Arn Cenedella

San Carlos real estate market picks up in Q2 2010

The San Carlos single family home market had an excellent second quarter in 2010.

Roll cursor over chart below to get numeric data.

Here are the market metrics:

Median price in San Carlos increaeed 3.1% to $895,000 from $868,500.
Average price in San Carlos increased 6.8% to $985,159 from $922,456.
The number of homes sold in San Carlos jumped 108.3% to 75 from 36.
The number of pending home sales in San Carlos increased slightly 6.7% to 32 from 30.
Average days on market in San Carlos dropped slightly 3.2% to 34 from 35.

Twice as many homes sold in San Carlos in the second quarter of 2010 compared to the first quarter.

Palo Alto real estate market has good Q2 2010

The following data will show that single family home market in Palo Alto saw a very good second quarter 2010 (Q2 2010).

Move cursor over chart columns to see numeric data displayed.

All market metrics in Palo Alto moved in a positive direction:

Median price up 2.8% to $1,499,500 from $1,410,000
Average price up 9.4% to $1,685,380 from $1,541,200
Number of Palo Alto homes sold up 76.1% to 118 from 67
Number of pending sales of Palo Alto homes up slightly 2.6% to 39 from 38.
Days on market down 45.3% to 34 days from 64 days.

As we see in Menlo Park, Q2 in 2008 and 2009 has been strong in Palo Alto also.

In Menlo Park, average price increased 11.0% in Q2 from Q1.
In Palo Alto, average price increased 9.4% in Q2 from Q1.

Median price in Menlo Park jumped 29.8% compared to Palo Alto’s 2.8%.

Menlo Park real estate has strong Q2 2010

The following data will show that single family home market in Menlo Park saw a very strong second quarter 2010 (Q2 2010).

Move cursor over chart columns to see numeric data displayed.

All market metrics in Menlo Park moved in a positive direction:

Median price up 29.8% to $1,242,750 from $1,212,970
Average price up 11.0% to $1,345,900 from $1,212,970
Number of Menlo Park homes sold up 81.5% to 98 from 54
Number of pending sales of Menlo Park homes up 43.2% to 63 from 44.
Days on market down 29.9% to 38 days from 54 days.

It is interesting to note that the second quarters in 2008 and 2009 were stonger than the first quarters in 2008 and 2009. It will be intersting to see what the third quarter brings. My gut sense is that the market has shifted in a positive direction but maybe the storng Q2 is just the typical spring market activity.

New listings in White Oaks San Carlos

There were several good listings in White Oaks today on tour.

1966 St. Francis Way is listed at $719,000. 2/1 1270sf house 5500sf lot.

Solid good bones good quality rancher with good room sizes.

We're sorry, but we couldn't find MLS # 81031730 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

1966 St Francis Way is now pending – one week on market!

As I noted, an excellent value for a superb location in White Oaks.

There were two new listings on Kelton Avenue, one of White Oaks’ nicer streets – only two blocks long with little thru traffic – walk to White Oaks Elementary.

231 Kelton Avenue is listed at $949,000. 3/2 1,540sf house 5,750 lot sf.

Nicely updated and in wonderful condition. Charming.

We're sorry, but we couldn't find MLS # 81031765 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

231 Kelton Avenue also has sold right away – excellent updated 3/2 on on a great street.

253 Kelton Avenue is listed at $1,180,000. 4/2.5 2,504sf house 4,400sf lot.

Two story home with additions. Lots of square footage.

This listing will be an interesting case study on the White Oaks market. This property was last purchased in October 2007 for $1,180,000 and was put back on the market in June 2008 at a list price of $1,289,000. Property has been off and on market for since that time and is now listed at the sales prices in 2007.

253 Kelton Av, San Carlos, CA 94070 (MLS # 81031038)

(all data current as of 9/2/2010)

Price	$1,099,000
Beds	4
Baths	2 full, 1 part baths
Home size	2,475 sq ft
Lot Size	4,400 sq ft

Remodeled White Oaks home, fabulous contemporary kitchen, large family room, bonus room, large laudry mud room, hardwood floors, fireplace in living room,separate private patio, landscaped yards. One of the most desired blocks in all of White Oaks. Fabulous neighborhood.

Property Type(s): Residential, Detached Single Family

Last Updated	8/23/2010	Tract	n/a
Year Built	1947	Community	El Sereno Corte Etc.
Garage Spaces	2.0	County	San Mateo
Total Parking	2

Price History

Prior to Jul 26, '10	$1,180,000
Jul 26, '10 - Aug 3, '10	$1,150,000
Aug 3, '10 - Today	$1,099,000

Features

Additional Info	Not Applicable / Not Disclosed
Bathroom Features	Tub with Jets
Bedroom Description	1 Master Bedroom Suite
Cooling	No Cooling
Family Room	Separate Family Room
Fire Place_Details	Wood Burning Fireplace
Fireplace Location	In Living Room
Floor Covering	Hardwood
Formal Dining Room	Living Rm/Dining Rm Combo
Foundation	Concrete Perimeter
Garage Parking	2 Car Garage, Attached
Has Fireplaces	Fireplace
Has Pool	No Pool
Heating	Central Forced Air Heat, Gas Heat
Horse Property	No
In Formal Dining Room	Breakfast Bar
Levels	2 Stories
Listing Status	Active
Listing Status_Code	Active
Listing Type	Exclusive Right to Sell(ER)
Lot Description	Level Lot
Lot Size Range	1 to 4, 500 SqFt
Property Style	Traditional
Property Type	Detached Single Family
Property_Inclusions	1 Dishwasher, 1 Refrigerator, Built-In Oven, Cooktop Range, Disposal, Microwave Oven
Roof	Composition
Sewer Septic	Sewer in & Connected
Shower	2 or More Stall Showers
Shower Tub	1 Shower over Tub
Tub	1 Tub
View	Neighborhood View
Warranty Info	No Home Warranty
Water	City/Public Water
Yard Grounds	Patio

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listed with David Young, Coldwell Banker-San Carlos

(view all details for MLS # 81031038)

 

Below you can see median price in the 2nd highest of four price quartiles.

In October 2007,  median price in this quartile was $1,300,000.

Now it is $1,050,000.

Here is the data for the 3rd out of 4 quartiles.

Arn’s New listing in Half Moon Bay 122 Jib Ct $619,000

This 3 bedroom 2 bath home plus den is located on a large lot on a cul-de-sac.

Charming detached building with hardwood floors can be used as artist studio or exercise room.

Property will be open:

Saturday June 26 2PM to 4PM and Sunday June 27 130PM to 430PM.

 

 

 

We're sorry, but we couldn't find MLS # 81030659 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

Here are all Half Moon Bay listings from newest on market to longest.

Showing properties 1 - 10 of 134. See more Half Moon Bay Homes and Condos.
(all data current as of 9/2/2010)

1. $1,250,000 : 0 Lucy Ln, Half Moon Bay
   
   0 beds, 0 baths

   Size: n/a

   Lot size: 20.10 ac
   
2. $429,000 : 260 Troon Wy, Half Moon Bay
   
   2 beds, 2 full baths

   Size: 1,095 sq ft

   Lot size: n/a
   
3. $495,000 : 715 Grandview Bl, Half Moon Bay
   
   2 beds, 2 full baths

   Size: 1,240 sq ft

   Lot size: 5,000 sq ft
   
4. $485,000 : 351 Chesterfield Av, Half Moon Bay
   
   3 beds, 2 full baths

   Size: 1,280 sq ft

   Lot size: 5,000 sq ft
   
5. $362,000 : 412 Myrtle St, Half Moon Bay
   
   2 beds, 1 full bath

   Size: 1,090 sq ft

   Lot size: 7,353 sq ft
   
6. $250,000 : 4100 Cabrillo Hw #201, Half Moon Bay
   
   0 beds, 1 full bath

   Size: 400 sq ft

   Lot size: n/a
   
7. $65,000 : 0 Pacific Av, Half Moon Bay
   
   0 beds, 0 baths

   Size: n/a

   Lot size: 16,300 sq ft
   
8. $987,000 : 419 Burning Tree Ct, Half Moon Bay
   
   3 beds, 2 full baths

   Size: 2,150 sq ft

   Lot size: 5,000 sq ft
   
9. $990,000 : 212 Correas St, Half Moon Bay
   
   4 beds, 3 full baths

   Size: 3,156 sq ft

   Lot size: 7,500 sq ft
   
10. $519,000 : 2 Erin Ln, Half Moon Bay
    
    3 beds, 3 full baths

    Size: 1,700 sq ft

    Lot size: 1,242 sq ft
    

Listing information deemed reliable but not guaranteed. Read full disclaimer.

San Carlos Real Estate Week in Review June 13

8 new single family home listings came on the market this past week in San Carlos.

To view these new listings in San Carlos, click here.

9 single family homes in San Carlos went pending sale this week.

59 single family homes in San Carlos are currently for sale.

37 single family homes in San Carlos currently have pending sales.

62.7% pending to active ratio in San Carlos.

For San Carlos market data, click here.

Palo Alto Real Estate Week in Review June 13

9 new single family home listings came on the market this past week in Palo Alto.

To view these new listings in Palo Alto, click here.

11 single family homes in Palo Alto went pending sale this week.

101 single family homes in Palo Alto are currently for sale.

48 single family homes in Palo Alto currently have pending sales.

47.5% pending to active ratio in Palo Alto.

For Palo Alto market data, click here.

Menlo Park Real Estate Week in Review June 13

14 new single family home listings came on the market this past week in Menlo Park.

To view these new listings in Menlo Park, click here.

11 single family homes in Menlo Park went pending sale this week.

106 single family homes in Menlo Park are currently for sale.

68 single family homes in Menlo Park currently have pending sales.

64.1% pending to active ratio in Menlo Park.

For Menlo Park market data, click here.

Monthly Home Sales: Palo Alto, Menlo Park, and San Carlos

Tracking recent monthly sales data in Palo Alto, Menlo Park, and San Carlos indicates the real estate market is getting stronger and more competitive for buyers.

I have been tracking percentage of sales at or above list price since the start of the year.

Data for the first four months of the year can be found here.

May 2010 Sales at or above list price

• 30.9% in Menlo Park, down from April’s 36.6%.
• 57.4% in Palo Alto, up slightly from April’s 56.2%.
• 75.0% in San Carlos, up from April’s 70.0%.

May 2010 Average Days on Market

• 40 average days on market in Menlo Park
• 27 average days on market in Palo Alto
• 14 days on market in San Carlos

Both metrics indicate the San Carlos market is stronger.

I am interested in why the data is different between these three cities.

Any ideas as to why this is happening?

San Carlos homes are at a lower price point than homes in Palo Alto and Menlo Park.

Perhaps the data indicates higher demand in the more affordable price ranges.

I will need to take a closer look, at the raw data below.

Menlo Park May 2010 sales data

Palo Alto May 2010 sales data

San Carlos May 2010 sales data

How’s the Market in Menlo Park?

How’s the Market in Palo Alto?

How’s the Market in San Carlos?

Menlo Park MLS map areas

Do you ever wonder exactly where all the various Menlo Park neighborhoods are?

Allied Arts? the Willows? Felton Gables? Sharon Heights? West Menlo Park?

Here’s a MAP to help.