The San Carlos Real Estate Week in Review: 4-20-13.

April 22, 2013

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San Carlos Real Estate Summary.

Price per square foot is a topic that we'll address later this week on the blog.  It's one of a few different ways to measure the relative affordability (or lack thereof) of housing in a particular area.  Using this metric instead of average or median sales price sometimes makes more sense, because that it factors the size of the house out of the equation and provides you with a metric that can be compared to all homes in the area.

Ironically, the number that jumped out at me most in the data below is the price-per-square-foot of the homes that closed escrow this past week: $719/sq foot.  As an average figure, this is pretty breathtaking when you consider that only a couple of years ago, the $600/foot threshold in San Carlos was really reserved for new construction or recently remodeled homes.  Now, that milestone would be considered below average for any given week.  More to follow on that topic later in the week.

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 4-20-2013:

San Carlos Housing Data 4-20-13 Prior Week
Closed Sales for the Week:
5 5
Average Sold Price
$1,266,255 $1,253,200
Average $/Sq Foot (Sold)
$719 $642
Sold Price vs Orig List (%) 111% 110%
Average DOM of Closed Sales 13 43
No. of Homes Pending Sale: 25 25
Inventory of Active Listings:
15 12
Average Price of Active Listings: $1,528,493 $1,462,571
Average DOM of Active Listings: 13 11
Average $/Sq Foot (List) $638 $608
Active-Pending Ratio:
0.6 : 1 0.56 : 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:

3193 La Mesa Drive, San Carlos

3193 La Mesa 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
3193 La Mesa Drive
$1,488,000 $1,388,000 +$100,000 (+7.2%)
11
124 Chestnut Street
$1,465,000 $1,178,000 +$287,000 (+24.4%)
8
200 Kelton Avenue
$1,220,000 $1,100,000 +$120,000 (+10.9%)
9
12 Gaylord Court
$1,155,000 $949,000 +$206,000 (+21.7%)
8
1335 Howard Avenue $1,003,275 $1,095,000 -$91,725 (-8.4%)
30

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
1517 School Street 9 $1,100,000
1512 Howard Avenue 5 $700,000
860 Bauer Drive 10 $949,000
370 Hill Way 7 $1,495,000
908 Leslie Court 15 $1,595,000

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:

108 Dundee Lane, San Carlos

108 Dundee 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
108 Dundee Lane $1,495,000 4BR/3BA 2,400/10,414 Craig Smith, Intero
955 Buckland Avenue $1,495,000 4BR/3.5BA 2,655/8,415 Phil Waddingham, Intero
1345 Oakhurst Avenue $1,199,000 3BR/1.5BA 1,500/6,500 Liz Rhodes, Alain Pinel Reators
1415 Alameda $848,500 3BR/1BA 1,180/5,500 Bobbi Decker, Today Sothebys
1989 Belle Avenue $749,000 2BR/1BA 1,200/5,858 Maya Sewald, Coldwell Banker
1055 Springfield Drive $674,888 2BR/1BA 820/5,000 Dave Blewett, Intero

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
5 Calypso Lane $900,000 $818,000 +$82,000 (+10%)
9
633 Elm Street #118 $660,000 $660,000 +$0 (+0%)
50

(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)
3 Geranium Lane 2
772 Walnut Street #16 11
3310 Brittan Avenue #11 15

(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
15 Daffodil Lane $949,950 3BR/2.5BA 2,310 Eddie Azzopardi, Realty World
757 Elm Street $599,950 2BR/2BA 1,000 Greg Pierce, Intero
728 Elm Street #304-305 $599,950 3BR/3.5BA 2,000 Sandy Paoli, 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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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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