How's the market in the White Oaks area of San Carlos, CA 94070?

How's the market in the White Oaks area of San Carlos, CA 94070?


Last week I did an analysis of the condominium/townhouse market in downtown Palo
Alto, California for a client. The results were fascinating--the price drop between 2007 and 2010 year to date was quite small, less than 5%.

So, that prompted me to check other market segments in towns in San Mateo County and the Silicon Valley where I have listings or have helped buyers this year. One neighborhood in Belmont California saw a decline of approximately 3% during that same period.

Much to my amazement, the story is quite different in the White Oaks neighborhood in San Carlos, CA, traditionally a stronghold in the area:

White Oaks area of San Carlos CA 94070

While a 13% drop in median price is since 2007 is not unusual in San Mateo County as a whole, I was surprised to find a decline that steep in the White Oaks area. These statistics also show that prices have edged up slightly from 2009, and the number of sales are on track to match 2009.

You've heard it before: real estate is definitely local. If you have questions about your area, the spot you call home in the mid-Peninsula or Silicon Valley, I'm here to help.



--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Compass

CA DRE#10215160; 650-465-4547

Lottie@LottieKendall.com

www.LottieKendall.com

Peninsula Living Business Page

www.SFCondosForMe.com

 

 

Comment balloon 6 commentsLottie Kendall • September 24 2010 03:52PM

Comments

Hi Lotte--

Our market is kind of the same on a micro-level, because our 'communities' are really more like tiny neighborhoods. The SOMA/South Beach newer construction has been hit the hardest. The least affected seems to be our sunnier District 5 neighborhoods and the hot parts of the Mission District where the trendy hipster Silicon Valley folks like to live.

Posted by Cece Blase (Paragon Real Estate Group) about 9 years ago

Cece -- isn't it interesting just how very local markets are? I knew SOMA/South Beach was down--so much building there in recent years. Hope to meet you someday--I think we'd have lots to talk about.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 9 years ago

Lottie - this is such great information to share with sellers.  Doesn't it make you crazy when the media insists the market EVERYWHERE is bad?  Every community is unique.  I'm glad things are going well in your area.  And by the way, CONGRATULATIONS on finishing your 30 Day Challenge!!  I hope you enjoyed it as much as you did.

Posted by Karen Bernetti about 9 years ago

Lottie, you have your finger on the pulse of the market and are doing such an excellent job of sharing the information. 

Congrats on the 30/30!

Posted by Mary Kay Hopkins, e-PRO,GRI,CRS (Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB) about 9 years ago

Hi Karen -- it was a GREAT challenge -- thanks so much for inspiring so many of us!

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 9 years ago

Mary Kay, I hope these stats help someone. I found it interesting to drill waaaaay down -- local is more than a state, a county, a town -- specific segments within all of these.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) about 9 years ago

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