The post that I published on the blog last week about the sudden drop in listings (and consequently inventory) in San Carlos was picked up and expounded on in this article the Daily Journal. San Carlos is not alone in this respect — the number of new listings in most communities along the Peninsula are is either flat, or down from previous years, which is exactly why we are being shell-shocked with some of the prices that are being paid for homes in the past few weeks.
New listings are such a vital metric to the health and balance of the real estate market that I have started tracking them in the summary table below under San Carlos Housing Data.
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 3-15-2015:
|San Carlos Housing Data||3-15-15||Prior Week|
|Closed Sales for the Week:||4||5|
|Average Sold Price:||$1,601,559||$1,564,000|
|Average $/Sq Foot (Sold)||$798||$881|
|Average Sold as Percentage Of List Price:||112%||104%|
|Average DOM of Closed Sales||14||11|
|No. of Homes Pending Sale:||16||18|
|No. of New Listings:||6||4|
|Total # of Active Listings:||11||7|
|Average Price of Active Listings:||$1,362,632||$1,304,714|
|Average DOM of Active Listings:||12||13|
|Average $/Sq Foot (List)||$847||$901|
|Active-Pending Ratio:||0.69 : 1||0.39: 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|
|3185 La Mesa Drive||$1,800,000||$1,649,000||+$151,000 (+9.2%)||11|
|7 Krista Lane||$1,655,000||$1,488,000||+$167,000 (+11.2%)||13|
|1440 Hull Drive||$1,601,237||$1,249,000||+$352,237 (+28.2%)||11|
|941 Lupin Way Lower||$1,350,000||$1,350,000||$0 (0%)||21|
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.
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|
|850 Buckland Avenue||7||$1,275,000|
|731 Knoll Drive||6||$1,899,000|
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.
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|
|279 Kelton Avenue||$2,080,000||3BR/2.5BA||2,880/7,020||David Young, Coldwell Banker|
|2433 Melendy Drive||$1,659,950||3BR/2.5BA||2,520/15,960||Maxine Dumas, Dumas & Company|
|2720 San Miguel Way||$1,588,000||4BR/3BA||2,430/7,373||Sam Zerarka, Intero|
|2831 Roland Avenue||$1,299,000||3BR/2BA||1,740/5,400||Cynthia Smith, Alain Pinel Realtors|
|1325 Woodland Avenue||$1,295,000||3BR/2BA||1,370/4,920||Bryan Jacobs, RealSmart Properties|
|62 Hilltop Drive||$1,108,000||3BR/2BA||1,290/4,120||Dee Edmonds, Coldwell Banker|
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|
|7 Pyxie Lane||$988,000||$789,000||+$199,000 (+25.2%)||9|
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.
|3357 Brittan Avenue #5||5|
|3375 Brittan Avenue #4||13|
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|
|775 Chestnut Street #23||$775,000||2BR/2BA||1,220||Sandy Paoli, Today Sothebys|
|3374 La Mesa Drive #3||$699,000||2BR/2BA||1,040||Glen Mitchell, Alain Pinel Realtors|
|633 Elm Street #214||$695,000||1BR/1BA||774||Marvin Frankel, Paragon|
(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!