Tag Archive | "San Carlos Real Estate Market"

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Coming Soon In San Carlos

Posted on 19 October 2012 by vvandervort

In the quest for full disclosure, this is not my listing, but I post here for those who come to my blog to get info on the San Carlos real estate market.

There’s a great property coming on at 1037 Elm Street in San Carlos.  This home is located in one of San Carlos’ hottest neighborhoods.  List price is $880,000 and it is a 3 bedroom/1.5 bath home with a detached bonus out-building.  The main house is about 1,230sf.  The out-building measures approximately 9′ x 15′.  It is a 6,000sf lot.  It will be coming on the market on Monday, October 22nd.  It will be open October 27th and 28th.

This home is listed by Jaime Lynn Jones of Intero Real Estate.

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San Carlos Real Estate Absorption Rate for Week Ending November 27, 2010

Posted on 02 December 2010 by vvandervort

A fitting image for the first week in December and because there was just one house that got listed in San Carlos last week.  It is that time of year, when there is so very little that comes up on the San Carlos real estate market.  Thankfully, there is some accumulated inventory for our December buyers in San Carlos to choose from.  For those of you out buying, we currently have 55 single family homes on the market in San Carlos.  A year ago, we were at 66.  Quite a bit of a difference.

The one house that listed last week in San Carlos was:
21 Coleman Ct – $1,299,000 – 5/3 – 2,200 sq ft – This is a really great house: cul-de-sac, fairly open floor plan, views AND usable yard, and cool wine room.

There were 4 homes that sold last week in San Carlos.  They had an average of 36 days on the market (DOM).  The lucky San Carlos sellers were:
2232 Howard Av – $1,388,000 – 4/3 – 2,380 sq ft – 52 DOM
34 Hilltop Dr – $839,950 – 3/2 – 1,880 sq ft – 52 DOM (yep, same as the one above)
1621 Cordilleras Av – $825,000 – 3/2 – 1,580 sq ft – 13 DOM
770 Neal Av – $499,000 – 2/1 – 630 sq ft – 26 DOM

There were 3 homes that closed escrow last week in San Carlos:
576 Dartmouth Av – LP $749,950 – SP $710,000 – 3/2 – 1,330 sq ft
1190 Alameda de las Pulgas – LP $749,000 – SP $650,000 – 2/1 – 1,010 sq ft
1619 Gover Ln- LP $1,049,000 – SP $1,005,000 – 3/2 – 1,640 sq ft

Just a side note about the market:  multiple offers are still out there for homes that are priced well and are a good product.

That’s it for now from Val, the San Carlos Real Estate Data Gal!

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San Carlos Real Estate Absorption Rate for September 2010

Posted on 18 October 2010 by vvandervort

Although the market is feeling soft, the San Carlos real estate absorption rate for September 2010 was pretty good.  For single family homes in San Carlos, there were 39 that listed during the month of September 2010.  During that same period, there were 26 homes that went pending in San Carlos.  So that is an absorption rate of 66.7%.  For the month of August, the absorption rate for San Carlos was considerably higher at 88.9%. But still that 66.7% is not bad.

If you are thinking of buying, oh my, is it a good time.  There is a lot of competition in the market and buyers are not pulling the trigger.  It can’t be interest rates that are keeping them on the sidelines because they are killer.  And the stock market is cooking right now! All of the buyers I’m working with and talking to are not expressing concern about their jobs.  I’m thinking that the feeling is that the real estate market may worsen, so no need to do anything now because it might get even better for buyers.

This is an interesting tidbit that came in yesterday from Rick Turley, the president for Coldwell Banker for the San Francisco Bay Area…
“In Woodside, the local market is alive and has had a clear renaissance. Four homes have sold in Woodside in the last 10 days all over $6 million – and three of them had multiple offers.  This is a stunning development since we have had just four sales over $6 mil in the last 12 months. Big money is getting confident, our local manager says.”

So if big money is getting confident, what is happening to just normal money?  Will it become more confident too?  I remember saying in the Spring of 2009 that if I didn’t already own a house in San Carlos, I would buy one and that ended up being the time when our market bottomed out.  I again, have that feeling.  I keep hearing buy, buy, buy in the back of my mind.  This time period may also develop into being a bottom and those who ended up pulling the trigger will look back and smile with pride that they took the brave leap when no one else was doing it!

That’s it for now from Val, the San Carlos real estate data gal!

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San Carlos Real Estate Absorption Rate for Week Ending February 28, 2010

Posted on 01 March 2010 by vvandervort

desert - crackly ground
This dry, crackly desert scene does a good job of describing our San Carlos Real Estate market for this last week.  We had 4 homes come on the market and 8 (EIGHT!) went pending.  Can’t you just feel things drying up? My buyers certainly can.  I have several who are anxious to buy in San Carlos and they can’t find a home that works for them.  The San Carlos inventory is currently at 30 and has been stable right around that number for many weeks now.  My San Carlos buyers would like to rewind to the fall when we had 50-60 houses on the market in San Carlos.

So here’s what listed this last week:
130 Acacia – $895,000 – 4/2.5 – 1710sf – MLS#81008188
11 Willow Glen Wy – $899,000 – 3/2 – 1280sf – MLS#81009007
885 Sunset Dr – $999,000 – 4/3 – 2600sf – MLS#81008742
324 Oakview Dr – $1,295,000 – 4/3.5 – 3490sf – MLS#81008746 (this home has gone pending already)

Here are the 8 homes that got into contract this last week in San Carlos:
309 Old County Rd – $499,000 – 2/1 – 820sf – MLS#81003402
120 Palm Av – $750,000 – 3/2 – 1560sf – MLS#81006601
117 Beverly Dr – $848,000 – 4/3 – 2180sf – MLS#81006378
350 Oakview Dr – $859,000 – 3/2 – 1120sf – MLS#81007795
724 Tamarack Av – $868,000 – 3/2.5 – 2070sf – MLS#81002018
60 Hartford Av – $1,150,000 – 3/2 – 1570sf – MLS#80954516
700 Best Ct – $1,795,000 – 4/3.5 – 4040sf – MLS#81002037
1357 Rosewood Av – $738,000 – 2/1 – 1160sf – MLS#80957846

The average days on market for these San Carlos homes was 41.  350 Oakview was on for the shortest time at 5 days and 60 Hartford Av was on for the longest at 94 days.

The homes that closed escrow in San Carlos in the last week were:
1357 Rosewood Av – listed $738,000 – sold $738,000 – 2/1 – 1160sf
1101 Orange Av – listed $779,000 – sold $790,000 – 2/1 – 1220sf
1944 Eaton Av – listed $959,000 – sold $985,000 – 3/2.5 – 1700sf
15 Buckland Ct – listed $978,000 – sold $905,000 – 3/2.5 – 1940sf

Need more data?  Call Val at 650-740-6025.

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