Market Update

San Carlos Real Estate Market Update: November 2014

Posted on 10 November 2014

Check out this month’s market update – we can now see a notable split in the market. Learn how you can get your property on the up side of this divide in the San Carlos market!

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Market Update

San Carlos Real Estate Market Update: September 2014

Posted on 12 September 2014

This month’s market update is a great example of the predicted changes to the mid-Peninsula real estate market after a number of years of incredible growth. Check out the numbers and see where San Carlos real estate is headed!

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Market Update

San Carlos Real Estate Market Update: July 2014

Posted on 17 July 2014

Read this month’s update on the San Carlos real estate market. Despite the beginnings of moderation, we still saw gains in median sale price, with a record high. Changes in appreciation growth and increases in days on market are contributing to a predicted leveling-out. Read on for more details!

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Market Update, Uncategorized

San Carlos Real Estate Market Update: June 2014

Posted on 02 July 2014

Check out the latest update on the San Carlos real estate market this month. The incredible growth we have seen over the past few years is starting to level out, changing the tone of the market.

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Market Update

San Carlos Real Estate Market Update: May 2014

Posted on 04 June 2014

The San Carlos real estate market had another strong spring season with positive growth through May 2014. Check out these interesting statistics, especially the low number of days on market and high list-to-sale-price ratio.

Val Vandervort | San Carlos Real Estate | Market Update May 2014Val Vandervort | San Carlos Real Estate | Market Update May 2014

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Buyer Education, Market Update, Seller Education

San Carlos Real Estate Recap & Forecast – August 2013

Posted on 27 August 2013

Clearly, the trend for the San Carlos real estate market has been up for the past few years, but where are we going from here?  You can see from this graph that March and May of this year gave us the highest sales prices in the past 24 months.  Sales prices in June and July decreased from their previous month.  So what will become of August?  My sense from what I’ve been experiencing in the market is that August is likely to be back up.  Interestingly, interest rates in  June and July were climbing.  While that was happening, we definitely felt a hiccup in the real estate market.

As interest rates have stabilized over the past few weeks, we have continued to experience multiple offers and properties selling over the asking price.  On average, they have been selling 8% above the asking price and selling in 11 days on average.  The preliminary numbers for August show an average sales price in San Carlos of $1,297,000, which would be just slightly higher than March and May of this year.  This data shows us that the San Carlos market is headed back up for August.  Certainly buyers in the area have a lot of enthusiasm for San Carlos and are looking to buy in our community! We continue to experience limited inventory, which is working to the seller’s favor.

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Coming Soon in San Carlos, Featured San Carlos Property

Coming Soon in San Carlos – 2416 Melendy Drive

Posted on 28 July 2013

Listed at $1,188,000

3 bedrooms, 2 bathrooms, ~2170sf on a lot of ~8,520sf

–2-story / 2-car garage home with great flow
–updated kitchen with stainless steel appliances; recessed lighting and other stylish lighting fixtures
–spacious backyard with decking that takes advantage of natural landscape — delightful upper deck with great views
–downstairs family room
–4 different access points to the back yard space via sliding doors
–loads of storage, including 3 closets in the master suite

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Featured San Carlos Property

AVAILABLE NOW! 860 Regent Court, San Carlos, CA 94070

Posted on 17 June 2013

View from the street

860 Regent Ct, San Carlos – Listed at $1,598,000

Tucked away in a peaceful cul-de-sac, with dazzling views above San Carlos, is this 2-story home that combines casual living with formal entertaining, and indoor comforts with outdoor splendor. The 5-bed and 3-bath home offers living quarters of roughly 2,710 square feet on an approximately 8,400 square-foot lot. In addition to the 2-car garage, the south/southwest-facing home sports air conditioning, and Borrego solar panels.

As you enter the home through double doors, you step into a tiled foyer.  Another pair of double doors frame the formal living room, which is at once restful, open, and elegant. It contains a wood-burning fireplace. It is filled with sunlight.

The leisurely transition into the family room off the updated kitchen showcases the home’s second wood-burning fireplace. The unique stone-adorned hearth provides a lovely farmhouse ambience. In addition, the crown molding, hardwood flooring, open space, and large windows all make this family room feel like a “great room with a view!”

You’ll find three bedrooms ––including the master––and two bathrooms on the main level. And the two remaining bedrooms and another full bath are located on the lower level. Bonus storage options throughout.

Did we mention the views? The yard-facing bedrooms give you a glimpse of the stunning vistas that wrap around the rear of the property. The family room and main kitchen area provide separate access points to the back yard.

Outside, the yard accommodates a satisfying blend of areas to lounge in for sun and shade––and a combination of natural foliage with carefully-crafted landscaping. Front and back, you’ll find a variety of trees, plants, flowers, and shrubs complemented by stonework and brickwork that’s pleasing to the eye.

HOME WITH GREAT FLOW

The interior fuses a mixture of hardwood floors, tiled floors (in the entryway and bathrooms), and carpeted areas.

The kitchen has tastefully-finished Corian countertops, cabinets with glass frontage, plenty of storage, an oversized stove-top with an integrated cutting board, a practical chef’s pot rack, recessed lighting, and a dedicated eat-in dining space.

All the bedrooms are roomy and contain extra-large closets. The rooms looking on to Regent Court bask in sunlight, while the rooms facing the rear of the house capture partial or almost-full views.

The big master bedroom features an en-suite bathroom, which contains a separate WC, a vanity nook, and bonus storage. Plus, the master, in particular, takes advantage of the view.

The lower level gives access to the garage, and you could convert one of the bedrooms on this story into an office with ease.

YARD WITH GREAT VIEWS

Saunter out onto the extensive patio, comprised of Connecticut Blue paving stones. Its impeccably-laid stonework incorporates a wide set of steps, which leads you to the lower yard areas, along with side yard coverage.

The sweeping deck, against a backdrop of exquisite views, provides ample room for entertaining. The transition from the wooden deck to the flagstone patio––and back again––is beautifully appointed.

The yards pièce de résistance? The water feature. A soothing stream, using recycled pumped water, traverses through three fountain tiers, surrounded by tastefully landscaped plants and stonework. A stone slab acts as a bridge across the stream mid-way.

The back yard contains four levels, accessed easily by steps and other walk-ways.

The huge outdoor space offers multiple seating areas, separate paved sections (brick and stepping stone), a grassy zone, mature trees, and an array of terraced flowers, shrubs, herbs, and hedges.

The yard is composed of distinct outside sections that can be described as exterior “rooms.” So you’ll find at least a couple of spots that are perfect for your hammock, for example! A tapestry of colorful vines divides certain parts of the yard into these separate outdoor living nooks.

A secluded spot at the base of the back yard houses a viewing deck with built-in benches––yet another way to savor this home’s captivating views.

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Uncategorized

JUST LISTED! 1090 Crestview Drive, San Carlos, CA 94070

Posted on 01 May 2013

1090 Crestview Drive, San Carlos – listed at $1,549,000

The immaculate landscaping in the front is just one of many superb features of this house!

We invite you to explore this 2-story single family home in the hills of San Carlos. The approximately 3,060 square foot home abounds in timeless elegance, classic interior details, and unique touches, making it the quintessential home for your modern lifestyle.

This roomy 4-bedroom and 3-bathroom home will delight you with its vaulted ceilings, double-tiered windows, plantation shutters galore, and two fireplaces. An existing office space upstairs could be used for a variety of living spaces or could easily lend itself to being converted into a 5th bedroom.

We love this 12-year-old home’s meticulous attention to detail: multi-room NHT speaker configuration, recessed lighting, cherry cabinetry in the kitchen, bathrooms, and laundry room, dual-zone furnace and air conditioning system, along with privacy window treatments.

As for this home’s secluded outdoor space, you’ll find the perfect balance between sun and shade. Its splendid landscaped areas – front, back, and sides – along with the burbling fountain and custom-lighting arrangement provide a haven for you and your guests.

This 12-year old single family residence, with over 3,000 square feet of living space, sits on a lot size of approximately 8,400 square feet. The 4-bed and 3-bath home is surrounded – on all sides – by an impeccably landscaped yard, which is at once colorful, natural, and artistic.

ELEGANT LIVING DOWNSTAIRS

Grand entry way features a spacious foyer and formal living space, with soaring 18-foot cathedral ceilings.

Double-tiered window design in the living room and dining room allows an abundance of sunlight. A wood-burning fireplace anchors this classic and serene living area.

The open kitchen draws you in, thanks to its sophisticated layout, exquisitely finished granite countertops, large island, wine fridge, oodles of storage, and first-class appliance brands, including a massive 6-burner gas range with grilling area.

The convenient ground floor bedroom provides an extra-wide closet, and the neighboring full bathroom contains natural tile floor and a large stall shower.

The great room welcomes you with its gas log fireplace, Media Center, and bar corner.

STYLISH LIVING UPSTAIRS

The majestic curved staircase, with display ledge, leads to a spacious landing.

The palatial and enchanting master bedroom, accessed through double doors, is complete with a vaulted ceiling and views of the western hills.

As you wander along past his and her walk-in-closets, the luxurious en-suite bathroom features a jetted tub, frameless shower, two sinks, stylish accents, dedicated vanity space, and separate WC.

All bedrooms sport four-panel doors and closets, along with the ubiquitous         plantation shutters.

The current office space on the second story has the potential to become a 5th bedroom or extra living area.

The full bathroom off the upstairs hallway boasts two sink vanities and a tub with shower.

THE BEAUTIFUL OUTDOORS

Step out onto the cool Connecticut Blue flagstone patio. Enjoy the privacy and the garden’s ambience beneath the covered veranda, supported by eight Romanesque columns.

A spacious low maintenance TimberTech deck, with built-in seating, provides even more room for entertaining.

A separate sheltered area near the side of the house is the perfect nook for a BBQ.

A wide side yard, with over-sized pavers, works wonderfully as a dog run.

Every inch of the yard has been thoughtfully landscaped. The Connecticut Blue paving stones and river rocks weave through an array of colorful plants, flowers, and trees. Plus, the front yard shows off a series of bowed stack stone walls, which deliver a pretty terraced structure.

3-CAR GARAGE AND OTHER COMFORTS

The large garage offers overhead storage and superb durable flooring throughout. This heavy-duty floor – Methyl Methacrylate Resin System – is resistant to staining and slipping, and a cinch to keep clean, too.

Big laundry room offers ample storage and room for an additional refrigerator.

The house is hooked up with three sets of NHT speakers – located in the family room, living room, and master bedroom. Separate volume controls are found in each room, and all units are centrally wired to the Media Center.

In addition to the two-zone air conditioning, there is a QuietCool whole house fan with an electronic 12-hour timer.

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Market Update

Review of San Carlos Sales Prices for 2011 and 2012

Posted on 14 January 2013

It is like a Tale of Two Cities when comparing the 2011 sales prices versus the 2012 sales prices in San Carlos.  In the final quarter of 2011, at times it felt like it was a challenge to give away a property.  At that time, buyers appeared to be still concerned about the health of the economy, were being cautious, and really weighing any decision to make a home purchase at that time.  In the final quarter of 2012, it was 180 degrees different!  With low inventory (that plagued us for the entire year) and high buyer demand, properties were selling so quickly and with such high demand that there were multiple, preemptive offers.  Homes were often selling in less than 7 days on the market.

From January of 2012 to December of 2012, San Carlos had an appreciation of 17.6% if you look at the median sales price and an appreciation of 21.6% if you look at the average sales price.  For comparison’s sake, this is an interesting article that the San Francisco Chronicle ran on January 2, 2013 that shows 15% appreciation from December 2011 to 2012 for San Mateo county.
What will 2013 bring?  If more sellers do not decide to take advantage of the increased value of their home and sell it, and we continue with the historically low inventory, then I think we will experience a frustrating year for buyers.  Based on open house attendance over the weekend, demand certainly seems as high as it was at the end of 2012 and we typically see more buyers enter the market when the calendar flips, seemingly as though it is a new year’s resolution to buy a new home.  If home owners in San Carlos decide now is the time for them to sell, then we will see a more balanced market.  However, I think we may be experiencing a protracted appreciation that could span a few years, almost like back in 2003 to 2007.  Arghhh… once again, we all wish we had that crystal ball!

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