The Peninsula real estate market is definitely back in full swing, even though we are still in January. Open houses were absolutely packed this weekend, as buyers looked to get a jumpstart on the rest of the home buyers that are planning to buy this year. 4 homes in San Carlos went into contract this past week, with none of them lasting on the market much longer than 2 weeks — and at least one of these 4 homes garnered quite a few offers.
Not all is rosy in the Silicon Valley job market, which plays such a big factor in the housing demand on the Peninsula. eBay announced that they are laying off 2,400 workers, and Dreamworks is planning on shuttering its operations in the seaport of Redwood City, putting 500 people out of work. But it’s a fair bet that the overall growth of the tech economy still overshadows these missteps. Box in Redwood City went public last week, which should bode well for their 1,100 or so employees that will be occupying those spectacular towers behind Sequoia Station. And let’s not forget that gas prices are low, and the stock market is high — two items that help boost consumer confidence.
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 1-25-2015:
|San Carlos Housing Data||1-25-15||Prior Week|
|Closed Sales for the Week:||4||1|
|Average Sold Price:||$1,358,750||$1,150,000|
|Average $/Sq Foot (Sold)||$860||$1,250|
|Average Sold – Percentage Of List Price:||99%||118%|
|Average DOM of Closed Sales||37||8|
|No. of Homes Pending Sale:||15||16|
|No. of Active Listings:||11||10|
|Average Price of Active Listings:||$1,534,177||$1,659,000|
|Average DOM of Active Listings:||16||15|
|Average $/Sq Foot (List)||$786||$758|
|Active-Pending Ratio:||0.69 : 1||0.63: 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|
|1924 Saint Francis Way||$1,625,000||$1,649,000||-$24,000 (-1.5%)||33|
|330 Emerald Avenue||$1,550,000||$1,699,000||-$149,000 (-8.8%)||75|
|1153 Walnut Street||$1,435,000||$1,395,000||+$40,000 (+2.9%)||28|
|961 Hall Street||$825,000||$799,000||+$26,000 (+3.3%)||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 of each home to see more details and photos:
|Address||DOM (days)||List Price|
|2807 Norburt Lane||10||$1,299,000|
|240 Lemoore Drive||8||$2,228,000|
|1017 Walnut Street||2||$1,549,000|
|162 Coronado Avenue||15||$1,495,000|
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|
|875 Heather Drive||$1,650,000||4BR/2BA||1,740/10,883||David McKeever, Coldwell Banker|
|1017 Walnut Street||$1,549,000||4BR/3BA||2,430/6,000||Tatum Clarke, Bredel & Gillooley|
|212 Fairmont Avenue||$1,485,000||3BR/2BA||1,460/5,600||Tara Jaramillo, Bredel & Gillooley|
|120 Chesham Avenue||$1,379,950||3BR/2.5BA||1,850/7,850||Donna Colangelo, Intero|
|836 Cedar Street||$1,249,000||3BR/2BA||2,160/8,140||Joe Merkert, Alain Pinel Realtors|
|1039 Springfield Drive||$939,000||2BR/2BA||1,150/5,000||Bob Bredel, Bredel & Gillooley|
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|
(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.
(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|
(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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