San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 4-5-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 4-5-14.

by Chuck Gillooley

It’s hard to say whether it was just a slow week because of spring break, or if it’s because the market might be finally showing some signs of pushing back — but while it was another fairly busy week with 9 homes going into contract, several of these homes only got 1 or 2 offers.  One of them had to take a significant price reduction to get there.   On top of that, there are at least two homes in the active inventory list that had set offer dates for last week and came up empty.

Now before anyone draws any conclusions, it’s important to note that the showpiece homes like 1355 Central and 156 Normandy seemed to do quite remarkable this past week, as you will see when the sales prices are posted.   But for the first time since the beginning of the year, there seems to be the first sign of a pause in this runaway real estate market in San Carlos.   And while we can’t draw a trend from just one week’s worth of data, we will know a lot more about the appetite of this market in the coming 2 weeks.

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 4-5-2014:

San Carlos Housing Data 4-5-14 Prior Week
Closed Sales for the Week: 4 6
Average Sold Price: $1,438,500 $1,436,833
Average $/Sq Foot (Sold) $773 $782
Sold Price vs Orig List Price: 105% 117%
Average DOM of Closed Sales 11 10
No. of Homes Pending Sale: 30 24
No. of Active Listings: 13 16
Average Price of Active Listings: $1,311,258 $1,467,234
Average DOM of Active Listings: 10 14
Average $/Sq Foot (List) $684 $659
Active-Pending Ratio: 0.43 : 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:

94 Loma Road, San Carlos
94 Loma Road, 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
94 Loma Road $1,860,000 $1,845,000 +15,000 (+0.8%) 16
109 Wildwood Avenue $1,675,000 $1,550,000 +$125,000 (+8.1%) 0
3121 Melendy Drive $1,390,000 $1,349,000 +$41,000 (+3.0%) 17
918 McCue Avenue  $829,000 $749,000 +$80,000 (+10.7%) 11

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
231 Oakview Drive 26 $1,299,000
1035 Cherry Street 0 $768,000
2444 Melendy Drive 14 $1,399,000
156 Normandy Court 10 $1,698,000
2435 Eaton Avenue 11 $1,468,888
3170 Brittan Avenue 7 $1,299,000
112 Madera Avenue 34 $1,475,000
1355 Central Avenue 5 $1,998,000
232 Beverly Drive 7 $1,398,900

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:

1637 Cedar Street, San Carlos
1637 Cedar Street, 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
1637 Cedar Street $1,695,000 4BR/3BA 2,260/4,520 Joyce Romeo, Intero
101 Mirabel Place $1,588,850 4BR/3.5BA 2,355/4,979 Mike Bohnert, Coldwell Banker
324 Devonshire Boulevard $1,199,999 3BR/1.5BA 1,520/21,912 Hanna Hernandez, Realty World
68 Madrona Street $999,000 3BR/2BA 1,700/11,078 Trish Ward, Keller Williams
1370 Hull Drive $899,000 3BR/1BA 1,290/6,050 Len Moore, VIP
2810 San Carlos Avenue $875,000 3BR/1.5BA 1,280/8,400 Annette Aguilar, Coldwell Banker

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
7 Mayflower Lane $1,300,000 $1,099,000 +$201,000 (+18.3%) 8
17 Iris Lane $1,138,000 $1,138,000 $0 (0%) 30
8 Violet Lane $1,000,000 $980,000 $0 (0%) 7
400 Portofino Drive #1 $752,000 $698,000 +$54,000 (+7.7%) 9

(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)
3350 Brittan Avenue #7 15

(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
13 Violet Lane $998,000 3BR/2.5BA 2,200 Deanne Reudy, Girouard Properties
12 Calypso Lane $839,000 3BR/2.5BA 1,709 Penelope Huang, RE/MAX

(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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