The San Carlos Real Estate Week in Review: 2-4-12.
San Carlos Real Estate Summary.
The inventory of single-family residences for sale in San Carlos dropped to its lowest level in a long time when we finished last week with only 24 homes on the market. Having a lean inventory is not that uncommon for early in the year, but even this level is about 20% lower than average for this time of year. This is certainly a source of frustration for many buyers who are patiently waiting for more homes to choose from.
Buying activity has been one consistent factor that is keeping inventory levels low. This past week 7 homes went under contract, which means nearly a quarter of the inventory from the prior week (30) was consumed in just one week! Obviously, there’s still some pent-up demand for homes in San Carlos.
By The Numbers.
Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 2-4-2012:
| San Carlos Housing Data | 2-4-12 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
4 | 0 |
| Average Sold Price |
$728,875 | $0 |
| Average $/Sq Foot |
$482 | 0 |
| Sold Price vs Orig List (%) | 96% | 0% |
| Average DOM of Closed Sales | 42 | 0 |
| Inventory of Active Listings: |
24 | 30 (-20%) |
| Average Price of Active Listings: | $1,006,203 | $965,962 (+4.2%) |
| Average DOM of Active Listings: | 117 | 113 |
| No. of Homes Pending Sale: | 33 | 33 |
| Active-Pending Ratio: |
0.7 : 1 | 1.0 : 1 |
The San Carlos Open House Page.
If you’re looking at open houses this weekend in San Carlos here’s the only link you’ll need: The San Carlos Open House Page. With one click, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.
Single-Family Homes SOLD in San Carlos:
14 Estates Court, San Carlos
Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
| Address | Sold Price | Orig. List | Difference | DOM |
|---|---|---|---|---|
| 14 Estates Court |
$1,025,000 | $1,125,000 | -$100,000 (-8.9%) |
119 |
| 1636 Cordilleras Avenue | $807,500 | $850,000 | -$42,500 (-5.0%) |
28 |
| 10 Molton Avenue | $660,000 | $665,000 | -$5,000 (-0.8%) |
5 |
| 327 Fairfield Drive |
$423,000 | $399,000 | +$24,000 (+6.0%) |
16 |
(Click the “Homes Sold” sign below see all of the homes that have sold in San Carlos in the past 3 months.)
Homes Sold in San Carlos
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Single-Family Homes Pending Sale in San Carlos:
The following homes went “Pending Sale” this week. Click on the address of any of these homes for additional info:
| Address | DOM (days) | List Price |
|---|---|---|
| 1189 Elm Street |
116 | $799,000 |
| 1540 Hull Drive |
40 | $690,000 |
| 2728 Brittan Avenue |
8 | $875,000 |
| 93 Hilltop Drive | 7 | $1,049,000 |
| 416 Winding Way |
327 | $600,000 |
| 173 Cedar Street |
8 | $1,035,000 |
| 1425 Belmont Avenue |
6 | $965,000 |
(Click the “Homes Pending Sale” sign below to see ALL the homes that are Pending Sale in San Carlos.)
Homes Pending Sale in San Carlos
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New Single-Family Home Listings in San Carlos:
2058 Carmelita Drive, San Carlos
Below are the new listings that hit the market this past week in San Carlos. Simply click on the address of each home to get the complete details.
| Address | List Price | BR/BA | Sq Ft (home/lot) | Listed By |
|---|---|---|---|---|
| 2058 Carmelita Drive | $1,895,000 | 4BR/2.5BA | 3,113/7,140 | Jennifer Vitro, Coldwell Banker |
| 142 Coronado Avenue | $1,169,000 | 4BR/3.5BA | 3,990/10,000 | Cameron McIntosh, Alain Pinel Realtors |
| 428 Sycamore Street | $880,000 | 3BR/2BA | 1,790/5,650 | Peter Tao, Coldwell Banker |
(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)
Homes for Sale in San Carlos
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What’s Open This Weekend?
Click the “Open House” sign below to see ALL of the homes and condos scheduled to be open this weekend in San Carlos.
Open House in San Carlos
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(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)
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