• 2023 Market Report
  • San Carlos Neighborhoods
    • Alder Manor
    • Beverly Terrace
    • Clearfield Park
    • Cordes
    • Howard Park
    • White Oaks
  • About
    • About
    • Testimonials
    • Bob’s Production
  • Contact
  • Commitment to Mental Health Awareness
  • San Carlos Blog

  • 2023 Market Report
  • San Carlos Neighborhoods
    • Alder Manor
    • Beverly Terrace
    • Clearfield Park
    • Cordes
    • Howard Park
    • White Oaks
  • About
    • About
    • Testimonials
    • Bob’s Production
  • Contact
  • Commitment to Mental Health Awareness

San Carlos Housing Market Will Avoid Normal Holiday Season Slowdown

October 17, 2012

house-prices-rising

Not A Normal Year

Each year the San Carlos housing market has a predictability factor that allows agents to advise their clients on when to buy and sell a home.  For example, the time period of March through May is generally accepted as the time of the year with the highest inventory and most transactions.  September through October offers a secondary window of high activity.  The summer months can be tricky due to vacation schedules.  Similarly, the second half of November through January can be seem like a ghost town for both buyers and sellers as people are simply preoccupied with holiday activities.  For 2012, you can throw all of it out the window.
2012 has been the year of a massive correction in the San Carlos housing market.  With the giant backlog of buyers still trying to get into the limited inventory of homes in San Carlos, the correction is not yet complete.  The time of year has not mattered for 2012, when it comes to inventory.  Inventory levels have been at historic lows since January and have remained that way for the entire year.

Remember How We Got Here

It’s just not 2012 that saw historically low inventory levels.  This has been building for the last four years.  With the bite taken out of the San Carlos market by the national downturn of 2008, many sellers did not want to sell at a loss.  Consequently, our inventory levels were mostly made up of (1) those who could no longer afford their home; (2) trustee/probate sales; and (3) those who felt comfortable enough to sell their home at a loss off of the high, and purchase another home.  Combined, these three groups do not normally account for average levels of inventory.  What you are witnessing now in San Carlos, is (1) a four year backlog of buyers who tried to time the bottom of the market, (2) an improving economy, (3) rock-bottom interest rates;  and (4) very little inventory.

Plain and Simple

Because of the massive backlog of buyers and the optimal purchasing environment that exist right now, sellers should not fear putting their home on the market right before the traditional holiday season. One of the benefits to running a site such as this, and conducting the number of transactions that I have been fortunate enough to complete in San Carlos, is that I get a unique perspective in calibrating the true demand on our city.  The following is a fairly bold statement, but I can only call it as I see it:  I believe the demand on San Carlos right now is greater than at any point in the past, including 2005.
The buyer pool has been growing for the last four years while the inventory levels have been dropping.  Even with escalating prices in 2012, the pressure has not been released on the buyer demand.  In conjunction with the other contributing factors mentioned in this post, the pressure coming from overflow buyers from Palo Alto, Menlo Park and Burlingame is also responsible for the upward movement of our market.
As long as this type of demand keeps up, listing your home at the traditionally more quiet times of the year should offer very little difference your ultimate sales price.

Share

2012 San Carlos Real Estate  / Featured  / San Carlos Real Estate

Bob Bredel

Leave A Reply


Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • 2008-2023 SCEF Diamond Sponsor

    San Carlos Education Foundation

    Since 2008 I am proud to have donated auction items and cash totaling $300,000 to the San Carlos Education Foundation.
    Learn More
  • Subscribe

    Get it straight from the top! Bob Bredel is the #1 Realtor for total San Carlos sales volume 2008-2022. Never miss out on San Carlos news by getting our blog in your inbox. As an added bonus, receive quarterly real estate market reports.

    • This field is for validation purposes and should be left unchanged.

  • Ask Bob Bredel

    Bob Bredel

    Got a question about San Carlos or the real estate market? Bob can help.
    Contact Bob


  • Christie's International Real Estate Sereno

  • Contact

    Bob Bredel
    650-520-9343
    bob@bredelhomes.com

             

  • Address

    Christie’s International Real Estate Sereno
    662 Laurel Street, Suite A
    San Carlos, California 94070

  • Subscribe

    Subscribe to receive notifications when new posts are added to the San Carlos Blog.

    • This field is for validation purposes and should be left unchanged.


  • © 2023 San Carlos Blog
  • Privacy Policy
  • CalDRE: 01493564
Website by Style Agent

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}