The San Carlos Real Estate Week in Review: 6-23-12.

June 24, 2012

159-Mesa-Verde-Way

San Carlos Real Estate Summary.

A milestone was reached this week — for the first time in several months, there were as many homes listed on the market as there were pending sale.   If you've watched the stats in the table below, you now for much of the year that ratio has been below 1.0, which is uncommon in any market for such an extended period of time.  But this week, we finished up with 36 homes for sale and 36 homes pending sale.  This is a small step in the right direction toward a more balanced real estate market.   Perhaps over the summer months the inventory will continue to slowly build back to a normal level…  We'll see.

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 6-23-2012:

San Carlos Housing Data 6-23-12 Prior Week
Closed Sales for the Week:
6 9
Average Sold Price
$1,070,000 $1,267,576 (-15.6%)
Average $/Sq Foot (Sold)
$617 $554
Sold Price vs Orig List (%) 103% 104%
Average DOM of Closed Sales 12 16
No. of Homes Pending Sale: 36 36
Inventory of Active Listings:
36 31 (+16%)
Average Price of Active Listings: $1,299,849 $1,464,234
Average DOM of Active Listings: 32 37
Average $/Sq Foot (List) $572 $583
Active-Pending Ratio:
1 : 1 0.9 : 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:

1439 Cedar Street, San Carlos

1439 Cedar Street, 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
1439 Cedar Street
$1,525,000 $1,450,000 +$75,000 (+5.2%)
13
53 Fay Avenue
$1,260,000 $1,328,000 -$68,000 (-5.1%)
34
2019 White Oak Way
$1,230,000 $1,100,000 +$120,000 (+11.8%)
4
2140 Belmont Avenue
$961,000 $898,888 +$62,112 (+6.9%)
12
220 Oakview Drive
$755,000 $759,000 -$4,000 (-0.5%)
5
24 Plymouth Drive
$689,000 $689,000 $0 (0%)
2

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.

(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
9 Robin Way
32 $1,097,000
233 Club Drive
69 $929,000
2132 San Carlos Avenue
9 $899,000
6 Estates Court
85 $1,825,000

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.

(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:

159 Mesa Verde Way, San Carlos

159 Mesa Verde Way, 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
159 Mesa Verde Way $1,749,000 6BR/3.5BA 3,105/10,956 Miriam Chirko, Coldwell Banker
182 Exbourne Avenue $1,600,000 6BR/3BA 3,510/5,750 Dana Capiello, Keller Williams
182 Crestview Drive $1,279,000 3BR/2.5BA 2,210/8,080 Kamiar Lashgari, California Regency
140 Molton Avenue $1,249,950 5BR/3BA 2,340/9,380 Michelle Glaubert, Coldwell Banker
197 Coventry Court $1,239,000 3BR/2.5BA 2,240/11,700 Melanie Smith, Coldwell Banker
441 Clifton Avenue $1,198,000 4BR/2BA 1,970/6,360 Abe Matar, Landmark
118 Oakview Drive $879,000 3BR/2BA 1,460/6,800 David Young, Coldwell Banker
2063 Arroyo Avenue $800,000 3BR/1BA 1,380/5,000 Linda Scheifler Mark, Alain Pinel Realtor

Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.

(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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Condos and Townhomes Sold in San Carlos:

Below are the condos/townhouses that sold this past week. Click on the address for all of the details:

Address Sold Price Orig. List Difference DOM
1130 Royal Lane
$870,516 $849,516 +21,000 (+2.5%)
10
772 Walnut Street #14
$490,000 $429,000 +61,000 (+14.2%)
13

(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)

Condos Sold in San Carlos

Condos Sold in San Carlos

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address DOM (days)
307 Old County Road #7
6

(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)

Condos Pending Sale in San Carlos

Condos Pending Sale in San Carlos

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address or MLS # or all the details:

Address List Price BR/BA Sq Feet Listed By
3362 La Mesa Drive #9
$590,000 3BR/2BA 1,239 Ellen Vera, Intero

(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)

Condos for Sale in San Carlos

Condos 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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