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The San Carlos Real Estate Week in Review: 6/27/2016.

This is a recap of the San Carlos residential real estate market for the week ending Sunday 6/26/2016, including sold and pending statistics, and new listings.

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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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.

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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
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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: 12-6-15.

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The Scoop.

The first week of December was off like a shot, with seven new single-family home listings to hit the market in San Carlos. This brought the inventory of homes for sale back up to 10, which is still not a whole lot to choose from, but certainly better than last week. Home buyers weren’t that busy last week simply because there was so little to choose from, and consequently only one home was put into contract.

Prices on homes that closed escrow last week were much closer to their original asking price, fetching only an average of 3% over. In fact, half of the homes that sold last week didn’t even achieve their asking price, which is yet another indication that the market is simply not quite as hot as it was in the spring.

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 12-6-2015:

San Carlos Housing Data 12-6-15 Prior Week
Closed Sales for the Week: 4 2
Average Sold Price: $1,603,250 $1,455,000
Average $/Sq Foot (Sold) $876 $1,124
Average Sold as Percentage Of List Price: 103% 120%
Average DOM of Closed Sales 13 7
No. of Homes Pending Sale: 18 21
No. of New Listings: 7 0
Total # of Active Listings: 10 6
Average Price of Active Listings: $1,563,600 $1,730,667
Average DOM of Active Listings: 23 54
Average $/Sq Foot (List) $773 $853
Active-Pending Ratio: 0.56 : 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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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.
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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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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.

 
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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: 11-29-15.

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

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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
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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.
Don’t miss a single update!
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Should San Carlos Reduce the Maximum Size Limits for Residential Construction?

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