Home prices in San Carlos continue to be on an absolute tear. This past week marked probably the highest amount above the asking price for closed sales of any week since I have been tracking stats on this blog — a whopping 23% on average above the list price. This was skewed upward somewhat by the sale at 2408 San Carlos Avenue, which fetched 45% above the list price.
But the rest of the homes in the sold list below all posted breathtaking premiums over their respective asking prices, the lowest being $151,000 and half of the list fetching $300,000 or higher. That is some serious market muscle. Unfortunately, there’s not much relief in sight — we will be starting the week off with only 8 homes for sale in the city and some of these present some unique challenges. Let’s hope for a strong surge of listings this week.
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 3-22-2015:
|San Carlos Housing Data||3-22-15||Prior Week|
|Closed Sales for the Week:||6||4|
|Average Sold Price:||$1,691,500||$1,601,559|
|Average $/Sq Foot (Sold)||$868||$798|
|Average Sold as Percentage Of List Price:||123%||112%|
|Average DOM of Closed Sales||9||14|
|No. of Homes Pending Sale:||16||16|
|No. of New Listings:||3||6|
|Total # of Active Listings:||8||11|
|Average Price of Active Listings:||$1,413,000||$1,362,632|
|Average DOM of Active Listings:||17||12|
|Average $/Sq Foot (List)||$832||$847|
|Active-Pending Ratio:||0.69 : 1||0.69: 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|
|731 Knoll Drive||$2,250,000||$1,899,000||+$351,000 (+18.5%)||6|
|1021 Walnut Street||$2,150,000||$1,798,000||+$352,000 (+19.6%)||7|
|278 Vine Street||$1,569,000||$1,298,000||+$271,000 (+20.9%)||2|
|1092 Hewitt Drive||$1,480,000||$1,250,000||+$230,000 (+18.4%)||13|
|2408 San Carlos Avenue||$1,450,000||$999,000||+$451,000 (+45.1%)||12|
|953 Lupin Way Lower||$1,250,000||$1,099,000||+$151,000 (+13.7%)||14|
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|
|1938 Brittan Avenue||17||$1,039,000|
|279 Kelton Avenue||6||$2,080,000|
|135 Manor Drive||13||$1,175,000|
|2433 Melendy Drive||7||$1,659,950|
|1325 Woodland Avenue||7||$1,295,000|
|2831 Roland Avenue||8||$1,299,000|
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|
|144 Edgehill Drive||$1,850,000||4BR/3BA||2,570/6,270||Sandy Rostad, Coldwell Banker|
|253 Kelton Avenue||$1,838,000||5BR/2.5BA||2,475/4,400||Scott Harms, Catarra|
|1534 White Oak Way||$1,625,000||3BR/2BA||1,980/6,100||Amy Anderson, Keller Williams|
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|
|10 Pyxie Lane||$951,000||$895,000||+$56,000 (+6.3%)||8|
|757 Elm Street #14||$730,000||$674,950||+$55,050 (+8.2%)||11|
|3314 Brittan Avenue #2||$701,000||$639,950||+$61,050 (+9.5%)||2|
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.
|775 Chestnut Street #23||9|
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|
(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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