Arn Cenedella

Archive for the 'Real Estate Data' Category

Clearfield Park San Carlos 2008 Year in Review

15 homes sold in the Clearfield Park area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $650,805 and average sales price was $644,733.

This represents a 99.07% sales price to list price ratio.

Average price per square foot was $572.

Average days on market – list to contract date was 42 days.

Here is a list of all homes sold in the Clearfield Park neighborhood of San Carlos in 2008:

Beverly Terrace San Carlos 2008 Year in Review

63 homes sold in the Beverly Terrace area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $1,217,569 and average sales price was $1,185,287.

This represents a 97.35% sales price to list price ratio.

Average price per square foot was $556.

Average days on market – list to contract date was 49 days.

Here is a list of all homes sold in the Beverly Terrace neighborhood of San Carlos in 2008:

Alder Manor San Carlos 2008 Year in Review

33 homes sold in the Alder Manor area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $1,150,532 and average sales price was $1,143,753.

This represents a 99.41% sales price to list price ratio.

Average price per square foot was $570.

Average days on market – list to contract date was 40 days.

Here is a list of all homes sold in the Alder Manor neighborhood of San Carlos in 2008:

Howard Park San Carlos 2008 Year in Review

24 homes sold in the Howard Parks area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $1,092,831 and average sales price was $1,117,995.

This represents a 102.30% sales price to list price ratio.

Average sales price per square foot was $679.

Average days on market – list to contract date was 15 days.

Here is a list of all homes sold in the Howard Park neighborhood of San Carlos in 2008:

White Oaks San Carlos 2008 Year in Review

73 homes sold in the White Oaks area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $1,035,243 and average sales price was $1,208,625.

This represents a 99.36% sales price to list price ratio.

Average sales price per square foot was $651.

Average days on market – list to contract date was 25 days.

Here is a list of all homes sold in the White Oaks neighborhood of San Carlos in 2008:

For South County Real Estate Info, Contact Gretchen

Gretchen Merrick of Intero Real Estate provides regular and timely real estate market information for South Santa Clara County.

Check it out if you are interested in the communities south of San Jose – halfway to Monterey.

Foreclosure Opportunities #2

There are 42 homes currently priced under $300,000 in East Palo Alto and east Menlo Park.

Here is list of homes and asking prices.

Most of these homes are REO or short sale foreclosures.

Lenders are anxious to get these homes sold and “off their books”.

San Carlos Menlo Park Palo Alto inventory levels

76 homes for sale in San Carlos at the present time.

115 homes for sale in Menlo Park at the present time.

92 homes for sale in Palo Alto at the present time.

Inventory in all 3 cities has dropped in the past month as owners take their homes off the market for the holidays or perhaps some owners realize they can not sell their homes for the price they want.

San Carlos Menlo Park Palo Alto % of listings with prices decreases

What percentage of single family homes have had price reductions in San Carlos, Menlo Park, and Palo Alto?

See chart below tracking this data throughout the year.

At the beginning of 2008, about 47% of the homes listed in San Carlos had price reductions. This percentage dropped to about 35% during the psring buying season and then has steadily increased throughout the year to almost 50% of the home currently listed having undergone price reductions.

The pattern for Menlo Park homes in 2008 is similar – starting the year with 34% of the listings having price reduction decreasing in spring to about 30% and rising for the balance of the year to 43% of homes with price reductions.

The pattern in Palo Alto is different than in San Carlos and Menlo Park. Only 20% of the Palo Alto home listings had price reductions at the beginning of 2008. This percentage has increased steadily through the year to 40% at present.

It appears that the real estate slowdown effecting many other areas has finally started to hit Palo Alto as the year went on.

Palo Alto home sales at their lowest levels in 11 years !

November Palo Alto home sales are at their lowest levels in 11 years.

In November 2008, 23 Palo Alto home sales closed escrow.

Compared to November Palo Alto Home Sales as follows:

2007 - 26 closed Palo Alto home sales

2006 - 41 closed Palo Alto home sales

2005 – 38 closed Palo Alto home sales

2004 – 50 closed Palo Alto home sales

2003 - 51 closed Palo Alto home sales

2002 – 37 closed Palo Alto home sales

2001 - 40 closed Palo Alto home sales

2000 - 44 closed Palo Alto home sales

1999 – 47 closed Palo Alto home sales

1998 - 35 closed Palo Alto home sales

23 closed sales in November 2008 for Palo Alto is about 60% of the 11 year average of approximately 39 Palo Alto home sales in the month of November.

On a comparative basis, the Palo Alto market is currently a little stronger than the markets in San Carlos and Menlo Park. As November 2008 sales in Menlo Park and San Carlos are about 50% of the 11 year average compared to 60% for Palo Alto