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The San Carlos Real Estate Week in Review: 5/23/2016.

The San Carlos Week in Review is the only in depth weekly recap of the San Carlos real estate market, and it’s available every week on the White Oaks Blog.

New Listing: 29 Hillcrest Road, San Carlos.

29 Hillcrest Road is my latest listing in San Carlos. This fabulous home has stunning views of the San Francisco Bay, and boasts a extremely functional layout.

The Streets of San Carlos.

What’s in a Name? You’ve undoubtedly noticed as you’re walking the streets of San Carlos — perhaps dropping your kids of at White Oaks School, taking the dog for an evening stroll, or just heading downtown for dinner — that the name of the street that you’re on is frequently …

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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New San Carlos Listing: 2211 Howard Avenue

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Spectacular Indoor and Outdoor Living.

I’m thrilled to announce my newest listing at 2211 Howard Avenue in the wonderful Oak Park neighborhood of San Carlos! In a market where buyers are constantly talking about indoor and outdoor living spaces, this home has something for everyone.

This 3 bedroom,  2 bathroom home exemplifies the open floor plan concept that is so appealing to today’s home buyers. The entry from the living room to the dining area, and from the dining area to the kitchen have been opened up completely with elegant, modern arched entries. The net result is that all of these area flow together seamlessly, making the house feel large and wide open.

The remodeled kitchen is also amazingly spacious and features expansive granite counters and stainless steel appliances, including a Viking gas range.

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The bedrooms are all generously sized and located close together in the same general area of the home, which is obviously a nice feature for families with smaller children. The master bedroom suite is quite large, and is nicely situated toward the rear of the home.

master-bedroom

But the magic of 2211 Howard is not just fabulous living area. Take one step through the French doors off the dining area, and you’ll be smitten by one of the most picturesque yards on the market today in San Carlos. The sprawling wood deck is easily big enough to handle your most demanding party, or simply a great place to enjoy dinner on a warm summer evening.

Beyond the deck, you’ll find a lush lawn area that’s adjacent to a fun play structure for the little feet in the family. There are even several raised vegetable beds that are ideal for the home gardener in the family. And note that all of the landscaping can be irrigated by your own private well, which is located in the detached studio at the back of the property.

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The back yard simply explodes in the colors of Spring, and you’ll look forward to spending every weekend in your own private oasis!

The aforementioned back studio is an ideal spot for an additional play room, a home office, or even an art room. Or for those of you who just need additional storage area, this fits the bill perfectly. It’s a rarity to find these bonus rooms in San Carlos, and it’s one of the very unique features of this property.

Want to See More?

2211 Howard Avenue is located in a fabulous part of San Carlos.  It’s only few blocks away from the award-winning San Carlos Schools, and it’s a quick jaunt over to Burton Park or to the bustling downtown shopping and dining district of San Carlos.

For the complete photo gallery of this great home, just click here:  2211 Howard Avenue Photo Gallery.

Finally, if you’d like to see this gem in person, stop by the open house this weekend on either Saturday or Sunday from 1-4 PM.  The pictures just cannot do this house justice! But either way, get in to see it soon before it’s gone!

 

 
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Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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: 4/18/2016.

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The Scoop.

Buyers and sellers were both very active last week in San Carlos. 6 more single-family listings jumped into the fray, only to be outpaced by the buyers who locked up 7 of the homes that were already on the market. The net result is that the inventory of single-family homes in San Carlos remained nearly unchanged from last week, and now sits at 21 homes for sale.

The inventory remains slightly weighted toward the higher end of the price range for San Carlos, with 57% of the homes for sale right now being listed at $2,000,000 or more. Regardless, from what I am sensing from talking to sellers and other agents, there is certainly more inventory coming over the next 45 days before the Spring real estate market slips into the summer slowdown, so buyers will certainly not be lacking options if they want to live in San Carlos.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 4/17/2016:

San Carlos Housing Data 4/17/16 Prior Week
Closed Sales for the Week: 5 1
Average Sold Price: $1,434,200 $1,150,000
Average $/Sq Foot (Sold) $970 $782
Average Sold as Percentage Of List Price: 112% 115%
Average DOM of Closed Sales 9 8
Total # of Homes Pending Sale: 22 20
No. of New Listings: 6 7
Total # of Active Listings: 21 22
Average Price of Active Listings: $2,183,934 $2,100,408
Average DOM of Active Listings: 21 23
Average $/Sq Foot (List) $899 $900
Active-Pending Ratio: 0.95 : 1 1.1 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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The San Carlos Real Estate Week in Review: 4/11/2016.

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The Scoop.

New listings were certainly the talk of the San Carlos real estate market this past week. For the second straight week 7 of them jumped into the market, which is much more of a normal number of new listings as we enter the final 60-day push of the Spring real estate period.

What’s interesting from the numbers below is that only one house went into contract all of last week. This is slightly peculiar since it’s not what one would expect to this this time of year, and it’s the prime reason why the inventory of homes for sale suddenly pushed up to 22 in just a matter of a week.

Part of this can be attributed to it being the last week of Spring break, and that many locals were simply out of town. And some of the obviously desirable homes are not taking offers until this week. So perhaps this is just a temporary dip, and homes will start to go into contract at much higher clip this week. But it’s something worth keeping a close eye on it.

Either way, look for a lot of activity in the coming weeks – both in new listings and hopefully sold homes. It’s that time of year again, after all.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 4/10/2016:

San Carlos Housing Data 4/10/16 Prior Week
Closed Sales for the Week: 1 3
Average Sold Price: $1,150,000 $1,641,667
Average $/Sq Foot (Sold) $782 $791
Average Sold as Percentage Of List Price: 115% 106%
Average DOM of Closed Sales 8 16
Total # of Homes Pending Sale: 20 20
No. of New Listings: 7 7
Total # of Active Listings: 22 17
Average Price of Active Listings: $2,100,408 $2,176,231
Average DOM of Active Listings: 23 25
Average $/Sq Foot (List) $900 $895
Active-Pending Ratio: 1.1 : 1 0.8 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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New Listing: 2504 Melendy Drive, San Carlos

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The Best of Both Worlds

When it comes to buying a home in San Carlos, you usually have to make a choice: Either you want a home with a large, flat back yard that’s perfect for entertaining and having a place for the kids to play. Or, you want a home with an incredible view. It’s usually one or the other, but rarely do you get both.  Until now.

If breathtaking views and a huge, flat back yard are high on your home buying list, then put my new listing at 2504 Melendy Drive at the top of your list of homes to see this weekend.

2504 Melendy Drive is a spacious, 2,580 square foot home that features 4 bedrooms and 3 full bathrooms. It’s situated on a huge, 11,780 square foot lot — much of which is a flat back yard with a lawn, wood deck, and aggregate concrete sitting area.

And the views? Yep, you get them too — breathtaking views of the South Bay can be had from the back deck, the kitchen, the living room and the dining room:

>>> Click Here to Read the Full Post
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Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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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Q1 2016: San Carlos Real Estate Market Recap.

Special Report

Fewer Homes, Higher Prices.

If you read nothing else in this post, those four words above succinctly describe the state of the San Carlos residential real estate as we close the books on the first quarter of 2016. As you will see from the charts and tables below, the market for single-family homes in San Carlos continues to ride a multi-year trend of declining listings, which is one of the primary factors behind the other multi-year trend – double digit increases in the price of these homes.

Ironically, the townhouse and condo market in San Carlos is having its most robust listing performance in the past 5 years.

Everyone seems to have an opinion as to why there are fewer homes going up for sale every year. Some feel that the hot tech economy has many homeowners gainfully employed, so they’re simply staying put. Others point to the fact that move-up buyers can’t move up in this hotly contested market, so they are remodeling instead of changing addresses. And finally, some sellers may be timing their exit from the area to coincide with the “top” of the real estate market.

If you have that crystal ball handy, please pass it around.

Listing Performance.

For the third straight year, the number of single family home listings has declined significantly in the first quarter. The 57 listings that registered in Q1 represent a 16% drop from just last year, and a 25% decline from just two years ago. That hurts.

As I mentioned above, condos and townhouses managed to buck the trend, registering a 28% gain in listings since last year. For those of us who are big-picture people, here’s a look at those numbers:

New Listings YTD All - Q1

With fewer homes to choose from, the psyche (and the pocketbook) of potential home buyers has taken a serious hit. Just like this time last year, buyers are being forced to be less patient with their decision to buy, and more aggressive with their offers.

>>> Click Here to Read the Full Post
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Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing 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: 4/4/2016.

April

The Scoop.

The San Carlos real estate market snapped back into its normal Spring form this week after the Easter break. There were seven new single family home listings to hit the market, but even with the surge of listing activity the inventory of single family homes to choose from in San Carlos is still sitting at only at 17 as of this morning. That’s because five homes went into contract during the same period. Interestingly, two of the five sold within the first three days of being on the market. That means there’s lots of activity, but still no inventory is being established.

For the third straight week, we will be dealing with some form of Spring break. This time it’s the local public schools that will be off for the week, so we will have to see if it has a negative effect on the market activity, since many San Carlos families will ducking out of town for the week.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 4/3/2016:

San Carlos Housing Data 4/3/16 Prior Week
Closed Sales for the Week: 3 1
Average Sold Price: $1,641,667 $1,510,000
Average $/Sq Foot (Sold) $791 $1,228
Average Sold as Percentage Of List Price: 106% 117%
Average DOM of Closed Sales 16 12
Total # of Homes Pending Sale: 20 17
No. of New Listings: 7 1
Total # of Active Listings: 17 14
Average Price of Active Listings: $2,176,231 $2,203,280
Average DOM of Active Listings: 25 27
Average $/Sq Foot (List) $895 $839
Active-Pending Ratio: 0.8 : 1 0.8 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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New Listing: 29 Hillcrest Road, San Carlos.

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Spectacular Bay Views.

I am pleased to announce my latest listing that will debut on the market this weekend — 29 Hillcrest Road in San Carlos.  One of the many great things about San Carlos is that certain streets in the city afford you some of the most amazing views of the San Francisco Bay of any place along the Peninsula. Hillcrest Road is one of those special streets.

The views from the back or 29 Hillcrest are absolutely sublime. You get a completely unobstructed panoramic view that starts with the San Francisco skyline, and extends all the way past San Jose and toward the Santa Cruz Mountains.  It’s simply that good.  Here are a few great pictures that still don’t quite do it justice:

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But the views alone are not what make this house special. Custom-built only 17 years ago, this home was very thoughtfully planned to include the amenities that many home buyers are really looking for today:

  • 4 bedrooms, including a spacious master suite.
  • 2 full bathrooms, with an additional 1/2 bath.
  • Formal living room and dining room.
  • Updated kitchen with granite counters and hardwood floors.

The layout of this home was well designed too. All four bedrooms are on the same level together, and can easily be configured as a home office, nursery, or a hobby area. This is an ideal set-up for parents with small children that want the bedrooms in close proximity.

And speaking of bedrooms, yes – the master suite also gets those fabulous views:

master-bedroom

The location of this home is excellent as well. It’s only a short hop to the thriving San Carlos downtown shopping and dining district and the Caltrain station. According to the respective school websites, 29 Hillcrest Road falls within the Arundel Elementary, Tierra Linda Middle, and Carlmont High School boundaries, which is the high on many home buyer’s list. Of course, you need to verify the enrollment and boundaries for yourself 😉

Want to See More?

As I do with all of my listings, you are able to take an interactive 3D tour throughout 29 Hillcrest Road by using the Matterport Scan below.  Simply click on the screen, and let your keyboard arrows or mouse guide you through the home:

For a full gallery of the color photos click here:   29 Hillcrest Road Photo Gallery

Open House.

29 Hillcrest Road will be open this weekend from 1:00 – 4:00PM on both Saturday and Sunday. You have to see this home to truly appreciate what it has to offer. Be sure to stop by and check it out!
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
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The San Carlos Real Estate Week in Review: 3/28/2016.

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The Scoop.

The Easter weekend had the expected dampening effect on new listings in San Carlos. Only one new home tested the market last week, since most home sellers wisely avoid Easter Sunday as their debut to the market. I fully expect that the pace of new listings will pick up considerably this week, especially the latter part leading into the open house weekend.

Home buyers were not deterred by the holiday weekend, however. Six homes went into contract last week, thus dropping our inventory back down to the mid-teens. Interestingly, two of these listings required reductions from their original list price in order to sell. This has become a more common occurrence in San Carlos the past few weeks, and it’s indicative of a market that is a bit more fickle and choosy than perhaps it was at this time last year. It will be interesting to see if this trend continues now that we are in the thick of the Spring market.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the 7-day period ending Sunday 3/27/2016:

San Carlos Housing Data 3/27/16 Prior Week
Closed Sales for the Week: 1 3
Average Sold Price: $1,510,000 $1,568,333
Average $/Sq Foot (Sold) $1,228 $891
Average Sold as Percentage Of List Price: 117% 103%
Average DOM of Closed Sales 12 6
Total # of Homes Pending Sale: 17 12
No. of New Listings: 1 6
Total # of Active Listings: 14 20
Average Price of Active Listings: $2,203,280 $2,023,299
Average DOM of Active Listings: 27 18
Average $/Sq Foot (List) $839 $844
Active-Pending Ratio: 0.8 : 1 1.7 : 1

>>> Click Here to Read the Full Post
_____________________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

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Chuck’s Recent Sales

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I've helped over 50 families make their next move in the City of San Carlos, and many more in the surrounding communities. Click the link below to see a list of all the homes that I have helped my clients buy or sell!

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