San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 9-29-12. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 9-29-12.

by Chuck Gillooley

San Carlos Real Estate Summary.

One segment of the market that doesn’t get much airplay on this site is the condo/townhouse market.  It’s a smaller segment than the single-family home market in San Carlos, but no less important.  When the market tanked about 4 years ago, this market really took a beating — much more so than homes.  The rate of short sales and foreclosures was far higher than the rest of the market in San Carlos as investors and owners in this segment were wiped out by the steep drop in values.

But the condo/townhouse segment has made a nice, steady recovery over the past 12 months.  Prices have steadily climbed as buyers and investors swooped in to pick up some pretty good values.  Many of the foreclosures and short sales are now off the books, and this market is as hotly contested as the market for single family residences.  In fact, as of this post there are NO condos or townhomes for sale in the entire city of San Carlos!    So it shouldn’t be a surprise when you see the strong sales prices that are posted below for the most recent condo sales.

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 9-29-2012:

San Carlos Housing Data 9-29-12 Prior Week
Closed Sales for the Week:
6 2
Average Sold Price
$946,548 $661,250 (+43%)
Average $/Sq Foot (Sold)
$628 $642
Sold Price vs Orig List (%) 103% 105%
Average DOM of Closed Sales 14 8
No. of Homes Pending Sale: 32 31
Inventory of Active Listings:
28 31 (-9.7%)
Average Price of Active Listings: $1,564,710 $1,502,452
Average DOM of Active Listings: 52 52
Average $/Sq Foot (List) $591 $590
Active-Pending Ratio:
0.9 : 1 1.1 : 1

The San Carlos Open House Page.

If you’re looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, 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.

San Carlos Open House List

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
853 Cordilleras Avenue
$1,280,000 $1,098,000 +$182,000 (+16.6%)
8
631 Wellington Drive
$1,061,837 $899,000 +$162,837 (+18%)
7
268 Crestview Drive
$1,005,000 $1,099,000 -$94,000 (-8.6%)
14
177 Exbourne Avenue
$939,850 $947,500 -$7,650 (-0.8%)
7
1045 Sunset Drive
$759,000 $749,000 +$10,000 (+1.3%)
36
774 Cedar Street
$633,600 $699,000 -$65,400 (-9.4%)
9

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

___________________________________________________________________

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
1376 Chestnut Street
8 $879,000
945 Chestnut Street
0 $700,000
946 Hall Street
13 $649,000
10 Cranfield Avenue
126 $920,111
935 Alameda
13 $899,000
885 Bauer Drive
14 $1,349,000

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

___________________________________________________________________

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
2508 Nanette Drive $1,198,000 4BR/2BA 1,910/9,152 Donna Black, Coldwell Banker
68 Madera Avenue $998,000 5BR/3BA 2,439/5,550 Petra Breckova, Coldwell Banker
1464 Cordilleras Avenue $975,000 3BR/2BA 1,350/4,400 John Nelson, Coldwell Banker
790 Orange Avenue $975,000 2BR/1.5BA 1,570/11,534 Mark Vincent, Coldwell Banker

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

___________________________________________________________________

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
7 Poppy Lane
$1,060,000 $975,000 +$85,000 (+8.7%)
10
436 Portofino Drive #201
$820,000 $789,950 +$30,050 (+3.8%)
8
3341 Brittan Avenue #6
$513,000 $469,000 +$44,000 (+9.4%)
9
222 Laurel Street #106
$253,000 $219,000 +$34,000 (+15.5%)
2

(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

___________________________________________________________________

Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address DOM (days)
3322 Brittan Avenue #3
20
3355 Brittan Avenue #3
12

(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

___________________________________________________________________

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

___________________________________________________________________

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

___________________________________________________________________

Want Your Info Sooner?

I post sales data as it happens — just click on the buttons below to follow the White Oaks Blog on Twitter and the White Oaks Blog Page on Facebook

The White Oaks Blog on Twitter

The White Oaks Blog on Facebook

———————————————-

(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

———————————————

__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
Leave a comment