The San Carlos Real Estate Week in Review: 9-13-14.

September 15, 2014

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The dramatic drop-off in new listings in the San Carlos market last week really surprised everyone who watches this market closely.  There were only 3 new listings to pop up last week, and only one of them listed on Friday.  That meant that prospective home buyers had only 15 single-family homes in the entire city to choose from over this past weekend.   With all of the pre-sales activity that has been going on behind the scenes, that's just a surprisingly low number.   When you combine that with the 7 homes that went into contract over the same period, our inventory is starting to look like it did back in the spring — really slim.

But there should be more hitting the market this week.  I have another fabulous San Carlos home in the flats that I will be listing later this week — stay tuned to the site for more details.

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 9-13-2014:

San Carlos Housing Data 9-13-14 Prior Week
Closed Sales for the Week: 3 6
Average Sold Price: $1,173,333 $1,315,000
Average $/Sq Foot (Sold) $653 $820
Average Sold – Percentage Of List Price: 101% 99%
Average DOM of Closed Sales 31 27
No. of Homes Pending Sale: 34 27
No. of Active Listings: 15 20
Average Price of Active Listings: $1,411,779 $1,327,326
Average DOM of Active Listings: 18 17
Average $/Sq Foot (List) $734 $743
Active-Pending Ratio: 0.44 : 1 0.74 : 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:

2646 Eaton Avenue, San Carlos

2646 Eaton 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
2646 Eaton Avenue $1,345,000 $1,499,000 -$154,000 (-10.3%) 45
2007 Eucalyptus Avenue $1,300,000 $1,249,000 +$51,000 (+4.1%) 20
2508 Eaton Avenue $875,000 $729,750 +$145,250 (+19.9%) 27

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
1052 Laurel Street 15 $950,000
1040 Laurel Street 15 $950,000
65 Chestnut Street 11 $1,148,888
137 Cedar Street 12 $875,000
575 Alameda 45 $2,448,000
1020 Orange Avenue 6 $849,950
2565 San Carlos Avenue 14 $995,000

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:

1081 Hewitt Drive, San Carlos

1081 Hewitt 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
1081 Hewitt Drive $1,549,000 3BR/3BA 1,740/9,962 Kathryn Bedbury, Coldwell Banker
240 Chesham Avenue $1,349,000 3BR/3BA 2,360/10,800 Phil Waddingham, Intero
154 Alberta Avenue $1,299,000 3BR/1BA 1,210/5,712 Arn Cenedella, 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
3290 La Mesa Drive #1 $851,000 $764,950 +$86,050 (+11.2%) 12
1001 Laurel Street #205 $417,268 $417,268 $0 (0%) 0

(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)
1001 Laurel Street #205 0
12 Daffodil Lane 28
9 Buttercup Lane 8

(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
416 Portofino Drive #102 $799,000 2BR/2.5BA 1,310 Bob Lahl, Alain Pinel Realtors
3338 La Mesa Drive #10 $659,000 2BR/2BA 1,040 Teri Shaughnessy, RE/MAX
728 Elm Street #108 $515,000 2BR/2BA 1,124 Fred Eftekari, Today Sothebys
222 Laurel Street #203 $499,000 2BR/2BA 940 Howard Clark, Dumas & Company

(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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(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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