Goodbye, October — hello, November! We are entering the final third of the fall real estate market and pace has already slowed somewhat in San Carlos, as only two new listings made their debut on the MLS last week, and just 4 of the homes in the existing inventory went into contract. Both of those metrics are down significantly from the pace that has been set so far, during what has been a very robust fall real estate market.
The net result of this week’s activity was to bring the inventory down to just 14 homes for sale in the entire city. This is relatively good news for those sellers who are still hoping to get their homes in contract before we hit the Thanksgiving holiday week — which, by the way, is in just 3 weeks. Conversely, this has to be discouraging to home buyers who are hoping to get a home in contract soon, and be moved in for the holidays.
On top of all that, the time change this past weekend will make it more challenging to show homes this time of year since it will now be dark in the early evenings. That means if you want to see a home while there is still some daylight, you’ll either have to sneak out during work hours, or wait until the weekend to get your first peek.
Here are the details from last week:
By the Numbers.
Below is a high-level view of the market performance for single-family residences in San Carlos. This data is for the week ending 11-1-2014:
|San Carlos Housing Data||11-1-14||Prior Week|
|Closed Sales for the Week:||5||8|
|Average Sold Price:||$1,460,000||$1,505,486|
|Average $/Sq Foot (Sold)||$780||$881|
|Average Sold – Percentage Of List Price:||104%||106%|
|Average DOM of Closed Sales||29||8|
|No. of Homes Pending Sale:||21||21|
|No. of Active Listings:||14||17|
|Average Price of Active Listings:||$1,529,190||$1,529,575|
|Average DOM of Active Listings:||40||35|
|Average $/Sq Foot (List)||$735||$706|
|Active-Pending Ratio:||0.67 : 1||0.81: 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|
|35 Bay View Drive||$1,875,000||$1,549,000||+$326,000 (+21.0%)||9|
|3189 La Mesa Drive||$1,830,000||$1,699,000||+$131,000 (+7.7%)||13|
|1081 Hewitt Drive||$1,565,000||$1,549,000||+$16,000 (+1.0%)||14|
|1079 Sunset Drive||$1,290,000||$1,499,900||-$209,900 (-14.0%)||66|
|950 Cherry Street||$740,000||$745,000||-$5,000 (-0.7%)||45|
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 of each home to see more details and photos:
|Address||DOM (days)||List Price|
|27 Madera Avenue||102||$1,988,000|
|420 Winding Way||11||$1,275,000|
|975 Buckland Avenue||13||$1,499,000|
|1392 Cedar Street||13||$1,588,000|
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 see more details and photos.
|Address||List Price||BR/BA||Sq Ft (home/lot)||Listed By|
|2810 San Carlos Avenue||$1,374,888||4BR/2.5BA||1,980/8,400||Jason Schumacher, Home Sales Team|
|2041 San Carlos Avenue||$1,350,000||3BR/2BA||2,040/14,510||Steven Quach, 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.)
Condos and Townhomes Sold in San Carlos:
Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.
|Address||Sold Price||Orig. List||Difference||DOM|
|11 Trillium Lane||$1,011,000||$985,000||+$26,000 (+2.6%)||15|
|3375 Brittan Avenue #12||$850,000||$759,000||+$91,000 (+12.0%)||12|
|3318 Brittan Avenue #3||$595,000||$629,000||-$34,000 (-5.4%)||98|
(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. Click on the address of each home to see more details and photos.
|13 Lilly Lane||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 of each home to see more details and photos.
|Address||List Price||BR/BA||Sq Feet||Listed By|
|1120 Royal Lane||$1,299,000||3BR/2.5BA||2,880||Elaine White, Coldwell Banker|
|16 Violet Lane||$1,080,000||3BR/2.5BA||2,156||David Wang, Century 21|
|1 Chicory Lane #106||$899,950||3BR/2.5BA||2,031||Lee Ginsburg, Prudential|
|13 Lilly Lane||$698,000||2BR/4BA||1,793||Victoria Costantini, Today Sothebys|
|775 Chestnut Street #18||$790,000||2BR/2BA||1,220||David Taylor, Intero|
(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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