Memorial Day Weekend traditionally marks the “winding down” point of the spring real estate season. In a normal market, one would expect the market to take a little bit of a break between Memorial Day and mid-August. But when you consider that Memorial Day fell a little early this year, and the fact that the market that we’re in is anything but normal, it’s anybody’s guess if or when this red-hot real estate market will indeed take a break.
Homeowners who are ready to put their homes on the market in the coming weeks are faced with an interesting quandary; whether to put their home on the market now, contrary to conventional “seasonal” wisdom, and bank on the fact that this market will continue to stay hot throughout the summer months — or, wait until mid-August when many of the home buyers get back from vacation and return to the hunt.
My belief is the former. What will be happening a few months down the road is anybody’s guess. Right now, the market conditions have not changed much — high demand for housing, low interest rates, and low inventory. For once, the downside risk of putting your home on the market in June or July will be minimized or even eliminated by the current market conditions 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 5-24-2014:
|San Carlos Housing Data||5-24-14||Prior Week|
|Closed Sales for the Week:||6||5|
|Average Sold Price:||$1,431,667||$1,591,400|
|Average $/Sq Foot (Sold)||$761||$902|
|Average Percentage Over List Price:||109%||110%|
|Average DOM of Closed Sales||11||11|
|No. of Homes Pending Sale:||23||20|
|No. of Active Listings:||19||23|
|Average Price of Active Listings:||$1,554,615||$1,562,117|
|Average DOM of Active Listings:||18||13|
|Average $/Sq Foot (List)||$717||$714|
|Active-Pending Ratio:||0.83 : 1||1.15 : 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|
|600 Knoll Drive||$2,300,000||$1,980,000||+$320,000 (+16.2%)||8|
|1944 Eucalyptus Avenue||$1,750,000||$1,695,000||+$55,000 (+3.2%)||12|
|25 Walton Street||$1,460,000||$1,249,000||+$211,000 (+16.9%)||12|
|3025 Brittan Avenue||$1,200,000||$1,248,000||-$48,000 (-3.8%)||25|
|68 Madrona Street||$1,080,000||$999,000||+$81,000 (+8.1%)||10|
|127 Chesham Avenue||$800,000||$739,000||+$61,000 (+8.3%)||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|
|2668 Thornhill Drive||9||$1,199,000|
|154 Garnet Avenue||4||$1,500,000|
|2133 Brittan Avenue||5||$1,519,000|
|742 Neal Avenue||12||$899,000|
|135 Lynton Avenue||10||$1,895,000|
|1944 Eaton Avenue||10||$1,385,000|
|176 Exeter Avenue||20||$1,698,000|
|2531 Melendy Drive||17||$1,388,000|
|850 Regent Court||9||$1,350,000|
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|
|870 Orange Avenue||$1,695,000||4BR/3BA||2,250/6,250||Justine Ford, Today Sothebys|
|825 Somerset Court||$1,528,000||2BR/2BA||1,780/15,900||Shirley Kraus, Intero|
|540 Pearl Avenue||$1,125,000||3BR/2BA||1,620/5,500||Norine Higgins, Today Sothebys|
|144 Edgehill Drive||$1,198,000||2BR/1.5BA||1,170/6,270||Sandy Rostad, Coldwell Banker|
|14 Vine Street||$995,000||3BR/2BA||1,480/6,600||John Gieseker, Prudential|
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|
|3356 La Mesa Drive #5||$699,000||$699,000|| +$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:
|416 Portofino Drive #306||13|
|1 Elm Street #110||20|
|3332 La Mesa Drive #9||6|
|10 Iris Lane||9|
(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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