Hot, Getting Hotter The ever increasing pressure on the San Carlos market from the swarms of buyers trying to locate a home in the City of Good Living has hit fever pitch. That's a strong statement, but an accurate one. As mentioned, in the previous six or seven years, we have been averaging about 61 active properties and 28 pending properties on … [Read more...]
Creekside Homes in San Carlos Creekside homes in San Carlos represent some of the best and most prestigious properties in town. San Carlos has several creeks that pass through it, most notably the Cordilleras and Pulgas. Often times, creekside lots are larger than the standard lot and offer considerable privacy due to the additional space … [Read more...]
Comparing San Carlos Many buyers who start to zero in on a home search in San Carlos will also usually consider other nearby towns that offer similar qualities to San Carlos. I pulled the relevant numbers for San Carlos, Belmont, Burlingame and Menlo Park for the last twelve months and inserted them into the table below: This table will be … [Read more...]
If you were to say that the San Carlos real estate market was starved for new listings, it would be the understatement of the year. Nearing an all-time record low for March, there are only 21 Active homes in all of San Carlos right now. Equally amazing, there are currently 52 Pending homes in San Carlos. By comparison, toward the end of March … [Read more...]
First Time Through A Seller's Market For Many Many first time buyers in San Carlos have never experienced a seller's market. For those just trying to break into the market over the past few years, the market has been anything but intimidating. 2012 has ushered in a change in our real estate market. While many of us thought the market would … [Read more...]
A Changing Market The chaotic and fast-paced nature of the San Carlos real estate market for 2012, has been well documented. For those of you involved, or thinking of becoming involved in our market, here are my Friday Thoughts on San Carlos Real Estate: Howard Park. The amount of homes for sale in all of Howard Park: 1. And that home … [Read more...]
A Common Mistake It seems to be happening more and more. Homes in the Oak Park area of San Carlos are being advertised as White Oaks homes. If you are truly set on purchasing a White Oaks home, be sure and do your homework. Much of San Carlos and some realtors believe that the White Oaks area of San Carlos is highlighted in the map shown … [Read more...]
Left at the Altar If you haven't checked the calendar lately, it's March. The months of March, April and May, typically represent the yearly peak of the San Carlos real estate market. It's the time of year when buyers and sellers have an unspoken, mutual understanding: sellers agree to put their homes on the market, and buyers agree to be out in … [Read more...]
Good News/Bad News The good news is that the San Carlos market is hitting on all cylinders right now. The bad news is that some appraisers think San Carlos is stuck in 2009. There is no bigger tug-of-war being fought right now than along the appraisal front....not just for home buyers, but for homeowners looking to refinance as well. What's … [Read more...]
A Swift Market Shift In yesterday's post I made mention of just how fast the San Carlos market went into overdrive. Today, we will look at the causes behind this dramatic shift. The Perfect Storm Take the following ingredients: (1) extremely low inventory levels, (2) 30-year fixed mortgage rates dipping below 4%, (3) an improved local … [Read more...]
