San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 8-18-12. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 8-18-12.

by Chuck Gillooley

San Carlos Real Estate Summary.

Just when it seemed like the inventory of homes for sale in San Carlos would remain above 30 for awhile, it quietly dropped about 16% this past week leaving only 26 homes for sale in the entire city.  It’s not out of the normal for inventory to drop in August — it’s just not normal for the number to be this low.  The listing activity during these next critical two weeks leading up to Labor Day weekend will tell you a whole lot about what to expect from the market this fall.   If we get the customary surge in listings, then it will be a very robust 2.5 month fall season.  If inventory stays lean, it’s going to be more tough sledding for buyers.  Stay tuned…

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 8-18-2012:

San Carlos Housing Data 8-18-12 Prior Week
Closed Sales for the Week:
4 2
Average Sold Price
$1,248,750 $1,403,512 (-11%)
Average $/Sq Foot (Sold)
$591 $710
Sold Price vs Orig List (%) 100% 109%
Average DOM of Closed Sales 40 10
No. of Homes Pending Sale: 37 34
Inventory of Active Listings:
26 31 (-16%)
Average Price of Active Listings: $1,398,852 $1,307,874
Average DOM of Active Listings: 54 49
Average $/Sq Foot (List) $598 $570
Active-Pending Ratio:
0.7 : 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:

248 Chesham Avenue, San Carlos
248 Chesham 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
248 Chesham Avenue
$1,625,000 $1,650,000 -$25,000 (-1.5%)
45
181 Glasgow Lane
$1,525,000 $1,575,000 -$50,000 (-3.2%)
12
197 Coventry Court
$1,310,000 $1,239,000 +$71,000 (+5.7%)
6
924 Montgomery Street
$535,000 $525,000 +$10,000 (+1.9%)
96

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
719 Park Avenue
9 $1,210,000
200 Edgehill Drive
1 $1,350,000
182 Crestview Drive
52 $1,279,000
119 Palm Avenue
11 $979,000
1148 Cedar Street
9 $649,950
100 Cedar Street
7 $729,000
9 Kirkwood Way
62 $1,398,888

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:

28 Oak Creek Lane, San Carlos
28 Oak Creek 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
28 Oak Creek Lane $3,500,000 4BR/4BA 3,880/11,674 Tim Earley, Coldwell Banker
1 Coleman Court $1,595,000 4BR/3BA 3,090/10,800 Joyce Romeo, Intero
2740 Milano Way $1,150,000 4BR/3BA 2,173/8,532 Bob Bredel, Today Sothebys
268 Crestview Drive $1,099,000 3BR/2BA 1,300/16,700 Trish Ward, Intero
853 Cordilleras Avenue $1,098,000 3BR/2BA 1,570/7,614 Teri Shaughnessy, RE/MAX

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
728 Elm Street #202
$415,000 $349,950 +$65,050 (+18.6%)
8

(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)

(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

$-

(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
  • I see that only 25 listings are active now and only 7 of them are BELOW $1MM…

    What does this mean?

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    • Michael,

      That is a very astute observation. What it means is that prices are going UP at an astronomical rate right now in San Carlos. You’ll see some absolutely eye-popping sales figures on this site in the coming weeks. As a datapoint, a typical 3BR/2BA ~1,500 sq foot rancher was fetching about $950K last year and earlier this year. Now, they’re topping $1M rather easily — some even breaking the $1.2M mark. And with only 24 listings on the market, it’s not going to stop any time soon.

      CG

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