The San Carlos Real Estate Week in Review: 5-5-12.

May 6, 2012

San Carlos Real Estate Summary.

Pending sales dropped significantly this week, with only 4 homes going into contract.  This is most likely due to a lack of inventory to choose from, and not reflective of a lack of buyer interest.    Several of the listings that hit the market this week will be pending this coming week too, as buyer interest remains strong.  But to give you an idea of how lean the inventory is, there are currently only 2 homes for sale in all of the White Oaks, one in Oak Park, and zero in Howard Park.   So for home buyers looking for the flats or wanting to stay close to downtown,  there's very little to choose from right now.

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 5-5-2012:

San Carlos Housing Data 5-5-12 Prior Week
Closed Sales for the Week:
10 11
Average Sold Price
$1,069,360 $758,091 (+42%)
Average $/Sq Foot
$524 $567
Sold Price vs Orig List (%) 101% 97%
Average DOM of Closed Sales 28 74
No. of Homes Pending Sale: 43 48
Inventory of Active Listings:
21 20 (+5%)
Average Price of Active Listings: $1,458,326 $1,492,284 (-2.3%)
Average DOM of Active Listings: 32 35
Active-Pending Ratio:
0.5 : 1 0.42 : 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:

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
1999 Eaton Avenue
$1,725,000 $1,950,000 -$225,000 (-11.5%)
25
248 Bay View Drive
$1,400,000 $1,400,000 $0 (0%)
1
2713 Clifford Avenue
$1,200,000 $1,089,000 +$111,000 (+10.2%)
8
1030 Crestview Drive
$1,150,000 $1,069,000 +$81,000 (+7.6%)
8
104 Windsor Drive
$1,060,000 $1,049,950 +$10,050 (+1.0%)
6
917 Bauer Drive
$915,000 $995,500 -$80,500 (-8.1%)
12
1920 Belmont Avenue
$850,000 $799,997 +$50,003 (+6.3%)
6
1439 Cordilleras Avenue
$810,000 $879,000 +$69,000 (-7.8%)
185
29 Upland Avenue
$793,000 $749,000 +$44,000 (+5.9%)
13
819 Sunset Drive
$790,000 $595,000 +$195,000 (+32.7%)
14

Note: The sold data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

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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
308 Chesham Avenue
11 $1,550,000
140 Pearl Avenue
7 $869,000
159 Leslie Drive
11 $1,165,000
325 Clifton Avenue
70 $1,388,831

Note: The pending data provided above is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction.

 

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New Single-Family Home Listings in 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
111 Beverly Drive $1,895,000 4BR/4BA 2,850/7,300 Bob Bredel, Today Sothbeys
864 Bauer Drive $1,179,000 4BR/2BA 2,100/6,800 Doug Gonzalez, Coldwell Banker
901 Crestview Drive $1,099,000 4BR/2BA 1,970/9,576 Trish Ward, Intero
41 Walton Street $979,000 3BR/2BA 1,650/6,700 Liz Pollard, Alain Pinel Realtors
2041 Brittan Avenue $899,950 3BR/2BA 1,830/6,795 Alex Lehr, Lehr Real Estate
1640 Hull Drive $699,000 2BR/1.5BA 1,590/6,200 Marc Romer, RE/MAX Star

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