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.
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|
|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.)
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|
|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.)
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|
|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.)
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)
Condo/Townhouse Pending Sale this Week.
The following condos/townhouses went into contract this week:
(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|
|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)
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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