San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 5-17-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 5-17-14.

by Chuck Gillooley

The rush for sellers to get their homes on the market continued again last week in San Carlos, with 10 new listings making their market debut.  This has to be an encouraging sign to home buyers, as for the second consecutive week are sitting with inventory levels in excess of 20 homes, and good choices in all of the price ranges.

Based on informal poll that I took with fellow agents, it seems as if the increased inventory (not only in San Carlos but also in surrounding communities) has served to temper the degree and number of multiple offers that we have grown accustomed to seeing this year.   A number of homes that we figured would garner 5-6 offers only got 2.   This can be attributed to seasonal slowing in the market, buyer fatigue, or simply that there are finally more homes to choose from and the same buyers aren’t just battling over the same places.

Whatever the cause, the market condition for home buyers right now in San Carlos is simply the best that it as been this entire year — more inventory, and fewer offers.  If you’re still in the hunt for a home, stick with it for the next few weeks.  Your perseverance may finally pay off.

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 5-17-2014:

San Carlos Housing Data 5-17-14 Prior Week
Closed Sales for the Week: 5 14
Average Sold Price: $1,591,400 $1,378,271
Average $/Sq Foot (Sold) $902 $768
Average Percentage Over List Price: 110% 115%
Average DOM of Closed Sales 11 10
No. of Homes Pending Sale: 20 18
No. of Active Listings: 23 20
Average Price of Active Listings: $1,562,117 $1,644,844
Average DOM of Active Listings: 13 10
Average $/Sq Foot (List) $714 $756
Active-Pending Ratio: 1.15 : 1 1.1 : 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:

123 Rockridge Road, San Carlos
123 Rockridge Road, 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
105 Mirabel Place $1,860,000 $1,900,000 -$40,000 (-2.1%) 0
123 Rockridge Road $1,700,000 $1,399,000 +$301,000 (+21.5%) 8
1308 Orange Avenue $1,550,000 $1,399,000 +$151,000 (+10.7%) 38
230 Kelton Avenue $1,522,000 $1,500,000 +$22,000 (+1.5%) 1
524 Emerald Avenue $1,325,000 $1,049,000 +$276,000 (+26.3%) 10

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
1944 Eucalyptus Avenue 12 $1,695,000
19 Camborne Avenue 11 $1,800,000
798 Cedar Street 10 $1,225,000
1343 Chestnut Street 7 $1,249,000
50 Hilltop Drive 13 $1,999,000
600 Knoll Drive 8 $1,980,000

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:

58 Hillcrest Road, San Carlos
58 Hillcrest Road, 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
58 Hillcrest Road $2,349,000 4BR/3.5BA 3,680/9,406 Chuck Gillooley, Alain Pinel Realtors
112 Arundel Road $1,999,000 4BR/3.5BA 3,184/7,870 John Shroyer, Today Sothebys
2133 Brittan Avenue $1,519,000 4BR/2.5BA 2,401/6,250 Melanie Smith, Coldwell Banker
154 Garnet Avenue $1,500,000 4BR/2.5BA 2,250/5,290 Jeanine Roza, Coldwell Banker
1944 Eaton Avenue $1,385,000 3BR/2BA 1,700/5,500 Tim Earley, Coldwell Banker
850 Regent Court $1,350,000 4BR/3BA 2,128/10,375 Trish Ward, Keller Williams
80 Hartford Avenue $1,280,800 3BR/2BA 1,550/7,200 Scott Philip, Svetlana Raleigh
119 Brook Street $1,249,000 3BR/2BA 1,410/7,540 Hiep Nguyen, Intero
304 Elm Street $1,198,000 4BR/2BA 1,580/7,800 Bob Bredel, Today Sothebys
843 Cedar Street $998,000 3BR/2.5BA 1,450/5,733 John Shroyer, Today Sothebys

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
3378 Brittan Avenue #3 $639,000 $610,000 +$29,000 (+4.8%)
51

(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)
1 Elm Street #303 33
13 Trillium Lane 7

(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
10 Iris Lane $1,285,000 3BR/2.5BA 2,310 Eddie Azzopardi, Realty World
1625 San Carlos Avenue #D $965,000 3BR/3BA 2,030 Julie Geyer, RE/MAX
3332 La Mesa Drive #9 $699,000 3BR/2BA 1,239 Kathryn Bedbury, Coldwell Banker

(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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