San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 5-3-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 5-3-15.

by Chuck Gillooley

Much has been discussed on this site about the rocket-like trajectory of 3-bedroom home prices in San Carlos, since the 3-bedroom house makes up the majority of the housing stock in the city. But not to be overlooked is the pricing on 2-bedroom homes.  It wasn’t too long ago that you could get a 2-bedroom home for under $1,000,000 on the west side of San Carlos.  It’s pretty safe to assume that those days are long past us, as we witnessed 100 Garnet Avenue close this past week for $1,410,000 making it the 11th most expensive 2BR home to sell in San Carlos in the past 15 years.  There are other 2-bedroom homes that are currently pending sale that will close well above the $1M mark as well.

Even the smallest of homes in the Greater East Side of San Carlos will be topping the $1M mark with regularity as prices continue to rise in San Carlos and all along the Peninsula.  It doesn’t seem that far away that a 7-figure price will become the entry point for any single-family home in San Carlos. Even the dirt value of flat ~5,000 square foot flat lot on west side will easily top $1M.

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 5-3-2015:

San Carlos Housing Data 5-3-15 Prior Week
Closed Sales for the Week: 4 7
Average Sold Price: $1,523,750 $1,469,143
Average $/Sq Foot (Sold) $882 $847
Average Sold as Percentage Of List Price: 120% 114%
Average DOM of Closed Sales 11 13
No. of Homes Pending Sale: 20 17
No. of New Listings: 5 6
Total # of Active Listings: 13 15
Average Price of Active Listings: $1,786,073 $1,666,067
Average DOM of Active Listings: 17 18
Average $/Sq Foot (List) $770 $772
Active-Pending Ratio: 0.65 : 1 0.88 : 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:

250 Loma Road, San Carlos
250 Loma 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
250 Loma Road $1,975,000 $1,799,000 +$176,000 (+9.8%) 14
18 Arch Lane $1,485,000 $1,398,000 +$87,000 (+6.2%) 13
100 Garnet Avenue $1,410,000 $1,199,000 +$211,000 (+17.6%) 8
850 Buckland Avenue $1,225,000 $829,000 +$396,000 (+47.8%) 7

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
202 Timothy Drive 10 $1,798,000
1527 Magnolia Avenue 12 $1,388,000
84 Hilltop Drive 10 $1,375,000
1321 Cordilleras Avenue 14 $1,098,000
906 Montgomery Street 37 $949,000

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:

790 Knoll Drive, San Carlos
790 Knoll Drive, 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
2151 White Oak Way $2,080,000 3BR/3BA 2,520/7,500 David Young, Coldwell Banker
790 Knoll Drive $1,888,000 4BR/3BA 2,260/7,912 Tuan Tran, Zephyr Real Estate
173 Fairmont Avenue $1,549,000 3BR/2BA 1,480/5,500 Marc Romer, Keller Williams
662 Dartmouth Avenue $1,495,000 4BR/3BA 3,130/11,700 John Shroyer, Today Sothebys
140 Palm Avenue $968,950 2BR/1BA 970/4,645 Lisa Susnow, 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.)

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
1 Laurel Street #302 $731,000 $649,000 +$82,000 (+12.6%) 11

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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)
3310 Brittan Avenue #18 13
2 Elm Street #202 5

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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
22 Buttercup Lane $1,195,000 3BR/2.5BA 2,031 Kevin Ortega, Napa Valley Realty
9 Honeysuckle Lane $1,100,000 2BR/2.5BA 1,800 Alex Konoff, Keller Williams

___________________________________________ (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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