San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 10-11-14. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 10-11-14.

by Chuck Gillooley

We are effectively at the mid-point of the Fall real estate market in San Carlos, square in between the Labor Day and Thanksgiving weekends. The market has taken on a bit more of a relaxed vibe than the craziness and intensity that we witnessed during the Spring market. As we discussed last week, certain homes that don’t necessarily have all of the boxes checked for today’s buyers are taking a bit of a haircut to get into contract. Homes that have the “right stuff” are still selling quickly, and in a competitive environment. But the number of offers on each deal seems to be more reasonable than what we witnessed earlier this year. That trend certainly continued last week.

This should be good news for home buyers who have weathered the storm of 2014, but may still be reluctant to step back into the fray. The second half of the Fall market should present some great opportunities to pick up a home before the market kicks into hibernation mode for the winter. The big challenge over the coming weeks, however, will be re-building the inventory to give buyers something to choose from. As of this morning, there are only 11 single-family homes for sale in the entire city, and that number will likely drop further as the week progresses.

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 10-11-2014:

San Carlos Housing Data 10-11-14 Prior Week
Closed Sales for the Week: 5 9
Average Sold Price: $1,387,00 $1,537,667
Average $/Sq Foot (Sold) $728 $810
Average Sold – Percentage Of List Price: 104% 99%
Average DOM of Closed Sales 12 32
No. of Homes Pending Sale: 26 26
No. of Active Listings: 12 15
Average Price of Active Listings: $1,525,407 $1,364,393
Average DOM of Active Listings: 43 34
Average $/Sq Foot (List) $657 $734
Active-Pending Ratio: 0.46 : 1 0.58: 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:

1721 Cedar Street, San Carlos
1721 Cedar Street, 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
1721 Cedar Street $1,560,000 $1,624,000 -$64,000 (-3.9%) 15
460 Phelps Road $1,525,000 $1,499,900 +$25,100 (+1.7%) 10
75 Bayport Court $1,376,000 $1,049,000 +$327,000 (+31.2%) 11
107 Winding Way $1,300,000 $1,349,000 -$49,000 (-3.6%) 11
23 Willow Glen Way $1,175,000 $1,175,000 $0 (0%) 13

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
950 Cherry Street 31 $745,000
1725 Eaton Avenue 12 $998,000
1528 Cordilleras Avenue 4 $1,089,000
309 Portofino Drive 13 $1,299,000
419 Emerald Avenue 7 $1,289,000

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:

3394 Melendy Drive, San Carlos
3394 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
3394 Melendy Drive $1,749,000 4BR/3BA 2,335/7,350 Robert, Real Estate eBroker
55 Sequoia Court $1,699,000 4BR/2.5BA 2,610/5,096 Chris Frangos, Keller Williams

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
1 Elm Street #202 $750,000 $655,000 +$95,000 (+14.5%) 7
1561 Cherry Street #5 $704,000 $639,000 +$65,000 (+10.2%) 7

(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)
10 Sorrel Lane 6

(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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(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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Comments 1
  • timing is everything…but as long as inventory stays low, prices will remain relatively high.

    Some agents need to seriously consider the presentation of a property before simply placing that sign in the front yard.

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