Arn Cenedella

Archive for the 'San Carlos Real Estate' Category

Cordes San Carlos 2008 Year in Review

40 homes sold in the Cordes area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $964,265 and average sales price was $947,000.

This represents a 98.21% sales price to list price ratio.

Average price per square foot was $595.

Average days on market – list to contract date was 38 days.

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

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:

San Carlos MLS Zone Map

  

MLS Zones in San Carlos

White Oaks -  west of El Camino to Alameda, Eaton to Brittan

Howard Park -  west of El Camino to Alameda, north of Brittan to San Carlos Ave.

Clearfield Park - east of El Camino

Cordes -  north of San Carlos Avenue to City of Belmont

Beverly Terrace -  west of Alameda, north of Brittan to City of Belmont

Alder Manor – west of Alameda, south of Brittan to City of Redwood City

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:

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.

San Carlos November Home Sales at lowest levels in 11 years

November San Carlos home sales are at their lowest levels in 11 years.

In November 2008, 14 San Carlos home sales closed escrow.

Compared to November San Carlos Home Sales as follows:

2007 – 24 closed San Carlos home sales

2006 – 22 closed San Carlos home sales

2005 – 28 closed San Carlos home sales

2004 – 32 closed San Carlos home sales

2003 – 28 closed San Carlos home sales

2002 – 33 closed San Carlos home sales

2001 – 26 closed San Carlos home sales

2000 – 26 closed San Carlos home sales

1999 – 40 closed San Carlos home sales

1998 – 16 closed San Carlos home sales

14 closed sales in November 2008 for San Carlos is about 50% of the 11 year average of approximately 27 San Carlos home sales in the month of November.

I will compare to Palo Alto and Menlo Park in posts to follow.