The Super Bowl of Real Estate.
To the relief of home buyers everywhere, the Super Bowl has finally come and gone. Why? Because history has taught us that many home sellers will wait until after the Super Bowl to list their home for sale. This statistic is especially noticeable when a local team is participating in this grand event. Nobody wants to host a Super Bowl Party in a home that’s listed for sale, right? Because of this phenomenon, it’s widely accepted that the end of the pro football season marks the kickoff of the Spring real estate season (pun intended). And buyers everywhere are hoping that this year is no exception to that rule.
For home sales that closed escrow this week, the sales price/list price ratio dropped below 100% for the first time in months. But don’t let that fool you into thinking that home prices are suddenly leveling off just yet — this week’s data was skewed by one large sale. Quite to the contrary, multiple offers and aggressive bidding are still the norm in San Carlos, and in surrounding communities. Most of the 6 homes below that are in the pending sales list garnered multiple offers — one got 10 offers after the first week on the market — and sold significantly higher than the asking price. I was involved in a multiple-offer frenzy on a home in Belmont this week that attracted 15 offers. So don’t let this week’s data lead you to believe that the fire is out under this market.
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 2-1-2014:
|San Carlos Housing Data||2-1-14||Prior Week|
|Closed Sales for the Week:||3||4|
|Average Sold Price||$1,670,000||$1,377,500|
|Average $/Sq Foot (Sold)||$708||$731|
|Sold Price vs Orig List (%)||97%||103%|
|Average DOM of Closed Sales||95||9|
|No. of Homes Pending Sale:||12||9|
|Inventory of Active Listings:||6||8|
|Average Price of Active Listings:||$1,170,481||$1,278,972|
|Average DOM of Active Listings:||7||27|
|Average $/Sq Foot (List)||$702||$633|
|Active-Pending Ratio:||0.5 : 1||089 : 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|
|28 Oak Creek Lane||$2,575,000||$2,950,000||-$375,000 (-12.7%)||233|
|2730 San Miguel Way||$1,450,000||$1,275,000||+$175,000 (+13.7%)||10|
|23 Vine Street||$985,000||$949,950||+$35,050 (+3.7%)||43|
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|
|2721 San Miguel Way||12||$1,595,000|
|240 Hillcrest Road||180||$1,899,000|
|119 Chesham Avenue||12||$1,162,000|
|437 Hillcrest Road||12||$1,998,888|
|2388 Brittan Avenue||6||$849,000|
|953 Lupin Way||8||$949,000|
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.)
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|
|94 Loma Road||$1,845,000||4BR/2.5BA||2,870/9,594||Wes Olson, WR Properties|
|55 Pine Avenue||$1,450,000||3BR/2.5BA||1,900/7,702||David Young, Coldwell Banker|
|183 Ruby Avenue||$1,269,000||3BR/2BA||1,430/6,000||Justine Ford, Today Sothebys|
|982 Holly Street||$680,000||2BR/2BA||1,180/5,850||Silvia Martinelli, Realty World|
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|
|5 Poppy Lane||$1,315,000||$1,149,000||+$166,000 (+14.5%)||12|
(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:
|2 Elm Street #201||4|
|3335 La Mesa Drive #8||12|
|3382 Brittan Avenue #11||24|
|1 Elm Street #200||10|
(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|
(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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