San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 7-28-12. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 7-28-12.

by Chuck Gillooley

San Carlos Real Estate Summary.

For the first time in quite a few weeks, the number of active listings is slightly higher than the number of pending sales (32 vs 30.)  This is more in line with a balanced real estate market — a ratio of 2 to 3 is more what you’d expect to see in a normal year.  We’ve been below 1 for much of 2012, as you’ve probably noticed in the table below.

The summer effect was definitely felt last week, and we’re getting ready to enter what is traditionally one of the slowest months in the real estate year.  Demand should continue to push home sales — it’s just a question of how many new listings will feed that demand.

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 7-28-2012:

San Carlos Housing Data 7-28-12 Prior Week
Closed Sales for the Week:
8 5
Average Sold Price
$1,104,500 $1,014,000 (+8.9%)
Average $/Sq Foot (Sold)
$594 $506
Sold Price vs Orig List (%) 101% 101%
Average DOM of Closed Sales 19 20
No. of Homes Pending Sale: 30 33
Inventory of Active Listings:
32 35 (-8.6%)
Average Price of Active Listings: $1,337,101 $1,365,991
Average DOM of Active Listings: 46 43
Average $/Sq Foot (List) $581 $556
Active-Pending Ratio:
1.1 : 1 0.8 : 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:

165 Exeter Avenue, San Carlos
165 Exeter Avenue, 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
1050 Drake Court
$1,500,000 $1,500,000 +$0 (+0%)
0
165 Exeter Avenue
$1,400,000 $1,449,950 -$49,950 (-3.4%)
21
240 Windsor Drive
$1,125,000 $1,100,000 +$25,000 (+2.3%)
5
9 Robin Way
$1,034,000 $1,097,000 -$63,000 (-5.7%)
32
1392 Oakhurst Avenue
$1,020,000 $988,000 +$32,000 (+3.2%)
2
2063 Arroyo Avenue
$950,000 $800,000 +$150,000 (+18.8%)
10
118 Oakview Drive
$907,000 $879,000 +$28,000 (+3.2%)
9
233 Club Drive
$900,000 $929,000 -$29,000 (-3.1%)
69

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
159 Mesa Verde Way
31 $1,698,000
2388 Brittan Avenue
9 $759,000
206 Devonshire Boulevard
6 $1,595,000

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:

40 Trillium Lane, San Carlos
40 Trillium Lane, 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
40 Trillium Lane $2,888,882 4BR/4.5BA 4,982/43,000 Donna Marie Baldwin, Coldwell Banker
26 Stanford Lane $1,178,000 4BR/2BA 2,060/4,400 Alex Lehr, Lehr Realty
177 Exbourne Avenue $947,500 3BR/2.5BA 1,560/6,250 Carrie Du Bois, Coldwell Banker
1407 Cedar Street $835,000 3BR/2BA 1,360/4,680 David Young, Coldwell Banker
436 Prospect Street $789,000 3BR/2BA 1,200/6,950 Michael Johnston, Alain Pinel Realtors

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
3362 La Mesa Drive #9 $577,500 $590,000 -$12,500 (-2.1%)
11
307 Old County Road #7 $400,000 $389,500 +$10,500 (+2.7%)
6
728 Elm Street #308 $361,000 $324,950 +$36,050 (+11.1%)
8
222 Laurel Street #208 $220,000 $219,0000 +$1,000 (+0.4%)
18

(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)
7 Calypso Lane
8

(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
6 Calypso Lane
$569,500 2BR/2.5BA 1,793 Robert Horwitz, Coldwell Banker
1700 San Carlos Avenue #201
$389,900 2BR/2BA 1,300 Johnny Heckenberg

(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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Comments 2
  • Chuck, we just noticed yet another home in our neighborhood that, after not selling for the past few weeks, has raised their price $76,000. No improvements have been made, in fact, this house is really a teardown.

    I believe it was priced with the expectation of multiple offers. They are now asking what they paid for the house when they bought it a few years ago.

    What could the realtor and owner possibly think the message that is being sent to the market is??

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    • Michael,

      It’s hard to say what the strategy is in a situation like this. The market has certainly strengthened over the past few months, and there have been homes that I thought were over-priced that ultimately had no problem fetching (or exceeding) the asking price. In an inventory-constrained market like this, you never know what you’ll get as a seller.

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