San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 2-22-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 2-22-14.

by Chuck Gillooley

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.

San Carlos Open House List

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Single-Family Homes SOLD in San Carlos:

183 Ruby Avenue, San Carlos
183 Ruby 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
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.)

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
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.)

Homes Pending Sale in San Carlos

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New Single-Family Home Listings in San Carlos:

2511 Melendy Drive, San Carlos
2511 Melendy Drive, 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.)

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
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)

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)
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)

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
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)

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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