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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