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The San Carlos Real Estate Week in Review: 3-2-13.

by Chuck Gillooley

San Carlos Real Estate Summary.

The good news is that the inventory of homes for sale in San Carlos rose by a whopping 63% this past week.  That bad news is that we only started off with 8 listings at the beginning of the week.  So the end result is that there’s still not nearly enough homes to choose from in San Carlos.   What’s interesting from the numbers this week is that we’re starting to see firm evidence of the abrupt increase in home prices in San Carlos.  There are two metrics this week that vividly demonstrate this:  The price per square foot jumped to a whopping $669/sq foot for homes that closed escrow this week, and they also fetched 11% above the asking price, on average.  I believe we’ll continue to see much more of this type of performance in the coming weeks.

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 3-2-2013:

San Carlos Housing Data 3-2-13 Prior Week
Closed Sales for the Week:
4 2
Average Sold Price
$1,312,839 $937,500 (+40%)
Average $/Sq Foot (Sold)
$669 $475
Sold Price vs Orig List (%) 111% 101%
Average DOM of Closed Sales 9 25
No. of Homes Pending Sale: 24 25
Inventory of Active Listings:
13 8 (+63%)
Average Price of Active Listings: $1,475,676 $1,528,299
Average DOM of Active Listings: 25 22
Average $/Sq Foot (List) $626 $596
Active-Pending Ratio:
0.54 : 1 0.32 : 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:

1400 Eaton Avenue, San Carlos
1400 Eaton 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
1400 Eaton Avenue
$1,425,000 $1,325,000 +$100,000 (+7.5%)
7
2096 Birch Avenue
$1,375,000 $1,285,000 +$90,000 (+7.0%)
6
1364 Crestview Drive
$1,350,000 $1,188,888 +$161,112 (+13.6%)
11
1355 Central Avenue
$1,101,355 $950,000 +$151,355 (+15.9%)
13

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
8 Sudan Lane 27 $2,495,000
990 McCue Avenue 8 $699,000
2555 Eaton Avenue 15 $1,479,500

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 $2,950,000 4BR/4BA 3,880/11,674 James Shin, Intero
201 Alberta Avenue $1,649,000 4BR/3BA 2,850/6,555 Stephen Hicks, Gateway Properties
218 Manor Drive $1,295,000 3BR/3BA 2,010/5,500 Jim Spirakis, Keller Williams
999 Orange Avenue $1,179,000 3BR/2BA 1,780/5,500 Justine Ford, Today Sothebys
239 Ruby Avenue $1,050,000 3BR/2BA 1,520/4,400 Norine Higgins, Today Sothebys
328 De Anza Avenue $1,034,900 4BR/3BA 2,170/5,900 Jessica Eva, Today Sothebys
2663 Thornhill Drive $775,000 2BR/1BA 1,120/5,650 Louis Trujillo, Heaven ‘N Earth 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

$– $– +(%)

(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)
775 Chestnut Street #21
10
3299 La Mesa Drive #2
6
16 Buttercup Lane
18

(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
416 Portofino Drive #206
$599,000 2BR/2.5BA 1,320 Jean Tsui, Broker

(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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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

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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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