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The San Carlos Real Estate Week in Review: 8-23-14.

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.

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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 …

Overbidding Hits a Fever Pitch in San Carlos

Home buyers in San Carlos are bidding more aggressively than ever on homes. The month of February 2014 set an all time record for the percentage above the list price for home sales in San Carlos.

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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What To See This Weekend in San Carlos – 8/1/2014.

Sign - Open House

The inventory of homes for sale in San Carlos didn’t change much from this time during the prior week.   As of this evening, there’s a total of 21 homes and 6 condos for sale in the city, pretty much the same inventory level as this time last week.  But this should not be misconstrued as a lack of activity in the market, though.  Even though the total inventory level hasn’t changed much, about 25% of last weeks inventory has turned over, so there are definitely new options to see this weekend — many of which will be hosting open houses on either of both of the days.

Here are a couple of homes to see this weekend. Click on the address for more details and photos:

575 Alameda, San Carlos

575 Alameda, San Carlos

575 Alameda – $2,595,000

575 Alameda is a grand property in all aspects — from the 3,402 square feet of living space, to the  17,100 square foot flat lot, to the detached gym/office, there’s a lot that this property has to offer.   What also makes this property unique besides the large numbers is the fact that it’s a single-level home, which is a relative rarity for homes this large.  The vast majority of homes over 3,000 square feet in San Carlos are multi-story, simply because the lot sizes aren’t large enough to accommodate this much square footage on the ground level.  But with nearly 0.4 acres to work with, there is plenty of yard still left over for the pool, and the expansive lawn area.  This will be very appealing to those buyers who simply don’t like multi-story residences, or who plan on having an elderly parent come to live with them, because it takes the complexity of stairs entirely out of the equation.

575 Alameda is listed by Tom Neel of Coldwell Banker, and will be open from 2:00-4:00 on both Saturday and Sunday.

760 Crestview Drive – $2,199,000

760 Crestview Drive, San Carlos

760 Crestview Drive, San Carlos

On the opposite end of the architectural spectrum (and on the other end of town), you’ll find 760 Crestview Drive.   If you don’t mind a quick drive up the hill and you can do a two-story home, then you’ll be rewarded with a nice home with some spectacular views.  On the subject of views, 760 Crestview is one of a handful of single family homes on the ridge that sports great views of both the San Francisco Bay and the western hills.

760 Crestview Drive  is a 3BR/2.5BA home at approximately 3,060 square feet.  It features a large, nicely updated kitchen with one of largest granite counters I have seen in a house in San Carlos.   The bedrooms are generously sized and the layout is very smart.   Unlike other homes up in the hills, this one has a 10,500 square foot usable lot, so there’s still plenty of back yard space for the kids.

This home is listed by Shawn Jones of Intero Real Estate Service, and will be on open on both Saturday and Sunday from noon-4:00PM.

Honorable Mentions:

Price Reductions:  Both of the brand new homes at 125 Kelton Avenue and 2o49 Brittan Avenue have had recent price reductions, so they may be worth another look.  Kelton does not have open house hours currently scheduled for this weekend, but it can be shown easily by appointment.  Brittan will be open on Sunday from 1-4PM.

241 Highland Avenue – $1,449,000: Nice 4BR homes with great views of the western hills.  If the Tierra Linda/Arundel/Carlmont school combination is a must for you, check this one out.   Listed by Stephen Bellingham of Alain Pinel Realtors.

For a complete list of what’s open this weekend in San Carlos, just click the White Oaks Blog Open House link. If you’re interested in a private showing of any of these properties, just contact me and I’d be happy to arrange it (but please only if you’re not already working with another Realtor.) Happy house hunting!
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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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White Oaks Celebrates National Night Out: Tuesday, August 5.

National Night Out 2014

Free Ice Cream.

White Oaks residents, mark your calendars for this coming Tuesday August 5th.  Just as they have done for the past 5 years, the White Oaks neighborhood will lead the way in San Carlos in embracing the National Night Out initiative.  And they will do so in their trademark fashion of offering free ice cream to all attendees.   This year, however, there’s an added culinary twist as Sancho’s Taqueria will also be offering their tasty food for sale from their mobile truck.

Ever since the White Oaks Neighborhood Watch was founded over 6 years ago, the National Night Out event has been an integral part of the group’s efforts to unite the White Oaks neighborhood, and to raise awareness about crime and public safety in the community.   This year’s event will once again feature a strong showing by San Carlos Bureau of the San Mateo County Sheriff’s Department, as well as San Carlos Fire Department.

This year’s festivities will center around 121 and 125 Sunnydale Avenue, courtesy of the Widner and Demeo families who have volunteered to organize this year’s event.  In fact, the entire block of Sunnydale will be cordoned off from 5 p.m. to 8 p.m., which will make it essentially a good old-fashioned block party, thus making it easy for everyone to congregate and get to know one another.

A huge thanks for the gracious participation of the San Carlos Bureau of the San Mateo County Sheriff’s Office and the Redwood City/San Carlos Fire Department — especially Sheriff’s Capt. Greg Rothaus and the fire department’s Emergency Preparedness Coordinator, Christy Adonis for all of their help in coordinating their resources for this important event.  The White Oaks National Night Out is a great opportunity to meet and greet the first responders who are close by when we need them, and to learn about programs that can help us stay safe and secure.

Here’s a flyer with all the details:

National Night Out

 
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Bianchini’s in San Carlos to Host “Bagging for Bucks” – Friday August 1.

Sheriff

3rd Annual Benefit.

The great folks at the San Mateo County Sheriff’s Office along with Bianchini’s Market have announced the date for the 3rd Annual “Bagging for Bucks” event, which benefits the Special Olympics.  Here’s how it works:  Between 3:00 and 7:00 PM on Friday August 1, simply shop for your groceries at either of the Bianchini’s locations in San Carlos or Portola Valley.   Your courtesy bagger will be a uniformed member  of the San Mateo County Sheriff’s Office.    They’ll even help carry your groceries to the car.    After they are done helping you, simply tip them generously and those proceeds go to benefit the Special Olympics.  It’s just that easy!

The Sheriff’s Department will be there in full force during this event, with fingerprinting for the kids, and free giveaways for everyone.   It’s a great event for an even greater cause, so please make a point of doing your shopping at Bianchini’s this Friday!

More details regarding the event can be found in the flyer below….

 

Bagging_for_Bucks_2014 (1)
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The San Carlos Real Estate Week in Review: 7-26-14.

calendar1

The San Carlos real estate market shrugged off the conventional wisdom that the mid-summer is not an ideal time to put a home on the market, as nine different homes hit the market last week.    Home buyers remained very active as well, picking off five homes during the same period – and all five had been on the market for less than two weeks, which shows that the market is continuing to turn inventory very quickly.

As we head into August, it marks the beginning of the Fall real estate market in San Carlos.   In the past, this secondary market wouldn’t start in earnest until after Labor Day weekend.  But with so many schools now starting back in mid-late August, the market activity has been ramping up noticeably in early August the past several years.   Look for this year to be no different this year as July closes out this week.    You can also expect that September and October will be excellent months to list a home this year, since the buying activity has remained so strong during the summer.

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 7-26-2014:

San Carlos Housing Data 7-26-14 Prior Week
Closed Sales for the Week: 7 7
Average Sold Price: $1,136,000 $1,342,123
Average $/Sq Foot (Sold) $779 $810
Average Percentage Over List Price: 106% 108%
Average DOM of Closed Sales 14 16
No. of Homes Pending Sale: 23 25
No. of Active Listings: 22 21
Average Price of Active Listings: $1,415,209 $1,542,900
Average DOM of Active Listings: 26 31
Average $/Sq Foot (List) $699 $671
Active-Pending Ratio: 0.96 : 1 0.84 : 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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What To See This Weekend in San Carlos – 7/25/2014.

open-house-sign

The inventory of homes for sale in San Carlos was starting to look a little lean toward the middle of this past week.  As of  Thursday morning, there had only been one new listing to hit the market, and the number of homes for sale had dropped back into the teens, which is not a lot to choose from.  Luckily for home buyers,  there was a late push and 6 new listings popped up on Thursday and Friday which propped the number back up to a total of 22 homes and 5 condos  — the identical inventory numbers as this time last week.

So if you’re out this weekend looking for a home or condo in San Carlos, there is still a decent number of homes that will be hosting open houses on either of both of the days.

Here are a few of my picks to see this weekend. Click on the address for more details and photos:

2258 Howard Avenue, San Carlos

2258 Howard Avenue, San Carlos

2258 Howard Avenue – $1,498,000

If having a large, flat lot is high on your wish list for your new San Carlos home, then be sure to add 2258 Howard Avenue to your list of homes to see this weekend.   This 3BR/2BA creekside home is situated on a huge 9,700 square foot lot — which if you know San Carlos, you’ll know very well know that this is much larger than the typical lot.  And this home has the added bonus of a detached 1BR/1BA guest house in the back, which is ideal for longer-term guests, or even those of you thinking ahead to the possibility of your parents coming back to stay with you.

The home is a spacious 1,770 square feet and features an updated kitchen.  2258 Howard Avenue is listed by my colleague Gary Bulanti of Alain Pinel Realtors, and will be open from 1:30-4:30 on both Saturday and Sunday.

1110 Hudson Court – $1,685,000

1110 Hudson Court, San Carlos

1110 Hudson Court, San Carlos

Has this recent hot weather got you thinking that a pool should be added to your list of amenities?   With 1110 Hudson Court in San Carlos, you’ll get the pool and the spectacular entertainment back yard without sacrificing any of the other features that you’ll want in your new home.

Situated on a nice cul-de-sac in the San Carlos hills, this home is geared for indoor and outdoor living.  The chef’s kitchen features slab granite counters, custom backsplash, and stainless steel appliances.  The wine steward opens to family room and the professionally designed back yard, complete with a stunning outdoor kitchen & beautiful flagstone pool deck.

1110 Hudson Court is a 3BR/2BA home at approximately 2,150 square feet, which is larger than many 3-bedroom homes that you will see in San Carlos.   This beautiful home is listed by Laura Bertolacci of Today Sothebys, and the first showings of will be on Sunday from 1:00-4:00

41 Elston Court – $1,485,000

41 Elston Court, San Carlos

41 Elston Court, San Carlos

Since San Carlos is located almost exactly at the midpoint between San Jose and San Francisco, there are some areas in the city that afford some simply breathtaking views of the bay — and 41 Elston Court is one of those houses that takes full advantage of those views.   You’ll never get tired of the stunning view of Mount Diablo across the bay, or the incredible “framed” view of the San Francisco skyline — all right from your the back yard of this home.

This 3-bedroom, 3-bathroom home features an expansive open floorplan that literally wraps around the back yard and those aforementioned views.  And the extensive use of large picture windows allows the natural light to just flood into this home, giving it a bright cheery feel.  It’s worth the drive up the hill to see this home.

41 Elston Court is listed by Greg Damelio of McGuire Real Estate, and will be open on Saturday from 2:00-4:00, and again on Sunday from 1:30-4:00.

Honorable Mentions:

260 Fairmont Avenue – $1,395,000:  Classic White Oaks location, great yard.  Open Sunday 1:30-4:30.  Listed by Pete Vece of Today Sothebys.

2007 Eucalyptus Avenue – $1,249,000:  It’s a rarity when a home on Eucalyptus hits the market.   A nice 3BR/2BA home in Howard Park.   Open Saturday and Sunday from 1:00-4:00.  Listed by Bryce Cook of Today Sothebys.

For a complete list of what’s open this weekend in San Carlos, just click the White Oaks Blog Open House link. If you’re interested in a private showing of any of these properties, just contact me and I’d be happy to arrange it (but please only if you’re not already working with another Realtor.) Happy house hunting!
_____________________________________________________________________________

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: 7-19-14.

calendar19

One trend you may have noticed in the past few weeks of this report is the re-occurrence of red ink in the “Single Family Homes Sold in San Carlos” section, which designates when a home sells for below its asking price.   While there certainly hasn’t been a preponderance of homes that are failing to fetch their asking price, there has indeed been an increase in just the past few weeks.  And that’s quite noticeable in a year when virtually every home is fetching 10% above the list price — or more.

One may chalk part of this phenomenon up to seasonal slowness in the market.   But this tends to point to a market that is starting to test its upper limits of what buyers are willing to spend.   And while most homes with high desirability factors are still fetching multiple offers and strong prices, some of the homes that have deficiencies (location, condition, etc…) are not simply jumping off the market like they were earlier in the spring.   There are even some nice, new homes that are finding some resistance at the upper end of the price range.  It will be interesting to monitor this trend in the coming weeks.

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 7-19-2014:

San Carlos Housing Data 7-19-14 Prior Week
Closed Sales for the Week: 7 3
Average Sold Price: $1,342,143 $1,350,296
Average $/Sq Foot (Sold) $810 $785
Average Percentage Over List Price: 108% 113%
Average DOM of Closed Sales 16 11
No. of Homes Pending Sale: 25 28
No. of Active Listings: 21 17
Average Price of Active Listings: $1,542,900 $1,522,611
Average DOM of Active Listings: 31 35
Average $/Sq Foot (List) $671 $736
Active-Pending Ratio: 0.84 : 1 0.64 : 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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What To See This Weekend in San Carlos – 7/18/2014.

open house

If you’re hitting the open house circuit this weekend in San Carlos, there is a total of about 20 single family residences and condo/townhomes that will be hosting open houses on either of both of the days.   The inventory in San Carlos has improved slightly from this time last week, with a total of 22 homes and 5 condos for sale in the entire city, so there should be few more options for you to see.

Listing agents at this time of year tend to lean toward holding their listings open on two consecutive weekends before taking offers, which I think this is a smart strategy.  So many people are on vacation at this time of year, that it’s difficult to get decent market exposure on a house unless you give it two weekends for potential buyers to see it.   Obviously, some houses in this market don’t need two open house weekends to sell, but it’s not a bad idea during the slower months of summer.

Here are this week’s picks. Click on the address for more details and photos:

23 Camborne Avenue – $2,395,000

23 Camborne Avenue, San Carlos

23 Camborne Avenue, San Carlos

If new construction is high on your priority list for your new San Carlos home, then you should definitely check out 23 Camborne Avenue.   This is the latest project by renowned local builder Joe Ravella, and it should check most of the boxes on your wish list.  Camborne Avenue is a little known street at the intersection of Club and Beverly Drives, so it gets high marks for being a less traveled street.  The home itself is what you would expect from a Ravella home — intelligent layout, and great craftmanship.   It’s a 5 bedroom, 4 bathroom home with 3,304 square feet of living space.  The layout has 4 bedrooms upstairs with the 5th bedroom being downstairs.  As I stated in last week’s post, this is a very desirable configuration for families with several children, or for those who want a separate guest room/office on the main level.   Kudos for getting it right here.   The back of the home borders undeveloped land, so there is not only great scenery but lots of privacy.

23 Camborne Avenue is listed by Sarah Ravella (yes, relation) of Intero, and will be open from 1:30-4:00 on both Saturday and Sunday.

2740 Milano Way – $1,385,000

2740 Milano Way, San Carlos

2740 Milano Way, San Carlos

4-bedroom homes are somewhat of a rarity in San Carlos, since most of the housing stock is of the 3-bedroom variety, especially in the flats.   So getting that elusive 4th bedroom for the kids or for a home office is high on the wish list for many San Carlos buyers.   2740 Milano Way should appeal to many buyers for just that reason, and for the fact that it’s attractively priced.   Milano Way is a nice quiet cul-de-sac just off the upper stretch of Brittan Avenue, so that’s an added plus for this great home.

2740 Milano Way is listed by Melanie Smith of Coldwell Banker, and the first showings will be during the open house hours from 2:00-4:00 on Saturday, and 1:30-4:30 on Sunday.

Honorable Mentions:

Other homes worth seeing this weekend:  From last week’s list, 125 Kelton Avenue is on its second open house weekend.  Also, you may want to check out the first open houses for 1079 Sunset Drive (4BR/2.5BA, 2,700 sq feet at $1,499,900), and 109 Club Drive (3BR/3BA, 1,530 Sq feet at $1,175,00).

For a complete list of what’s open this weekend in San Carlos, just click the White Oaks Blog Open House link. If you’re interested in a private showing of any of these properties, just contact me and I’d be happy to arrange it (but please only if you’re not already working with another Realtor.) Happy house hunting!
_____________________________________________________________________________

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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Are More Hotels on the Horizon for San Carlos?

Hotel-sign

In its upcoming meeting on Monday July 21, the San Carlos Planning Commission will hold a hearing on a proposal to re-zone a two block stretch of Industrial Road between Holly Street and Quarry Road to allow the potential development of more hotels.   There are already a couple of hotel projects  in the works for that area of San Carlos, according to this article in the San Jose Mercury News, and rezoning of these parcels would clear the path for potentially more hotels to be built.

This would certainly be an economic boon to the City of San Carlos, which would stand to reap significant revenues from hotel taxes and increased patronage of the downtown dining area.   And it also fills the need for more modern hotel room capacity for the mid-Peninsula since the Palo Alto Medical Foundation is slated to open later this year, and tech firms such as Oracle continue to grow.

If the proposed zoning change is approved by the Planning Commission, it must ultimately be approved by the San Carlos City Council at a future meeting.  Stay tuned to this site for more details.

What are your thoughts on this proposal?   Feel free to comment below…
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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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Click the Open House sign below to see ALL of the homes, townhomes, and condos that will be open in San Carlos this weekend!

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Chuck Gillooley
Chuck Gillooley
Realtor, San Carlos Resident

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