San Carlos Real Estate Agent, San Carlos Realtor The San Carlos Real Estate Week in Review: 5-10-15. | The White Oaks Blog

The San Carlos Real Estate Week in Review: 5-10-15.

by Chuck Gillooley

Last week was one of the more brisk weeks that we have seen in the San Carlos real estate scene so far this year. Nine new homes hit the market, only to be offset by nine other homes going into contract. That’s more inventory turnover than we have seen in a number of weeks.  The net result is that we still only have a little over a dozen single-family homes for sale in the entire city of San Carlos. But it speaks volumes to the fact that buyers are still out in droves as hit the latter half of the Spring real estate market in San Carlos.

The other noteworthy activity this past week was the sale of 2130 Greenwood Avenue at $2,015,000. This sale is a testament to the demand for a large, flat lot in a good neighborhood in San Carlos. The value of the lot has a much bigger influence in the sales price in situations like these where you have a relatively small house on an abnormally large lot. That’s why you should not be too alarmed to see a figure of $1,527/sq foot for this house, although it was very much the talk of the town for a few days. The lot value simply overshadows everything else in these kinds of sales.

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 5-10-2015:

San Carlos Housing Data 5-10-15 Prior Week
Closed Sales for the Week: 2 4
Average Sold Price: $1,757,500 $1,523,750
Average $/Sq Foot (Sold) $1,315 $882
Average Sold as Percentage Of List Price: 125% 120%
Average DOM of Closed Sales 10 11
No. of Homes Pending Sale: 27 20
No. of New Listings: 9 5
Total # of Active Listings: 14 13
Average Price of Active Listings: $1,661,639 $1,786,073
Average DOM of Active Listings: 9 17
Average $/Sq Foot (List) $717 $770
Active-Pending Ratio: 0.52 : 1 0.65 : 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

___________________________________________________________________

Single-Family Homes Sold in San Carlos:

2130 Greenwood Avenue, San Carlos
2130 Greenwood Avenue, 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
2130 Greenwood Avenue $2,015,000 $1,625,000 +$390,000 (+24.0%) 11
136 Colton Avenue $1,500,000 $1,195,000 +$305,000 (+25.5%) 9

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
560 Dartmouth Avenue 10 $1,250,000
1385 Alameda de las Pulgas 101 $1,150,000
184 Fir Street 13 $1,298,000
50 Club Drive 14 $1,098,000
415 Cedar Street 3 $1,299,000
2151 White Oak Way 7 $2,080,000
2532 San Carlos Avenue 23 $1,779,000
790 Knoll Drive 8 $1,888,000
174 Madera Avenue 13 $1,488,000

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:

1920 Eucalyptus Avenue, San Carlos
1920 Eucalyptus 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
575 Alameda $2,300,000 4BR/3BA 3,420/17,100 Victoria Costantini, Today Sothebys
90 Hartford Avenue $1,790,000 3BR/2BA 2,550/7,200 David Young, Coldwell Banker
415 Cedar Street $1,499,000 3BR/2BA 1,618/5,900 William Osborne, Real Home
108 Rockridge Road $1,445,000 5BR/3BA 2,300/5,500 Carolyn Mitchell, Yellow Dog Real Estate
1920 Eucalyptus Avenue $1,300,000 3BR/2BA 1,760/5,000 Carrie Du Bois, Coldwell Banker
20 Barbara Lane $1,298,000 3BR/3BA 1,930/10,000 Alick Zhang, RE/MAX
173 Garnet Avenue $1,279,000 3BR/2BA 1,570/5,500 Noreen Nemec, Coldwell Banker
227 Lemoore Drive $1,195,000 3BR/2BA 1,830/7,424 Grant Keeler, Today Sothebys
12 Cranfield Avenue $949,000 2BR/2BA 1,900/11,542 Joe Pollifrone, Sereno Group

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

___________________________________________________________________

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
633 Elm Street #214 $675,000 $695,000 -$20,000 (-2.9%) 24

___________________________________________________________________

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)
22 Buttercup Lane 5
3331 La Mesa Drive #5 2

___________________________________________________________________

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
618 Walnut Street #404 $888,000 2BR/2BA 1,096 Nathan Nunes, Better Homes
3375 Brittan Avenue #7 $715,000 2BR/2BA 1,040 Susan & Sabrina, Berkshire Hathaway
3331 La Mesa Drive #5 $685,000 2BR/2BA 1,040 Nathan Nunes, Better Homes
222 Laurel Street #210 $449,000 1BR/1BA 702 Haifa Khoury, Today Sothebys

___________________________________________ (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!
_____________________________________________________________________________

GD Star Rating
loading...
GD Star Rating
loading...
The San Carlos Real Estate Week in Review: 5-10-15., 4.3 out of 5 based on 3 ratings
Leave a comment