free hit counter

The San Carlos Real Estate Week in Review: 5/30/2016.

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 …

Recent Articles:

City of San Carlos Moves to Limit Chain Stores Downtown.

Plantation

That Laurel Street Feel.

In the 26 years that I have lived in San Carlos, I have watched our downtown evolve from a sleepy collection of Mom & Pop stores that closed up promptly at 5:00, to a bustling center of eclectic shops and restaurants that pack in shoppers and diners from all over the peninsula. But throughout that gradual transformation, the downtown has always kept a “home-spun” feel to it.  With the exception of the obligatory big-name coffee shops that proliferate every downtown, Laurel Street has always kept that vibe of “one-up” type of stores, many of which are indeed owned and operated by local families.

Like many residents of San Carlos, I simply assumed that the decidedly anti-chain feel of Laurel Street was the result of some sort of top-secret City mandate that prevented big, nationwide chain stores from setting up shop on Laurel Street. For as long as I can remember, there have always been rumors about name-brand stores snatching up the rare vacancies that cropped up along the north stretch of Laurel Street.  Apple Store, anyone?  How about the Restoration Hardware rumor?  Yep, you’ve heard them too.

But they’ve never materialized.

I was quite surprised when I contacted my sources in City Hall a few months back while researching information about the Wheeler Plaza project to discover that there actually isn’t anything in the municipal code that prevents the big boys from grabbing a Laurel Street address. Quite to contrary, the City could really only dictate what type of function a particular location could be used for, but not necessarily who could open up there.

As it turns out, the people most responsible for maintaining the charm of downtown San Carlos are the landlords – the handful of owners of the buildings who rent the space to all of our favorite stores. For many years, they’ve simply opted to keep the feel of Laurel Street very much the same as it has always been, even throughout the rapid transformation of the last decade.

But that may now change.

Change on the Horizon.

As we have known for a few years, the landscape of Laurel Street is going to change…dramatically. Groundbreaking for the mammoth Wheeler Plaza project is just around the corner and that will completely transform the look and feel of the popular north stretch of Laurel.

But more recently, and much less publicized event took place that fostered a whole new round of rumors, and prompted one city leader to take action. The property at 652 Laurel Street, which has housed local favorites such as Plantation Coffee Roastery and Taqueria Mi Ranchito, has been sold to a developer and they’ve given the current tenants the boot. This has once again stirred up the rumor mill that chain stores would soon start creeping onto Laurel Street.

With very little formal power to review or limit which businesses could ultimately open up in the downtown area, Vice Mayor Cameron Johnson introduced an urgent measure to the City Council which would require chain stores to obtain a conditional use permit before opening up. This would give residents a vehicle to have their voices heard by community leaders before permission would be formally given for a business to open up. The ordinance would be in effect for the next 45 days, which buys the City time to implement permanent zoning measures.  The ordinance was passed at the most recent City Council Meeting.

There are two very good articles written by Bill Silverfarb of the Daily Journal which discuss this issue in much greater detail. You can access them by clicking here and here.

Does this mean that there will be chain stores coming soon to San Carlos? Or should there be? Only time will tell — but at least now residents will have a say in that decision.
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

San Carlos Greater East Side to Get Parking Relief.

Permit Parking

Pilot Permit Program.

The City of San Carlos formally announced yesterday a pilot permit parking program for the section of Greater East Side of San Carlos south of Holly Street that will require a permit to park on any public street for longer than 2 hours at a time. This program is intended to curb the use of day-long free street parking in this neighborhood by Caltrain commuters, local business employees, and people who don’t live in the neighborhood but are taking advantage of free parking.

Like most of the downtown neighborhoods in San Carlos, street parking is already quite limited for residents in the Greater East Side because of the density of housing. And since many of the older homes only have a single-car garage, it puts street parking at a premium for residents with more than one car.

The pilot portion of the program officially commences on December 14 and will be in effect for all of 2016, with parking enforcement happening immediately thereafter.  If the program is deemed successful, it may be moved to permanent status after the pilot program is completed.

Here is the press release from the City of San Carlos in its entirety:

SAN CARLOS, CA – November 30, 2015 – The City of San Carlos will commence its pilot Residential Parking Permit program on December 14, 2015 for the Greater East San Carlos neighborhood south of Holly Street. This program is designed to provide preferential use of on-street parking to local businesses and residents and restrict weekday long-term parking by those from outside the neighborhood.

The Residential Parking Zone includes Bayport Court, Bayport Avenue, McCue Avenue, Montgomery Street, Cherry Street and Hall Street between Old County Road and Industrial Road. For vehicles without a residential parking permit, parking is limited to two hours between the hours 7:00 a.m. to 7:00 p.m., Monday through Friday, except holidays.

The Business Parking Zone includes Old County Road from Holly Street to Terminal Way and East San Carlos Avenue from Old County Road to Industrial Road. For vehicles without a business parking permit, parking is limited to two hours between the hours 7:00 a.m. to 5:00 p.m., Monday through Friday, except holidays.

Commuters taking CalTrain are encouraged to park in the CalTrain (SamTrans) parking lot located at El Camino Real and San Carlos Avenue. Please visit the CalTrain parking webpage at www.caltrain.com for more information. Daily and monthly parking options are available.

Enforcement of the new parking restrictions will begin on December 14, 2015, at which time permits will be required for parking beyond two hours in the designated area. Signs will be posted indicating restricted parking areas. Residents, employers and employees in the Pilot Program Area can apply online.

The pilot program will be in effect for all of 2016, and if successful, may be renewed on a permanent basis. Residential and business permit applications, a map of the pilot program area and additional information on this program can be found at  www.cityofsancarlos.org/residentialparkingpermit or by calling Kristen Elderson in the City Manager’s Office at (650) 802-4204.

 
_____________________________________________________________________________

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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 11-29-15.

calendar10

The Scoop.

Thanksgiving week is now over, and we are heading into the final month of 2015. It was predictably slow last week due to the holiday, and the numbers reflect that below. For the second straight week there were no new listings to hit the market in San Carlos, so the inventory of single-family homes for sale has now dropped to six, easily one of the lowest levels of the year for either. And with an average DOM of 54 days, these homes aren’t exactly fresh on the market, either. The townhouse and condo market isn’t faring much better, a there’s only a single unit on the market in the entire city.

Inventory levels should stay fairly low for the duration of 2015. Traditionally, most home sellers will not opt to test the market in December unless they absolutely need to sell. They will wait to list until early January after the completion of the holidays when home buyers are fully focused again on finding a home. We’ll know for certain very soon whether that trend will hold true for this year too, but I don’t expect a huge deviation from what you see right now.

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 11-29-2015:

San Carlos Housing Data 11-29-15 Prior Week
Closed Sales for the Week: 2 5
Average Sold Price: $1,455,000 $1,654,600
Average $/Sq Foot (Sold) $1,124 $736
Average Sold as Percentage Of List Price: 120% 116%
Average DOM of Closed Sales 7 12
No. of Homes Pending Sale: 21 20
No. of New Listings: 0 0
Total # of Active Listings: 6 9
Average Price of Active Listings: $1,730,667 $1,540,333
Average DOM of Active Listings: 54 36
Average $/Sq Foot (List) $853 $909
Active-Pending Ratio: 0.29 : 1 0.45 : 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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 11-22-15.

Thanksgiving calendar

The Scoop.

It’s easy to tell that we are sliding into the holiday season, because the activity level dropped of significantly in just one week. There was not a single new single family residence listing nor a new condo or townhouse new listing in all of San Carlos. That hasn’t happened in many weeks, but it’s not that uncommon to see as we approach the Thanksgiving holiday. In fact, some home sellers will opt to pull their home off the market this week to allow them to enjoy the holiday season without having to keep their home in “show” condition 24/7.

The inventory numbers certainly reflect this pull-back. As of this morning, there are only 9 single-family homes and 4 townhouse/condos for sale in the entire city. And that number will drop again before it increases, since a few of these listings are expecting offers this week. If nothing else, that gives weary home buyers a chance to take a break and enjoy the holiday week.  On that note, Happy Thanksgiving to everyone, and may you have a safe and enjoyable weekend!

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 11-22-2015:

San Carlos Housing Data 11-22-15 Prior Week
Closed Sales for the Week: 5 6
Average Sold Price: $1,654,600 $1,932,083
Average $/Sq Foot (Sold) $736 $883
Average Sold as Percentage Of List Price: 116% 112%
Average DOM of Closed Sales 12 14
No. of Homes Pending Sale: 20 20
No. of New Listings: 0 6
Total # of Active Listings: 9 14
Average Price of Active Listings: $1,540,333 $1,566,706
Average DOM of Active Listings: 36 24
Average $/Sq Foot (List) $909 $900
Active-Pending Ratio: 0.45 : 1 0.70 : 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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 11-15-15.

calendar2

The Scoop.

The real estate activity in San Carlos last week was about as brisk as the weather. Not surprisingly, there were six new listings to enter the market, which puts them in a perfect position to have one or two open house weekends and still get into contract before the Thanksgiving holiday.

Any hopes of home prices starting to soften will probably be dashed when you take a glance at the numbers below.  There was a $3M and a $2M closing in the very same week – and we’re in November, which is usually one of the slower months. But the six new listings bumped the inventory up to 14 total homes for sale, and there’s something to see in just about every price range. It will be interesting to see how many more sellers test the market early this week before we get too close to the Thanksgiving break.

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 11-15-2015:

San Carlos Housing Data 11-15-15 Prior Week
Closed Sales for the Week: 6 3
Average Sold Price: $1,932,083 $1,444,333
Average $/Sq Foot (Sold) $883 $869
Average Sold as Percentage Of List Price: 112% 109%
Average DOM of Closed Sales 14 13
No. of Homes Pending Sale: 20 23
No. of New Listings: 6 3
Total # of Active Listings: 14 11
Average Price of Active Listings: $1,566,706 $1,910,616
Average DOM of Active Listings: 24 28
Average $/Sq Foot (List) $900 $897
Active-Pending Ratio: 0.70 : 1 0.48 : 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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 11-8-15.

calendar23

The Scoop.

The rain seems to have returned to San Carlos (a very good thing), but that has not seemed to put a damper on the Fall real estate market. 5 new listings tested the market last week, obviously trying to get into contract before the Thanksgiving break in about 2.5 weeks. The 5 homes that went into contract kept the inventory at 11, which is exactly where we were at this time last week.

Pricing continues be strong in this market, even as we head into the end of the year.  Several of those 5 homes that went pending last week got prices significantly higher than their respective list prices, so while the market may have backed off a tad from the white-hot pace of the Spring, it’s clear that it has not leveled off to the degree that we are seeing in some other communities. Buyers are definitely still paying significant premiums for the right homes.

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 11-8-2015:

San Carlos Housing Data 11-8-15 Prior Week
Closed Sales for the Week: 3 7
Average Sold Price: $1,444,333 $1,472,173
Average $/Sq Foot (Sold) $869 $812
Average Sold as Percentage Of List Price: 109% 104%
Average DOM of Closed Sales 13 15
No. of Homes Pending Sale: 23 21
No. of New Listings: 3 2
Total # of Active Listings: 11 11
Average Price of Active Listings: $1,910,616 $2,147,616
Average DOM of Active Listings: 28 28
Average $/Sq Foot (List) $897 $897
Active-Pending Ratio: 0.48 : 1 0.52 : 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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 11-1-15.

calendar6

The Scoop.

October 2015 is now in our rear view mirror, and November is upon us. We awaken today to much shorter days, and the first serious rainfall in the past 9 months. This is the time of year when not only the weather sees some serious changes, but so does the local real estate market.

The pace of new listings slowed to a trickle this past week, with only two homes testing the market. With four homes going into contract during the same period, that effectively dropped the inventory of homes for sale back to 11 total in all of San Carlos. The data below is interesting on these 11 homes: The average sales price is over $2M, and the corresponding DOM is now up to 28 days. Contrast that with the four homes that went into contract last week, which had an average list price of $1.34M and 21 days on the market.

If you can draw any conclusions from just one week’s data and a relatively small sample size, it’s this — it’s taking slightly longer in general for homes to sell in San Carlos, and there’s a noticeable push-back on the higher end of the market right now. More on that later this week.

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 11-1-2015:

San Carlos Housing Data 11-1-15 Prior Week
Closed Sales for the Week: 7 4
Average Sold Price: $1,472,173 $2,547,375
Average $/Sq Foot (Sold) $812 $968
Average Sold as Percentage Of List Price: 104% 120%
Average DOM of Closed Sales 15 41
No. of Homes Pending Sale: 21 24
No. of New Listings: 2 4
Total # of Active Listings: 11 13
Average Price of Active Listings: $2,147,616 $1,985,376
Average DOM of Active Listings: 28 24
Average $/Sq Foot (List) $897 $876
Active-Pending Ratio: 0.52 : 1 0.54 : 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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

The San Carlos Real Estate Week in Review: 10-25-15.

calendar5

The Scoop.

You may have been wondering how much a 10,500 square foot flat lot in prime, central San Carlos would set you back. Well, this week you finally got your answer: $1,655,500 — which is the price that 1348 Cedar Street fetched after being purchased through the probate court system. This may sound like a shocking amount of money for what is basically dirt value, since the home that’s on the property now is essentially a tear-down. But oddly enough, this price didn’t surprise me nor any of my other colleagues who are also experts in the San Carlos real estate market. When this property first hit the market, I polled a few of them about how high this property could go and I got numbers anywhere from $1.6M to $1.75M. So it landed right about where we expected, which just goes to show you how quickly one can get desensitized to the prices that are being tossed around in this market. It’s an amazing piece of property in a great location, and I can’t wait to see what will become of it.

For the rest of the San Carlos market, it was a fairly lackluster week.  The upside of over $800,000 on the list price of 1348 Cedar served to put rest of the market positive territory in what would have otherwise been a negative performing week for closed sales – none of the other three homes that closed escrow this past week exceeded their original asking price, which is a first in quite some time.

Inventory didn’t change much, with only 4 new homes being offered for sale. That increase was offset by  the same amount of homes going into contract.

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 10-25-2015:

San Carlos Housing Data 10-25-15 Prior Week
Closed Sales for the Week: 4 2
Average Sold Price: $2,547,375 $2,240,00
Average $/Sq Foot (Sold) $968 $646
Average Sold as Percentage Of List Price: 120% 107%
Average DOM of Closed Sales 41 12
No. of Homes Pending Sale: 24 24
No. of New Listings: 4 4
Total # of Active Listings: 13 14
Average Price of Active Listings: $1,985,376 $1,815,982
Average DOM of Active Listings: 24 24
Average $/Sq Foot (List) $876 $834
Active-Pending Ratio: 0.54 : 1 0.58 : 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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...

Chuck’s Recent Sales

Put my experience to work for you!

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!

Chuck's Sales Production

Subscribe to the Blog via Email

Enter your email address to subscribe to the White Oaks Blog, and receive notifications of new posts by email. No spam....ever. Promise.

San Carlos Home Search


Click the link below to see ALL of the homes that are currently for sale in San Carlos!

San Carlos Home Search

Open House: San Carlos


Click the Open House sign below to see ALL of the homes, townhomes, and condos that will be open in San Carlos this weekend!

San Carlos Open House

Testimonials

Chuck did an absolutely amazing job selling our house. He prepared us for everything that would happen, was professional, incredibly helpful and always available to answer our questions. He knows the market, knows all the realtors and is able to make a transaction go quickly and smoothly.

Cate L

San Carlos Weather

The White Oaks Blog on FaceBook.

Selling Your Home?


Related posts: