Desperately Seeking Inventory.
The first full week of the new year didn’t bring buyers what they have been desperately looking for – new inventory. As of this morning, there are only 3 single-family homes for sale in the entire city of San Carlos, which is the lowest level that we’ve started off a new year in recent history.
As we discussed last week in Part III of our seller’s series, the ideal time to sell your home is when you have the combination of maximum demand and the least amount of inventory — which perfectly describes the market conditions in San Carlos right now. But these prime selling conditions won’t last forever. There’s no doubt that more listings will be coming up. It’s just a matter of who is going to get their home on the market first and take advantage of these conditions.
Here are the details 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 1-11-2014:
|San Carlos Housing Data||1-11-14||Prior Week|
|Closed Sales for the Week:||6||3|
|Average Sold Price||$1,641,833||$1,575,333|
|Average $/Sq Foot (Sold)||$784||$809|
|Sold Price vs Orig List (%)||102%||115%|
|Average DOM of Closed Sales||19||7|
|No. of Homes Pending Sale:||11||14|
|Inventory of Active Listings:||3||5|
|Average Price of Active Listings:||$1,349,333||$1,264,568|
|Average DOM of Active Listings:||60||64|
|Average $/Sq Foot (List)||$560||$595|
|Active-Pending Ratio:||0.27 : 1||0.38 : 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.
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||Days on Market|
|18 Estrada Place||$2,200,000||$2,350,000||-$150,000 (-6.4%)||68|
|1532 Greenwood Avenue||$1,975,000||$1,975,000||$0 (0%)||0|
|30 Dover Court||$1,610,000||$1,495,000||+$115,000 (+7.7%)||13|
|8 Portofino Court||$1,584,000||$1,599,000||-$15,000 (-0.9%)||25|
|818 Cordilleras Avenue||$1,307,000||$1,125,000||+$182,000 (+16.2%)||8|
|878 Heather Drive||$1,175,000||$1,149,000||+$26,000 (+2.3%)||1|
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.)
San Carlos Homes Pending Sale for the Week:
The following homes went into contract his week. Click on the address to see more details:
|Address||DOM (days)||List Price|
|23 Vine Street||43||$949,950|
|135 Dale Avenue||8||$528,888|
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.)
New Single-Family Home Listings in San Carlos:
Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to get the complete details.
|Address||List Price||BR/BA||Sq Ft (home/lot)||Listed By|
|126 Manor Drive||$899,000||3BR/2BA||1,230/4,840||Devi Strass, Broker|
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.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address for more details:
|Address||Sold Price||Orig. List||Difference||DOM|
|1 Laurel Street #102||$579,000||$599,000||-$20,000 (-3.3%)||21|
(Click the “Condos Sold” button below to see all of the condos and townhomes that have recently sold in San Carlos)
Condo/Townhouse Pending Sale this Week.
The following condos/townhouses went into contract this week:
|728 Elm Street #103||17|
(Click the “Condos Pending Sale” button below to see all of the condos and townhomes that are pending sale in San Carlos)
New Condo/Townhouse Listings in San Carlos:
The following condo/townhouses listed this past week. Click on the address or all the details:
|Address||List Price||BR/BA||Sq Feet||Listed By|
|3348 La Mesa Drive #14||$649,950||2BR/2BA||1,040||Stephen Barrett, Coldwell Banker|
|3382 Brittan Avenue #11||$608,000||2BR/2BA||1,040||Diane Martin, Keller Williams|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
Want Your Info Sooner?
(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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