The San Carlos Real Estate Week in Review: 4-12-15.

April 13, 2015

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As I predicted last week, the new listings started to come out of the woodwork after the Easter weekend.  San Carlos saw 9 single-family homes make their listing debut this past week, with most of them hitting the market late in the week.  I expect that this trend will continue in the coming weeks as we head into the sweet spot of the Spring real estate market.

This week also saw the unveiling of the first nearly $5M listing that I have ever seen in San Carlos at 168 Queens Court.  It will be interesting to watch where this one sells, because it will certainly test just how rich the San Carlos real estate market really is.

Sales figures on closed homes were once again off the charts, with two homes fetching premiums of over $400,000 above the asking price.  There seems to be nothing that will dampen the enthusiasm for homes in San Carlos right now.

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 4-12-2015:

San Carlos Housing Data 4-12-15 Prior Week
Closed Sales for the Week: 5 4
Average Sold Price: $1,666,000 $1,581,000
Average $/Sq Foot (Sold) $749 $790
Average Sold as Percentage Of List Price: 116% 113%
Average DOM of Closed Sales 85 9
No. of Homes Pending Sale: 15 14
No. of New Listings: 9 4
Total # of Active Listings: 16 13
Average Price of Active Listings: $1,671,804 $1,489,385
Average DOM of Active Listings: 13 13
Average $/Sq Foot (List) $788 $772
Active-Pending Ratio: 1.1 : 1 0.93: 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:

134 Hillcrest Road, San Carlos

134 Hillcrest Road, 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
134 Hillcrest Avenue $2,200,000 $1,950,000 +$250,000 (+12.8%) 13
2433 Melendy Drive $2,175,000 $1,659,950 +$515,050 (+31.0%) 7
135 Manor Drive $1,610,000 $1,175,000 +$435,000 (+37.0%) 13
2831 Roland Avenue $1,310,000 $1,299,000 +$11,000 (+0.8%) 8
2785 Eaton Avenue $1,035,000 $1,035,000 $0 (0%) 383

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
100 Garnet Avenue  8 $1,199,000
42 Hilltop Drive 13 $1,195,000
135 Leslie Drive 12 $1,699,000
250 Loma Road 14 $1,799,000
105 Highland Avenue 15 $1,492,000
125 Chestnut Street 4 $999,950

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:

168 Queens Court, San Carlos

168 Queens Court, 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
168 Queens Court $4,980,000 5BR/5.5BA 6,510/31,747 Jim Arbeed, Coldwell Banker
230 Exeter Avenue $1,969,000 3BR/3BA 3,211/7,400 Joyce and Tatum, Dwel Realtors
252 Gaslight Lane $1,795,000 4BR/3.5BA 2,870/9,076 Debbie Lamica, Fog Horn Realty
3190 La Mesa Drive $1,499,000 3BR/2BA 1,760/6,500 Lynn North, Alain Pinel Realtors
147 Wildwood Avenue $1,350,000 3BR/1BA 1,300/5,500 Camille Eder, Coldwell Banker
136 Colton Avenue $1,195,000 3BR/1.5BA 1,360/5,500 Steve Hicks, Gateway Properties
1100 Royal Lane $1,100,000 3BR/1BA 1,300/5,500 Janet Davis, Hometown Realty
125 Chestnut Street $999,950 3BR/1BA 1,430/6,325 Dave Blewett, Intero
1860 San Carlos Avenue $985,860 3BR/1BA 1,230/6,900 Jane Scully, Alain Pinel Realtors

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
1456 San Carlos Avenue #201 $740,000 $674,950 +$65,050 (+9.6%) 13

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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)
3382 Brittan Avenue #12 10
728 Elm Street #102 9

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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
633 Elm Street #112 $898,000 2BR/2BA 1,258 Judy Litteer, Better Homes

_______________________________________________ (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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