The San Carlos Real Estate Week in Review: 12-15-12.

December 16, 2012

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San Carlos Real Estate Summary.

As predicted, the inventory of homes for sale continued to drop this week, and now sits at 14 homes for sale in all of San Carlos.  Of these 14 homes, 4 of them are spec homes or remodels that are in process, so the net effective inventory is really 10.   Ouch.  By comparison, there are only 11 homes for sale in Belmont, so it's clearly an issue that spans outside of San Carlos.    Sellers who have their homes ready to sell are likely waiting until after the New Year to put their homes on the market.  Let's just hope there are lots of them waiting to go.

Here are the numbers from last 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 12-15-2012:

San Carlos Housing Data 12-15-12 Prior Week
Closed Sales for the Week:
7 4
Average Sold Price
$1,134,375 $879,000 (+29%)
Average $/Sq Foot (Sold)
$600 $670
Sold Price vs Orig List (%) 102% 101%
Average DOM of Closed Sales 16 76
No. of Homes Pending Sale: 17 22
Inventory of Active Listings:
14 16 (-13%)
Average Price of Active Listings: $1,757,354 $1,778,875
Average DOM of Active Listings: 93 94
Average $/Sq Foot (List) $542 $568
Active-Pending Ratio:
0.82 : 1 0.73 : 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

San Carlos Open House List

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Single-Family Homes SOLD in San Carlos:

112 Beverly Drive, San Carlos

112 Beverly Drive, 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
112 Beverly Drive
$1,565,000 $1,585,000 -$20,000 (-1.3%)
10
3313 Melendy Drive
$1,299,000 $1,299,000 $0 (0%)
12
140 Colton Avenue
$1,235,000 $1,199,888 +$35,112 (+2.9%)
5
193 Lemoore Drive $1,178,000 $1,149,950 +$28,050 (+2.4%)
13
2508 Nanette Drive
$1,040,000 $1,198,000 -$158,000 (-13.2%)
59
800 Bauer Drive
$980,000 $899,000 +$81,000 (+9.0%)
10
28 Winding Way
$945,000 $849,500 +$95,500 (+11.2%)
14
1035 McCue Avenue
$833,000 $715,000 +$118,000 (+16.5%)
6

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
511 Hillcrest Road 14 $895,000
3394 Melendy Drive
11 $1,499,000
1322 Pebble Drive
183 $1,695,000
1353 Avenue
7 $949,000
2430 Eaton Avenue
8 $1,095,000

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:

2706 Brittan Avenue, San Carlos

2706 Brittan Avenue, 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
2706 Brittan Avenue $1,125,000 4BR/3BA 2,020/6,652 Sylvia Calderon, Green Bay Realty

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
772 Walnut Street #6
$500,000 $478,000 +$22,000 (+4.6%)
12

(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
25 Trillium Lane
$765,000 2BR/2.5BA 1,793 Joanna Lem, Gilmartin Group
641 Cedar Street #104
$765,000 2BR/2BA 1,178 Ellen Larios, Today Sothebys

(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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(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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