Well, just when you thought prices were starting to settle down a bit in San Carlos!! The 6 homes that closed escrow this past week (see below) were all early-fall issues — in other words, they all made their debut on the market sometime between Labor Day weekend and mid-September. None of them were carry-overs from the summer months.
These six home sales pretty well capture the essence of what was happening in the San Carlos real estate market during the first few weeks of September. Open houses were well attended as buyers returned en masse from the summer break. And most, if not all, of the homes that closed this week received multiple offers, although not necessarily in the eye-popping quantities that we saw during the crazy Spring months.
But the lack in quantity was more than made up for in the quality of the offers, as is evidenced by the whopping 13% average kicker over the list price that these homes fetched. The two listings I had on Greenwood and Saint Francis got 3 offers each, which might be considered a low turnout compared to the Spring market. But all 6 offers were extremely strong and were well over the asking price, which speaks volumes about the strength and determination of the buyers that are still in the hunt this fall.
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 10-18-2014:
|San Carlos Housing Data||10-18-14||Prior Week|
|Closed Sales for the Week:||6||5|
|Average Sold Price:||$1,481,667||$1,387,000|
|Average $/Sq Foot (Sold)||$825||$728|
|Average Sold – Percentage Of List Price:||113%||104%|
|Average DOM of Closed Sales||10||12|
|No. of Homes Pending Sale:||23||26|
|No. of Active Listings:||16||12|
|Average Price of Active Listings:||$1,526,361||$1,525,407|
|Average DOM of Active Listings:||37||43|
|Average $/Sq Foot (List)||$605||$657|
|Active-Pending Ratio:||0.7 : 1||0.46: 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|
|191 Fairmont Avenue||$2,013,000||$1,699,888||+$313,112 (+18.4%)||11|
|1627 Saint Francis Way||$1,700,000||$1,495,000||+$205,000 (+13.7%)||7|
|1700 Greenwood Avenue||$1,575,000||$1,395,000||+$180,000 (+12.9%)||7|
|1221 Highland Court||$1,502,000||$1,350,000||+$152,000 (+11.3%)||8|
|2565 San Carlos Avenue||$1,075,000||$995,000||+$80,000 (+8.0%)||14|
|907 Montgomery Street||$1,025,000||$899,950||+$125,050 (+13.9%)||10|
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|
|3189 La Mesa Drive||13||$1,699,000|
|1028 Rosewood Avenue||12||$1,950,000|
|1371 Orange Avenue||14||$899,000|
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|
|100 Edgehill Drive||$1,749,000||3BR/2.5BA||2,150/6,000||Chet Lane, Prudential California Realty|
|2173 Carmelita Drive||$1,698,000||4BR/3BA||2,400/5,500||David Young, Coldwell Banker|
|1392 Cedar Street||$1,588,000||3BR/3BA||2,030/7,000||Mark Palermo, Keller Williams|
|975 Buckland Avenue||$1,499,000||4BR/4BA||4,430/10,530||Cindy Moscaret, Alain Pinel Realtors|
|197 Coventry Court||$1,400,000||3BR/2.5BA||2,240/11,700||Debbie Wilhelm, Coldwell Banker|
|166 Loma Road||$1,395,000||4BR/3BA||2,397/9,300||Hiep Nguyen, Intero|
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|
|12 Daffodil Lane||$1,250,000||$1,248,000||+$2,000 (+0%)||28|
(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:
|10 Sorrel Lane||6|
|3338 La Mesa Drive #10||34|
|416 Portofino Drive #204||4|
(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|
|416 Portofino Drive #204||$728,000||2BR/2.5BA||1,377||Jeff Milo, Broker|
|222 Laurel Street #309||$449,000||1BR/1BA||702||Sean Clar, RE/MAX|
(Click the “Condos for Sale” button below to see all of the condos and townhomes that are currently for sale in San Carlos)
(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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