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.
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|
|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.)
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.)
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|
|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.)
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%)
|3352 La Mesa Drive #6||$699,000||$699,000|| $0 (0.0%)
(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:
|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)
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)
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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