San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 5-10-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 5-10-14.

by Chuck Gillooley

As predicted, May is steaming ahead at full speed in the San Carlos real estate market.   Many of the sales that went pending in the final weeks of May closed this past week, and your jaw will probably drop when you look at the premiums that some of these homes fetched in Sold section below.   If you’re serious about buying a home in San Carlos, you’ve got to be prepared to roll your sleeves and get aggressive.

Another interesting datapoint is that the new homes within the high-density housing complex at Mirabel Place in San Carlos are literally selling before they hit the market.   The first two units closed this week, and the next two that came up for sale were already snatched up before they ever saw the market.

Finally, with the late push of new listings, the inventory of homes for sale in San Carlos broke the 20 mark — a high point we have not seen in many months.  Because of this push, there are now more homes for sale than there are pending sale, which is something that has probably not happened this entire year.   Finally, there is perhaps a glimpse of good news for buyers in this extremely tight market?

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 5-10-2014:

San Carlos Housing Data 5-10-14 Prior Week
Closed Sales for the Week: 14 8
Average Sold Price: $1,378,271 $1,589,125
Average $/Sq Foot (Sold) $768 $863
Average Percentage Over List Price: 115% 113%
Average DOM of Closed Sales 10 28
No. of Homes Pending Sale: 18 27
No. of Active Listings: 20 13
Average Price of Active Listings: $1,644,844 $1,771,914
Average DOM of Active Listings: 10 11
Average $/Sq Foot (List) $756 $704
Active-Pending Ratio: 1.1 : 1 0.48 : 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:

101 Mirabel Place, San Carlos
101 Mirabel Place, 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
101 Mirabel Place $1,850,000 $1,588,850 +$261,150 (+16.4%) 6
209 Rockridge Road $1,825,000 $1,370,000 +$455,000 (+33.2%) 17
1415 Elm Street $1,610,000 $1,175,000 +$435,000 (+37.0%) 7
2435 Eaton Avenue $1,608,888 $1,468,888 +$140,000 (+9.5%) 11
111 Lynton Avenue $1,588,000 $1,448,000 +$140,000 (+9.7%) 10
113 Mirabel Place $1,500,000 $1,498,500 +$1,500 (+0.1%) 10
3170 Brittan Avenue $1,428,000 $1,299,000 +$129,000 (+9.9%) 7
232 Beverly Drive $1,398,900 $1,398,900 $0 (0.0%) 7
1333 Woodland Avenue $1,310,000 $1,089,000 +$221,000 (+20.3%) 11
5 Granite Court $1,309,000 $1,190,000 +$119,000 (+10.0%) 10
1370 Hull Drive $1,128,000 $899,000 +$229,000 (+25.5%) 15
1368 Chestnut Street $1,065,000 $865,000 +$200,000 (+23.1%) 4
1048 Riverton Drive $860,000 $649,000 +$211,000 (+32.5%) 10
2810 San Carlos Avenue $815,000 $875,000 -$60,000 (-5.3%) 21

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
2222 Carmelita Drive 9 $1,498,000
103 Mirabel Place 0 $1,728,000
105 Mirabel Place 0 $1,900,000
155 Highland Avenue 11 $1,498,000
1625 Arroyo Avenue 7 $1,495,000

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:

600 Knoll Drive, San Carlos
600 Knoll 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
600 Knoll Drive $1,980,000 4BR/3BA 3,090/21,300 David Young, Coldwell Banker
135 Lynton Avenue $1,895,000 3BR/3BA 2,264/28,314 Peter Vece, Today Sothebys
240 Lemoore Drive $1,525,000 5BR/4BA 2,680/9,075 David Young, Coldwell Banker
2531 Melendy Drive $1,388,000 5BR/3BA 1,910/6,930 Patricia Lee, Intero
1343 Chestnut Street $1,249,000 4BR/2.5BA 1,640/4,040 Melanie Smith, Coldwell Banker
2668 Thornhill Drive $1,199,000 3BR/1BA 1,130/5,650 John Nelson, Coldwell Banker
1358 Geneva Avenue $1,195,000 3BR/2BA 1,360/4,040 Bob Bredel, Today Sothebys
742 Neal Avenue $899,000 2BR/1BA 1,040/5,350 Mitchell Wong, Intero

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
648 Chestnut Street $865,000 $798,000 +$67,000 (+8.4%)
9
3352 La Mesa Drive #6 $699,000 $699,000 $0 (0.0%)
28

(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)
3003 Melendy Drive #3 9
23 Calypso Lane 11

(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 Trillium Lane $989,000 3BR/2.5BA 2,031 Justine Ford, Today Sothebys
416 Portofino Drive #406 $699,888 2BR/2.5BA 1,320 Velasco DeNardi Group, Intero
3368 La Mesa Drive #7 $669,000 2BR/2BA 1,040 Sean Clar, 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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