There were some very strong closings this week that served as a stark reminder of the continued strength of the San Carlos real estate market. The most notable was the home at 2235 Carmelita Drive, which closed at $2,272,000 – or a whopping $574,000 above the asking price. And not far behind was the newly renovated home at 1355 Central Avenue, which fetched a $312,000 premium when it closed at $2,310,000. Both are listed below in the “Sold” section of the post below.
This highlights the fact that home buyers in San Carlos are still willing to go to the mat for that “X-factor” that they haven’t been able to find in San Carlos, nor afford in other pricier communities. Whether it’s getting that rare extra bedroom or two, having an address on a desirable street, securing that killer bay view, or simply finding a home with a flat back yard; buyers continue to demonstrate that they’re still willing to pay top dollar to get what they want in San Carlos.
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 4-26-2014:
|San Carlos Housing Data||4-26-14||Prior Week|
|Closed Sales for the Week:||11||4|
|Average Sold Price:||$1,460,636||$1,211,000|
|Average $/Sq Foot (Sold)||$729||$804|
|Sold Price vs Orig List Price:||105%||107%|
|Average DOM of Closed Sales||28||17|
|No. of Homes Pending Sale:||28||36|
|No. of Active Listings:||11||9|
|Average Price of Active Listings:||$1,574,864||$1,607,111|
|Average DOM of Active Listings:||17||16|
|Average $/Sq Foot (List)||$733||$673|
|Active-Pending Ratio:||0.25 : 1||0.25 : 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|
|1355 Central Avenue||$2,310,000||$1,998,000||+$312,000 (+15.6%)||5|
|2235 Carmelita Drive||$2,272,000||$1,698,000||+$574,000 (+33.8%)||10|
|240 Hillcrest Road||$1,680,000||$2,199,000||-$519,000 (-23.6%)||180|
|1906 Saint Francis Way||$1,603,000||$1,419,000||+$184,000 (+13.0%)||8|
|112 Madera Avenue||$1,430,000||$1,525,000||-$95,000 (-6.2%)||34|
|2444 Melendy Drive||$1,400,000||$1,399,000||+$1,000 (+0%)||14|
|231 Oakview Drive||$1,275,000||$1,399,000||-$124,000 (-8.9%)||26|
|426 Ridge Road||$1,250,000||$1,089,000||+$161,000 (+14.8%)||8|
|942 McCue Avenue||$1,010,000||$869,000||+$141,000 (+16.2%)||7|
|115 Sheldon Avenue||$985,000||$949,000||+$36,000 (+3.8%)||11|
|1035 Cherry Street||$852,000||$768,000||+$84,000 (+10.9%)||0|
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|
|2810 San Carlos Avenue||21||$840,000|
|1729 Elizabeth Street||12||$1,849,000|
|1052 Lupin Way||7||$918,000|
|209 Rockridge Road||17||$1,370,000|
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|
|2349 Eaton Avenue||$1,695,000||3BR/3BA||1,733/5,760||Chuck Gillooley, Alain Pinel Realtors|
|212 Fairmont Avenue||$1,395,000||3BR/3BA||1,460/5,600||Tara Jaramillo, Coldwell Banker|
|123 Rockridge Road||$1,399,000||3BR/3BA||2,300/10,362||Sam Jafari, Jaeb Real Estate|
|524 Emerald Avenue||$1,049,000||3BR/1.5BA||1,450/5,500||Sherry Cottonaro, Coldwell Banker|
|1948 Saint Francis Way||$865,000||2BR/2BA||1,820/5,650||Stephen Hicks, 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.)
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|
|1263 Holly Street #B||$725,000||$729,000|| -$5,000 (-0.7%)
|3350 Brittan Avenue #7||$650,000||$604,900|| +$45,100 (+7.5%)
|3350 La Mesa Drive #15||$620,000||$610,000|| +$10,000 (+1.6%)
|772 Walnut Street #2||$605,000||$549,000|| +$56,000 (+10.2%)
|775 Chestnut Street #14||$510,000||$491,000|| +$19,000 (+3.9%)
(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:
|1 Elm Street #402||12|
|3378 Brittan Avenue #3||51|
(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|
(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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