free hit counter

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 …

Recent Articles:

It’s a Dog’s Day in San Carlos.

San Carlos City of Good Living

New San Carlos Dog Park Opens Tonight.

Much to the delight of local dog owners, the City of San Carlos will officially open a dedicated pooch park tonight at 5:00 PM. After an ambitious pilot program that allowed off-leash hours at Burton Park was discontinued this year, dog owners in San Carlos were left without a dedicated park to exercise their dogs.

The City of San Carlos stepped in recently and dedicated the City Hall Park on the corner of San Carlos Avenue and Elm Street as the new canine playground.  They have spent the past few weeks getting park ready and installing a safety fence around the perimeter of the park, with double safety gates so that the dogs aren’t able to accidentally exit the park right onto San Carlos Avenue.

There will be a ribbon cutting ceremony tonight and some prizes will be given away to some lucky dogs, according to the press release on the City website. So if you’re out on an early walk with your best pal, stop by the new San Carlos City Dog Park for all of the festivities.
_____________________________________________________________________________

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: 9-13-15.

calendar17

The Scoop.

One big difference that you’ll notice when you compare the Fall real estate market to the Spring market in San Carlos is that while the Fall market has its ebbs and flows from week to week. Some weeks are simply more active and intense than others, compared to the Spring market of this year, which was pretty much on full afterburner every single day up until June.

Last week we made note of the huge premium that the homes that closed escrow last week fetched compared to the original list price (21% over). This week’s closings, while still averaging more than 100% of the list price, were not nearly as strong as the prior week at only 7% above. In fact, 3 of the 7 homes that closed escrow last week sold below their original asking price. Is that just one of those weekly ebbs, or a sign of a change in the market? Most likely it’s the former and not the latter, but it’s certainly worth keeping an eye on in the coming weeks.

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 9-13-2015:

San Carlos Housing Data 9-13-15 Prior Week
Closed Sales for the Week: 7 5
Average Sold Price: $1,400,357 $1,834,000
Average $/Sq Foot (Sold) $825 $872
Average Sold as Percentage Of List Price: 107% 121%
Average DOM of Closed Sales 13 13
No. of Homes Pending Sale: 19 22
No. of New Listings: 6 6
Total # of Active Listings: 13 10
Average Price of Active Listings: $1,748,688 $1,742,895
Average DOM of Active Listings: 13 12
Average $/Sq Foot (List) $864 $809
Active-Pending Ratio: 0.68 : 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 Streets of San Carlos.

September 11, 2015 Living in San Carlos 3 Comments
Streets

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 etched into the sidewalk, usually at a corner like this:

And if you happen to be paying extra close attention as you walk along this very same street, you’ll notice that the name inexplicably changes…to this:

Photo Sep 04, 10 21 28 AM (1)

Hmmm…Did you suddenly transport to a street several blocks away?  Were the sidewalk contractors hitting the martinis over lunch? Or did you find a mysterious intersection of two streets that are actually parallel?

Of course not.  There’s actually a good reason for this discrepancy, and it explains why you see this very same phenomenon on a number of streets in the flats of San Carlos.

Cedar Wasn’t Always Cedar.

The explanation lies in the fact that a number of the streets in the White Oaks, Oak Park, and Howard Park neighborhoods of San Carlos don’t carry their original namesake. When San Carlos was first incorporated, many of the streets carried quite different names – some of which have been slightly altered, some changed entirely, and others simply moved to another street.

Sounds confusing?  Take a look at a the old map from 1925 that I pulled from the title report of one of my recent listings:

 

Cedar Map

This map almost looks like it’s describing a different city, but it’s actually San Carlos — just an older version. Starting with the minor changes, Howard Avenue used to be called Howard Boulevard.  And Greenwood used to be a Drive, not an Avenue.  But what’s more interesting are the major changes that took place to the street names.

Cedar Street used to be called Woodland Avenue!  And what we know now as Chestnut Street apparently used to be called Orchard Avenue. And to confuse matters entirely, a street once named Kendall Avenue is the new home for Woodland Avenue… er, which was the former name of Cedar Street.  Got all that?

Wait… it gets better.

Cedar Map-2

…continuing along our little journey down Howard Boulevard (er, Avenue) — if we compare this map to the current map, what we know today as Rosewood Avenue was once called Madison Avenue (yes, San Carlos had its own Madison Avenue.)  So this means that today’s Elm Street was once called Rosewood Avenue, which was once Madison Avenue…

Sheesh, already.

So does that mean that Walnut Street used to be called Johnson Avenue?  Apparently so. And the biggest surprise (If I’m reading this correctly) is that Laurel Street used to be called Horton Avenue, and back in 1925 it wasn’t even a continuous street.

That in itself sounds like a potential San Carlos Treasure Hunters clue.

So the reason that there are several different names etched into the same street is that there are simply old parts of the sidewalk that have not been replaced from way they were originally installed. That answers the question of what happened with the street names.  But why were the names changed in the first place??

That may indeed be the 8th Wonder of San Carlos.

Have a fabulous weekend!

 
_____________________________________________________________________________

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: 9-6-15.

calendar21

The Scoop.

The big number to report in this week’s update is the percentage over the asking price for the homes that closed escrow last week.  The five homes that sold last week fetched an average premium of 21% over their respective asking prices, which is significantly higher than what we normally see on a weekly basis. Looking at the list of sold homes below, it’s a combination of a few listings that were simply priced too low, but there were also a couple that fetched surprisingly high prices. Either way, it was a banner week for home prices in San Carlos.

New listing activity was decent, especially considering that it was the week preceding Labor Day. Many sellers opt to wait until after the 3-day weekend to put their home on the market, so it will be interesting to see what pops up 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 9-6-2015:

San Carlos Housing Data 9-6-15 Prior Week
Closed Sales for the Week: 5 2
Average Sold Price: $1,834,000 $1,770,000
Average $/Sq Foot (Sold) $872 $909
Average Sold as Percentage Of List Price: 121% 110%
Average DOM of Closed Sales 13 12
No. of Homes Pending Sale: 22 22
No. of New Listings: 6 6
Total # of Active Listings: 10 11
Average Price of Active Listings: $1,742,895 $1,772,700
Average DOM of Active Listings: 12 10
Average $/Sq Foot (List) $809 $791
Active-Pending Ratio: 0.45 : 1 0.50 : 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...

Leave a Book, Take a Book.

September 4, 2015 Living in San Carlos 2 Comments
Photo Sep 04, 10 35 26 AM (1)

Free Neighborhood Libraries.

Last week in the Friday slot on the blog, we took a little step back in time and talked about the San Mateo County Library System, all of the cool things that are available to check out there, and how they too are getting on board with technology to make it easier for residents to take advantage of everything they have to offer.

This week, we are going to stay in the library vein, but we are really going back to the very basics of book sharing.

I noticed on my evening walks that there are a number of very awesome “mini libraries” that are sprouting up in the front yards of some San Carlos homes. These are beautiful not only because of their brightly painted drop boxes, but also because of the sheer simplicity of the concept: You simply grab a book to read, or leave one behind that you think someone else would enjoy reading. And it’s all on the honor system.   How simple is that?!!

Here is one such neighborhood library that is located at corner of Eaton Avenue and Robin Way:

Photo Sep 04, 10 35 19 AM

…. and here is another one in front of the residence at 868 Cordilleras Avenue:

Photo Sep 04, 10 04 22 AM

This is a such a fantastic idea! Not only can you grab a great book for free, but you might also meet a neighbor or two that you didn’t know before.

If you’re interested in doing something similar, you can get some great tips and ideas from the Little Free Library website, or just ask your neighbors who are gracious enough to dedicate part of their front yards to share a little kindness and a good story.

Are there any other homes in San Carlos that are participating that I might have missed?  Feel free to leave those addresses in the comments below.  Happy reading, and have a safe Labor Day weekend!

Photo Sep 04, 10 04 30 AM (1)
_____________________________________________________________________________

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: 8-30-15.

calendar5

The Scoop.

Listing activity picked up somewhat last week in San Carlos, certainly when compared to the prior week. Six new homes jumped into the fray, and only two went into contract. This succeeded in bringing the inventory back out of the single-digit range, but only back up to 12 total units for sale in the entire city. Even as we head into September, this is a paltry inventory level for what normally is a robust Fall market.

Condo and townhouse buyers enjoyed a (relatively) healthy uptick in new listings, with four new units debuting on the market — this succeeded in bringing the inventory total up to 5 total units.  That’s certainly not a huge number, but it’s over double where we started last week at this time.

With the month of September starting tomorrow, there are about 2 months left in the calendar year of decent real estate activity – maybe an additional two weeks if November turns out to be a dry one again like it has in previous years.  Here’s to hoping that buyers get quite a few more listings to choose from before the end of this year.

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 8-30-2015:

San Carlos Housing Data 8-30-15 Prior Week
Closed Sales for the Week: 2 8
Average Sold Price: $1,770,000 $1,536,876
Average $/Sq Foot (Sold) $909 $967
Average Sold as Percentage Of List Price: 110% 112%
Average DOM of Closed Sales 12 16
No. of Homes Pending Sale: 22 22
No. of New Listings: 6 3
Total # of Active Listings: 11 7
Average Price of Active Listings: $1,772,700 $2,256,754
Average DOM of Active Listings: 10 23
Average $/Sq Foot (List) $791 $841
Active-Pending Ratio: 0.50 : 1 0.32 : 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 Library.

San Mateo County Library

Old School, New Media.

Technology has made the world we live much smaller and faster, and has almost created an expectation of “instant gratification” for many things we now do — especially among the younger generations who are growing up with technology.

Want a song or an audio book? That’s only a few clicks away on iTunes. Need a last minute shopping run?  Google Express is happy to tackle that for you on the very same day — or if you can wait two whole days (an eternity), Amazon Prime will ship it to your door — for free. And any discussion about instant technological gratification would be remiss without the mention of Uber, which has completely changed how we get from one place to another.

But long before the advent of smart phones and apps for the click-and-ship generation, the pioneer of what we know today as “media-sharing” has been sitting right in our back yard: The library.

Surely the author has hit his head by walking straight into a wall while reading his iPhone. The library? That place with dusty old books and the cranky librarian? How is that germane to a discussion about technology?

The “New” Library

I recently re-discovered the San Mateo County Library system — yes, the very same system that I used growing up to check out old books — and was pleasantly surprised at how much things have changed, AND how even an institution like the library has embraced technology.

First of all, the library is not just about books anymore. There are shelves of music CD’s, DVD movies, and even audio books just waiting to be checked out. I was thrilled to find some older and more obscure music CD’s that I didn’t even know existed (Neil Young’s Live at Massey Hall – 1972…simply phenomenal.)  Their movie selection is excellent too, with recent feature movies, and even popular TV series.

But what ties it all together is that the San Mateo County Library system now has an iPhone app that allows you to search the entire county-wide system to find what you’re looking for, and then ship it for free to the nearest library. You simply find what you’re looking for, click which library to send it to, and then they’ll send you an email when it’s ready to pick up.

The app is not flashy, but it certainly very capable. I haven’t encountered a single problem with it yet, and I have used it many times. You can access the app on the iTunes store for free by clicking here: San Mateo County Library App.

The Best Price.

So why is all of this worth mentioning?  It’s certainly not the technology. You can instantly download your music from iTunes, or buy your books from Amazon. No, it’s because the library is free, which just so happens to be my favorite price. And it’s a resource right in your back yard.  So “re-discover” the new library system. I think you’ll be pleasantly surprised.

The San Carlos library is located right next to City Hall at 610 Elm Street in downtown San Carlos.
_____________________________________________________________________________

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...

How Will the Stock Market Woes Impact San Carlos Real Estate?

arrow down

Roller Coaster Ride.

The last few days have provided some of the most mesmerizing stock ticker-watching of any period since the end of the recession as the global stock markets have taken a monumental shot to the proverbial jaw. Since Friday, the Dow Jones Industrial Average has seen three consecutive trading days of triple-digit losses based on concerns about the slowing economy in China and how that may impact the U.S. economy.  This is the biggest drop in the market in at least the last 7 years.

I don’t know about you, but I have been glued to the Bloomberg Channel watching the market thrash about, trying to find some sense of stability. The swings in momentum have been simply breathtaking.

For those with significant equity positions in the market going into last Friday, it’s obvious that these are gut-wrenching developments. Losing 10-15% of one’s portfolio in roughly the same period of time as a Giants homestand must be tremendously unnerving. And yet for others, it may present an opportunity to roll the dice and buy some favorite stocks on their weakness.

But the question that I have heard repeatedly since Friday is this: How will impact the local real estate market? The answer is this — it’s too soon to tell. Here’s why….

Two Key Components.

The recent market volatility will impact today’s Peninsula home buyers in two basic ways:  Financially, and emotionally.  Let’s take a quick look at both.

  • Financial Impact: When it comes to the Peninsula real estate market, the financial impact of the plunging stock market will vary depending on what communities you are looking considering. For higher-end communities like Palo Alto, Hillsborough, and Los Altos Hills that have been prime destinations for Asian investors, I believe they will feel a more acute impact since many of their purchases are all-cash, and often from foreign buyers. In fact, many agents that specialize in these communities have sensed a pull-back from foreign investors for a number of weeks before the market hit the skids. For communities like San Carlos, Redwood City and Belmont, I believe that the impact will be less. While home buyers will certainly feel the sting of the devaluation of their portfolio, the fact remains that most of these buyers are still taking out loans that will represent at least 60% of the funding for their home purchase. So the impact will be a little less severe, simply because their purchase is not 100% dependent on the value of their portfolio. In fact, one could even argue that the stock market correction may help buyers in the long run, since the Federal Reserve may choose to delay their widely-anticipated rate hike that is slated for next month.
  • Emotional Impact. This is a far more subjective criteria, and it will vary from buyer to buyer. Much depends on one’s market particular philosophy (i.e., is this a normal correction, or the sign of a bigger trend?) and of course, how much of their purchasing power is currently tied up in the market. Much like the pricing in today’s housing market, memories of what has happened over the past week will be very short if the market recovers most of its value in short order. It’s just like the home buyer who was worried that he overpaid — until the following week another house sold for even more.

In a nutshell, until it is determined whether this was just a blip or an indication of much deeper problems with our complex, global economy, I think it’s simply too early to tell what impact it will have on the local real estate market. It’s obviously not going to be positive, but I don’t see buyers jumping off the train just yet, either.

If you are a home buyer in this market, how have the events of the past few days impacted your home buying strategy?
_____________________________________________________________________________

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

"I felt that Chuck was professional, hardworking and trustworthy and I would definitely call him to market a house to sell, especially in his stomping grounds San Carlos."

Karen B., Redwood City

San Carlos Weather

The White Oaks Blog on FaceBook.

What’s Your Home Worth?

Related posts: