Thumbs up to an Opportunity in White Oaks

getcontents.jpg

280 Oakview Drive in San Carlos is listed by Brian Chancellor of Alain Pinel Realtors.  This brand new home has 4 bedrooms, 3 baths and 2,835 square feet.  The price: $1,195,000.  The catch: the home is not yet finished.  The seller estimates that the home will need another 200K to completely finish the home to its specs.   This would bring the total purchase price to $1,395,000....a very fair deal for a 2,800+ square foot, new construction, home in White Oaks.  Certainly worth investigating if you have some … [Read more...]

Expect Low Inventory for San Carlos in 2009

arrowdown.png

Low inventory was the main story for San Carlos real estate for 2008.  Expect it again in 2009. There are more than a handful of buyers who believe there is going to be a sudden burst of lingering inventory in San Carlos over the next two months. Don't bet on it.  While some neighboring cities are experiencing an abundance of inventory, San Carlos has remained relatively low. While our inventory levels were locked for November and December, there was noticeable movement in January.  San Carlos currently has 56 … [Read more...]

Education Parcel Tax Could be on Special Ballot in May

school_bus.jpg

There is a strong sense among community members that if an additional parcel tax for education was put before the voters again, it would pass.  Measure S, the "Excellence in Education Tax" was poised to replace the current Measure D Parcel tax which would have raised the parcel tax from $75 to $185.  Measure S came up just short in the November election, with 65.6% of voters supporting the Measure.  66.7%  was the percentage needed to pass Measure S. At urging of numerous community members the San Carlos School … [Read more...]

4 Key Questions for the 2009 San Carlos Spring Market

gold-key.JPG

The real estate market in San Carlos is a bit of a moving target right now.  One day it is ripe for a "meeting of the minds" between buyers and sellers and the next day the two could not be further apart.  "Volatile" might be a bit of a strong word because we do not have a ton of price fluctuation.  However, there seems to be a great deal of confusion and uncertainty on behalf of both buyers and sellers.  Listed below are 4 key questions for our upcoming 2009 Spring Market: (1) Who does this market benefit the … [Read more...]

Gavin Newsom Heading to San Carlos on Tuesday

San Francisco Mayor Gavin Newsom has selected San Carlos as his San Mateo County city in which to make an appearance to possibly promote his upcoming bid for California's highest political office in 2010.  Mayor Newsom will be introduced by the current mayor of San Carlos, Bob Grassilli on Tuesday as part of a Town Hall event.  You can read the complete article by clicking here. … [Read more...]

Upcoming Spring Fling Auction Item

springflingbanner.jpg

This year's annual Spring Fling is less than two months away.  Each year the San Carlos Educational Foundation works very hard to provide our schools with additional funds.  Their annual Spring Fling event is the largest fundraiser for our schools.  Given the recent defeat of Measure S and other budget cuts by the State of California, the revenue generated by Spring Fling will be as important as ever. Each year Spring Fling has a different theme.  This year's theme is "Stars for Education...Lights Camera Action!" … [Read more...]

2009 San Carlos Market Preview

The 2009 San Carlos residential real estate market is officially upon us.  So, what will 2009 hold for San Carlos properties? My advice:  fasten your seat belt.  Before looking at 2009, let's take a look at 2008.  By clicking on this icon 2008-sales-san-carlos.pdf   you will be able to see the vital statistics for every sold property in San Carlos in 2008. Here is a brief summary: All of San Carlos 2008: Total Homes Sold:  247 Average Sales Price:  $1,057,751 Average Price Per Square Foot:  $620.63 Below are … [Read more...]