San Carlos CA 94070 Market Update

San Carlos is the final mid-peninsula city we are going to talk about this week. It's a charming town between Belmont and Redwood City. What I like so much about San Carlos is its downtown which is filled with locally owned shops and restaurants. The train station, sitting along El Camino Real, was built in the late 1800's and is a wonderful landmark for the city.

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 intermendiate 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.