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The San Carlos Real Estate Week in Review: 4-19-14.

by Chuck Gillooley

The combination of Easter and the final week of spring break seemed to keep the San Carlos home sellers on the sidelines this past week.  While there were only 3 new single-family listings to debut and not a single condo or townhouse, the buyers who stayed in town kept the market jumping.   7 homes were put into contract, which has once again driven the available inventory of homes in San Carlos into the single-digit range.    The active/pending ratio in San Carlos dropped to 0.25 — one of the lowest levels that I have seen in quite some time.

In a traditional year, the month of May is one of the most robust listing periods in year, as sellers rush to get their homes to the market before the Summer break is upon us.   Home buyers are praying that this trend will happen again this year, because as of right now, there are only 9 homes to choose from in all of San Carlos – and that number will drop significantly next week without some new inventory to backfill.

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 4-19-2014:

San Carlos Housing Data 4-19-14 Prior Week
Closed Sales for the Week: 4 5
Average Sold Price: $1,211,000 $1,656,200
Average $/Sq Foot (Sold) $804 $868
Sold Price vs Orig List Price: 107% 117%
Average DOM of Closed Sales 17 9
No. of Homes Pending Sale: 36 31
No. of Active Listings: 9 13
Average Price of Active Listings: $1,607,111 $1,302,808
Average DOM of Active Listings: 16 7
Average $/Sq Foot (List) $673 $697
Active-Pending Ratio: 0.25 : 1 0.42 : 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:

1262 Crestview Drive, San Carlos
1262 Crestview Drive, 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
1262 Crestview Drive $1,600,000 $1,450,000 +$150,000 (+10.3%) 34
1357 Woodland Avenue $1,420,000 $1,289,000 +$131,000 (+10.2%) 11
1004 Springfield Drive $903,000 $899,000 +$4,000 (+0.4%) 10
2238 Brittan Avenue $921,000 $869,000 +$52,000 (+6.0%) 12

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
68 Madrona Street 10 $990,000
113 Mirabel Place 10 $1,498,500
1370 Hull Drive 15 $899,000
1415 Elm Street 7 $1,175,000
1368 Chestnut Street 4 $865,000
124 Normandy Court 11 $2,298,000
1048 Riverton Drive 10 $649,000

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:

123 Lynton Avenue, San Carlos
123 Lynton Avenue, 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
123 Lynton Avenue $2,895,000 3BR/3BA 4,389/17,000 Eric Berggren, Intero
25 Walton Street $1,249,000 5BR/2.5BA 2,040/6,380 John Shroyer, Today Sothebys
1368 Chestnut Street $865,000 2BR/1BA 1,120/4,560 Dave Parks, Gateway Properties

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
$– $– $–

(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)
648 Chestnut Street 9

(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
$–

(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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