For the second straight week in San Carlos, there were more new listings to hit the market than there were homes going into contract. That net positive helped push the inventory of homes for sale up to 27 briefly, before settling in at 26 at the time of this post. That’s quite possibly the highest number of homes for sale that we’ve seen the entire year. And San Carlos isn’t alone in this respect — Belmont’s inventory has bloated up to 27 seemingly overnight.
Whether that’s just the normal seasonal push, or a sign that the market is slowing down is still tough to call. Most homes that are going into contract are still seeing significant interest and multiple offers, just perhaps not as many offers as might have been the case a few months when the inventory levels were less than half this amount. Regardless of the reason, the numbers are finally swinging back toward the buyer’s direction, and those buyers that stay on task during the summer months may finally land that elusive home on the Peninsula.
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 6-7-2014:
|San Carlos Housing Data||6-7-14||Prior Week|
|Closed Sales for the Week:||6||2|
|Average Sold Price:||$1,518,000||$1,177,500|
|Average $/Sq Foot (Sold)||$727||$1,011|
|Average Percentage Over List Price:||109%||98%|
|Average DOM of Closed Sales||7||9|
|No. of Homes Pending Sale:||27||28|
|No. of Active Listings:||26||22|
|Average Price of Active Listings:||$1,484,035||$1,496,814|
|Average DOM of Active Listings:||21||16|
|Average $/Sq Foot (List)||$701||$702|
|Active-Pending Ratio:||0.96 : 1||0.79 : 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|
|103 Mirabel Place||$1,728,000||$1,728,000||$0 (0%)||0|
|2133 Brittan Avenue||$1,700,000||$1,519,000||+$181,000 (+11.9%)||5|
|155 Highland Avenue||$1,600,000||$1,498,000||+$102,000 (+6.7%)||11|
|2222 Carmelita Drive||$1,500,000||$1,498,000||+$2,000 (+0.1%)||9|
|798 Cedar Street||$1,330,000||$1,225,000||+$105,000 (+8.6%)||10|
|1948 Saint Francis Way||$1,250,000||$899,500||+$350,500 (+11.9%)||8|
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|
|540 Pearl Avenue||10||$1,125,000|
|1358 Geneva Avenue||24||$1,195,000|
|59 Club Drive||36||$1,277,000|
|825 Somerset Court||14||$1,548,000|
|966 Cherry Street||9||$779,000|
|100 Alberta Avenue||8||$1,150,000|
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|
|1501 San Carlos Avenue||$1,700,000||3BR/2BA||2,274/7,150||Jami Arami, Alain Pinel Realtors|
|37 Wildwood Avenue||$1,550,000||3BR/3BA||1,475/7,700||Corey Sijbrant, Alain Pinel Realtors|
|3131 Brittan Avenue||$1,488,000||3BR/2BA||2,050/11,700||Haifa and Ruba, Today Sothebys|
|304 De Anza Avenue||$1,350,000||4BR/2BA||2,780/7,579||John Nelson, Coldwell Banker|
|348 Oakview Drive||$1,228,000||2BR/1.5BA||1,090/5,500||Dennis Chan, JMC Realty|
|49 Madera Avenue||$1,300,000||4BR/3.5BA||2,720/15,300||Suman Bazaz, Alliance Bay Realty|
|1316 Chestnut Street||$1,160,000||3BR/1BA||1,230/4,560||David Young, Coldwell Banker|
|236 Kelton Avenue||$1,079,000||2BR/1BA||1,420/4,440||Cindy Moscaret, Alain Pinel Realtors|
|1820 San Carlos Avenue||$899,000||3BR/1.5BA||1,410/7,830||Cliff Whearley, 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.)
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|
|13 Trillium Lane||$1,229,000||$989,000|| +$240,000 (+24.3%)
(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:
|20 Trillium 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|
|3 Geranium Lane||$1,249,000||3BR/2.5BA||2,100||Justine Ford, Today Sothebys|
|3358 Brittan Avenue #18||$699,000||3BR/2BA||1,239||Stephen Hicks, Gateway Properties|
|3329 Brittan Avenue #10||$668,995||2BR/2BA||1,040||Stephen Hicks, Gateway Properties|
(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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