There were definitely some signs of hope for home buyers in San Carlos this past week. Eight new listings made their debut, which was nearly triple the amount from the prior week. And over half of them were below the $1.5M price threshold, which helps a bit with the affordability factor. Of course, where these ultimately sell in anyone’s guess.
But we are now heading into the two key months of the Spring market, where buyers should see the largest number of new listings that they will see all year — April and May. This week might prove to be a light start to April, since many agents want to avoid Easter weekend for their first open house. But expect to see activity jump significantly next week as the Spring market hits full stride, and there’s an unbroken string of non-holiday weekend all the way up to Memorial Day Weekend. These two months will clearly define what type of year we are going to have in the San Carlos real estate market.
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 3-29-2015:
|San Carlos Housing Data||3-29-15||Prior Week|
|Closed Sales for the Week:||6||6|
|Average Sold Price:||$1,892,500||$1,691,500|
|Average $/Sq Foot (Sold)||$755||$868|
|Average Sold as Percentage Of List Price:||109%||123%|
|Average DOM of Closed Sales||9||9|
|No. of Homes Pending Sale:||16||16|
|No. of New Listings:||8||3|
|Total # of Active Listings:||13||8|
|Average Price of Active Listings:||$1,412,308||$1,413,000|
|Average DOM of Active Listings:||15||17|
|Average $/Sq Foot (List)||$797||$832|
|Active-Pending Ratio:||0.81 : 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|
|279 Kelton Avenue||$2,550,000||$2,080,000||+$470,000 (+22.6%)||6|
|100 Dundee Lane||$2,130,000||$1,795,000||+$335,000 (+18.7%)||6|
|120 Madera Avenue||$1,825,000||$1,825,000||$0 (0%)||0|
|969 Crestview Drive||$1,800,000||$1,888,000||-$88,000 (-4.7%)||107|
|915 Buckland Avenue||$1,550,000||$1,350,000||+$200,000 (+14.8%)||0|
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|
|62 Hilltop Avenue||11||$1,108,000|
|2720 San Miguel Way||14||$1,488,000|
|1534 White Oak Way||8||$1,625,000|
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|
|250 Loma Road||$1,799,000||4BR/2.5BA||2,330/9,840||Essam Ibrahim|
|2403 Howard Avenue||$1,795,000||3BR/2BA||1,880/7,500||Yvonne Gau, Coldwell Banker|
|135 Leslie Drive||$1,699,000||5BR/3BA||2,660/16,748||Trish Ward, Keller Williams|
|105 Highland Avenue||$1,492,000||3BR/2.5BA||1,900/6,600||Laura Bertolacci, Dwell Realtors|
|468 Wellington Drive||$1,249,000||3BR/3BA||2,130/8,762||Bob Bredel, Dwell Realtors|
|100 Garnet Avenue||$1,199,000||2BR/2BA||1,280/5,989||Rachel DiNapoli Hardyck, Alain Pinel Realtors|
|42 Hilltop Drive||$1,195,000||3BR/2BA||2,220/6,400||John Shroyer, Today Sothebys|
|906 Montgomery Street||$949,000||2BR/1BA||1,140/5,400||Kay Burns, 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|
|436 Portofino Drive #204||$1,260,000||$1,188,000||+$72,000 (+6.1%)||9|
|1701 San Carlos Avenue #2||$513,000||$525,000||-$12,000 (+2.3%)||13|
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.
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|
|3382 Brittan Avenue #12||$749,000||3BR/2BA||1,239||Jim Minkey, Today Sothebys|
|1 Laurel Street #302||$649,000||2BR/2BA||1,030||Ellen Vera, Intero|
(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!