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The San Carlos Real Estate Week in Review: 5/2/2016.

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.

New Listing: 2504 Melendy Drive, San Carlos

2504 Melendy Drive is the latest fabulous San Carlos listing featured by Chuck Gillooley of Dwell Realtors. It features 4BR/3BA, an amazing flat back yard with lawn and deck areas, and breathtaking views of the South Bay.

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 2015 Year in Review: Part III

part 3

Another year has drawn to a close in the San Carlos residential real estate market, and like every year in the past decade, there are lots of numbers to look at and lots of stories to tell. In this multi-part series on the White Oaks Blog, we’ll take an in-depth look at some of those numbers and stories that drove our local market in 2015.

In Part II yesterday, we discussed how the record low level of new listings in San Carlos was a major factor in driving the average home sale price to record heights in 2015. In our final installment below, we’ll take a look at what’s potentially in store for the San Carlos real estate market in 2016.

More of the Same?

One of the wonderful things that happens every January is that we get to look ahead and try to *predict* what’s going to happen to the real estate market in the coming year. Nobody that I know in this business (myself included) predicted that the average price of a single-family home in San Carlos would experience double-digit growth for 4 consecutive years starting in 2011, and that by 2016 the average price for a home in San Carlos would top $1.6M. It seems that every year we think the market is going to level off a bit, it storms out of the gates in January and blows the lid off of everyone’s expectations.

So what will happen in 2016 if prices continue to grow at the same rate they did in 2015?  Well, try this on for size:

  • The average price for a home in San Carlos would then be about $1,920,457.
  • The average price for a 3BR home (the staple of the San Carlos housing inventory) anywhere in San Carlos will hit $1,689,514.
  • The average price of a condo or townhouse in San Carlos would then top $1,055,000.

Whoa…

So, is that going to happen in 2016? I’ve learned my lesson to not make bold predictions either way in this market, but here are some of the key influences that will come into play in the new year.

Market Influences in 2016.

2016 will be unique from past years because some of the underlying forces that directly influence the market are changing.  It will be interesting to see what impact, if any, these have on our local micro-real estate market.  Here are a few:

  1. Interest Rates.   For the first time in a decade, the Federal Reserve has actually raised the prime lending rate incrementally, and left the door open to doing it again in 2016 if necessary. What has been the impact so far? Almost negligible. The mortgage interest rates took a temporary blip upward shortly after the announcement, but they settled right back down to the same level shortly thereafter. The impact of future increases will be more significant for those home buyers who are borrowing the full 80% of their purchase.  But for now, it’s business as usual.
  2. Technology Job Market.  San Carlos is just like other communities along the Peninsula in that many of its residents are either directly or indirectly involved in technology and biotech careers. As those job markets go, so follows the real estate market locally. It appears that the big companies such as Google, Facebook, LinkedIn, Genentech, and Gilead still have far more job openings than they do candidates. What you may see happen in 2016 is the normal Darwin effect on startups as they go back for subsequent rounds of financing. Just like any other technology boom, not all of these companies will make it to the top, and I believe this is the year you may see some startups either get absorbed, or simply not make the next cut. That may trim the buyer pool slightly.
  3. China. It has been well documented how much of an impact foreign investment has had in the past 5 years on the local real estate market. But only a few communities truly reaped a direct benefit from this — Palo Alto, Atherton, Woodside, and Hillsborough to name a few. People often incorrectly link the flow of foreign investment to the San Carlos real estate market, but that’s a stretch. San Carlos is what I refer to as “the upper-middle working class of Silicon Valley”.  The typical make-up of a San Carlos home is two incomes, usually at least one directly involved in technology.  It’s not a community where foreign investors are looking to park their money, often buying up property sight-unseen.  So as this flow of foreign investment money slowed significantly last year and was felt hard in the expensive neighborhoods, it had no effect on our local market. That’s simply not where our buyer pool comes from. However, if a slowing economy in China indicative of a broader technology slowdown (point #2 above)…that’s a much different story.
  4. Election Year. I hear a lot of talk about how Presidential election years serve to temper the real estate market. I don’t buy it. Just look at the chart in Part I of this series, and you’ll see that the Presidential election of 2012 had no impact on the meteoric growth in the market.
  5. Stock Market. The funds that most home buyers will use to purchase a home this coming year– whether it’s the down payment or the entire payment — is currently held as some sort of equity while they look to find the right home. A significant swing either way in the stock market will indeed have a direct impact on their buying power, and so far in 2016 the market has been quite volatile in just the first few trading sessions. This could come into significant play in 2016.

So what’s in store for the San Carlos housing market in 2016? Unfortunately for prospective buyers, I think prices will continue to rise. There just hasn’t been enough change in the forces that shaped the 2015 housing market to dictate a leveling off or even a downturn in housing prices. How much the market will grow is anyone’s guess, and it will be largely on the back of the buying population to determine how much is ultimately too much.

Stay tuned to the White Oaks Blog in 2016 as we track and analyze the market every week. In this market, being informed is being armed.

 
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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 2015 Year in Review: Part II

Part II

Another year has drawn to a close in the San Carlos residential real estate market, and like every year in the past decade, there are lots of numbers to look at and lots of stories to tell. In this multi-part series on the White Oaks Blog, we’ll take an in-depth look at some of those numbers and stories that drove our local market in 2015.

In Part I yesterday, we took a close look at the record-shattering average sales prices that were achieved in 2015. In Part II below, we’ll investigate one of the key factors behind this continued meteoric climb in home prices.

Inventory.

If there was one pervasive characteristic to the real estate market in San Carlos last year (aside from high prices) it was that there never seemed to be that much inventory to choose from, and whatever inventory there was sure didn’t seem to stay on the market very long. That wasn’t just your imagination – the numbers definitely back up that perception.

The first chart below shows a side-by-side view of the number of new listings for all units (single family residences and condos/townhomes) that were put on the market San Carlos in 2015, and compares it to the past 7 years:

 

New Listings in San Carlos

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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 2015 Year in Review: Part I

report

Another year has drawn to a close in the San Carlos residential real estate market, and like every year in the past decade, there are lots of numbers to look at and lots of stories to tell. In this multi-part series on the White Oaks Blog, we’ll take an in-depth look at some of those numbers and stories that drove our local market in 2015.

In part I below, we’ll take a look at the record sales prices that were set for single-family residences, townhouses, and condos in San Carlos in 2015.

Record Home Prices.

After several years of seemingly unabated growth in home sales prices, 2015 actually started out with some skepticism that this growth could continue. Many agents and home buyers wondered how the market could sustain the double-digit growth and not price itself completely out of the reach of the very buyers who were trying to get in. Well, that skepticism was dashed pretty early on in 2015 as prices continued to climb at an alarming rate, fueled by historically low interest rates, a booming stock market, and historically low levels of home inventory. The stage was set early on for yet another record breaking year.

The first chart below shows a side-by-side view of the average sales price for all units (single family residences and condos/townhomes) sold in San Carlos in 2015:

 

San Carlos Average Sales Prices

San Carlos Average Sales Prices

 
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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: 1/4/2016.

2016 Calendar

The Scoop.

Happy New Year San Carlos! I hope everyone had a safe and memorable holiday season. 2015 was record year in many areas – housing climbed to its highest level on record, while gas prices dropped to their lowest levels in a decade. Interest rates stayed at rock-bottom levels for what could be the last year for awhile.

The San Carlos housing market set all kinds of records too — some high, and some low. We will cover these in detail this week on the blog in a series of articles that will dig a little deeper into a few of these key areas. Suffice it to say that it was another chart-popping year.

Here’s the first update of 2016:

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 1/4/2016:

San Carlos Housing Data 1/4/16 Prior Week
Closed Sales for the Week: 2 4
Average Sold Price: $1,750,000 $1,697,500
Average $/Sq Foot (Sold) $944 $1,054
Average Sold as Percentage Of List Price: 96% 103%
Average DOM of Closed Sales 32 10
No. of Homes Pending Sale: 15 17
No. of New Listings: 0 0
Total # of Active Listings: 2 2
Average Price of Active Listings: $1,449,500 $1,449,500
Average DOM of Active Listings: 30 23
Average $/Sq Foot (List) $468 $468
Active-Pending Ratio: 0.13 : 1 0.12 : 1

>>> 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: 12-27-15.

Happy-New-Year-2016

The Scoop.

It’s almost hard to believe, but we’re heading into the the last week of what has been a truly remarkable 2015 in the world of real estate in San Carlos. Over the course of the next 2 weeks, we will look in depth into a few of the forces and key statistics that played crucial roles in pushing the market to new heights (and new lows in some cases) in 2015.

On the subject of new lows, there has been a literal “house cleaning” of the available inventory of homes for sale in San Carlos this past week. Entering today, there are only 2 homes for sale in the entire city —  including townhouses and condos — which is easily the lowest number in the entire year. But home buyers should take solace in the fact that the market in 2016 should charge right of the gates early in January.

Have a safe and happy New Year’s celebration!  Here’s the last recap of 2015:

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 12-27-2015:

San Carlos Housing Data 12-27-15 Prior Week
Closed Sales for the Week: 4 5
Average Sold Price: $1,697,500 $1,790,000
Average $/Sq Foot (Sold) $1,054 $864
Average Sold as Percentage Of List Price: 103% 101%
Average DOM of Closed Sales 10 24
No. of Homes Pending Sale: 17 17
No. of New Listings: 0 0
Total # of Active Listings: 2 5
Average Price of Active Listings: $1,449,500 $1,477,000
Average DOM of Active Listings: 23 11
Average $/Sq Foot (List) $468 $644
Active-Pending Ratio: 0.12 : 1 0.29 : 1

>>> 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: 12-20-15.

christmas-2015-calendar

The Scoop.

The activity in the local real estate market dropped noticeably as we head into the last two weeks of 2015.  There were no new listings of any kind in San Carlos, and the inventory of single family homes has been depleted to a total of five — and that will drop to four very soon when 2525 Nanette Drive goes pending this week.

The big news last week was that the Federal Reserve decided to inch up interest rates for the first time in nearly a decade. They have also left the door open to future incremental increases in the base rate over the next several years. It remains to be seen what effect, if any, this policy change will have on the local real estate market. The real estate market in the bay area seems to work under a different set of rules, and often simply shrugs off policy changes such as this.

Enjoy your Christmas holiday!  Here’s the recap from last week:

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 12-20-2015:

San Carlos Housing Data 12-20-15 Prior Week
Closed Sales for the Week: 5 4
Average Sold Price: $1,790,000 $1,795,000
Average $/Sq Foot (Sold) $864 $944
Average Sold as Percentage Of List Price: 101% 108%
Average DOM of Closed Sales 24 15
No. of Homes Pending Sale: 17 19
No. of New Listings: 0 7
Total # of Active Listings: 5 9
Average Price of Active Listings: $1,477,000 $1,503,222
Average DOM of Active Listings: 11 8
Average $/Sq Foot (List) $644 $764
Active-Pending Ratio: 0.29 : 1 0.47 : 1

>>> 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 White Oaks Neighborhood Watch Bulletin: 12-16-2015

December 17, 2015 Living in San Carlos No Comments
City of San Mateo Neighborhood Watch

The White Oaks Neighborhood Watch

Thanks to a relentless and dedicated group of residents, the White Oaks neighborhood now has probably the most efficient and organized Neighborhood Watch groups in all of San Carlos. Several years ago, they took the initiative to reach out to local law enforcement and work closely together to create what is now the prototype for neighborhood watch groups throughout San Carlos. The White Oaks group acts not only as a tremendously valuable set of eyes and ears for local law enforcement, but also as a very effective liaison between the local community and our first responders. You need to look no further than the ever-popular ice cream social, which has been hosted by the White Oaks Neighborhood Watch for the past several years on National Night Out, to see how effective this has become.

There’s probably not a single resident who has put in more sweat equity to create this organization and keep it running smoothly than White Oaks neighbor Ken Castle. It’s mostly due to Ken’s dogged perseverance over the past few years that the Neighborhood Watch has evolved from just an idea to the well-oiled organization that it is today.

On top of all of his other Watch duties (and life and work), Ken takes the time to pen a very informative Neighborhood Watch Bulletin, which he distributes via email. To help ensure that these valuable bulletins are seen by residents who may not be on his distribution list, I will now be re-posting Ken’s updates on the White Oaks Blog as soon as they become available. Thanks Ken, for all that you do to keep our neighborhood safer!

Here is the White Oaks Neighborhood Watch Bulletin from December 16, 2015 in its entirety:

WHITE OAKS NEIGHBORHOOD WATCH BULLETIN

Dec. 16, 2015

In this bulletin:

Prowlers, Burglaries Raise Concerns
Beware of Porch Pirates During Holidays
City Plan for “Traffic Calming” on St. Francis Includes Speed Humps

BURGLARS TARGET RESIDENTIAL CONSTRUCTION SITES;
RESIDENT SURPRISES BACKYARD PROWLER

If you’re planning a major home renovation project, such as adding rooms, a second floor or a new roof, you should be aware that you and your contractor may be targeted by thieves who comb the neighborhood looking for tools to swipe.  The San Carlos Bureau of the San Mateo County Sheriff’s Office says there is an uptick of burglaries involving unoccupied homes under construction, not only here but throughout the Bay Area. Of course, we all know that renovations in White Oaks, including replacement homes, constitute a major activity here.

Sheriff’s deputies and police recently made arrests involving a crew of thieves operating out of the Bayview District of San Francisco.  The arrests stemmed from a recent construction site burglary on Colton Avenue, here in White Oaks, during which a neighbor on nearby Park Avenue observed a suspicious truck and called in a description to police.  Deputies combed the neighborhood and also retrieved surveillance video of the suspects, along with a partial license plate of the vehicle.

According to Sgt. Steve Pettit of the San Carlos Patrol Bureau, the truck owner was identified and a watch was set up in San Mateo County.  It wasn’t long before the crew was back in the area, and this time they were busted at a site in Belmont.  Their truck contained various stolen goods, and taken into custody was a 57-year-old woman, who had served prison time and was currently on parole, and her daughter who was helping her with the heists.

Sgt. Pettit said the work site burglaries, contrary to other types of home break-ins, usually occur in the wee hours of the morning between 1 a.m. and 4 a.m.  The would-be thieves often case the area during the day to identify objects of value, which can be power tools such as saws and drills, portable generators, and other materials.  Since most of these items have no serial numbers, they are usually untraceable and are often fenced through large flea markets such as those in Oakland and San Jose, he said. Contractors have installed fencing with padlocked gates, along with portable video surveillance cameras, but have still been getting ripped off.

In contrast to construction site burglaries, the conventional break-ins are usually during the day, when the perpetrators look for homes that are unoccupied.  One of the favorite strategies is for the burglars to drive around, sizing up prospective targets, and then drop off one individual to ring doorbells.  If there is no answer, the thief gains entry through a back door or window, spends three to five minutes in the home collecting jewelry and other small valuables, and then sends a cell phone text message to the driver for a pick-up.  Usually, these crooks are not trying to steal large objects such as big-screen TVs or other electronics, which take more time and would likely raise suspicion among neighbors.  Also, they tend not to be armed with guns or knives, so if they are caught there are no additional charges for carrying weapons.

Just last week, on Dec. 9, a homeowner on the 200 block of Alberta, also here in White Oaks, called police when he saw a man lurking in his back yard around lunch time.  He ran after the suspect but lost him, and the prowler also managed to elude deputies who conducted an extensive search of the neighborhood, going door to door. One witness reported seeing an older model gold van with a white front end drive away quickly before officers arrived.

Sgt. Pettit notes there are two things that contribute to the environment for these burglaries:
(1) suspects who are caught and prosecuted rarely spend much time in jail and are soon back out on the street, and (2) neighbors often see something strange but fail to call police.

PORCH PIRATES ON THE RISE;
DON’T LEAVE PACKAGES ON YOUR DOORSTEP

With the holiday season underway, thieves are just waiting for the opportunity to snatch that Keurig Coffee Maker, notebook PC or any other large box that is left at your front door.  They routinely follow delivery trucks from FedEx, UPS and other companies, and when they see something sizeable dropped off, they scoop it up as soon as the truck is gone.  Even though some of the delivery firms have mounted video cameras in the back of their vehicles to track followers, and even though law enforcement agencies have done stakeouts, the thieves seem to elude capture.

Keep in mind  that once a package is left at your home, if the shipping company delivers the package the way you paid for it, you have no recourse against the vendor or the delivery firm if it is stolen; the loss is on you.  Sometimes homeowners don’t know a package a missing until days or weeks after it was shipped.  Recently, surveillance videos of porch pirates have been all over the TV news, and what’s apparent is that women are often the culprits.

Here are some ways to avoid these rip-offs:

Send large parcels to your workplace or office instead of your home.
Specify to the vendor when ordering that it should be delivered on a day when you are home, such as Saturday.
If you have the package shipped through the U.S. Postal Service, you can designate delivery to your local Post Office to hold it for you to pick up.
If the package is being sent via FedEx or UPS, get a tracking number so that you can follow its progress on-line.
If you are not likely to be home, have your package delivered to a neighbor or friend and require the delivery company to get a signature from someone there.
Install a video surveillance or doorbell-triggered camera to capture any suspicious activity on your porch and in front of your house.
Use alternative services such as firms that will deliver at a specified time, or lockers provided by companies such as 7-Eleven and Swapbox (a San Francisco based start-up).  Amazon is also introducing lockers and has just installed a large package collection center for students at UC Berkeley.

BIG CHANGES COMING TO SLOW DOWN TRAFFIC ON ST. FRANCIS –
‘SPEED HUMPS,’ “BULB-OUTS,” PARKING RESTRICTIONS AND A TRAFFIC CIRCLE

The City of San Carlos is well aware of resident complaints about vehicles speeding along St. Francis Way, which becomes a major thoroughfare during commute hours.  Parents escorting their children to school, or people out for a jog or dog-walking, are among those who have voiced concern about the extent and pace of traffic.

So, the Transportation and Circulation Commission, which is appointed by the City Council, is on the verge of launching a series of “Traffic Calming” improvements on St. Francis between El Camino and Alameda de las Pulgas.  While the phrase sounds like something out of a mental health prescription, the city intends to implement temporary structures to see if they are successful in getting motorists to slow down.  Strangely enough, to the concern of some residents and commissioners, adding more stop signs is NOT one of the proposed solutions.

Here are the measures that are on tap for implementation:

On St. Francis at Walnut Street, install two intersection curb “bulb-outs” on the eastern corners with a “surface mounted delineator” and 50 feet of red curb to prohibit parking.
On the stretch of St. Francis between Elm Street and Chestnut Street, install two surface-mounted Speed Humps.  These would be temporary, gradually-sloped structures that are not as damaging or jarring as more traditional speed bumps.
At Cedar Street, a major route for children walking to White Oaks Elementary School, the city would hire a flagman and share the cost with the school district.
At Park Avenue and St. Francis, there would be temporary medians on St. Francis at both sides of Park, with what is called a “delineator.”
At Emerald Avenue intersection, there would be a traffic circle or mini-roundabout with delineators.

There were concerns expressed by several residents at the Oct. 20 meeting of the Commission, among them:

Speed bumps may be effective for non-resident traffic, but White Oaks residents may simply choose to avoid them – and the frequent punishment on the suspension systems of their vehicles – by driving alternative routes.  I share that view.  I will avoid those bumps by taking a different route to El Camino, and if others follow suit then this will simply move the traffic problem from St. Francis to other — and formerly quieter — streets.  In other words, our problem may now be YOUR problem if you thought you were off the beaten path.
St. Francis, as we all know, is a major avenue for emergency vehicles such as fire engines and ambulances.  Some people worried that the bumps, island and bulb-outs could impede the progress of first responders.
Red painted parking restriction areas could create inconveniences for some homeowners by prohibiting them and their guests from parking in front of their homes.
The City estimates that permanent solutions to the St. Francis traffic issue may cost on the order of $500,000.

The Commission ultimately voted to proceed with the temporary solutions and to constantly evaluate their effectiveness with before and after traffic studies.  Although the intent was to have these facilities installed by the end of this year, some commissioners suggested that the city wait until after the holidays.

Note: If you would like to read the city’s Traffic Calming Study and staff report, including the photos and graphics showing the various structures and their intended locations, you can download the PDF files on-line from the city website by clicking on this link:

http://www.epackets.net/sirepub/agdocs.aspx?doctype=agenda&itemid=43571

That’s it for now folks. Stay alert, report suspicious activity and have a nice holiday! – Ken Castle

_____________________________________________________________________________

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: 12-13-15.

calendar24

The Scoop.

The needled barely budged last week compared to the week prior in San Carlos, which is to be expected in a slower time of the real estate year. Inventory remains very lean, with only 9 single-family homes still on the market — and that number will likely drop this week as several of the homes on the market will be taking offers. And if you’re looking for a condo or townhouse in San Carlos, you’re going to have to be even more patient, since there is only one unit for sale in the entire city.

The four homes that sold last week fetched an impressive $944/square foot, which shows that pricing has remained solid even in the waning months of the year. It will be interesting to see if the Federal Reserve decides to raise interest rates this week, and what effect it will have on our local market.

Here’s the recap from last week:

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 12-13-2015:

San Carlos Housing Data 12-13-15 Prior Week
Closed Sales for the Week: 4 4
Average Sold Price: $1,795,000 $1,603,250
Average $/Sq Foot (Sold) $944 $876
Average Sold as Percentage Of List Price: 108% 103%
Average DOM of Closed Sales 15 13
No. of Homes Pending Sale: 19 18
No. of New Listings: 4 7
Total # of Active Listings: 9 10
Average Price of Active Listings: $1,503,222 $1,563,600
Average DOM of Active Listings: 8 23
Average $/Sq Foot (List) $764 $773
Active-Pending Ratio: 0.47 : 1 0.56 : 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.
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