Neighborhood Spotlight: Mt. Carmel

Quite possibly the buyer favorite in Redwood City, the Mt. Carmel neighborhood (Jefferson-Whipple/El Camino-Alameda) is adored for its flat tree-lined streets, great walkability, proximity to downtown, and the strong sense of community among its residents.  Additionally, unlike the Woodside Plaza neighborhood, Mt. Carmel is home to a fairly diverse selection of architectural styles. In addition to the ranch-style homes from the 50’s, there are Mediteranean-style bungalows, 21st century Craftsman homes, and even some Colonial-style residences.

Mt. Carmel is one of the older neighborhoods in Redwood City, with most of the homes original construction dating back to the 20’s through the early to mid 1930’s. Post WWI, the city saw its first real population spike. And when the population grew, the suburbs formed in concentric circles around the downtown area. Given Mt. Carmel’s proximity to downtown, it was among the first to increase in price.

Fast forward to 2015 – Mt. Carmel has become one of Redwood City’s highest valued neighborhood in terms of price per square foot. City-wide price per square foot numbers have been hovering around the low to mid 800’s for pretty much the entire year. But in the Mt. Carmel neighborhood, sales are regularly breaking the $1,000/SF mark, and occasionally even the $1,100 and $1,200 mark.

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230 Iris Street – a Mt. Carmel home we fixed up and sold earlier this year – 3 bed, 2 bath – 1,830 SF – Sold for $1,595,000

Even with the relatively high price/sqft numbers, the Mt. Carmel neighborhood still offers an affordable alternative to neighborhoods in Menlo Park and Palo Alto with similar aesthetics and walkability.

If you’re looking to buy a home in RWC and would like to learn more about the Mt. Carmel neighborhood, don’t hesitate to call Bryan or Camilo!

Bryan Jacobs: (650) 642-8915
Camilo Perez: (650) 222-2327

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