The San Carlos Real Estate Week in Review: 1-25-14.

January 27, 2014

125-Highland-Avenue

Homes for Sale?

Not much changed this past week as far as the inventory level of homes for sale in San Carlos.  As I predicted last week, the rate that homes are coming on the market is being matched by the rate at which they are going into contract.  Consequently, the inventory is staying flat and stuck in the single digits.  This means that open houses were very busy over the weekend.   If you were out and about in either San Carlos or Belmont, then you know exactly how difficult it was to even find a parking spot to see what few houses were open.

Next weekend marks the end of the professional football season with Super Bowl Sunday, and the “traditional” start of the Spring real estate season.   Believe it or not, many sellers opt to wait until after the Super Bowl to list their homes for sale, especially if a particular team happens to be playing.  (And no, I'm not talking about the Raiders.)   Here's to hoping that this year will be very traditional in that respect.

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 1-25-2014:

San Carlos Housing Data 1-25-14 Prior Week
Closed Sales for the Week: 4 1
Average Sold Price $1,377,500 $1,300,000
Average $/Sq Foot (Sold) $731 $695
Sold Price vs Orig List (%) 103% 100%
Average DOM of Closed Sales 9 21
No. of Homes Pending Sale: 9 10
Inventory of Active Listings: 8 7
Average Price of Active Listings: $1,278,972 $1,379,120
Average DOM of Active Listings: 27 30
Average $/Sq Foot (List) $633 $670
Active-Pending Ratio: 0.89 : 1 0.7 : 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:

2727 Clifford Avenue, San Carlos

2727 Clifford 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 Days on Market
2727 Clifford Avenue $2,555,000 $2,500,000 +$55,000 (+2.2%) 3
2424 Saint Francis Way $1,180,000 $1,179,000 +$1,000 (+0%) 12
1333 Elm Street $1,000,000 $890,000 +$110,000 (+12.4%) 1
1005 Hall Street $775,000 $769,000 +$6,000 (+0.8%) 20

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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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
243 Hillcrest Road 9 $849,950
126 Manor Drive 14 $899,000
21 Madera Avenue 20 $1,250,000

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:

125 Highland Avenue, San Carlos

125 Highland Avenue, 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
125 Highland Avenue $1,029,888 3BR/2.5BA 1,760/14,760 Carmen Miranda, Alain Pinel Realtors
953 Lupin Way $949,000 2BR/2BA 1,412/5,500 Amy Anderson, Keller Williams
2388 Brittan Avenue $849,000 3BR/2BA 1,370/7,500 Carrie Du Bois, Coldwell Banker
1026 Alameda $749,000 2BR/1BA 990/5,856 Brendan Leary, Sereno Group

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 closed escrow this past week. Click on the address for more details:

Address Sold Price Orig. List Difference DOM
3392 Brittan Avenue #7 $594,000 $598,888 -$4,888 (-0.8%) 26

(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 Sale this Week.

The following condos/townhouses went into contract this week:

Address DOM (days)

(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 all the details:

Address List Price BR/BA Sq Feet Listed By
1 Elm Street #200 $595,000 2BR/2BA 1,180 Lottie Kendall, Today Sothebys
2 Elm Street #201 $549,950 2BR/2BA 1,050 Maxine Dumas, Dumas & Company

(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?

I post sales data during the week as it happens on 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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