The continued strength of the San Carlos housing market was very evident this past week with some of the closing prices that are posted below. Two of the homes that closed fetched $250,000 over their asking prices. On top of that, there was a $1,000,000 sale in the Greater East Side neighborhood, which hasn’t happened that often in the past, but will probably start to happen with more frequency as finding any house in San Carlos for under $1,000,000 is becoming that much more elusive.
There is a sense in the real estate community that this Spring will be a strong season for listings, which will be good for the entire market. Even though this lopsided market clearly favors the sellers, it’s so far tilted in that direction that it’s actually scaring some buyers out of the market — which is not good for either side. No matter how many listings hit the market this Spring, there will still be far more buyers than there are homes to put them in. But a market with decent inventory is more healthy than what we are slugging through right now.
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 2-22-2015:
|San Carlos Housing Data||2-22-15||Prior Week|
|Closed Sales for the Week:||5||3|
|Average Sold Price:||$1,506,000||$1,593,333|
|Average $/Sq Foot (Sold)||$891||$632|
|Average Sold – Percentage Of List Price:||110%||113%|
|Average DOM of Closed Sales||11||55|
|No. of Homes Pending Sale:||24||23|
|No. of Active Listings:||10||10|
|Average Price of Active Listings:||$1,388,200||$1,331,500|
|Average DOM of Active Listings:||10||47|
|Average $/Sq Foot (List)||$806||$753|
|Active-Pending Ratio:||0.42 : 1||0.43: 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|
|999 Orange Avenue||$1,750,000||$1,498,000||+$252,000 (+16.8%)||13|
|875 Heather Drive||$1,700,000||$1,650,000||+$50,000 (+3.0%)||9|
|2807 Norburt Lane||$1,550,000||$1,299,000||+$251,000 (+19.3%)||10|
|162 Coronado Avenue||$1,515,000||$1,495,000||+$20,000 (+1.3%)||15|
|1039 Springfield Drive||$1,015,000||$939,000||+$76,000 (+8.1%)||7|
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 over the past month.)
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|
|2408 San Carlos Avenue||12||$999,000|
|1092 Hewitt Drive||13||$1,250,000|
|2140 Elizabeth Street||9||$1,795,000|
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|
|134 Hillcrest Road||$1,950,000||5BR/3BA||2,464/9,628||Christine Morgan, RE/MAX Star Properties|
|2501 Eaton Avenue||$1,499,000||3BR/2.5BA||2,350/11,866||Timothy Auran|
|68 Madera Avenue||$1,299,000||5BR/3BA||2,439/5,550||Aaron Bellings, Vanguard Properties|
|278 Vine Street||$1,298,000||3BR/2BA||1,510/5,000||Bob Bredel, Dwell Realtors|
|1440 Hull Drive||$1,249,000||4BR/2BA||1,680/7,700||John Shroyer, Today Sothebys|
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|
|3362 Brittan Avenue #1||$770,000||$739,000||+$31,000 (+4.2%)||14|
|3347 Brittan Avenue #2||$725,000||$599,000||+$126,000 (+21.0%)||7|
(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.
|757 Elm Street #14||11|
|7 Pyxie Lane||9|
|14 Trillium Lane||14|
(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|
|1001 Laurel Street #323||$989,000||3BR/3BA||1,494||Tim Yaeger, Broker|
|1456 San Carlos Avenue #201||$674,950||2BR/2BA||1,280||Dave Blewett, 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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