The median sized home is 3 bedrooms and 2 baths sitting on lot between 6500 and 8000 square feet.  This is a bigger lot than most of our local cities, too.  The typical house has about 1800 square feet but a lot of that square footage might have been added on from the original house.

Altos Research says the Market Action for San Carlos sits at 22, making it a Cool Buyer’s Market.  The market has been at bottom for some time kind of bouncing along moving up a little and down a little week by week.  Yet prices haven’t dropped but are moving upward once again.  Why you ask?  Too few for sale and those on the market are likely bigger and better, that’s why.  Altos Research did an algorithm change back in October of 2007 and that caused a shift in the Market Action Index, which is why you see the big drop there. Altos REsearch says a Buyer’s Market shifts into a Seller’s Market at the number 30.  San Carlos isn’t too deeply into a Buyer’s Market.

The chart for Median Price hit bottom in January so you’re too late if you are trying to time the bottom.  Prices rise typically this time of the year and this chart is jumping all over the place but not much has changed over the past two weeks.  The orange line is the 90 day trend and the black is for 7 days.

The final chart here shows the Inventory of homes currently for sale and they have climbed significantly over the past two years but really, there are onloy 65 houses for sale in the entire city.  That’s why prices stay up, folks.  Until we see more houses come on the market around here, prices will command high prices.

San Carlos has great weather, great schools, one of my favorite downtowns with free parking, and is an easy commute to the Silicon Valley or San Francisco.  What more could you want?  If you want more data on San Carlos just ask.  We’ll get it to you.

Like the six other cities I’ve written about this past week, they too are at the Cool Buyer’s level in our Altos Research report.  The median price of homes for sale last week was at $1,125,000 and the average days on the market was 65.  About a third of the homes on the market have seen price reductions.

San Carlos has two distinct areas.  The older part of town is in the low lands, where it tends to be a little bit warmer in the summer.  The newer parts of San Carlos are up in the hills and many of those homes have spectacular views of the bay.  It’s not impossible to find property with views of San Francisco to the north and San Jose to the south.

The Market Action Index tells us how good or bad a market is by measuring the current rate of sale versus the amount of inventory, and it has been trending down lately and inventory has been climbing.  These
two trends imply a weakening market as there were 68 homes for sale.

Buyers should expect to a find reasonable selection in the homes for sale with the Market Action Index
below 30 and San Carlos has only dipped there recently.

San Carlos has good public schools and has four elementary schools, one public charter elementary school and two intermediate schools. High school students either attend Carlmont in San Carlos or Sequoia in Redwood City.

Like its sister cities along the mid-peninsula, the commute is easy down to the Silicon Valley or up to
San Francisco.  It’s home to Hiller Aviation Museum a wonderful place to explore aircraft from the inside out.  Hiller Helicopter Company once built helicopters in San Carlos many years ago.

San Carlos is a great place to live and raise a family.  We are here to assist you if you’d like more information.

San Carlos

The highest priced home for sale in San Carlos last week was $2,975,000 and the least was $599,516.  The average days on the market was 60 and there were 58 homes for sale.  The most homes sold last week were
around $1,099,000 and there were 6 that sold.

Lots are larger in San Carlos than in other communities we serve.  The homes are generally bigger, too.  The  median sized home for sale last week had almost 2000 sq. feet and it sat on a lot likely around 7000 sq. feet or larger.

San Carlos sits closer to Silicon Valley and the commute south is pretty easy.  The high priced homes sit high up in the hills with panoramic views of the bay.  These are generally newer homes built within the past 10 years.

The schools are excellent in San Carlos.  It has it’s own elementary school district and high schoolers in the northern part of the city attend
Carlmont High School in Belmont and in the Southern portion attend Sequoia High School in Redwood City.   San Carlos has many
condominiums in the hills and around the downtown area.  Townhouses sit up at the top of the hills off of Cresview Drive.  Many have great views, too.  Altos Research provides our data and I am happy to give you regular reports.  Just call us.

San Carlos made international headlines several years ago when one of their City Council members announced he was resigning because he could not afford to buy a house in his home town.  He had grown up in San Carlos but was unable to afford the housing as an adult.  A sad commentary on the affordability index for the San Francisco Peninsula.

The median price for a single family home last week was $1,293,000.  The median house likely has 3 bedrooms and 2 1/2 baths and is about 2000 square feet.  Prices have been trending up for some time in San Carlos but this hasn’t stopped things.  There were 48 houses on the market for an average of 70 days.  The Market Action Index has been flat recently and the trend is pointing to a weakening market.  But things are always tight on the Peninsula and the local conditions are still slightly in the Seller’s Market zone
making it a Warm Seller’s market.

San Carlos has good public schools, an easy commute either down to the Silicon Valley or up to San Francisco and it’s not far to SFO.  Many of the homes sit in the flats not too far from downtown.  The homes in the hills can have fabulous views of the Bay or hills.  There are condos and townhouses both near downtown and in the hills.

Altos Research has provided me with all of my data in these reports.  If you’d like more information like this, please let me know and I’ll be happy to give you an indepth report for your Peninsula community.