San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 2-8-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 2-8-14.

by Chuck Gillooley

Rain Won’t Put Out the Fire.

The rain that we so desperately needed did not deter house hunters from getting out and seeing homes this past weekend.    The few homes that were open on Saturday and Sunday all seemed to have lots of traffic through them, which shows that buyers truly understand the dynamics of this market.  It’s not going to slow down for the weather.

Before anyone freaks out about the sold data below, it’s important to factor in the sample size of that the data is being pulled.   So even though the average price per square foot jumped to an astronomical $966 this week, and the average home sold for a whopping 18% above the asking price, you have to bear in mind that this data is for only 2 homes.   With such a small sample size, it’s easy for one (or both) sales to skew the numbers, which is clearly what happened this week.    That’s not to say that the market is not strong — but we’re not knocking on $1,000/sq foot as an average in San Carlos.

At least not yet…

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 2-8-2014:

San Carlos Housing Data 2-8-14 Prior Week
Closed Sales for the Week: 2 3
Average Sold Price $1,444,000 $1,670,000
Average $/Sq Foot (Sold) $966 $708
Sold Price vs Orig List (%) 118% 97%
Average DOM of Closed Sales 11 95
No. of Homes Pending Sale: 16 12
Inventory of Active Listings: 7 6
Average Price of Active Listings: $1,481,841 $1,170,481
Average DOM of Active Listings: 5 7
Average $/Sq Foot (List) $679 $702
Active-Pending Ratio: 0.44 : 1 0.5 : 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

___________________________________________________________________

Single-Family Homes SOLD in San Carlos:

2721 San Miguel Way, San Carlos
2721 San Miguel Way, 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
2721 San Miguel Way $1,830,000 $1,595,000 +$235,000 (+14.7%) 12
243 Hillcrest Road $1,058,000 $849,950 +$208,050 (+24.5%) 9

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

___________________________________________________________________

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
1026 Alameda 10 $749,000
125 Highland Avenue 12 $1,029,888
183 Ruby Avenue 9 $1,269,000
304 Cedar Street 5 $939,000

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

___________________________________________________________________

New Single-Family Home Listings in San Carlos:

1320 Greenwood Avenue, San Carlos
1320 Greenwood 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
1320 Greenwood Avenue $1,450,000 4BR/2BA 2,000/7,380 Bob Bredel, Today Sothebys
3280 Brittan Avenue $1,388,888 4BR/3BA 2,020/10,875 George Chopoff, RE/MAX
34 Hilltop Drive $1,285,000 3BR/2BA 1,880/5,500 Bob Bredel, Today Sothebys
1304 Morse Boulevard $1,225,000 3BR/2BA 1,660/6,600 George Romero, Better Homes

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

___________________________________________________________________

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
2 Elm Street #201 $620,000 $549,950 +$70,050 (+12.7%) 12

(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

___________________________________________________________________

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

___________________________________________________________________

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
17 Iris Lane $1,138,000 3BR/2.5BA 2,510 Carol Giannakaras, Broker
3352 La Mesa Drive #6 $699,000 3BR/2BA 1,239 Mark Tauber, Coldwell Banker
3009 Melendy Drive #2 $679,000 2BR/1BA 1,570 Justine Ford, 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

___________________________________________________________________

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

———————————————-

(The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week.)

———————————————

__________________________________________________________________

Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
Leave a comment