Teri Shaughnessy REALTOR®
Dwell Realtors
1940 Ralston Avenue Belmont, CA 94002 ®
DRE# 01789302
650.504.4016
San Carlos Hills
Real Estate Market Report | September 2020
Teri@TeriShaughnessyHomes.com www.TeriShaughnessyHomes.com www.LiveInSanCarlos.com
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | © 2020
Get Current Listings, Market Activity, Home Assessments, and more instantly at:
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FEATURED LISTINGS LISTED BY TERI SHAUGHNESSY
Presented by Teri Shaughnessy ACTIVE - Call for more details!
UNDER CONTRACT
105 De Anza Ave, Redwood City $2,325,000 4 Beds | 3 Baths | 2,338 Est. Sq. Ft.
956 Edgecliff Way, Redwood City $2,365,000 4 Beds | 3 Baths | 2,494 Est. Sq. Ft.
Johnathan and Angela-Marie, Thinking of selling? Your home deserves exceptional listing service, marketing savvy, and negotiation expertise that result in a successful sale. Call me today at 650.504.4016 for a confidential discussion.
Your San Carlos Hills Real Estate Specialist
Prepared Especially for
Johnathan and Angela-Marie Williams
San Carlos Hills
Teri Shaughnessy REALTOR ®
Dwell Realtors® DRE# 01789302
Real Estate Market Report
Johnathan and Angela-Marie, If you are thinking of selling, call me today at 650.504.4016, or visit my website for your free home value assessment! www.LiveInSanCarlos.com
650.504.4016
Teri@TeriShaughnessyHomes.com www.TeriShaughnessyHomes.com www.LiveInSanCarlos.com
San Carlos Hills Homes Currently Active
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COMPARING 2020 TO 2008
ARE THEY DIFFERENT?
Status
Street Name
Bedrooms
Bathrooms
Estimated Square Feet*
List Price
Active Active
De Anza Avenue
4
3
2,300
$2,325,000
Timothy Drive
3
2
2,300
$2,449,000
Active
La Barthe Lane
4
3
2,500
$2,650,000
Active
Hill Way
4
3
2,500
$2,795,000
San Carlos Hills Homes Currently Pending Status
Street Name
Bedrooms
Bathrooms
Estimated Square Feet*
List Price
Pending
Amber Court
3
3
1,900
$1,900,000
San Carlos Hills Homes Sold in the Past 6 Months COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market. Annual Home Price Appreciation
Inventory and Appreciation
Source: Black Knight
12.5%
In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash.
2000 2001 2002 2003 2004 2005
Now...
Source: Freddie Mac
6.5%
The 6 Years Leading up to The Housing Crash
Total Home Equity Cashed Out Then...
8.5% 8.7%
8.6%
4.4%
The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.
by Refinance in Billions
11.4%
Year
Dollars
Year
Dollars
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
5.2% 5.5%
6.4% 4.8% 4.7%
The Last 6 Years 2014 2015 2016 2017 2018 2019
Use of Home Equity
Bedrooms
Bathrooms
Estimated Square Feet*
List Price
Sold Price
Sold Date
2740 Bromley Drive
4
3
2,200
$2,625,000
$2,600,000
08/21/20
Sold
23 Tasker Lane
4
3
2,800
$3,250,000
$3,352,000
08/06/20
Sold
37 Maple Way
3
2
1,700
$1,900,000
$1,900,000
08/03/20
Sold
2764 Bromley Drive
3
2
1,900
$1,999,000
$2,100,000
07/31/20
Sold
1455 Alameda De Las Pulgas
3
2
1,400
$1,649,000
$1,725,000
07/24/20
Sold
6 Val Mar Place
4
4
2,600
$2,898,000
$3,003,000
07/23/20
Sold
2959 Eaton Avenue
4
3
4,600
$3,498,000
$3,498,000
07/06/20
Sold
510 De Anza Avenue
3
3
1,800
$1,850,000
$1,760,000
06/26/20
Sold
2610 Howard Avenue
3
1
1,100
$1,498,000
$1,500,000
06/15/20
Sold
442 De Anza Avenue
4
3
2,700
$2,298,000
$2,320,000
06/12/20
Sold
186 Wildwood Avenue
2
2
1,500
$1,598,000
$1,550,000
05/22/20
Sold
1 Maple Way
3
2
1,600
$1,668,000
$1,768,000
05/15/20
Sold
28 Alameda De Las Pulgas
2
1
1,000
$1,298,000
$1,250,000
04/08/20
Sold
8 Belle Roche Avenue
4
4
3,500
$2,799,000
$3,250,000
04/02/20
Sold
2648 Howard Avenue
3
2
1,500
$1,795,000
$1,810,000
03/27/20
Status
Address
Sold
Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth.
WHAT IS YOUR HOME WORTH IN TODAY'S MARKET? Find out your home's value today at:
This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.
Johnathan and Angela-Marie, Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at 650.504.4016. Source: www.watersongmortgage.com
LIVEINSANCARLOS.COM
**Listed by Teri Shaughnessy Teri Shaughnessy and Dwell Realtors are not in any way affiliated with San Carlos Hills Owners Association, nor is this in any way an official advertisement or publication of San Carlos Hills. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the PRO MLS between February 25th, 2020 and August 25th, 2020. Listings and sales may not be those of Dwell Realtors. The PRO MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.*Estimated square feet rounded to the nearest hundred.