San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 6-21-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 6-21-14.

by Chuck Gillooley

One of the key metrics to keep an eye on when you are gauging the temperature of the local real estate market is the Days on Market, or DOM, of the homes that are going into contract.   The larger that number gets, the longer homes are staying on the market before they sell.  This past week in San Carlos, nine different homes went pending, and all but one sold in about 2 weeks or less — in fact,  the average for the entire group was 14 days.   The average DOM of all 29 homes on the market in San Carlos right now is only 22 days, which is a relatively low number.

This is a good indication that inventory is still turning fairly quickly in San Carlos, despite the fact that we’ve seen a sharp increase in new single-family home listings since the beginning of May.   This past week was no exception to that trend, with 10 new listings replacing the 9 that went into contract, which has kept the inventory level almost unchanged from the prior week.  And with prices showing no signs of weakening, that’s pretty strong evidence that the demand for housing in San Carlos is remaining strong as we head into summer.

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 6-21-2014:

San Carlos Housing Data 6-21-14 Prior Week
Closed Sales for the Week: 7 6
Average Sold Price: $1,508,514 $1,718,333
Average $/Sq Foot (Sold) $820 $958
Average Percentage Over List Price: 114% 117%
Average DOM of Closed Sales 16 11
No. of Homes Pending Sale: 26 25
No. of Active Listings: 29 27
Average Price of Active Listings: $1,346,842 $1,435,288
Average DOM of Active Listings: 22 23
Average $/Sq Foot (List) $697 $700
Active-Pending Ratio: 1.11 : 1 1.08 : 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:

19 Camborne Avenue, San Carlos
19 Camborne Avenue, 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
19 Camborne Avenue $2,100,000 $1,800,000 +$300,000 (+16.7%) 11
176 Exeter Avenue $1,698,000 $1,698,000 $0 (0%) 20
80 Hartford Avenue $1,618,100 $1,280,800 +$337,300 (+27.4%) 36
850 Regent Court $1,600,000 $1,350,000 +$250,000 (+18.5%) 9
1343 Chestnut Street $1,375,000 $1,249,000 +$126,000 (+10.1%) 7
843 Cedar Street $1,150,000 $998,000 +$152,000 (+15.2%) 14
742 Neal Avenue $1,018,500 $899,000 +$119,500 (+13.3%) 12

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
261 Kelton Avenue 15 $1,199,950
144 Edgehill Drive 27 $1,079,000
1501 San Carlos Avenue 14 $1,700,000
3131 Brittan Avenue 14 $1,488,000
236 Kelton Avenue 14 $1,079,000
2813 Eaton Avenue 10 $1,299,000
1601 Arroyo Avenue 8 $1,325,000
1820 San Carlos Avenue 15 $899,000
960 Cherry Street 10 $799,888

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:

2432 Melendy Drive, San Carlos
2432 Melendy 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
2432 Melendy Drive $1,649,000 3BR/2BA 1,824/10,000 Mary Chen, Bay Metro Realty
1316 Orange Avenue $1,489,950 3BR/1.5BA 1,950/5,200 Rich Thomas, Terrace Associates
1981 Eucalyptus Avenue $1,349,000 3BR/2BA 1,560/5,000 Justine Ford, Today Sothebys
281 Dartmouth Avenue $1,300,000 4BR/4BA 2,720/14,800 Judith Beisler, Alain Pinel Realtors
1362 Chestnut Street $1,180,000 3BR/1BA 1,410/4,560 David Young, Coldwell Banker
889 Cordilleras Avenue $998,950 3BR/2BA 1,390/6,336 Gabriel De Armero, Today Sothebys
1066 Cedar Street $949,888 3BR/2BA 1,370/5,500 Dave Blewett, Intero
1274 Magnolia Avenue $949,000 2BR/1BA 1,260/7,000 Loren Dakin, Coldwell Banker
549 Prospect Street $945,000 2BR/1BA 1,090/6,500 David Macdonald
23 Chestnut Street $789,000 3BR/2BA 1,680/6,500 Dee Edmonds, Coldwell Banker

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
1625 San Carlos Avenue #D $1,178,000 $965,000 +$213,000 (+22.1%)
12
1 Elm Street #110 $699,000 $648,000 +$12,000 (+1.9%)
20

(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)
3368 La Mesa Drive #7 38
23 Calypso Lane 35

(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
$–

(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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