This special podcast is dedicated to a review of the 2007 San Carlos Housing Market and a preview of what to expect in 2008. Click on the link below for the full podcast, approximately 15 minutes.
San Carlos Blog 2008 Market Preview
Also, congrats to the following realtors who all won SAMMY Awards for outstanding sales milestones during 2007:
Mary Bee Remax Today
John Shroyer ReMax Today
Michael Ames Cashin
Stanley Lo Greenbanker
Mona Naber Century 21
Rene Daskalakis Remax Today
Donna Marie Baldwin Coldwell Banker
Alex Lehr Lehr Real Estate
Patrick Ryan Alain Pinel
Laura Bertolucci Remax Today
Miriam Chirko Coldwell Banker
George Chopoff Remax Star Properties
Victoria Constantini Alain Pinel
Maxine Dumas Dumas & Company
Patricia Dwyer Cashin Company
Justine Ford Remax Today
Michelle Glaubert Coldwell Banker
Marie Golamco Remax Star
Sarah Hillhouse Coldwell Banker
Haifa Khoury Remax Today
Chet Lane Prudential California Realty
Emily Kim Remax Star
Anna Ow Coldwell Banker
Janet Pepe Davis Carlmont Associates
Glenn Sennet Coldwell Banker
Dave Tapper Cashin Company
Bob Bredel Remax Today
Jessica Eva Remax Today
Samira Chalhoub Remax Dolphin
Jackie Cockreham Remax Today
Greg Damelio Cashin Company
Dee Edmunds Coldwell Banker
Mary Ficklin Remax Today
Sandy Paoli Remax Today
Lana Morin Pierce Intero Real Estate Services
Linda Wei Remax Today
Michael Verdone Economic Concepts
Carmen Miranda Alain Pinel
Joan Wachter Coldwell Banker
Podcast: Play in new window | Download
We just moved into our home in San Carlos over the summer. I am worried that we may have overpaid by about 5%. I know that the future is uncertain, but how long do you think we will need to keep it before it shows a profit?
Hi Rich,
First, I would tell you to relax a little. You chose wisely when you decided to invest in San Carlos. No real estate investment is a sure-thing, but you hedged your bets considerably with your purchase in SC. Many buyers go through a period after purchasing where they believe they paid too much for their home. Now, I don’t know what home you bought, or what you paid for it. If you wanted to email me directly with that info, I would be happy to give you a more thorough opinion. There were a few sales prices that raised some eyebrows last year….but not many.
As to the second part of your question regarding a 5% increase, I would bet you get it in the next 12-18 months. The San Carlos market went up in value last year, and I cannot see why it would suddenly lose steam for 2008, given the high demand, low inventory and low interest rates.