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.
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|
|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.)
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.)
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|
|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.)
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%)
|1 Elm Street #110||$699,000||$648,000|| +$12,000 (+1.9%)
(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:
|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)
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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