Last week was one of those weeks that makes San Carlos home buyers sit back and take a deep breath…or pour a strong drink.
Some of the home sales that closed last week were so far above the asking price, that it must feel like a punch in the gut for buyers trying to land a home in this market. Of the 12 homes that closed escrow, 6 of them fetched $200,000 or more over the asking price. Two of them landed premiums of $300,000 or more. That would be less discouraging if one could chalk this performance up to the fact that the homes might have been simply priced too far below their market value. But with one notable exception below that was ridiculously under-priced, it’s hard to find fault where the other 11 were marketed. It’s simply a stark statement to the strength and resolve of the typical San Carlos home buyer in this market.
Until more inventory arrives, this is what the battlefield in San Carlos is going to look like.
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 3-1-2015:
|San Carlos Housing Data||3-1-15||Prior Week|
|Closed Sales for the Week:||12||5|
|Average Sold Price:||$1,643,167||$1,506,000|
|Average $/Sq Foot (Sold)||$865||$891|
|Average Sold – Percentage Of List Price:||114%||110%|
|Average DOM of Closed Sales||10||11|
|No. of Homes Pending Sale:||17||24|
|No. of Active Listings:||10||10|
|Average Price of Active Listings:||$1,456,895||$1,388,200|
|Average DOM of Active Listings:||10||10|
|Average $/Sq Foot (List)||$787||$806|
|Active-Pending Ratio:||0.59 : 1||0.42: 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|
|240 Lemoore Drive||$2,450,000||$2,228,000||+$162,000 (+7.3%)||8|
|2140 Elizabeth Street||$2,000,000||$1,795,000||+$205,000 (+11.4%)||9|
|1017 Walnut Street||$1,775,000||$1,549,000||+$226,000 (+14.6%)||2|
|149 Lynton Avenue||$1,775,000||$1,687,000||+$88,000 (+5.2%)||10|
|1445 Greenwood Avenue||$1,725,000||$1,449,000||+$276,000 (+19.0%)||8|
|287 Alberta Avenue||$1,605,000||$1,379,000||+$226,000 (+16.4%)||13|
|17 Granite Court||$1,550,000||$1,600,000||-$50,000 (-3.1%)||13|
|1911 Belle Avenue||$1,500,000||$1,525,000||-$25,000 (-1.6%)||14|
|753 Tamarack Avenue||$1,500,000||$1,158,000||+$342,000 (+29.5%)||8|
|205 Clifton Avenue||$1,440,000||$1,049,000||+$391,000 (+37.3%)||7|
|6 Maple Way||$1,283,000||$1,199,000||+$84,000 (+7.0%)||0|
|109 Arundel Road||$1,115,000||$925,000||+$190,000 (+20.1%)||24|
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|
|278 Vine Street||2||$1,298,000|
|941 Lupin Way Lower||21||$1,350,000|
|953 Lupin Way Lower||14||$1,099,000|
|68 Madera Avenue||6||$1,299,000|
|7 Krista Lane||12||$1,488,000|
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|
|1021 Walnut Street||$1,798,000||4BR/3BA||3,250/6,000||Joanne Jordan, Coldwell Banker|
|100 Dundee Lane||$1,795,000||4BR/3BA||2,520/7,996||Bob Bredel, Dwell Realtors|
|4 Camborne Avenue||$1,499,950||4BR/2.5BA||2,315/9,347||Donna Colangelo, Intero|
|1938 Brittan Avenue||$1,299,000||3BR/1BA||1,210/5,000||Josefina Junsay, Realty One|
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.
|1001 Laurel Street #323||4|
|3314 Brittan Avenue #2||2|
|3331 La Mesa Drive #10||4|
|1701 San Carlos Avenue #2||13|
(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|
|436 Portofino Drive #204||$1,188,000||3BR/2.5BA||2,113||Jessica Johnson, Intero|
|3375 Brittan Avenue #4||$769,950||3BR/2BA||1,239||Sean Clar, RE/MAX|
|3331 La Mesa Drive #10||$699,000||2BR/2BA||1,040||Mark Martinho, Vabrato|
(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.)
Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!