The San Carlos Real Estate Week in Review: 3-30-13.
April 1, 2013
San Carlos Real Estate Summary.
I overheard a conversation this week between two agents that the market might actually be slowing down in San Carlos (no, this is not an April Fool's joke). I'm not quite sure where that perception came from — maybe it's the fact that some of the recent sales were “only” getting 4-6 offers, instead of the lofty double-digit offer counts of some previous sales. But if you want an indication of the temperature of this market this past week, just look at the Pending Sales section below. Eight homes went pending last week — seven of those eight were gone in under two weeks. One never had an open house.
It's not slowing down, folks. You heard it here first.
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 3-30-2013:
| San Carlos Housing Data | 3-30-13 | Prior Week |
|---|---|---|
| Closed Sales for the Week: |
5 | 6 |
| Average Sold Price |
$1,636,400 | $1,004,000 (+63%) |
| Average $/Sq Foot (Sold) |
$604 | $685 |
| Sold Price vs Orig List (%) | 101% | 106% |
| Average DOM of Closed Sales | 19 | 10 |
| No. of Homes Pending Sale: | 27 | 22 |
| Inventory of Active Listings: |
10 | 14 (-29%) |
| Average Price of Active Listings: | $1,288,200 | $1,307,000 |
| Average DOM of Active Listings: | 10 | 13 |
| Average $/Sq Foot (List) | $626 | $642 |
| Active-Pending Ratio: |
0.37 : 1 | 0.64 : 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.
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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 |
|---|---|---|---|---|
| 8 Sudan Lane |
$2,310,000 | $2,495,000 | -$185,000 (-7.4%) |
27 |
| 140 Arundel Road |
$1,850,000 | $1,895,000 | -$45,000 (-2.4%) |
38 |
| 147 Leslie Drive |
$1,622,000 | $1,385,000 | +$237,000 (+17.1%) |
14 |
| 1030 1/2 Sunset Drive |
$1,550,000 | $1,549,000 | +$1,000 (+0%) |
14 |
| 2663 Thornhill Drive |
$850,000 | $775,000 | +$75,000 (+9.7%) |
4 |
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.
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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 |
|---|---|---|
| 200 Kelton Avenue | 9 | $1,100,000 |
| 1309 Elm Street | 4 | $1,220,000 |
| 10 Shratton Avenue | 7 | $1,499,000 |
| 1817 Brittan Avenue | 11 | $995,000 |
| 12 Gaylord Court | 8 | $949,000 |
| 2706 Brittan Avenue | 106 | $1,050,000 |
| 1919 Howard Avenue | 6 | $1,149,000 |
| 976 Holly Street | 7 | $735,000 |
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.
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 |
|---|---|---|---|---|
| 3193 La Mesa Drive | $1,388,000 | 3BR/2.5BA | 2,040/7,800 | Anthony Hoffman, Realtor |
| 91 Wessex Way | $1,368,000 | 4BR/2BA | 2,170/7,290 | Vicky Costantini, Sequoia Realty |
| 128 Ruby Avenue | $829,000 | 2BR/1.5BA | 1,310/4,400 | Tim Earley, Coldwell Banker |
| 1023 Inverness Drive | $795,000 | 3BR/2BA | 1,540/5,000 | Joe Ledesma, J Rockliff Realtors |
| 1004 Sylvan Drive | $750,000 | 2BR/1BA | 1,181/5,000 | Chris Eckert, Keller Williams |
Note: The listing data provided above is strictly for informational purposes only, and should not imply that the author is the listing agent.
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