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