LIVE. LOVE. LOCAL.
Your local real estate update & resource
SUMMER 2023
Where Dreams Come True
Are you dreaming of building your own house just steps away from the beach but don’t want to go through the planning process? Look no further! 90 Madrone offers a buildable lot with approved plans with San Mateo County for a 2,050 square foot three bedroom and three bathroom home located just 2 blocks from the beach. This spectacular west-side Moss Beach location is close to Seal Cove Beach, Fitzgerald Marine Reserve, Moss Beach Distillery, and coastal trails! Peace and serenity on the coast await you with easy access to commute routes to San Francisco or Silicon Valley.
Find out more at www.90Madrone.com
90
MADRONE
- Brian Wilson
Alana "Summer means happy times and good sunshine "
Sunshine and long days cause us all to slow down and enjoy life a little more. Whether you are tied to the school year schedule or not, there is something about the dog days of summer that bring some joy, peace and rejuvenation Hopefully your summer has been filled with fun, love and travels near or far! Enjoy my summer edition of Live.Love.Local and reach out anytime if I can help you with anything at all! ALANACORSO VP Experience, San Carlos Broker Associate DRE 01914996 650.504.0270 Alana@AlanaCorso com AlanaCorso.com 662 Laurel Street, Suite A, San Carlos, CA 94070
We are real estate that GIVES
BACK
I truly believe in giving back to the community in which I live and work and I am excited to share the Sereno 1% For Good Charitable Foundation. I am honored to support this program!
1% For Good Overview
Sereno 1% For Good Charitable Foundation believes in giving back to the places we live and love. We believe by investing with local partners and organizations who are working to create positive change, together we can change the world
The model is based on agent-inspired giving. Christie's Sereno agents choose to participate in the Sereno 1% For Good initiative for each and every transaction. When an agent contributes, 1% of the gross commission is pledged to Sereno 1% For Good Charitable Foundation
Christie's Sereno has provided over 5 million in funding to more than 400 local organizations. We believe better companies make better communities.
OneLifeCounseling
One Life Counseling Service is a non-profit counseling center in downtown San Carlos. They provide counseling for anyone at any cost They partner with multiple local agencies in the community to educate, engage, support and provide resources They are a 501 (c) (3) non-profit organization of skilled therapists and change agents who aim to inspire, educate, and provide accessible counselingforanyonewhoneedsit.
Alana interviewed Suzie Hughes, Executive Director of One Life Counseling, for her Mamas in Business series You can watch the video here
San Carlos Education Foundation PLATINUM SPONSOR
As a San Carlos resident and mom to 3 children that have attended the amazing public schools here, I am proud of my longstanding commitment to the San Carlos Education Foundation. I have been a Board Member since 2016 and a financial supporter since my oldest started in the district in 2009 My office is now the exclusive Real Estate Sponsor with a financial commitment this year of $25,000 to benefit every child, every day in every classroom
Market UPDATE
"Where have all of the houses gone?" seems to be With my love of data, I recently ran some eyeperspective In San Mateo County in July '23 there were $662M in single family home sales completed compared to $792M in July '22 and $1.292B in July '21 which was the highest July sales volume ever. Simply put, there aren't very many homes selling.
There are a few factors causing this. First, I think that some of the sales in 2020 & 2021 were future sellers that jumped up their selling timeframes Perhaps they could work remotely and move out of area or they needed more space since kids were online learning and parents were working from home so they fast-tracked their "move-up" buy. Secondly, a major factor we hear a lot about is interest rates. When the Fed started raising interest rates in 2022, it impacted prices, pushing them down and decreasing buying power. While most buyers in the marketplace realize today's current rates are not decreasing anytime soon and it is what it is, those who refinanced or purchased at 2 5-4% interest rates simply don't want to move to lose their interest rate
Thirdly, we are not seeing very many corporate relocations Companies are rightsizing, requiring employees to report into the office a few days per week and are not going to pay to move someone across the country unless they are in a niche field I typically have a wide variety of reasons why my clients need to sell a home. All of my closed listings this year except one were because someone passed away and the beneficiaries don't want to keep the property, usually because of Proposition 19.
According to the California Association of Realtors, "California market remains competitive as inventory shortage persists: Although rising rates have impacted some buyers by reducing purchasing power, California has maintained the modest gains it made after falling to levels not seen since the 2008 financial crisis late last year. Currently, housing inventory continues to drop by double-digits in terms of both new inventory hitting the MLSs as well as total homes available for sale at any given time This, more so than higher interest rates, is the limiting factor preventing a more robust recovery in home sales "
Market UPDATE
CITY AVG SALES PRICE MEDIAN SALES PRICE SALES VOLUME Atherton $9,497,420 $7,550,000 $379,896,800 Belmont $2,215,538 $2,200,000 $170,596,456 Burlingame $2,915,316 $2,710,500 $239,055,909 Daly City $1,178,154 $1,185,000 $197,929,817 Foster City $2,313,875 $2,300,000 $113,379,899 Half Moon Bay $1,904,657 $1,710,000 $97,137,500 Hillsborough $6,294,041 $5,350,000 $377,642,456 Los Altos $4,332,120 $4,002,000 $515,522,266 Los Altos Hills $6,057,362 $5,300,000 $175,663,500 Menlo Park $3,657,693 $3,400,000 $519,392,448 Millbrae $1,992,773 $1,965,000 $105,616,985 Mountain View $2,663,774 $2,550,000 $298,342,672 Pacifica $1,346,914 $1,280,000 $127,956,850 Palo Alto $3,946,104 $3,400,000 $737,921,425 Portola Valley $4,026,781 $3,700,000 $116,776,640 Redwood City $2,091,220 $1,997,000 $455,885,970 Redwood Shores $2,455,672 $2,430,000 $31,923,742 San Bruno $1,390,511 $1,375,000 $118,193,464 San Carlos $2,365,395 $2,250,000 $309,866,804 San Mateo $2,043,864 $1,810,000 $478,264,182 So San Francisco $1,215,224 $1,228,500 $111,800,577 Woodside $7,279,700 $4,400,000 $254,789,512
AVG PRICE/SQ FT NO. OF SALES DAYS ON MARKET $1,831 40 56 $1,144 77 19 $1,362 82 28 $798 168 22 $1,067 49 17 $795 52 36 $1,397 60 37 $1,704 119 17 $1,494 29 34 $1,540 142 22 $1,091 53 25 $1,536 112 16 $884 95 21 $1,853 187 28 $1,420 29 36 $1,156 218 21 $1,127 13 19 $940 85 21 $1,263 131 20 $1,152 234 18 $889 92 21 $1,904 35 47 Data 01/01/23 - 07/31/23 from MLSListings, Inc
Local EVENTS
celebrate COMMUNITY
Community Movie Nights
Flanagan Field, Burton Park, San Carlos, Sunset, approx 8:30 p m
Aug 19: Thor: Love and Thunder
San Carlos Block Party
600 Block of Laurel Street, San Carlos
Sun, Aug 27, 4 to 8 p m
Bring your own glass for an eco-friendly Block Party; learn about sustainable practices while you sip your beverage of choice!
Music on the Square
Courthouse Square, Redwood City
Fri, 6 p.m. - 8 p.m. Thru Sep 1
From rock & reggae, to Americana & much more music fans of all ages will be thrilled to discover and enjoy the most popular summer concert series on the Peninsula!
Shakespeare in the Park
Red Morton Park, Redwood City
Sat & Sun, 6 p.m. Thru Aug 27
Families can participate in this community event by pitching a tent and camping under the stars in Burton Park! BBQ dinner & continental breakfast included
music BAY AREA
Stern Grove Festival
Sigmund Stern Grove, San Francisco
Dates through August 20
Join us at Stern Grove Festival as the oldest outdoor music festival in the San Francisco
This year marks Chicago’s 56th consecutive year of touring Setlist will include timeless fan-favorites that span multiple decades and are beloved by fans of all ages!
Outside Lands
Golden Gate Park, San Francisco
Fri Aug 11 - Sun Aug 13
The 15th annual Outside Lands is coming in hot with headliners like Kendrick Lamar, Foo Fighters and Odesza
C M W
street fair season BAY AREA
Mountain View Art & Wine Festival
Downtown Mountain View
Sat. Sept. 9 - Sun. Sept. 10
The 15th day of the eighth moon of the Chinese calendar is the autumn moon. San Francisco's Autumn Moon Festival celebrates a time of family gathering and thanks for a good harvest with lion dancing, food, music and of course, mooncakes
Mid Autumn Moon Festival
Chinatown, San Francisco
Sat. Sept. 23 - Sun. Sept. 24
The 15th day of the eighth moon of the Chinese calendar is the autumn moon San Francisco's Autumn Moon Festival celebrates a time of family gathering and thanks for a good harvest with lion dancing, food, music and of course, mooncakes
Palo Alto Festival Of The Arts 2023
University Avenue, Palo Alto
Sat. Aug. 26 - Sun. Aug. 27
The Palo Alto Chamber of Commerce and City of Palo Alto host a community-friendly festival on University Avenue. Over 250 artists and crafters display their work, and there is a kids' art area The Kiwanis Club serves alcohol, but dogs are not allowed
eats BAY AREA
g
www angelicasllc com
863 Main St, Redwood City
American eats served in a lively space with a full bar, a patio & multiple stages for entertainment.
Fuki Sushi
www fukisushi com
4119 El Camino Real, Palo Alto
Sushi and other classic Japanese dishes draw diners to this traditional spot offering tatami rooms
Quinto Sol
www solrestaurantsca com/quinto
2201 Broadway, Redwood City
Stylish spot with high ceilings, lavish decor & tequila bar serving upscale Mexican Pueblan cuisine.
eats BAY AREA
desserts
Noelani's
www noelanis com
1037 Laurel St, San Carlos
Casual spot with Hawaiian fusion fare & tropical drinks, as well as outdoor seating
Copenhagen
www copenhagenbakery com
1216 Burlingame Ave, Burlingame
Casual spot for all-day American-European meals, plus baked goods, including Danishstyle pastries
Client Love
My husband and I have been married for 37 years and have done 20+ real estate transactionsbuying, selling, primary, investment. Alana is truly TOP of all the Realtors we have worked with!!!
-Kim,SanCarlos
AlanaCorso
Your Trusted
Real Estate Partner
Live simply. Dream big. Be grateful. Give love.
