offers might curb a bit in the fall market, that sure didn’t happen last week.   The five homes that changed hands last week did so at about a 9% premium over the asking price, which as been pretty typical of the market this year.    Fasten your seatbelts — the fall market is here, and there are some very cool listings on the horizon!

Here are the details 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 8-30-2014:

San Carlos Housing Data 8-30-14 Prior Week
Closed Sales for the Week: 5 4
Average Sold Price: $1,643,000 $1,322,250
Average $/Sq Foot (Sold) $713 $728
Average Percentage Over List Price: 109% 105%
Average DOM of Closed Sales 20 21
No. of Homes Pending Sale: 26 23
No. of Active Listings: 20 20
Average Price of Active Listings: $1,375,934 $1,481,112
Average DOM of Active Listings: 21 19
Average $/Sq Foot (List) $728 $758
Active-Pending Ratio: 0.77 : 1 0.87 : 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.
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: 8-23-14.

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The first real wave of housing inventory in the fall market hit San Carlos last week. Nine new listings debuted in the city, which is a nice jump-start from the first few weeks of August when the market was predictably sluggish. Five homes were put into contract, most notably two of the remaining units at Mirabel Place. If you’re looking for an gauge on whether new, high-density housing will be well received by the buying public, the development at Mirabel Place should be considered a resounding success. Of the six units that have either sold or are in contract, the average days on market is 3. They were literally either selling before they ever hit the market, or getting snapped up as soon as they hit the MLS.

Look for the pace of new listings to pick up in the coming weeks.  The kids are all back to school this week, minus the UC system and perhaps a few private schools.   The fall market is officially underway in San Carlos!

Here are the details 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 8-23-2014:

San Carlos Housing Data 8-23-14 Prior Week
Closed Sales for the Week: 4 4
Average Sold Price: $1,322,250 $1,432,500
Average $/Sq Foot (Sold) $728 $654
Average Percentage Over List Price: 105% 105%
Average DOM of Closed Sales 21 17
No. of Homes Pending Sale: 23 22
No. of Active Listings: 20 17
Average Price of Active Listings: $1,481,112 $1,581,693
Average DOM of Active Listings: 19 21
Average $/Sq Foot (List) $758 $745
Active-Pending Ratio: 0.87 : 1 0.77 : 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.
Get the best coverage on the San Carlos real estate market delivered right to you!
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San Carlos Symphony at Sunset: Saturday August 23rd

San Carlos Park and Rec Foundation

4th Annual Fundraiser

Looking for something fun and unique to do this weekend in San Carlos?  The Parks and Recreation Foundation of San Carlos is proud to present the 4th Annual Symphony at Sunset on Saturday, August 23, 2014 at the new Burton Park Stage.  This great event is making its fourth consecutive appearance this year, and all proceeds benefit the San Carlos Parks & Recreation Foundation, which raises funds for our city’s 14 Parks. Most recently the Foundation contributed $250,000 for the completion of Burton Park Phase II which includes the new stage, Bocce Courts and renovated basketball courts.

The festivities start at 6:00 PM.  At 7:15 pm, relax at your table or comfortable chair to listen to beautiful music.  Musicians include the Grammy nominated Quartet San Francisco, Pianist Stacy Yi, vocalist Mona Dena, and former members of the San Francisco Symphony, Sarn Oliver & Amos Yang.

Enjoy complimentary food from Piacere, Dessert and coffee from Peets AND complimentary wine tasting by Domenico Winery. Fabulous bottles of wine available for purchase. Great raffle prizes, too!

Individual & group seating available at: www.prfsancarlos.org  Enjoy some great music outdoors while supporting your San Carlos Parks!

PRFSC_SAS_2014_Tickets (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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Chuck Gillooley
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Email: Chuck Gillooley
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