San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 3-15-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 3-15-15.

by Chuck Gillooley

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.

San Carlos Open House List

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Single-Family Homes Sold in San Carlos:

7 Krista Lane, 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.

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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.
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New Single-Family Home Listings in San Carlos:

279 Kelton Avenue, San Carlos
279 Kelton Avenue, 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.)

Homes for Sale in San Carlos

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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

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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.

Address DOM (days)
3357 Brittan Avenue #5 5
3375 Brittan Avenue #4 13

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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

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(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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