Buyers Face Competition for Dwindling Supply The San Carlos real estate market remains extremely inventory constrained. Inventory was low at the end of 2011 and has actually fallen further in 2012, completely against the typical seasonal pattern evident in at least the past seven years. There were less than 25 homes for sale in San Carlos at…..
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I thought I’d share some interesting data we ran for each of the towns I cover on the north peninsula. The data includes the median home price, number of sales, the lowest and highest closed sales, and the percentage of list price received, for real estate in Burlingame, Hillsborough, San Mateo, San Carlos, Belmont, Foster…..
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Inventory Plummets The inventory of for-sale homes has a normal seasonal pattern, reaching a peak in the summer and a trough at the end of the year. In each of the nine years from 2004 to 2011, inventory rose in the first quarter of the year (see columns in black). 2012 has been quite different……
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Buyers Face Competition for Dwindling Supply The San Carlos real estate market is becoming increasingly inventory constrained. The typical seasonal pattern is for the inventory of unsold homes to peak in the summer, when most sales activity occurs and trough in the winter holiday period. Sure enough, in the latter half of 2011, inventory declined down to 36…..
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Sales Activity Continues to Climb Since reaching a nadir in 2008, the number of homes sold in San Mateo County increased in each of the next three years. Through the first two months of 2012, sales are again ahead of the prior year pace. There have been 519 homes sold so far this year, versus…..
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An Overview of the 2011 San Carlos Real Estate Market The best word to describe the 2011 real estate market in San Carlos is “stable”. The number of listings, selling values, average home size, inventory and average days on market were all essentially flat in 2011 as compared to 2010. One area that was not…..
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An Overview of the 2011 San Carlos Real Estate Market The best word to describe the 2011 real estate market in San Carlos is “stable”. The number of listings, selling values, average home size, inventory and average days on market were all essentially flat in 2011 as compared to 2010. One area that was not…..
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There were mixed signals in the San Mateo County real estate market in 2011, but overall, there was evidence of further recovery from the depths of 2008 and 2009. One of the strongest signs was the number of transactions. There were 4,633 homes sold in 2011, up 5% from 2010 and 13% from 2009. It…..
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In September, there were 26 homes that sold in San Carlos. Through the first nine months of the year, there have been 217 sales, up 19% from the prior year, and up 35% from 2009. This is not surprising given how desirable San Carlos is a place to live, coupled with the excellent public elementary school…..
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In August, there were 26 homes that sold in San Carlos. Through the first eight months of the year, there have been 188 sales, up 13% from the prior year, and up 31% from 2009. This is not surprising given how desirable San Carlos is a place to live, coupled with the excellent public elementary school…..
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In July, there were 29 homes that sold in San Carlos. Through the first seven months of the year, there have been 162 sales, up 15% from the prior year, and up 36% from 2009. This is not surprising given how desirable San Carlos is a place to live, coupled with the excellent public…..
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