San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 11-9-13. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 11-9-13.

by Chuck Gillooley

Entry-Level Insanity.

There doesn’t seem to be anything that can hold back the entry-level market in San Carlos right now.  To give you an idea of how much that particular segment of the market has grown this past year, the definition of an “entry-level” home San Carlos used to be one that was priced at $1M or less.  Now, it’s safe to say the upper boundary of the entry-level home in San Carlos is about $1.5M — which is about the going rate for the benchmark clean, updated 3BR home in the flats.

The sales numbers below illustrate this point very well.   For the 6 homes that were listed for under $1.5M, they all sold with multiple offers in about 10 days, and got an average of 115% of the asking price.   For the two homes that were listed above $1.5M,  they fetched 93% of their asking price, while taking nearly 41 days to sell.    That is an amazing contrast, and serves to illustrate just how competitive the lower end of the market still is in San Carlos.

Here are the numbers for 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 11-9-2013:

San Carlos Housing Data 11-9-13 Prior Week
Closed Sales for the Week:
8 4
Average Sold Price
$1,391,385 $1,462,000
Average $/Sq Foot (Sold)
$752 $720
Sold Price vs Orig List (%) 106% 104%
Average DOM of Closed Sales 19 39
No. of Homes Pending Sale: 21 22
Inventory of Active Listings:
13 17
Average Price of Active Listings: $1,606,923 $1,384,056
Average DOM of Active Listings: 48 37
Average $/Sq Foot (List) $636 $651
Active-Pending Ratio:
0.62 : 1 0.77 : 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

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Single-Family Homes SOLD in San Carlos:

14 Estrada Place, San Carlos
14 Estrada Place, 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 Days on Market
14 Estrada Place $2,300,000 $2,599,000 -$299,000 (-11.5%)
82
124 Chesham Avenue $1,642,000 $1,659,000 -$13,000 (-0.8%)
12
209 Devonshire Boulevard $1,600,000 $1,289,000 +$311,000 (+24.9%)
8
1518 Eaton Avenue $1,345,000 $1,295,000 +$50,000 (+3.9%)
9
1089 Porto Marino Drive $1,301,680 $1,199,000 +$102,680 (+8.7%)
17
1137 Woodland Avenue $1,112,000 $889,000 +$223,000 (+25.1%)
9
1100 Orange Avenue $929,000 $799,000 +$130,000 (+16.3%)
11
1224 Howard Avenue $905,000 $799,000 +$106,000 (+13.3%)
7

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

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Single-Family Homes Pending Sale in San Carlos:

The following homes went “Pending Sale” this week. Click on the address to see more details:

Address DOM (days) List Price
2641 San Carlos Avenue 10 $689,000
315 Old County Road 29 $710,000
220 Winding Way 10 $649,000
1036 San Remo Way 17 $1,150,000
753 Walnut Street 35 $1,095,000
8 Portofino Court 11 $1,599,000
185 Cedar Street 7 $949,950

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:

1409 Cordilleras Avenue, San Carlos
1409 Cordilleras 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
1409 Cordilleras Avenue $1,795,000 4BR/3BA 2,277/6,760 John Shroyer, Today Sothebys
3157 La Mesa Drive $1,679,000 4BR/2BA 1,900/7,800 Susan Wang, 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

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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
222 Laurel Street # 307 $378,500 $415,500 -$37,000 (-8.9%)
60

(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

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Condo/Townhouse Pending Sales in San Carlos

The following condos/townhouses are now pending sale:

Address DOM (days)
3319 La Mesa Drive #3 10
3327 La Mesa Drive #4 41
222 Laurel Street #209 8

(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

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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
$–

(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

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Want Your Info Sooner?

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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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