The Market is
RETURNING TO NORMAL
Through the last few years, the real estate market has been highly unpredictable. 2020 saw the market flatline briefly before a slow build-up. 2021 was the first year of explosive growth, which led into a volatile start to 2022. By the middle of the year, interest rates catapulted, and the market slowed greatly. However, experts are predicting good signs for the market ahead!
the FutuRe looks PRomising FoR moRtgage Rates
January recorded a four-month low, with the average 30-year fixed rate dropping to 6.15%. Rates are almost a full percentage point lower than the peak last October.
Rates aRe PRedicted to Fall in the FiRst QuaRteR
Experts are predicting further mortgage rate decreases, with another potential 0.5% drop by the end of March. This is great news for both sellers and buyers!
house FliPPing is dwindling
As the cost-to-benefit ratio dries up, house flipping is becoming less common. With the loss in profitability, more buyers have a better chance at their dream home.
There’s plenty of opportunity to make a great profit in selling your home. If you’ve thought about selling this year, give me a call at 650.504.4016 and let me provide you with a thorough comparative analysis to get the best response from the market.
suPPly is still histoRically low
Demand is still outpacing supply, which indicates a healthy market. Buyers are still buying homes, albeit at a slightly slower pace.
Carlos Hills PRESENTED BY TERI SHAUGHNESSY YOUR SAN CARLOS HILLS REAL ESTATE SPECIALIST 662 Laurel Street | Suite A San Carlos, CA 94070 TERI SHAUGHNESSY REALTOR® DRE# 01789302 650.504.4016 Teri@Sereno.com www.TeriShaughnessyHomes.com www.LiveInSanCarlos.com Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2023 Get Current Listings, Market Activity, Home Assessments, and More Instantly At: www.LiveInSanCarlos.com Prepared Especially for REAL ESTATE MARKET REPORT | MARCH 2023
San
Leonardo and Angelica, Leonardo and Angelica Washington
INVENTORY IS LOW!
CALL FOR A FREE CONSULTATION & HOME EVALUATION
Leonardo and Angelica,
If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, record-low supply, and fierce buyer competition. With less competition, you could sell faster and for more money! Call me today at 650.504.4016 to get started.
Leonardo and Angelica,
are thinking of selling, call me today at 650.504.4016, or visit my website for your free home value assessment! www.LiveInSanCarlos.com
San Carlos Hills Homes Currently Active
There are currently no homes available in San Carlos Hills.
San Carlos Hills Homes Currently Pending
There are currently no homes pending in San Carlos Hills.
TERI SHAUGHNESSY REALTOR® DRE# 01789302 650.504.4016 Teri@Sereno.com www.TeriShaughnessyHomes.com www.LiveInSanCarlos.com Connect with me on: San Carlos Hills Real Estate Market Report Teri Shaughnessy and Sereno 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. © 2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the PRO MLS between August 18th, 2022 and February 17th, 2023. Listings and sales may not be those of Sereno. 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.
6
Status Address Bedrooms Total Bathrooms Estimated Square Feet* List Price Sold Price Sold Date Sold 205 Timothy Drive 3 3 2,100 $2,795,000 $2,700,000 02/10/23 Sold 2620 Eaton Avenue 3 2 1,500 $1,788,000 $1,925,000 01/31/23 Sold 41 Eaton Villa Place 4 3 1,900 $3,495,000 $3,300,000 01/06/23 Sold 2544 Eaton Avenue 3 1 1,700 $1,499,888 $1,400,000 12/09/22 Sold 28 Granite Court 3 4 2,900 $2,998,000 $3,100,000 12/07/22 Sold 2726 Debbie Court 3 2 2,100 $2,189,000 $2,100,000 11/29/22 Sold 15 Krista Lane 4 3 2,600 $2,695,000 $2,730,000 11/18/22 Sold 2701 Eaton Avenue 3 2 2,000 $2,299,888 $2,100,000 10/21/22 Sold 2721 Victoria Manor 3 2 1,600 $2,197,500 $1,995,000 10/17/22 Sold 10 Val Mar Place 4 3 2,900 $2,879,900 $2,515,000 09/07/22 Sold 15 Belle Roche Avenue 5 5 4,000 $3,785,000 $3,600,000 08/29/22 Sold 2403 Howard Avenue 3 2 1,700 $2,495,000 $2,625,000 08/26/22 If you
A visual representation of the MLS data on the right page. SAN CARLOS HILLS | CURRENT MARKET ACTIVITY Active Pending/Under Contract Sold ©2023 Google
San Carlos Hills Homes Sold in the Past
Months