Teri Shaughnessy_San Carlos Hills_September 2020

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:

www.LiveInSanCarlos.com

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.