San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 3-3-12. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 3-3-12.

by Chuck Gillooley

San Carlos Real Estate Summary.

As you might expect to see in a strengthening market with tight inventory, prices are starting to inch upward in San Carlos.  A significant percentage of the homes that are selling right in San Carlos now are fetching multiple offers, which almost always drives the prices above initial asking price.  This week was no different, as the average sold price was 102% of the list price.  On top of that, the of the 5 homes that went pending during the week, 4 of them were on the market for 2 weeks or less — usually an indication that there was strong demand for those homes.

This doesn’t mean that everything is selling above list like it did back in the peak of 2007, but be prepared for the possibility that if there’s a place that catches your eye, it has probably caught a few others too.   Here are the numbers for the week:

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 3-3-2012:

San Carlos Housing Data 3-3-12 Prior Week
Closed Sales for the Week:
9 4
Average Sold Price
$998,111 $793,750 (+26%)
Average $/Sq Foot
$555 $590
Sold Price vs Orig List (%) 102% 97%
Average DOM of Closed Sales 28 13
Inventory of Active Listings:
25 25 (0%)
Average Price of Active Listings: $1,127,082 $986,159 (+14.2%)
Average DOM of Active Listings: 77 77
No. of Homes Pending Sale: 38 40
Active-Pending Ratio:
0.6 : 1 0.6 : 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:

338 Hill Way, San Carlos
338 Hill Way, 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
338 Hill Way $1,300,000 $1,349,000 -$49,000 (-3.6%)
60
2760 Debbie Court $1,281,000 $1,099,000 $182,000 (+16.6%)
14
93 Hilltop Drive
$1,057,000 $1,049,000 +$8,000 (+0.8%)
7
173 Cedar Street $1,040,000 $1,035,000 +$5,000 (+0.5%)
8
1425 Belmont Avenue $1,035,000 $965,000 $70,000 (+7.3%)
6
52 Roslyn Avenue $885,000 $845,000 +$20,000 (+2.3)
6
2728 Brittan Avenue
$860,000 $875,000 -$15,000 (-1.7%)
8
1189 Elm Street $810,000 $829,000 -$19,000 (-2.3%)
116
1334 Cordilleras Avenue
$715,000 $765,000 -$50,000 (-6.5%)
23

(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
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
1257 Magnolia  Avenue
112 $795,000
9 Robin Way
12 $797,000
1052 Cherry Street
6 $565,000
664 Chestnut Street
7 $850,000
1195 Elm Street
14 $625,000

(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:

1 Lewis Ranch Road, San Carlos
1 Lewis Ranch Road, 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
1 Lewis Ranch Road $2,750,000 6BR/6.5BA 5,640/37,840 Elyse Barca, Alain Pinel Realtor
1 Maple Way $895,000 3BR/2.5BA 1,640/5,100 Tom Neel, Coldwell Banker
850 Orange Avenue $629,000 2BR/1BA 1,040/5,500 John Herrmann, Today Sothebys
24 Winding Way $625,000 2BR/2BA 1,336/7,684 Kathryn Bedbury, 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
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
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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