A Busy Week.
Now this is what a spring week in the San Carlos real estate market should feel like: 9 new listings debuted, 7 homes went pending, and the condo market is on absolutely on fire once again. We will still need quite a few more weeks like this to start to balance out the market again, but this was a great start.
One of the challenges that home buyers face in this market is what I refer to as “missing the cycle.” If you look at the average days on market for the homes that went pending this week (9 days), as well as the homes that closed escrow (10 days), you can see how compressed the time frame is for prospective home buyers. They need to identify the house, get out and see it, make a decision, and then write an offer — all in about a week. It’s easy to see how a single business trip, or a busy week at the office can cause a home buyer to miss an entire cycle of homes that hit the market.
And with so few homes for sale, that’s a tough hit to take — especially if “the right one” just happens to hit the market while you are out of town.
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 2-22-2014:
|San Carlos Housing Data||2-22-14||Prior Week|
|Closed Sales for the Week:||4||0|
|Average Sold Price:||$1,092,000||$0|
|Average $/Sq Foot (Sold)||$865||$0|
|Sold Price vs Orig List Price:||113%||0%|
|Average DOM of Closed Sales||11||0|
|No. of Homes Pending Sale:||22||18|
|No. of Active Listings:||14||12|
|Average Price of Active Listings:||$1,319,143||$1,400,657|
|Average DOM of Active Listings:||6||6|
|Average $/Sq Foot (List)||$694||$717|
|Active-Pending Ratio:||0.67 : 1||0.67 : 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|
|183 Ruby Avenue||$1,450,000||$1,269,000||+$181,000 (+3.3%)||9|
|119 Chesham Avenue||$1,200,000||$1,162,000||+$38,000 (+3.3%)||12|
|126 Manor Drive||$1,010,000||$899,000||+$111,000 (+12.3%)||14|
|135 Dale Avenue||$708,000||$528,888||+$179,112 (+33.9%)||8|
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|
|94 Loma Road||16||$1,845,000|
|1320 Greenwood Avenue||9||$1,450,000|
|319 Emerald Avenue||9||$1,899,000|
|2545 Eaton Avenue||1||$1,180,000|
|3280 Brittan Avenue||15||$1,388,888|
|24 Robin Way||8||$1,029,000|
|921 Heather Drive||7||$1,285,000|
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|
|2511 Melendy Drive||$1,699,000||4BR/3BA||2,522/7,605||Dan Beatty, Broker|
|156 Mesa Verde Way||$1,698,000||3BR/2.5BA||2,600/10,430||Eddie Azzopardi, Realty World|
|878 Knoll Drive||$1,549,000||4BR/3BA||3,000/9,720||Stanley Lo, Green Banker|
|1262 Crestview Drive||$1,450,000||4BR/2.5BA||2,270/7,800||Haifa and Ruba, Today Sothebys|
|2089 Eaton Avenue||$1,449,000||3BR/2BA||1,600/12,495||Justine Ford, Today Sothebys|
|545 Walnut Street||$1,199,000||4BR/3BA||3,205/7,440||Myrna Peterson, AMP|
|379 De Anza Avenue||$1,189,000||3BR/2BA||1,310/5,360||Jim Tierney, NetEquity|
|1505 Belmont Avenue||$1,029,000||2BR/1BA||1,120/4,600||Virginia Supnet, Intero|
|918 McCue Avenue||$749,000||2BR/1BA||1,030/5,300||Val Vandervort, Keller Williams|
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 Elm Street #200||$655,000||$598,000||+$57,000 (+9.5%)||10|
|416 Portofino Drive #105||$630,000||$700,000||-$70,000 (-10.0%)||48|
|3335 La Mesa Drive #8||$630,000||$595,000||+$35,000 (+5.9%)||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:
|775 Chestnut Street #6||9|
|14 Daffodil Lane||8|
|793 Elm Street #7||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|
|7 Mayflower Lane||$1,098,000||3BR/2.5BA||2,100||Coldwell Banker|
|3323 La Mesa Drive #2||$635,000||2BR/2BA||1,040||Lin Storer, Better Homes and Gardens|
(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.)
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!