What’s New on the Mid-Peninsula?
Well, I can’t say that there is a flood of listings coming on the market, with only 39 newbies in the last week between the three cities. Redwood City leads the way with 20, followed by Belmont with 11 and San Carlos bringing up the rear with 8 new listings. Given that this is a prime time to put a house on the market, I’m surprised there are not more. Could sellers be hanging on, waiting for the market to turn?
Over in Belmont, there are currently 69 listings (58 SFR, 11 condos) with prices ranging from $369,000 to $2,500,000. Fifty-five percent of the listings are under the $1,000,000 market. In San Carlos, I found 93 homes on the market, 63 of which are SFR with the remaining 30 being condos and townhouses. The price range here is similar to Belmont, starting at $443,800 and going up to $2,600,000. Redwood City, the hardest hit of the 3 cities when it comes to foreclosures and REOs, has a whopping 259 listings right at this moment, of which 231 are single family homes. The price spread is a bit wider here, with one lone listing under $200,000 ($185,000 to be exact) and at the other end of the spectrum a large home in the hills for $3,295,000. Seventy-three percent of the homes in the county seat are under $1,000,000, making it more affordable than its brethren.
Here are my top 3 new listings for each city:
1434 Maddux, Redwood City 4/2.5, 2070 sf, 8791 sf lot, $997,500 ($482/sf)
(photo right) Very nicely remodeled (inside and out) rancher in the Woodside Plaza neighborhood. High-end upgrades, great yard with covered patio. Downside is the location across from the middle school.
435 Avenue del Oro, Redwood City 3/2.5, 2500 sf, 6800 sf lot, $1,149,000 ($479/sf)
(photo below) Really lovely home in Mt. Carmel with lots of windows and light. Sunroom off back, nicely landscaped yard, plus 1300 sf bonus room. Might be slightly overpriced but worth checking out on Sunday from 1:30 to 4:30.
3527 Oak Knoll, Redwood City 3/2.5, 2400 sf, 8857 sf lot, $1,550,00 ($646/sf)
I love, love, love this house. It is ultra modern, with sexy curves and lots of windows. Just 3 years old, it originally sold in 2005 for $1,420,000. Open houses for the next two weekends, Saturday and Sunday, from 1:30-4:30.
2205 Pullman, Belmont 2/2, 1361 sf, 10650 sf lot, $899,000 ($661/sf)
Nice home on a large lot in Haskins/Country Club Estates above the Alameda. Updated and remodeled, you can check it out for yourself this Sunday, May 18th from 1:30-4:30.
24 Arroyo View Circle, Belmont 3/2.5, 1520 sf, $899,000 ($591/sf)
Ten-year-old attached single family home with lots of light. This is a very nice small community off Ralston. Very well kept up with small parks. HOA: $322/mo.
3715 Encline Way, Belmont 4/3, 1950 sf, 5850 sf lot, $1,069,000 ($548/sf)
1950s updated rancher, also in Haskins/Country Club Estates above the Alameda.
885 Buckland, San Carlos, 3/2, 1550 sf, 8100 sf lot, $879,000 ($567/sf)
Mid-century modern home with walls of windows. Located on a corner lot, this one will take a bit of persistence to find as it is located deep in the maze behind Belmont’s Twin Pines Park. Should be worth the effort though. Open House Sunday 1:30-4:30.
438 Hillcrest, San Carlos 3/2.5, 1773 sf, 5500 sf lot, $998,800 ($563/sf)
(Photo right) Located off San Carlos Avenue, this is a two-story home on a hill.
890 Somerset, San Carlos 3/3, 2510 sf, .58 acre lot, $1,300,000 ($518/sf)
Original owners, first time on the market. This home sits high atop San Carlos with some spectacular views, which you can see for yourself during a special twilight open house on the 16th from 6-9 pm or on Sunday the 18th from 1:30 to 4:30.
